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

<< Previous

Bullboard Posts

Next >>

Post by nozzpackon Jun 21, 2024 1:30pm

143 Views

Post# 36100336

Deep calibration to Seismics to 2500 m

At the latest report, the deepest hole had reached 1,230 m.
Siesmics were completed at 2500 meters.

It looks like they are continueing to the full Seismics surveyed depth of 2500 meters.

All of the other 11 holes are continueing to drill deeper , locating new side track drilling targets for the special directional drilling tool.

Once completed, with 12 holes being drilled vertically from spaced topsides discoveries , along with an unknown number of side track holes on either side of these vertical drill holes, it's quite possible that sufficient core data will be obtained for a Inferred Resource estimate below 300 meters to in excess of 1000 meters.

GLTA

<< Previous

Bullboard Posts

Next >>

Unique Battery Metals opportunity in Quebec