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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 > Press release
View:
Post by Retiredgeo on Aug 02, 2022 8:09am

Press release

The Appleton fault, from north to south, is going to be full of these narrow gold veins, perhaps on both sides.  I was unimpressed with the grade of these veins (by NFG standards) but the strike length is impressive.  Even at 0.33 oz/t they have loosely defined 100,000 ozs in just one of these north-south veins, down to 125 m depth (that is >$200 million CAD gross metal value).

These are still ALS fire assay results.  Still no word on the Chrysos results.
Comment by BuccaneerIlsld on Aug 02, 2022 8:12am
This post has been removed in accordance with Community Policy
Comment by RawSienna on Aug 02, 2022 8:57am
"The results reported in this release are the initial assays following up on these discovery holes, with further results including several high priority holes anticipated in the next several weeks."
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