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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 25, 2024 5:36am
186 Views
Post# 36239686

Phase 11 of Kent’s Trench should not take too long

Phase 11 of Kent’s Trench should not take too long

This It's been ongoing for a while already with Phase 1 providing improved understanding along with the channel gold results are currently being incorporated into the Company’s 3D geological model which will extend the gold mineralization to the bedrock surface. Phase 1 covered a total length of 1782 meters which at 22 grams per ton amounts to nearly 40,000 gram meters . 

The Phase II channel sampling program is mostly infill designed to increase the sample density along very high-grade veins to provide more certainty about grade variability of these domains.

In addition, the Phase II program aims to better assess vein domains oblique to the systematic grid that were not adequately represented in the Phase I program.

So we are in good shape for boot strapping KT for test mining and empirical calibration of the 3D geological model as a major contribution for a PEA while adding robust low cost cash flows using the Pine Cove mill.

BTW, big things may be underway for Maritime..

 

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