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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Post by Retiredgeoon Aug 17, 2023 7:40am
204 Views
Post# 35592428

Press release

Press releaseThese holes are all over the map.  The NE and SE panels continue to deliver but the NW panel is delivering only refractory gold and the SW is dead.  On the plan view you can see all dead holes scattered around the NW panel.

I'm not expecting much more out of Keats West to the west.  The high grade gold seems to be within 250 metres of the AFZ then it dies off.  There is unknown potential at depth.  The SE remains poorly explored.

Keats West is exploitable by a small open pit maybe 250x250x100 metres.  Can they expand it across the AFZ to include part of the KMZ and Keats North?  Stay tuned.
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