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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 Jul 11, 2024 5:55pm
184 Views
Post# 36129243

Rapidly accumulating Resource data

Rapidly accumulating Resource data

Ignore the continued actions of the shorts today to wash trade and suppress the EOD close.

What is amazing are the facts.

Almost unparrelled is the fact that 6 of the nine newly discovered zones contained visible gold, the deepest at 1016 meters .

It leaves little doubt that the full 2500 meters of this pilot seismic guided drilling will be found to be auriferous with gold zones containing gold grades much like at the shallow depths .

Further, these hydrothermal gold zones tend to be progressively larger in their base than the shallow zones ...think of the magnificent Swan Zone of Fosterville 

Devico drilling will fill in these lateral gaps, as distances 500 m away from the vertical core discovery will be probed .

I don't know if any comparable deep drilling of orogenic mines which could match this drilling success in Just a few widely spaced holes .


Each of those hits expands exponentially the data supply and subsequent success rate when the Devico side tracking results within those zones are included .

My prognosis is many more  zones, much longer intercepts and much higher drilling success rate .

Results will come almost as if in a blitzkrieg , each incrementing the conviction that QWN, even in its current exploration infancy , has been given the gift of the celestial gods.

And, many re rating upgrades in price targets.

GLTA
 

 

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