New Found Gold Corp V.NFG

Keats

[Global1966]

Anyone know if they are still any drills on the Keats main zone or has it all been concentrated on Keats West, Iceberg and the new discoveries?
What is the strike length of KMZ?

[Retiredgeo]

There are 6 blue diamonds about the KMZ. The nest of veins at the KMZ is 500 m long.

[Global1966]

Thanks. I only asked because the last PR from Keats was November 2022.

[Retiredgeo]

Their current objective is to discover and flesh out gold zones without dwelling too much or too long on any one zone.  They have defined the KMZ down to 400 m depth.  There is a possibility that they missed something near the central dilation.  It looks like that they have plunked down a few holes to check it out.

[Gangsterme]

I would assume that they have preliminary results back from some of the seismic work and that they started by doing seismic in areas that they have already have core analysis.  These results will have allowed them to determine correlations and seismic results now being received from areas not yet drilled will soon be on their drilling schedule. Unfortunately, unless they are able to have

[suregold2]

I wonder if we will see at least one deep hole in coming months assayed and reported. They must be chomping at the bits to sink one down to the 1,000 metre mark. If they hit at that level as Fosterville did (and they suspect already that grade should increase or at least provide new zones at depth] this thing could really explode like some of you think to lofty share prices! Juniors can get really

[JRafflesUK]

Their current objective is to discover and flesh out gold zones without dwelling too much or too long on any one zone.    I concur with the apparent objective that NFG’s policy is to flesh out multiple potential gold zones.   However, there must be a time where there are diminishing returns for the SP, in locating more high grade gold zones, in contrast to selecting one zone for

[Retiredgeo]

You are assuming that they intend to mine.  The more I listen to Denis Laviolette on "Crashlabs" the more I'm convinced that they intend to sell.  He is opposed to resource estimates and 43-101s saying "the buyer can do that".  Their objective seems to be to find as many gold zones as they can up and down the entire length of the property and at depth and

[MaterialsMan]

Ret.Geo, 321GOLD just named NFG the best gold project in Canada. Like you, he would like to see it mined by them and thinks they will. If anyone wants to see this in Black & White, scroll to the very bottom of the article. It's the last topic covered.

[JRafflesUK]

I agree with your view of what Denis Laviolette's preference may be (not to mine), since he is a project explorer, rather than a miner. The Pallisade Gold inclination may also be the same. However, with Eric Sprott's personal and family trust holdings of ~30% of NFG any sale would have to convince him that he would get full value by following this route. However, a sale structure that

[suregold2]

Why would they want to mine it themselves? You all forget ES made his massive gain not on the original sale, but on the subsequent growth in the value of the buyer's shares as they generated huge cash flow from the Swan Zone alllowing them to grow their company way faster than it could ever happen through normal growth options. In addition, you all refuse to recognize that every mining project

[Retiredgeo]

Most of the value of a property doesn't show up until the mining phase (that is why it is purchased).  Selling an exploration property is letting someone else reap the rewards.   Eric bought into an existing mine and made is huge fortune during mining.  Fosterville was not some exploration property like Queensway. Mining can be extremely expensive and risky but not in

[AlwaysLong683]

Great Bear was bought out by Kinross. Osisko Mining decided to enter into an 50/50 Joint Venture agreement with Gold Fields to develop their Windfall project. Re. NFG: Eric Sprott is getting on in years. Palisades / Kettell still state the following in the "Concentrated Bets" section of their website, with NFG as the only logo shown. LAB and one or two other companies - If memory

[Dixiedee]

An eventual buyout or earn in can be structured many ways with all cash some cash some shares in new company some shares in acquirer with some cash or getting major to commit to spending x # of dollars on exploration building mine etc to earn a certain position or to be able to even buy a position after x is spent Iam not counting anything out iam sure there are talks of some kind happening behind