New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.

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New Found Gold Corp > Press release

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Comment by JRafflesUKon Jan 24, 2023 1:24pm

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Post# 35242724

RE:RE:Press release

Agreed - see tech below, used by Hecla

Hecla’s cost structure is highly attractive, one of the lowest in the business, with AISC of $9.97/oz in the second quarter of 2017.
Hecla pursues innovation and automation to keep those costs low. Hecla is automating its Greens Creek project in Alaska. And instead of the pick axes of the past, Hecla’s shaft operators use rock breakers from behind computer screens at the surface.
It is experimenting with mechanical cutting to eliminate the need to drill and blast, which the company believes will revolutionize mining.
Hecla also uses drilling automation that allows for drilling during shift change, significantly reducing the cost and time of drilling.

https://roboticsandautomationnews.com/2017/12/20/how-robots-and-artificial-intelligence-will-transform-the-mining-industry/15489/

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