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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

Comment by JRafflesUKon Mar 24, 2024 3:17pm
99 Views
Post# 35949689

RE:RE:Mystery

RE:RE:Mystery
If the deep drilling identifies more of the same width high grade veins found in the shallow drilling then this may not add much value, bearing in mind the cost of creating a shaft at great depth.
 
Therefore, it seems that the deep drilling goal is to identify a wide chamber which is the source of gold on the surface at Keats, Iceberg and the other surface high grade zones.
 
Could it be therefore, that the seismic drilling has already identified areas where large chambers of gold bearing ore may be akin to the motherlode which supplied the surface gold veins?


 


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