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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

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.


TSXV:NFG - Post by User

Comment by BlindBoyon Nov 03, 2020 4:06pm
126 Views
Post# 31831360

RE:RE:POG

RE:RE:POGIt depends on what yardstick you are using to determine the "top 10".  If you use lowest AISC, then the #1 gold mine in the world (by a comfortable margin) is Fosterville, in Australia.

That is also the geologic model that Quentin Hennigh says NFG appears to closely approximate, so if the drilling proves up the concept, then NFG may indeed scale the ranks of the top mines.  On top of that, the small amount of drilling they've conducted so far has encountered the high grade at much shallower depths than was the case at Fosterville.

Most of the major mines in South Africa are now very deep, even up to several thousand metres deep.
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