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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 Retiredgeoon Jul 29, 2024 6:10pm
112 Views
Post# 36153409

RE:RE:RE:RE:RE:RE:Large Diameter Core Means that…

RE:RE:RE:RE:RE:RE:Large Diameter Core Means that…According to the June 25, 2023 PR true widths are expected to be 70-95% of the stated drill intercept.  The map clearly shows that 105 g/t over 27.05 m was not drilled down the vein.  Furthermore, it was an intercept of a damage zone with numerous Quartz veins within.

The gold is hosted in Quartz veins and damage zones which have been traced down 100-400 m to date.  The distribution of gold is uneven and that is all that can be said at this time.  Are there Fosterville-like tubes at Queensway?  No one knows.

I am looking forward to them extending KMZ and Iceberg to depth.  To date they have been drilling other things and matching seismic results to drill results.
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