New Found Gold Corp V.NFG

Updated Drilling Results, April13,2022

[TheGreekGoldGuy]

NFG Drill Results

 

1. OCT 2,2020, 41.2 g/t over 4.75 m  and 10.1 g/t over 13.8m at Lotto

 

2. OCT 27, 2020, 10:11 ET New Found Intercepts 22.3 g/t Au over 41.35m and 31.2 g/t Au over 18.85m in Step-Out Drilling at Keats Zone,

15 g/t over 18.35 m and 92.9 g/t  over 19 m. 

 

3. Nov 16, 2020 44.5 g/t over 6.85 m  at Keats step out

 

4. DEC 15, 2020, 09:41 ET New Found Gold Intercepts 45.3 g/t Au over 13.1m and 25.0 g/t Au over 16.85m ,40.1 g/t over 4.1 m, step- out drilling at Keats.

 

5. JAN 11, 2021, 08:00 ET 50 Meter Step-Out Hole at Keats Intercepts Broad, Shallow, High-Grade Intervals: 22.5 g/t Au over 10.4m and 31.4 g/t Au over 15.9m 

 

6. JAN 14, 2021, 08:00 ET New Found Intercepts 18.1 g/t Au over 6.5m including 38.7 g/t Over 2.95m in New "Sunday Zone" Discovery in the Appleton Fault Hanging Wall, 2 km North of Keats Zone 

 

7. FEB 11, 2021,08:00 ET New Found Intercepts 28.4 g/t Au over 13.8m and 25.0 g/t Au over 10.3m 

5.8 g/t over 19.8m and 19.3 g/t over 7.3 m, at Keats,

 

8. FEB 23, 2021, 07:45 ET New Found Intercepts 224.7 g/t Au over 2.45m at Lotto 

 

9. MAR 01, 2021, 08:00 ET Keats Step-Out Returns 29.1 g/t Au over 11.4m, Extends High-Grade Zone to 250m Down Plunge 

 

10. MAR 10, 2021, 08:00 ET New Found Intercepts 24.0g/t over 46.0m and 27.0g/t over 30.1m at Keats,  also 25.8 g/t over 39.1 m

 

11. MAR 16, 2021, 08:00 ET Keats Step-Out Returns 61.8 g/t Au over 13.7m, Extends High-Grade Zone to 285m Down-Plunge also 22.7 g/t over 7.9 m

 

12. MAR 23, 2021, 07:30 ET New Found Intercepts 51.3 g/t Au over 3.20m and 53.3 g/t Au over 3.10m in Step-outs to Depth at Lotto

 

13. MAR 29, 2021, 07:30 ET Keats Infill Drilling Returns 37.2 g/t Au over 6.45m and 17.9 g/t Au over 8.45m 

 

14. APR 07, 2021, 07:30 ET Keats Infill Drilling Returns 106.5 g/t Au over 9.15m and 45.6 g/t Au over 4.05m,  49.41 g/t over 2.95 m

 

15. APR 20, 2021, 07:45 ET Keats Infill Drilling Returns 261.3 g/t Au over 7.2m, Queensway Program Expanded to 10 Drills 

 

16. APR 27, 2021, 07:45 ET New Found Intercepts 63.7 g/t Au over 8.45m and 16.9 g/t Au Over 2.5m in 50m Step-out to South at Keats 

 

17. MAY 04, 2021, 07:30 ET New Found Intercepts 124.4 g/t Au Over 17.7m and 131.1 g/t Au over 4.65m at Keats 

 

18. MAY 21, 2021, 14:53 ET New Found Intercepts 146.2 g/t Au over 25.6m in 65m step-out to South at Keats, Extends High-Grade Zone to 425m Down-Plunge 

 

19. JUN 15, 2021,  04:30 ET New Found Intercepts 21.4 g/t Au over 8.05m and 14.9 g/t Au over 12.9m in 40m step-out at Keats, Extends High-Grade Zone to 465m Down-Plunge 

 

20. JUN 23, 2021,  07:30 ET New Found Intercepts 150.3 g/t Au over 11.5m at Lotto 

 

21. JUN 30, 2021, 07:30 ET New Found Intercepts 430.2 g/t Au Over 5.25m in New Discovery at Golden Joint Zone, 1km North of Keats 

 

22. SEP 08, 2021, 07:30 ET New Found Intercepts 111.4 g/t Au over 2.65 m and 76.8 g/t Au over .80 m at Lotto Main Vein: Doubles the Vertical Depth to 200 m, also 19.3 g/t over 8.8 m

 

23. SEP 15, 2021, 07:30 ET New Found Intercepts 32.65 g/t gold over 7.05 m, 137.49 g/t gold over 2.0 m, 36.52 g/t gold over 3.00 m and 31.80 g/t gold over 4.85 m. also 104.59 over 2.2 m

 

24. SEP 23 1,131 g/t Au and 568 g/t Au Rock Samples at New 'Big Dave' Showing 2km North of Lotto, potential new zone. 

 

25. SEP 30  64.94 g/t over 2.1m and 16.3 g/t over 4.5m  at Golden Joint zone.

 

26. OCT 13  88.53 g/t Au over 3.35m Below Keats Main Zone

 

27. OCT 14  61.50 g/t over 5.78m, 63.92 g/t over 3.25m, 17.59 g.t over 6.5 at    Keats

 

28, JAN  6, 2022   70.65 g/t over 5.25m.  35.1g/t over 2.1m  at Golden Joint

 

39. JAN 13, 2022  56.69 g/t Au over 2.45m at Keats Foot Wall

 

31. JAN 19, 2022  98 g/t Au over 3.85 m at Golden Joint, extends Hi grade zone yo 305m vertical depth

 

32. JAN  26 2022  28.20 g/t Au Over 4.50m at Keats Footwall Zone, 145m Below the Keats Main Zone, First Results Using Chrysos PhotonassayTM Method

 

33. FEB 24  2022  62.3 g/t Au 0ver 2 m  at Keats Main, 845m down plunge,  71.6 g.t Au over 2.15m,  28.16 over 5.25m,  43.78 g/t over 3.1m,  8.79 g/t over 8.25m and 14.29 g/t over 4.85m all at Keats Main. 

 

34. MAR 2, 2022   47.82 g/t  Au over 9.75 m,  55.61 g.t Au over 3.2 m,  10.06 g/t Au over 3.15 m and 13.65 g/t Au over 2.05 m  at Keats main.

 

35. MAR 9, 2022   31.88 g/t Au over 2.05m,  65.35 gram meters at JBP

                              25.4   g/t Au over 2.25m,  57.15 gram meters at JBP

                              16.66 g/t Au over 2.80m,  46.65 gram meters at JBP

                              17.10 g/t Au over 2.05m,  35.05 gram meters at JBP

 

36. MAR 24, 2022  69.15 g/t Au over 14.15 m,  1384.08 gram meters combined highlights from 11 holes. At Golden Joint and Lotto.

 

37. APR 11. 2022  21.12 g/t Au over 7.20m, 79.81 g/t Au over 3.00m, 119.45 g/t over 2.40m, 7.21 g/t Au over 5.75m, 16.03 g/t over 2m & 6.6 g/t Au over 5.9m, including 31 other drill holes with remarkable Au content at Keats & Identifies New High-Grade Near Surface Mineralization

 

38.  APR 13  2022 NFGC Hole 22-515 hits 9.21 g/t over 2.15m and 43.9 g/t over 3.85m. for a combined total of 188.79 gram meters, at new zone between Keats and Golden Joint.

[goldstd69]

there's gold in them there hills or plains...thinking NFGC now has a direction which is higher...the majors are lurking now more than ever....

[seashark00]

The majors won't be buying until there is a lot more work done.  At least a PFS.

[BlueChipper2020]

You are right that majors won't be buying until there is a lot more work done HOWEVER the owners here won't be selling before there is a lot more work done to unlock much much more value. Expect the completion of this 400K drilling program followed by another in 2023/2024.  You are incorrect that you need a PFS. You don't. You often don't even need a 43-101. In the case of

[DanWarren]

This post has been removed in accordance with Community Policy

[AlwaysLong683]

1) It appears a Canadian public company needs a "yes" vote from shareholders who, combined, own two-thirds or more of the total shares outstanding to approve a takeover. See page 4 of the following document from Osler: Shareholder Approval   "Although the shareholder approval threshold for an arrangement is generally subject to the discretion of the court and

[likeike]

Great post as always BC but somewhat disagree that I think it is possible for a major to jump the gun to get a early position before it gets too big for their liking. Davec12 is again thinking this is a run of the mill find.  I assure you it is not so the same rules do not apply. Anyone applying the same rules is going to get caught with their pants down and looking  very silly on a

[Stockpicks96]

Likeike you are right, with ultra high grade deposits history has shown they do not need resource estimates, PEA's or proven reserves. Anyone remember Airequipa mining from the 90's? I believe it took 16 drill holes for Barrick to swoop in at $29.00 per share. GBR is another example of this, no resource estimate. The majors due a tremendous amount or due diligence behind the scenes and

[megacopper]

  You took the words out of my mouth. That is crazy we would have been thinking the exact same thing at the exact same time. Scary. Lol

[Stockpicks96]

Great minds think alike lol. Just commenting from my own experience in this sector. I have found that resource estimates, proven reserves, PEA's come into play with low-mid grade deposits where majors see them as economical and ultimately profitable to mine over the long run, BUT in that same breath, they aren't exactly chomping at the bit to buy them out. These reports in effect act as a

[megacopper]

      BlueChipper is 100% correct. A big gold major can come in and buy it out (try and buy it) whenever they want too but they do need board approval from their own company before making a bid. Two buyouts without a PFS or a 43-101 come to mind and that is the recent Great Bear Resources buyout by Kinross for $1.9 billion and way back in the late 90's Barrick Gold

[likeike]

Gee willickers Megaman you'd think you had been listeing to Eric Sprott who in one of his  early videos about Fosterville preached on and on how high grade was key to make it one of the most profitable mines in the world if not the most profitable. Since you bring up Arequipa again let us not forget that 6 of the guys died in a plane crash not 2 months after selling and I think at

[megacopper]

      Highly unlikely that a major gold company would pay more than $5 billion dollars for this property or any other mineral property for that matter. Yes the in ground metal value could eventually be worth tens of billions of dollars but a major won't pay that much. They have shareholders to answer too and that is a lot of money / equity to fork out for an undeveloped

[seashark00]

Right you are Ike.  We all like to get carried away but realistically a take over is a long way off.  Majors will not pay what they think the asset is worth.  If they did how would they make any money.  NFG has the real deal here.  Further drilling and results should move the stock price higher.  Eric Sprott is no fool and his continued interest in buying more of NFG

[Global1966]

If majors won't  pay what they think the asset is worth, they better move quick with a half decent number. With every drill result the "what it's  worth number" is increasing.

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[wajac]

Good post bddg. There's no doubt in my mind that the principals have a plan, and possibly have, from the beginning. I would be concerned if they did not as it would indicate to me that they are flying by the seat of their pants. The plan in my opinion is to sell the asset at the most opportune time, that is, when the price is right. I agree also that price of gold is in for a long ride down

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[likeike]

Highly unlikely that a major gold company would pay more than $5 billion dollars for this property or any other mineral property for that matter. Yes the in ground metal value could eventually be worth tens of billions of dollars but a major won@t pay that much. They have shareholders to answer too and that is a lot of money / equity to fork out for an undeveloped deposit even if it is one of the

[likeike]

Red Back Mining Inc - The Northern Miner https://www.northernminer.com › company     Friendly merger for Kinross, Redback Mining. In a US$7.1 billion deal that would give ... Red Back hits new high on drill results from Tasiast, Chirano ..   

[rgvgolf]

Ike  I agree 10 bill. would be a steal as it would only represent about 20%(guestimate) of the land package that is not even drilled out. However I would be inclined to tender my shares if an offer $58 is made.   Im now sleeping well  GLTA

[megacopper]

  I figured that $5 billion statement would get you worked up. Haha Geez ike you would have to be happy with $5 billion or about $28 a share. Anymore than that and I would be considered filthy rich and a multimillionaire. I don't need that much come on man. My friends wouldn't treat me the same and I would have to buy a new truck, my brother would want a bigger pontoon boat and

[suregold1]

One of the big issues most are refusing to acknowledge here is the reluctance of any major to make insane buyout deals like the one above, whcih just about bankrupted Kinross. All themajors went crazy at that time and even Rio almost went bankrupt on the backs of the ridiculous buyouts they engaged in and had to be bailed out by the Chinese. Bhp likewise, and you can go on and on. Newmont for

[itsjustme1]

10 billion in 2 months. LOL Not sure what you are smokin but I will take some

[Global1966]

10 billion is cheap. Queensway North is probably worth that on its own and you get Queensway South thrown in as a bonus.

[Stockpicks96]

You are probably right but in this game hardly anything ever gets sold for exactly what it is worth, unfortunately.