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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

Post by nozzpackon Jun 23, 2024 6:32pm
178 Views
Post# 36102531

Assays from Deep Drilling Paired to Seismic signal indents

Assays from Deep Drilling Paired to Seismic signal indents

These 12 holes were drilled within but below the known mineralized foot print for each of the five high grade zones to test down dip step outs targets derived from the 3D Seismics 

Drilling began in early March, and by early June  a total of 10,345 metres had been completed in 12 drill holes ranging in length from 550 to 1,230 m. 


My assumption is that these 12 holes were re entry holes, beginning perhaps 350 m or so below the surface .
If correct , the deepest hole perhaps had reached a TD of 1500 meters or so with the shallowest reaching about 900 meters.

Devico is now Re entering these bores to side step, by directional drilling, to test structures known to be mineralized  in core data that correlate well with seismically defined structures.

If these assumptions are correct, we could see initial assays at depths below the 350 m vertical depth within a month or so assuming a 4 month turnaround .

Likewise, serial assay releases as they are received at deeper depths from these 12  drill holes down to 1500 m or so below the surface .

Such would make for a very interesting summer of assay releases, interwoven with initial side step assays from Devico.





 

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