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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > More incredible drill results!!!
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Post by megacopper on Mar 16, 2021 8:41am

More incredible drill results!!!

Wow this Queensway property just keeps delivering mind blowing assay results. This latest drill intercept has 2 ounces of gold over 40 feet. Incredible!!! And this hole is the deepest intersection so far. Adding ounces with every hole now. They are following this thing to the south so it might end up going underneath the Trans Canada Highway. This is crazy!!! Now I see why they want to go back and drill on the Knob prospect 3 km to the south. They will be drilling on both sides of the TCH. And on top of all that they have at least a dozen of high grade targets over a 20 km strike length. This property will make the Swan Zone at Fosterville seem like peanuts compared to Queensway. Craig Roberts states below details. Very impressive drill results to say the least. 

 

Craig Roberts, P.Eng. CEO of New Found, stated: "Drilling at Keats continues to expand the impressive zone of high-grade gold mineralization. The interval of 61.8g/t Au over 13.7m is the furthest south and deepest drill intercept to date and indicates the continuation of a very strong gold mineralizing system capable of producing broad intervals of high-grade gold in this direction. Our excitement continues to grow with this success at Keats, further bolstered by our high-grade discovery at Lotto 2km to the north, and by other recent high-grade drill intercepts along the Appleton Fault Zone. We have recently managed to significantly shorten our turn around time on assays and this in combination with the ramp up to eight drills will significantly accelerate our volume of assay results and news flow. We look forward to reporting further results from Keats, Lotto, and our testing of +12 additional high-grade targets along +20km of the Appleton and JBP Fault Zones."

 
Comment by lifegoeson on Mar 16, 2021 9:31am
Megacopper.... I agree, these results are again excellent, sure shows how millions of dollars can accelerate the drilling of a property to a what I believe will be an amazing 43-101 compliant resource. Patience, if they keep doing this, there is only one place for the price to go. UP.
Comment by megacopper on Mar 16, 2021 9:54am
  Yes these are amazing drill results. I am surprised the stock isn't doing better. Bit of a weak open in my opinion considering how good these results are but I think there is so much to invest in these days that much of the high risk money is chasing crypto currencies like Bitcoin or playing stocks like GameStop GME. Oh well like you say eventually if they keep getting great drill ...more  
Comment by likeike on Mar 16, 2021 11:33am
These are redunkulous results. I think geos that looked at these holes just went into shock from disbelief. The market is just as stunned and cannot believe it. When they finally get there is no resource out there that is like this or has been they will buy or they will wet themselves. You and me will just get another bib for drooling. We will be like Homer Simpson thinking of butter.....get ...more