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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 Sep 19, 2024 6:58am
150 Views
Post# 36230441

Iceberg Trench Completion ..50 grams/ ton underneath

Iceberg Trench Completion ..50 grams/ ton underneath
  • Previously released near surface highlight intervals from the area to be trenched include: ( Average grade above 30 meters = 50 grams per ton )

Hole No.

From (m)

To (m)

Interval (m)

Au (g/t)

Zone

Date Released

NFGC-22-1084 

7.70 

18.45 

10.75 

15.42 

Iceberg 

03/01/2023 

Including 

12.40 

13.25 

0.85 

128.29 

Iceberg 

03/01/2023 

Including 

14.90 

16.75 

1.85 

19.12 

Iceberg 

03/01/2023 

NFGC-23-1109 

17.60 

23.25 

5.65 

19.65 

Iceberg 

03/01/2023 

Including 

19.00 

21.00 

2.00 

50.52 

Iceberg 

03/01/2023 

NFGC-23-1264 

20.00 

26.70 

6.70 

33.28 

Iceberg 

06/15/2023 

Including 

20.00 

21.90 

1.90 

85.35 

Iceberg 

06/15/2023 

Including 

22.65 

23.30 

0.65 

80.80 

Iceberg 

06/15/2023 

NFGC-23-1838 

14.10 

19.95 

5.85 

40.51 

Iceberg 

03/13/2024 

Including 

14.10 

14.80 

0.70 

278.00 

Iceberg 

03/13/2024 

Including 

18.40 

19.95 

1.55 

22.56 

Iceberg 

03/13/2024 

Table 1: Iceberg Near Surface Drilling Highlights

Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 70% to 95% of reported intervals. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of

 

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