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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 Dixiedeeon Apr 04, 2024 4:42pm
116 Views
Post# 35971336

RE:Let's compare drilling technique and results, and see.

RE:Let's compare drilling technique and results, and see.We all know they have not done a mineral resource estimate so the report says that gold gold everywhere but no resource estimate by the company yet why is that because they are still in the tail end of their drill program that is now using information from the 3D siemic survey and is expanding  existing zones using two drill rigs and drilling to depth using two more drill rigs and drilling in new areas of potential zones with another drill rig this was all stated in a previous press release along with them currently looking at all their options which may or may not include mining some shallow deposits themselves starting a MIneral resource estimate after current program is completed if it is deemed in the companies best interest or taking on partners etc everything is on the table but direction they go will depend on the drill results to depth and 3D siemic interpretations as they get completed this is an ongoing evolving plan going forward lead by the geology that is discovered from this program not from 
MAE being available or some personal agenda some may have .This is a well thought out plan based on what the geology from the drill bit tells us 
good luck to all as some may try and mutty the waters I remain focused on the program and results in front of us and remain committed to newfound gold as an investment until the results tell me different and so far to date all they have told me is we have a lot of great high grade drill results that go on for klm in all directions and down to at least 400 meters with several zones saying the same thing now the company is trying to prove these high grade zones continue at depth like the geology suggests it does .I for one will wait for these results before I would even want them to consider spending money on a mineral resource estimate no reason to put the cart before the horse here .
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