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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 Dixiedeeon Jul 16, 2024 9:19pm
140 Views
Post# 36135914

RE:RE:RE:RE:Iam sure glad I didn’t wait until 3.25 to load up

RE:RE:RE:RE:Iam sure glad I didn’t wait until 3.25 to load up
Evenkeel123 wrote: He he he, deep drilling has nothing to do with an MRE.  That's a different continent down there.
What is important is proper spacing between drill holes, so they would have to spend a ton of money just to get that done.  Some people are to cocky for their own good.  

Bucc is right. 

EK 
 
differant continent really I think we are still in North America 

spacing is important and with high grade you need to drill closer in spacing meaning more drill holes 
But this amazing team has come up with directional drilling technique that allows them to use existing holes and then turn from vertical to horizontal drilling giving a lot more info this has just begun 
so the deep holes that they drilled vertical over the last 6 weeks and continue to drill, will be drilled horizontally at some point and give a lot of info it's like they did with the trenching and removing the overburden except down deep they can also go horizontal at different depths and multiple times in the same hole this technology is another game changer 
The ducks are lining up and the horses remain in front of the cart 
great management team 
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