New Found Receives Initial 3-D Seismic Interpretation, Initiates Deep Drilling at Queensway [Yahoo! Finance]
New Found Gold Corp (NFGC)
Company Research
Source: Yahoo! Finance
to announce that it is in receipt of the final dataset and preliminary interpretation of its 3-D and 2-D seismic program completed in late 2023. The seismic program covers a 47km core segment of the Queensway North project (see Figure 1) area and was conducted by HiSeis, an industry leader in hard rock seismic surveys. New Found's 100%-owned Queensway project comprises a 1,662km area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. Highlights The preliminary seismic interpretation successfully outlines the presence of structures and geological features down to a depth of 2.5km that align with known gold-bearing structures closer to surface, and points to additional lineaments that could represent new and untested structures. Figures 2 and 3 display 3-D cross sections that extend down to 1,200m below surface of the Keats and Lotto zones, respectively, overlayed with preliminary interpreted major structures and faults. The Appleton Fault Zo
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- New Found Gold: Interesting Prospects And Low Share Price [Seeking Alpha]Seeking Alpha
- Exploits Engages HiSeis for Interpretation of Seismic Data on its Bullseye Property [Yahoo! Finance]Yahoo! Finance
- One New Found Gold Insider Raised Their Stake In The Previous Year [Yahoo! Finance]Yahoo! Finance
- New Found Gold Corp. (NYSE: NFGC) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $9.00 price target on the stock.MarketBeat
- Labrador Gold Announces Sale of Kingsway Project [Yahoo! Finance]Yahoo! Finance
NFGC
Sec Filings
- 5/9/24 - Form 6-K
- 5/9/24 - Form 6-K
- 4/22/24 - Form 6-K
- NFGC's page on the SEC website