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.

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New Found Gold Corp > @geo3987 Leapfrog (3D) ceo

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Post by alwil106on Aug 29, 2024 12:56am

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Post# 36200624

@geo3987 Leapfrog (3D) ceo

 	@geo3987 @Longci54 As much as people didn't like RR, he's right. I've been looking at their assays in Leapfrog (3d) and most of the at surface zones are roughly 40mx50mx40m with what appears to be dusters around it. NFG only provided assays above 1g/t which is strange because anything above 0.5 g/t (maybe even as low as 0.35-0.4 g/t) should be economical in a large open pit especially considering the near surface high grade hits. I've taken a couple screen shots to show the mineralization in 3d. NFG has done a really good job at showing the big picture and the big trends but when you look a bit closer, it doesn't paint as pretty of a picture. I still believe this project will be a mine but I'm not seeing what other posters try to claim (>10 million ounces). So the problem is that the market is waking up to the fact that their current MC doesn't reflect what has been drilled to date. Until management can prove otherwise or hit the MOAH (Mother of all holes) at depth with the directional drilling, I dare say we keep seeing lower highs and lower lows. Image 1- Keats zone 250m cross section- Highlighted 19-01 (black line and label) and the dimensions of the zone. I didn't show the down dip extension of Keats but it's roughly 370m long dipping SE and gets thinner at depth. The majority of the drill centers are 9-20m (yes, 9m centers is crazy for an exploration company with no resource. This spacing is typically done to upgrade an existing resource). Image 2- Keats West-Iceberg, 250m wide cross section showing the depth of Keats West and the sporadic hits at Iceberg. Note there's 353m (at surface) between the nearest intercepts at KW and Ice. Drill centers in this area are 10-20m.