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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 bull_runzon Apr 22, 2024 9:44pm
114 Views
Post# 36002511

RE:Welcome To The NFG Family!

RE:Welcome To The NFG Family!
Kingsway Property • Consists of four licenses covering 77 square kilometers • Licenses cover approximately 20 kilometers of strike length of two crustal scale faults, the Dog Bay Line (8km) and the Appleton Fault Zone (12km) • Excellent infrastructure - 18km from Gander, road accessible, nearby electricity and plentiful water • Target: Orogenic gold associated with major crustal structures and associated faults
 
KINGSWAY OCCURRENCES • Six occurrences discovered over a 7.4km strike length of the Appleton Fault Zone Gold occurs in quartz veins associated with arsenopyrite, pyrite and occasional stibnite • Seventh occurrence, Midway, approximately 2km to the west Gold is disseminated in altered gabbroic host rock associated with arsenopyrite and pyrite
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