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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 Feb 14, 2024 6:49am

Press release

They are preparing deep drilling along the KBFZ using the newly acquired seismic data which we have yet to see.  These results are from the tail end of the 2023 drill campaign.
Comment by Global1966 on Feb 14, 2024 6:53am
They wouldn't  be targeting anything unless the seismic has given them targets already.
Comment by Dixiedee on Feb 14, 2024 7:00am
The press release says they will use siemic to drill to depth  the just released results are from the old drill program which still has 3000 meters pending iam expecting we will start getting siemic guided drill results in march near the end of the 1st Q and we will get the last 3000 meters of the previous program end of February that what I see the timeline to be more or less exciting times ...more  
Comment by nozzpack on Feb 14, 2024 8:30am
Consistently good numbers for depths amenable to early open pit mining . My eyeball is 7.5 grams per ton open pittable , which is three times or more that of Valentine Lake three pits. So, why the reticence in not announcing the move to early mining and the robust cash flows that will stifle the need for more dilution ..........
Comment by Gangsterme on Feb 14, 2024 8:14am
Will only be drilling at depth as the seismic indicates that there is something there worth exploring. Not much news but promising none the less.
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