Past year: ▼ 27%(1.36 – 2.97 USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Mar 2024drilling progress report▲ GoodMajor
A HiSeis seismic survey over a 47 km2 core of Queensway North imaged structures down to 2.5 km that line up with the known gold-bearing faults, and picked out a previously unidentified fault about 500m east of the Appleton Fault. On the strength of it the company began deep drilling.
29 Feb 2024drilling result▲ GoodMajor
Ninety-seven holes around Monte Carlo, 800m southwest of K2, turned up a new zone the company named Vegas: 35.2 g/t gold over 16.85 metres in NFGC-23-1848, including a 0.30m sample at 1,910 g/t. Monte Carlo itself gave 25.77 g/t over 2.00m and 10.57 g/t over 3.25m.
22 Feb 2024drilling result▲ GoodMajor
Forty-six holes on the west side of the Appleton Fault returned wide, moderate-grade intervals at Keats West - 3.20 g/t gold over 43.8 metres in NFGC-23-1708, 4.28 g/t over 16.25m in NFGC-23-1144, 2.97 g/t over 23.0m in NFGC-23-1713 - a different shape of target from the narrow, very high-grade intercepts previously reported at Keats itself, and defined a new gold domain at the Cokes zone.
25 Oct 2021drilling progress report▲ GoodMajor
Four days after the Keats step-out the company doubled its Queensway drill program from 200,000 to 400,000 metres and set out to go from nine rigs to fourteen by Q1 2022, lifting core production from about 3,000 to 4,700 metres a week. It had drilled roughly 102,000m so far and says the expansion is funded from about C$103 million of working capital, rising to about C$150 million once the Sprott placement closes.
14 Oct 2021drilling result▲ GoodMajor
Eleven holes at the Keats zone on the Appleton Fault pushed the high-grade core 65 metres further down-plunge, to 530 metres, on 61.50 g/t gold over 5.20 metres in hole NFGC-21-360; up-dip holes returned 63.92 g/t over 3.25m and 17.59 g/t over 6.50m. Keats now measures roughly 250m wide by 490m along strike by 307m deep and is open in every direction.
