New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Global, regarding drilling

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon May 16, 2024 8:29am

82 Views

Post# 36042949

RE:Global, regarding drilling

Thank you.
That is consistent with a rotary drill at 11 meters per hour.

However, rock hardness is a critical factor, granite bedrock being very hard.

Still that makes only partial sense.

Why undertake Seismics to 1000 m if you can drill that in 12 days whose cores automatically inform about gold bodies ....unless Seismics is only for guiding drilling so that drilling efficiency is the main goal..

<< Previous

Bullboard Posts

Next >>

Anaergia expands relationship with PepsiCo