By this point, three core drills were now active on the Queensway project. The first drill was working at the Lotto Zone and the second and third rigs were turning at the Keats Zone.
Further progress at the Keats Zone was observed in late October when New Found Gold revealed the preliminary results from the first four 2020 drill holes (NFGC-20-18, 19, 21, and 23) as part of the company’s ongoing diamond drill program.
Intervals from those holes displaying significant quartz veining, sulfide mineralization, and visible gold were assayed on a rush basis. The initial step-out drilling at Keats demonstrated strong continuity of veining and high-grade gold mineralization.
Furthermore, the 10-meter step-out pattern around Hole NFGC-19-01 provided valuable information about the orientation of veining and grade distribution at the Keats Zone. As Mr. Matheson pointed out, historic work and more recent drilling at Keats demonstrated gold mineralization over at least 300 meters of strike, and the target remained open along strike and to depth.
More updates followed closely in November, with New Found Gold announcing the initial results from drill hole NFGC-20-26 at the Keats Zone. As it turned out, the high-grade interval in NFGC-20-26 displayed characteristics suggestive of an epizonal orogenic depositional environment.
An interval of drill core in hole NFGC-20-26 displaying abundant quartz veining, sulfides, and visible gold was assayed on a rush basis, returning significant mineralization: 44.5 grams per metric ton of gold over 6.85 meters within a longer interval of 11.8 grams per metric ton of gold over 29.15 meters, starting at 45 meters down-hole.
New Found Gold President Denis Laviolette further added, “The closer spaced drilling around NFGC-19-01 is yielding outstanding results and giving us valuable information about the spatial distribution and geometry of the high-grade gold mineralization.”
Heading into the end of the year, in December, New Found Gold provided a highly anticipated update regarding the Queensway project. In particular, the company revealed that it had completed approximately 11,900 meters of core drilling at Queensway North, including 36 holes at the Keats Zone target.
By that point in time, the company had moved into a new 7,000-square-foot core-logging facility that has the capacity for a significant expansion of the drill program should a decision be made to do so.
With that same press release, New Found Gold proudly announced that it had entered into a purchase and sale agreement with Exploits Discovery Corp. providing for the sale of a 100% interest in two mineral claims: Jonathan’s Pond and a 75-hectare claim on Glover Island, 210 kilometers to the west of the Queensway project.
In this value-added deal, New Found received 6,562,799 common shares in the capital of Exploits Discovery Corp. On top of that, New Found will also retain a 2% net smelter return royalty on production from the two aforementioned mineral claims.
93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.
Wealth Education and Investment Principles Are Hidden From Public Database On Purpose!
Build The Knowledge Base To Set Yourself Up For A Wealthy Retirement and Leverage The Relationships We Are Forming With Proven Small-Cap Management Teams To Hit Grand-Slams!
Mr. Kettell provided further details on the arrangement and New Found Gold’s considerable benefits: “In exchange for these claims, New Found is receiving share consideration of approximately $4.8 million (based on Exploit’s closing share price on December 10), and our resulting approximately 9.9% ownership of Exploits will provide exposure for New Found to the large land package that Exploits has acquired in Central Newfoundland.”
Talk about an action-packed year: before 2020 was over, New Found Gold released the partial results from six additional holes drilled at the Keats Zone. Again, significant mineralization, including gold, was observed at the site:
Mr. Matheson provided further details on the findings: “Veining observed in drill holes to date at Keats is characterized by quartz-sulfide mineralization displaying thicknesses typically in the 20m to 40m range with good continuity between holes. Intervals displaying visible gold have consistently been encountered within these broader vein intervals.”
As we’ve mentioned, New Found Gold’s drill program at Queensway consisted of an already expansive 100,000 meters. Even so, that figure was about to double – a terrific start to the new year and definitely a point of celebration for the company’s stakeholders.
In early January, New Found Gold disclosed that the company is expanding its Queensway drill program from 100,000 meters to 200,000 meters. Not only that, but the company is increasing the rig count from four to eight drills.
The decision to double the Queensway drill program was made following an analysis of the multiple high-grade gold intercepts reported from drilling to date and further review of the multiple drill-ready targets defined along 5 kilometers of strike of the Appleton Fault Zone and 3 kilometers of strike of the JBP Fault Zone.
Now, that’s what you call a miner in hyper-growth mode. With this expansion to a whopping 200,000 meters of drilling, the revised budget for the Queensway program was increased to approximately $35 million, which well-funded New Found Gold can easily manage since the company currently has around $67 million in working capital.
With a new year and new expansion come bigger and better exploration and development objectives. Among these are:
- Substantial follow-up drilling around prior high-grade intersections, some close-spaced to define high-grade epizonal gold mineralization
- Drill testing of traditionally generated and machine learning targets outside of known areas
- Continued development of the structural model
- Investigate structural relationships and mineralizing events across the Queensway North, surface, and drill core
- Conduct surface fieldwork at Queensway South, early-stage data collection, and advanced target testing
Referring to the Appleton Fault Zone and the JBP Fault Zone, Mr. Roberts explained that “Both zones are highly prospective for gold with multiple showings that require systematic drilling. With our new 7,000 ft2 core process facility in place our operational team is ready to ramp up and aggressively explore Queensway.”
With the doubling of the drill count, New Found Gold can now accelerate its grid drilling program along 5 kilometers of strike on the Appleton Fault Zone while also concurrently commencing testing targets along 3 kilometers of strike on the parallel JBP Fault Zone.
Only a matter of days after that huge announcement, New Found Gold released a fresh update on the results from four diamond drill holes completed at the Keats Zone and six initial holes drilled at the Little-Powerline Zone, drilled as part of the company’s now 200,000-meter diamond drill program.
URGENT ON GOLD… as in URGENT
It Took 22 Years to Get to This Point
Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.
Free Exclusive Report
We are paid advertisers through any one or several of the following entities, which entities are controlled by the same owners and other owners in varying percentages: (a) Future Money Trends, LLC, (b) Gold Standard Media, LLC; Gold Standard Media, LLC, ShtfPlan.com, Wealth Research Group, LLC, Portfolio Wealth Global, LLC, Wallace Hill Partners, Ltd (hereafter collectively referred to as “we”, “our”, “us”, or “FMT”). As advertisers, we are publishers of publicly disseminated information on behalf of our clients, publicly traded companies, or non-affiliate third party shareholders of various issuers. As reiterated below, do not base an investment decision on any of the contents of our Publications.
Conformity with Anti-Touting Statute – Section 17(b) of the Securities Act of 1933
We receive either monetary or securities compensation for our services in conformity with the anti-touting statute under the federal securities laws, Section 17(b) of the Securities Act of 1933, as amended (“Securities Act”), and requires publishers to provide full disclosure of their compensation, as follows:
- Type of compensation (securities or cash) (if securities, whether common stock, preferred stock, warrants, or other type securities) received, or to be received (distinguish whether such compensation has been received or to be received and when).
- Identify of the party who paid the compensation, including whether such party is the Issuer, a third-party shareholder, or any other person or entity.
- Amount of securities or cash paid, and date paid or will be paid.
Additionally, the following must be disclosed:
- If the compensation is in securities, whether the securities are restricted or unrestricted.
- If a corporate entity is the publisher of the information, its control persons must be identified.
- Identity of Person paying (Direct or Indirect) compensation to the stock promoter; and
- If the Publisher is compensated by a third-party shareholder or corporate entity, the shareholder or control persons of the entity must be identified by his or her individual name.
Do Not Use Any Information in Our Publications to Make an Investment Decision
There is no information on our website or distributed otherwise that should be used as the basis for an investment decision.
What We are Not
We do not act, directly or indirectly, in the capacity of any of the following and you should not construe our activities as involving any of the following: (a) investment advisor; (b) broker dealer; (c) broker; (d) dealer; (e) stock recommender; (f) stock picker; (g) finder; (h) securities trading expert; (i) financial planner; (j) engaging in the offer and sale of securities; (k) securities analyst; (l) financial analyst; (m) providing price targets or buy or sell recommendations.
From Whom We Receive Compensation
We receive cash or stock consideration from Issuers or third-party shareholders. With respect to third party shareholders, please be advised that the SEC has interpreted compensation paid to an investor relations firm from Third Party Shareholders, is considered to have emanated from the Issuer itself. As such, any shares received from a Third Party Shareholder under such circumstances must comply with the applicable holding periods under Rule 144 of the Securities Act since such stock issuances would be considered an issuance by the Issuer and therefore restricted.
Conflicts of Interest
Our activities involve multiple potential and/or actual conflicts of interest, since we receive monetary or securities compensation in the very securities we are promoting, and shortly after we receive the securities compensation, we may promote the securities and sell the securities. The third party shareholder from which we receive compensation also has an actual conflict of interest since he or she or it is paying us securities compensation for promotion services and such non-affiliate third party shareholder may sell other shares held while we are promoting the issuer that issues the stock held by such third party shareholder.
- Note the following regarding our trading activities, including securities compensation we receive:
- We routinely sell the securities before, during and after its dissemination of the Publication.
- Selling of our securities may result in may result in substantial profits to us.
Our buying and selling activities may result in increases in the total trading volume of the securities, which may prove advantageous to our selling activities.
- Our buying and selling activities may result in the investing public having to sell at lower trading process, especially if we are selling material amounts of shares.
There are no implied or express warranties regarding the contents of our Publications.
Distribution of the Information in our Publications
The contents of each publication may be distributed, as follows:
- Through our Publications as identified above.
- Sent directly to your email
- Sent to addresses on email lists
- YouTube Channels.
- Re-published by our entity, Gold Standard Media, and sent to select email lists and YouTube Channels booked and scheduled by Gold Standard Media
The Company’s publications often pertain to gold and mining stocks, which discuss a direct relationship between the price of gold or silver and the stock price of a gold or silver mining stock. We discuss with respect to various issuers that there is a relationship between the price of gold or silver to the stock price of a gold or silver mining stock, i.e. that the higher the price of gold or silver, the higher the price of the stock. You should use extreme caution in adopting any such conclusions, because such statements do not account for any of the following factors:
- The stage of mining that the public company is engaged in, i.e. whether they are simply an exploration company and have not entered actual mining operations.
- Whether the then current financial condition of the mining company permits such company to have the necessary capital to conduct exploration and/or mining activities.
- The need for financing for exploration and/or mining activities and the possible inability to obtain such financing at all or on acceptable terms or that does not cause significant dilution to shareholders’ interests.
- Estimates of proven and probable reserves and mineralized material are subject to significant uncertainty, including a determination that the estimated reserves of mineralized material become uneconomical.
- Status of the worldwide economy
- Development of mineral properties is inherently risky and could lead to unproductive properties and is subject to the ability of the mining operator obtaining the necessary capital investments
- Whether additional exploration is required if reserves are not located on already acquired properties, which would negatively impact the financial condition of such gold or silver company or properties or mining operations
- Failure to comply with regulatory requirements
Whether the public company is a development stage company
- Mining operations are subject to the risks of increasing operating and capital risks that adversely affect results of operations
- Potential delays, cost overruns, shortages of material or labor, construction defects
Readers should view statements that state that stock prices will be track gold or silver prices with extreme caution and do their research into the Issuer’s or operator’s financial performance, estimated exploration, extraction and production costs, financial condition, stage of exploration and mining, whether its operations are contingent upon financing. Mining operations are subject to innumerable risks and high rates of failure and create a direct relationship between the price of gold or silver and a gold or silver public company in the absence of other factors is misleading, i.e. stage of exploration or mining, financial condition, all operations contingent on financing, high rate of failure of mining operations.
Accordingly, do not rely upon any claimed relationship between the price of gold and silver and the stock price of a gold and/or silver company, and conduct your own research using reliable sources.
Statements contained in our publications that discuss increases in stock prices of mining stocks over a specified period of time that we do designate reflects an arbitrary period of time and does not take into consideration the inherent and specific risk of mining ventures and possible price volatility of a mining stock. Therefore, these statements should not be relied upon. Do your own research from reliable sources. The foregoing also applies to statements in our publication regarding mining test results and their implications, and references to individuals or entities making significant investments in the companies being profiled. Conduct research from reliable sources, including public reports filed by the mining company with regulatory authorities.
Penny Stock Disclosure
Many of the securities we profile are considered penny stocks. Penny stocks inherently involve high risk and price volatility. You may lose your entire investment in any penny stock that you invest in. You should be acutely aware of the following information and risks inherent in any penny stock investment that you may make, including any issuer profiled on our websites or otherwise: (a) we receive monetary or securities compensation from persons that claim they are a non-affiliate shareholder or an issuer; however, we conduct no due diligence whatsoever to determine whether in fact they are a non-affiliate; (b) there is an inherent conflict of interest between our information dissemination services involving various issuers and our receipt of compensation from those same issuers; (c) we may buy and sell securities in the securities that we provide information dissemination services, which may cause significant volatility in the issuer’s stock, price declines from our selling activities, permit us to make substantial profits while we are disseminating profiles or information about the issuer, yet may result in a diminished value to the stock for investors; (c) we conduct no due diligence on the content of our Publications; (d) Penny stocks are subject to the SEC’s penny stock rules and subject broker-dealers to customer suitability rules and other requirements, which may lead to low volume in the securities and/or difficulties in selling the shares; (e) penny stocks are often thinly traded or have low trading volume, which may lead to difficulties in selling your securities and extreme price volatility; (f) many of the penny stocks we profile or provide information about are subject to intense competition, extreme regulatory oversight and inadequate financing to pursue their operational plan; (g) the issuer profiles and information we provide is wholly insufficient to formulate an investment decision and should not be used in any way as a basis for making an investment decision and, at the most, it should be used a starting point from which you conduct an in-depth investigation of the issuer from available public sources, such as www.sec.gov, www otcmarkets.com, www.sec.gov, yahoofinance.com, www.google.com and other available public sources as well as consulting with your financial professional, investment adviser, registered representative with a registered securities broker-dealer; (h) we urge you to conduct an in-depth investigation of the issuer from the above or other available sources, especially because we only present positive information, which is an insufficient basis to invest in any stock, yet alone a penny stock; accordingly, you should proceed with such investigation to determine, among other things, information pertaining to the issuer’s financial condition, operations, business model, and risks involved in the issuer’s business; (i) the issuers we profile may have negative signs on the otcmarkets.com website (i.e. Stop Sign, No Information, Limited Information, Caveat Emptor), which you should determine from entering the symbol of the stock profiled into the otcmarkets.com website; (j) you should determine whether the issuer we profile or provide information about is a development stage company, which is subject to the risks of a development stage company in a similar such business, including difficulties in obtaining financing for operations and future growth; (k) because we only present positive information regarding an issuer, ; you should conduct an in-depth investigation of any possible negative factors regarding such issuer; (l) our information is “as is” and you your use of the information is at your own risk and such information may change at any time and it is not based upon any verification or due diligence of the statements made; (m) we state that profiled stocks are consistent with future economic trends; however, future economic trends or analysis has its own limitations, including: (i) due to the complexity of economic analysis as well as the individual financial and operational characteristics of an individual issuer, such economic trends or predictions may amount to nothing more than speculation; (ii) consumers, producers, investors, borrowers, lenders and government may react in unforeseen ways and be affected by behavioral biases; (iii) human and social factors may outweigh future economic trends and predictions that we state may or will occur; (iv) clear cut economic predictions have their limitations in that they do not account for the fundamental uncertainty in economic life, as well as ordinary life; (v) economic trends may be disrupted by sudden jumps, disruptions or other factors that are not accounted for in such economic trends analysis; in other words, past or present data predicting future economic trends may become irrelevant in light of fully new circumstances and situations in which uncertainty becomes reality rather than of predictive economic quality; (vi) if the trends involves a single result, it ignores all other scenarios that may be crucial to make a decision in the event of various contingencies; (n) the information we disseminate about issuers contain forward looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, projections as indicated by such words as “expects”, “will”, “anticipates”, “estimates; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation into any such forward looking statements; (o) forward looking statements are limited to the time period in which they are made and we do not undertake to update forward looking statements that may change at any time; and (p) we make statements in our profiles that an issuer’s stock price has increased over a certain period of time; however, these statements only reflects an arbitrary period of time, and is of little or no predictive or analytical quality.
On July 22nd, 2020, in connection with our agreement with New Found Gold Corp, we received $235,467USD to Gold Standard Media LLC. On April 24th, 2020, in connection with our agreement with New Found Gold Corp, we received $133,342.USD to Gold Standard Media LLC. We contracted with New Found Gold Corp to provide advertising services for a period of 24 months.