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Post by GGG on Feb 29, 2024 12:21:57 GMT
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Post by likeike on Feb 29, 2024 12:56:19 GMT
Melissa Render, VP of Exploration of New Found, stated: "Our reconnaissance grid drilling campaign conducted on the west side of the AFZ has uncovered several new structures of interest and has added to our understanding of the gold mineralized system. Structural orientations west of the AFZ do tend to be quite different than zones found on the east, however, the character of mineralization and its potential appear quite similar. Our list of targets in the west has now grown and will continue to be an area of focus in 2024."
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Post by likeike on Feb 29, 2024 13:12:12 GMT
35.2 g/t Au over 16.85m in NFGC-23-1848 was intercepted midway between the Monte Carlo and the K2 Zones on the west side of the AFZ at a new zone named Vegas. The intercept includes an elevated high-grade sample running 1,910 g/t Au over 0.30m that exhibits significant visible gold over a 3cm length, as shown below in Figure 1. Vegas was discovered through reconnaissance grid drilling and subsequent, follow-up drilling has identified a high-grade segment of this moderately northeast-dipping fault that appears to link between the Monte Carlo and K2 structures. Additional drilling is planned to expand on this newly identified high-grade domain.
Figure 1. Photos of mineralization, Left: at ~97.60m in NFGC-23-1848, Right: at ~97.60m in NFGC-23-1848
^Note that these photos are not intended to be representative of gold mineralization in NFGC-23-1848.
Further south at the Monte Carlo Zone (initial discovery announced May 10, 2023), additional targeted drilling has intersected multiple high-grade gold intervals including 25.8 g/t Au over 2.00m in NFGC-22-1064, 10.6 g/t Au over 3.25m in NFGC-23-1666 and 6.87 g/t Au over 7.25m in NFGC-23-1673. These results successfully expand the near-surface high-grade mineralization to cover a strike length of 185m with a depth extent of 160m. Monte Carlo is an east-west striking, steeply dipping vein that remains open along strike and to depth.
Reconnaissance grid drilling on the west side of the AFZ a further 800 metres south of Monte Carlo encountered a broad gold mineralized shallowly northeast-dipping shear zone, a new zone called “Powerline”, with characteristics similar to the neighbouring Keats West Zone. Powerline was first intercepted by grid drilling that returned the highlight intervals of 3.32 g/t Au over 7.00m and 1.85m over 6.30m in NFGC-23-1321. Targeted follow-up drilling intercepted 1.80 g/t Au over 10.55m in NFGC-23-1884, found 50m along strike of the initial discovery. Highly anomalous and low-grade mineralization has been defined over a current strike length of 350m at Powerline and testing has only occurred at shallow depths.
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Post by likeike on Feb 29, 2024 14:37:20 GMT
@ikebalinski Loved the news release adding Vegas and Powerline as new zones and very clear that these 97 holes were from grid drilling but did anyone else notice the one pending hole on figure 3 is to almost 300 m ....is this a seismic hole pending>?
Holes mostly in Grewacky so shooting blind and maybe why Melissa made her comment about structure but still showing consistancy.
As always I see more questions than answers....I will ponder this interesting news release some more.
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Post by suregold on Feb 29, 2024 15:19:37 GMT
anyone care to comment on Crux latest negative review?
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Post by GGG on Feb 29, 2024 15:38:46 GMT
Crux article, garbage is garbage, not worth reading.
GGG here
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sanderson
New Member
Posts: 4
Member is Online
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Post by sanderson on Feb 29, 2024 19:13:39 GMT
I bought more NFGC today.
The CruxInvestor article is not convincing at all. Opinionated non-fact based comments like this "...without being able to generate a mineral resource estimate." ...are based on nothing but a negative bias towards the company, so I don't take it seriously.
Agree with GGG...the Crux article is just a garbage hit piece.
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Post by likeike on Feb 29, 2024 20:29:48 GMT
@bruckheimer Crux said nothing positive which means it’s fake news 3 about an hour ago
@crenshaw If the Crux article is the strongest case to be made against NFGC...I'll be very comfortable buying even more. 3 about an hour ago
@levityintx I'm not a fan of Crux. With that said, they have a history of identifying arrogant explore co's that have potential problems and are not forthcoming with investors. Management made no changes after the last Crux report. Let's see if there's a captain of this ship and they have more of a plan other than let's blow everyone away with headline assays in a horrible market.
IKE here sorry levityintx ...Never mind the weather just keep cranking out headline blow away assays works for me and ignore the chafe.
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Post by likeike on Feb 29, 2024 20:53:03 GMT
Post by Dixiedee on Feb 29, 2024 1:06pm
From Collin’s
Today's holes were drilled prior to receipt of a seismic interpretation and as such were not based on that work. We have just now begun our deep drilling and should have some information out about this very shortly. Thanks,
the above was a response from an email I sent newfound gold the next couple press releases is what the crux boys are scared of cause it will discredit thier made up garbage in an attempt to sell subscriptions and
the shorters that follow them
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