Past year: ▼ 27%(1.36 – 2.97 USD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Mar 2024drilling result▲ GoodMajor
Sixty-one holes at Iceberg and Iceberg East, 300m northeast of Keats, returned 36 g/t gold over 16.7m, 34 g/t over 14.7m, 43 g/t over 7.35m and 41 g/t over 5.85m. The program aimed to infill gaps, extend high grade to surface and test opposing vein orientations.
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.
14 Feb 2024drilling result▲ Good
Nineteen holes at Iceberg East were reported, led by 7.56 g/t gold over 13.35m (NFGC-23-1235) and 15.38 g/t over 5.05m (NFGC-23-1608). The company says the near-surface high-grade Iceberg-Iceberg East segment is now 655m, up 85m from the 570m reported in 2023, and with the 400m Keats Main segment the high-grade corridor covers over 1km. The wider Keats-Baseline Fault Zone is still drill-defined over 1.9km. The company calls the first phase of near-surface drilling at Iceberg East complete and says deeper drilling will use the recently acquired seismic data, which resolves the earlier thread about seismic guiding deeper work only in that it is now to be used (no seismic results are given here). About 3,000m of core is pending assay in the 650,000m program. The headline's '56 g/t' is a truncation of 7.56 g/t.
31 Jan 2024drilling result▲ Good
Twenty-nine holes at K2 (725m north of Lotto, first reported 10 May 2023) were reported, led by 27.49 g/t gold over 7.00m (NFGC-23-1729) and 8.69 g/t over 12.25m (NFGC-23-1786), both 22-43m from surface and close to true width. This builds on the 3.23 g/t over 5.60m K2 interval from 5 Sep 2023. The company says K2 now spans 490m long by 395m wide, is drill-defined to 250m vertical depth and remains open below that. Highlights are near surface (above 65m). The headline's '5 g/t' is a truncation of 27.5 g/t. No resource or economic evaluation is stated in the visible text (the filing is truncated).
10 Jan 2024drilling result▲ GoodMajor
Sixteen holes at the new Honeypot discovery, 230m north of Jackpot and 1.3km north of Lotto, returned 26.35 g/t gold over 7.65m (NFGC-23-1810) and 23.05 g/t over 5.25m (NFGC-23-1931). The fault was drill-defined over 280m of strike and 190m depth. The drill program was now cited as 650,000m, with cash of about $57.3 million.
25 Oct 2023drilling result▲ Good
Twenty-three more Iceberg and Iceberg East holes were reported, led by 14.00 g/t gold over 9.05m (NFGC-23-1088, 23m from surface, 16m up-dip of the 5 June 105 g/t over 27.05m hole), 32.37 g/t over 2.55m and 6.65 g/t over 10.10m, all at 23-65m vertical depth. The company restates the 570m near-surface high-grade segment, the nearly 1km high-grade corridor with Keats Main and the 1.9km drill-defined corridor, so the zone is not lengthened. Step-out drilling east of the Road Zone is under way and deeper drilling awaits the 3D seismic. Many holes had no significant values. About 32,000m of core is pending assay and the company states there is no resource or economic evaluation. The headline's '55m' is a truncation of 10.10m/other figures.
23 Oct 2023drilling result▲ Good
Thirty-seven holes at Golden Joint, 1km north of Keats, were reported, led by 66.16 g/t gold over 2.65m (NFGC-23-1482, about 14m below surface), 24.01 g/t over 2.10m in the same hole, and 16.54 g/t over 7.40m (NFGC-23-1535). Using a barge-supported drill, the company says it filled a previously unreachable 100m vertical gap, so Golden Joint is now drill-defined from surface to 385m vertical depth over 250m of strike. The shallow infill program is complete with several assays pending; further drilling at depth is planned after the 3D seismic results. Many holes had no significant values or only low grades. About 32,000m of core is pending assay and the company states there is no resource or economic evaluation. The headline's '5 g/t' is a truncation; the text gives 67.5 g/t over 2.65m in NFGC-23-1585 (the headline's first figure).
18 Oct 2023drilling result▲ Good
Thirty holes at Jackpot and the east-side grid expand Jackpot to 185m of mineralised strike and 205m depth, within a Jackpot Fault of 345m east-west strike. The best results were 51.93 g/t gold over 2.85m (NFGC-23-1447) and 31.50 g/t over 2.50m (NFGC-23-1574). The company defines a high-grade segment over 75m of strike from surface to 100m depth. This builds on the 22 June discovery hole and the 5 September follow-up (146.67 g/t over 2.70m and 118.73 g/t over 4.10m). The company says Jackpot is open in all directions and several assays are pending. The headline's '85m' is a truncation of the 185m strike. Many holes, including the east grid holes, had no significant values. About 32,000m of core is pending assay, up from about 30,200m on 4 October, and the company states there are no resources or economic evaluations.
4 Oct 2023drilling result▲ Good
Sixteen holes at Keats West and Keats North were reported. Hole NFGC-22-931 returned 17.09 g/t gold over 11.35m, 26m down-dip of the 42.6 g/t over 32m hole from November 2022, and 1.82 g/t over 40m a further 25m to the southwest. Keats North returned 6.17 g/t over 7.90m (NFGC-23-1465) and 1.19 g/t over 12.45m. The Keats West footprint is unchanged at 305m by 315m and all above 130m depth. The company says seismic data over the coming months should show what lies below the Keats-Iceberg-Keats West triangle. The headline's '1 g/t' is a truncation of 17.1 g/t. About 30,200m of core is pending assay, and the company states there are no resources or economic evaluations. The release also gives an ATM (share-sale facility) update: 4,052,453 shares issued from the August 2022 start to 30 September 2023 at an average of C$6.30. That compares with 1,991,218 shares to 30 June, so roughly 2.06 million shares were issued in the third quarter (my arithmetic, not stated in the visible text).
28 Sept 2023drilling result▲ Good
Eleven Keats West holes were reported, led by 3.29 g/t gold over 42.35m (NFGC-23-1129) and 2.19 g/t over 37.30m plus 1.73 g/t over 24.00m (NFGC-23-1091). All three are about 30m from surface and 80m along strike from the 42.6 g/t over 32.00m hole from November 2022, and they fill gaps in the main part of the zone. The footprint is unchanged at 305m by 315m, averaging 30m thick and all above 130m vertical depth, so this fills in rather than extends the zone. The headline's '29 g/t' is a truncation of 3.29 g/t. About 37,500m of core is pending assay. Cash and marketable securities are stated at about $39.5 million as of September 2023, down from about $47.5 million in August. The company again states there are no resources or economic evaluations.
20 Sept 2023drilling result▲ Good
Thirty-one holes followed up the 421 Zone, led by 17.83 g/t gold over 8.30m (NFGC-23-1130). It was drilled 65m up-plunge of the 11.5 g/t over 8.90m hole from 24 July and 88m along strike from the 101 g/t over 2.75m hole. The three intervals now span a high-grade area about 90m wide at 70-130m vertical depth, up from the 75m reported in July. The release also covers the first-ever drilling at the historic Grouse Zone, 2.7km south of Keats, where the best result was 3.56 g/t over 4.90m. The company says it spans 100m of strike from surface to 80m depth, and it extends the Appleton Fault Zone gold footprint 2.7km south of Keats. The headline's '8 g/t' is a truncation of 17.8 g/t. Many holes had no significant values or only low grades, and about 37,700m of core is pending assay.
13 Sept 2023drilling result▲ Good
Thirty-one holes at Iceberg and Iceberg East were reported, led by 46.81 g/t gold over 10.55m (NFGC-23-1541) and 114.52 g/t over 4.10m (NFGC-23-1570), both at Iceberg East. The company says these define a continuous near-surface high-grade segment of 570m, which with the 400m high-grade segment at Keats Main outlines a corridor of nearly 1km, within the 1.9km drill-defined Keats-Iceberg-Iceberg East corridor. A broad 1.34 g/t over 44.10m interval at Iceberg extends the broad domain down-dip to 105m, 55m below the 5 June 105 g/t hole. The headline's '55M' is a truncation of 10.55m. Many holes had no significant values. About 36,600m of core is pending assay, and there is no resource or economic evaluation.
5 Sept 2023drilling result▲ GoodMajor
Follow-up drilling at Jackpot, the single-hole discovery reported on 22 June 2023, returned 146.67 g/t gold over 2.70m (NFGC-23-1423) and 118.73 g/t over 4.10m (NFGC-23-1425), 15m along strike and 20m down-dip of the discovery hole, all at 20-40m vertical depth. This is the follow-up the earlier release said was pending, and it confirms the high grade beyond one hole. The company interprets Jackpot as an east-west, steeply north-dipping fault with coarse visible gold, open in all directions. The same release covers Everest grid holes (best 18.60 g/t over 2.75m) and a K2 interval of 3.23 g/t over 5.60m; many of the 30 holes had no significant values. About 36,400m of core is pending assay, and there is no resource.
22 Aug 2023drilling result▲ Good
Fifteen more Iceberg and Iceberg East holes were reported, led by 86.86 g/t gold over 5.30m (NFGC-23-1395, including 456 g/t over 1.00m) and 29.36 g/t over 7.75m (NFGC-23-1380). These were drilled to fill the 100m gap between Iceberg and Iceberg East, which the company says now links the two zones over the same 665m of drill-defined strike, so this fills in rather than lengthens the zone. The headline's '9 g/t' is a truncation of 86.9 g/t. Both zones are said to remain open, several intervals are pending, and about 41,500m of core is awaiting assay. Cash and marketable securities are stated as about $47.5 million as of August 2023, and there is still no resource or economic evaluation.
17 Aug 2023drilling result● Neutral
Sixteen more Keats West holes were reported, led by 5.81 g/t gold over 30.05m in hole NFGC-23-1149, about 60m below surface and 110m down-dip of the 18.9 g/t over 15.95m hole from November 2022. A further hole hit 7.01 g/t over 10.45m, 130m down-dip of that. The headline reads '81 g/t' on the filing but the text gives 5.81 g/t. The footprint is unchanged at 305m by 315m, averaging 30m thick and all above 130m vertical depth; several holes had no significant values. About 42,900m of core is pending assay and the company again states there is no resource or economic evaluation.
16 Aug 2023drilling result▲ Good
Sixteen more holes at Iceberg and Iceberg East included 40.86 g/t gold over 5.20m (NFGC-23-1154, 25m below surface, 50m along strike from the 5 June 105 g/t hole) and 12.51 g/t over 10.45m (NFGC-23-1402), which fills a 100m drilling gap between Iceberg and Iceberg East. The combined strike stays at 665m, so this fills in rather than lengthens the zone. Many of the 16 holes had no significant values or only low grades of about 1-3 g/t. The company says both zones remain open and several intervals are pending. About 42,900m of core is pending assay, down from about 50,495m on 19 July and 48,700m on 24 July, and the filing states there is no resource or economic evaluation.
24 July 2023drilling result▲ Good
Eight holes followed up the 421 Zone, a structure at the south end of Keats Main first discovered in April 2022, and returned 100.65 g/t gold over 2.75m (NFGC-23-1089, including 549.19 g/t over 0.50m) and 11.50 g/t over 8.90m (NFGC-23-1182). With the earlier 4.59 g/t over 14.90m hole (January 2023), the three intervals span a 75m-long area at 85-130m vertical depth. The company says 421 intersects the Keats-Baseline Fault. Several other holes returned only low grades of about 1-6 g/t. Cash and marketable securities are about $47 million as of July 2023, about 48,700m of core is pending assay, and the filing states there is no resource.
19 July 2023drilling result▲ Good
Seven more Keats West holes included 4.43 g/t gold over 43.40m (NFGC-22-1010) and 5.05 g/t over 11.70m at surface (NFGC-22-1027), which the company says adds 65m and lengthens Keats West to 315m of strike (from 250m). The release also describes the area as 305m by 315m, averaging 30m thick, still all above 130m vertical depth; two of the seven holes had no significant values. Drilling continues at Keats West, K2, Monte Carlo and a grid program west of the Appleton Fault Zone. Cash and marketable securities are stated as about $47 million as of July 2023 (about $52 million in June), and about 50,495m of core is pending assay. The company again states there is no resource or economic evaluation.
5 July 2023drilling result▲ Good
Five more Iceberg and Iceberg East holes were reported, led by 14.54 g/t gold over 27.80m (NFGC-23-1312, about 70m from surface, 50m along strike from the 5 June 105 g/t over 27.05m hole) and 34.59 g/t over 5.30m in the same hole. Hole NFGC-23-1306 returned 33.07 g/t over 4.80m, 39.23 g/t over 4.30m and 9.72 g/t over 20.25m, and Iceberg East hole 1293 returned 4.49 g/t over 6.00m, 50m along strike from the 31 May 21.7 g/t hole. The headline's "5 g/t over 27.8m" is a truncation; the text gives 14.5 g/t. Nothing is said to lengthen the zone beyond the earlier 665m. About 57,000m of core is pending assay, and the company again states there is no resource or economic evaluation. The filing also gives an ATM (share-sale facility) update: 1,991,218 shares issued since the Aug 2022 start at an average C$6.217, including 1,490,989 shares from 1 April to 30 June 2023 at about C$6.593 for gross proceeds of C$9,830,470.79 (net C$9,599,431.53; commission C$231,016.06).
28 June 2023drilling result▲ Good
Five more holes at Iceberg and Iceberg East included 30.79 g/t gold over 7.95m at Iceberg (NFGC-23-1279, about 60m from surface, 85m along strike from the 5 June 105 g/t hole) and 15.45 g/t over 7.55m at Iceberg East (NFGC-23-1274, a 55m step-out from the 21.7 g/t hole of 31 May). The Iceberg-Iceberg East strike length stays at 665m and the Keats corridor at 1.9km, so this fills in the zone rather than lengthening it. About 61,000m of core is pending assay, cash and marketable securities are about $52 million, and the company again states there is no resource or economic evaluation.
22 June 2023drilling result▲ GoodMajor
One hole (NFGC-23-1292) found a new zone called Jackpot, with 95.71 g/t gold over 3.25m (including 352.58 g/t over 0.85m) at about 20m vertical depth. It lies 2.5km north of Keats, 950m north of Lotto and 280m east of the Appleton Fault Zone. The company describes it as a brittle fault zone laced with coarse visible gold and the sixteenth near-surface zone along a 4.1km stretch of Appleton North. This rests on a single hole, and a follow-up program is under way with several intervals pending assay. About 61,300m of core is pending, and there is still no resource.
20 June 2023drilling result▲ Good
Twenty-three holes around Knob, about 2km south of Keats, found 49.45 g/t gold over 2.30m at the Rocket vein (hole NFGC-22-950) and 20.15 g/t over 3.35m at Quarry (NFGC-22-906). Rocket was first reported on 18 January 2023, and this hit is 48m along strike of that earlier 12.6 g/t over 4.45m, at about 20m vertical depth. Most other holes in the table returned nothing significant or only low grades of roughly 1-3 g/t. The company says it plans to drill west of the Appleton Fault Zone near Knob. About 61,300m of core is pending assay, and there is no resource.
15 June 2023drilling result▲ Good
Ten more holes at the Iceberg discovery included 40.55 g/t gold over 8.70m (NFGC-23-1286) and 33.28 g/t over 6.70m (NFGC-23-1264). Both are 50m along strike from the 105 g/t over 27.05m hole the company reported on 5 June 2023, which is not in this record. A step-out at Iceberg East (4.66 g/t over 2.70m) lengthens Iceberg plus Iceberg East to 665m, up from 550m on 31 May, and the company puts the Keats-Iceberg-Iceberg East corridor at 1.9km. Two of the ten holes had no significant values, about 59,250m of core is still awaiting assay, cash and marketable securities are about $52 million, and the company again says there is no resource or economic evaluation.
14 June 2023drilling result● Neutral
Nine further Keats West holes were reported, including 5.57 g/t gold over 16.30m (hole NFGC-23-1197) and 3.27 g/t over 15.05m plus 1.61 g/t over 17.50m (hole NFGC-23-1211); three of the nine holes had no significant values. The footprint is unchanged at 305m by 250m, averaging 30m thick, and the company says it is also drilling a grid west of the Appleton Fault and following up discoveries it calls K2 and Monte Carlo. This is the first mention of Monte Carlo in this record, earlier than the 2024 date in the running notes. Cash and marketable securities are stated as about $52 million as of June 2023 (about $60 million in May), about 59,250m of core is pending assay, and there is no resource.
31 May 2023drilling result▲ GoodMajor
Thirteen follow-up holes extended the Iceberg discovery to a drill-defined 550m of strike, which the company calls a ten-fold increase on the 4 April extent. A 375m step-out east-northeast, named Iceberg East, hit 21.7 g/t gold over 4.45m about 54m from surface, and a 110m step-out west-southwest hit 19.6 g/t over 5.25m at 137m vertical depth. The company says the Keats-Baseline Fault now has 1.8km of defined mineralised strike between Iceberg and Keats, open in all directions; several of the 13 holes had no significant values. About 60,800m of core is pending assay, and no economic evaluation or resource exists.
17 May 2023drilling result▲ Good
Nine more Keats West holes were reported, led by 5.16 g/t gold over 28.65m (hole NFGC-23-1171) and 4.02 g/t over 14.65m (hole NFGC-23-1189), mostly broad lower-grade intervals of 1-3 g/t. The company says all Keats West intercepts so far lie above 130m vertical depth, over an area 305m long by 250m wide averaging 30m thick, which is a firmer description of the same footprint as before rather than a new extension. Cash and marketable securities are stated as about $60 million as of May 2023 (about $64 million in the 25 April release), and about 64,400m of core is pending assay; there is still no resource.
25 Apr 2023drilling result▲ Good
Five more Keats West holes included 17.23 g/t gold over 22.90m and 12.00 g/t over 18.40m in hole NFGC-22-1040, which sits between two earlier Keats West holes (90m down-dip of the 42.6 g/t over 32m hole from Nov 2022, 45m up-dip of the 10.1 g/t over 22.5m hole from March 2023). The headline on the filing reads "2 g/t", but the text gives 17.2 g/t. Keats West is now 250m along strike and 305m down-dip, averaging 30m thick, with two of the five holes returning nothing significant. The company says there are still no resources or reserves, and about 62,300m of core is pending assay.
18 Apr 2023drilling result▲ Good
Results from 25 holes at Keats West and Keats North lengthened Keats West to 250m of strike (up from 200m), with 4.27 g/t gold over 31.55m in hole NFGC-22-911. Keats North, between Keats West and Iceberg, returned several 2-3m intercepts of 10-18 g/t, and many holes in this release had no significant values. About 60,600m of core is pending assay, up from about 55,772m on 4 April, and the filing states there is no resource.
