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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 AlwaysLong683on Jul 29, 2021 3:38am
189 Views
Post# 33619657

RE:RE:RE:RE:RE:RE:Lab results from anybody?

RE:RE:RE:RE:RE:RE:Lab results from anybody?
megacopper wrote:

On another note with the drills. The main issue hasn't been availability of drills but rather qualified drillers to operate them. Perhaps that is why NFG has drills sitting ready to go to work but nobody to operate them. Lol It isn't an easy job and it does take considerable time to train a driller. Good qualified helpers go a long ways too. I think I mentioned in a previous post that I was talking to a Rally Driller and he said the owner of the company was considering moving his office and equipment from Sussex, NB to Gander, NL because there is just so much work here on the island for years to come. This discovery by New Found Gold has obviously been a huge game changer. Also, the article below addresses the issue of qualified drillers straight from the owner of New Valley Drilling based in Springdale, NL.  

Mega, thanks for your input as well.

I didn't think a junior gold exploration-stage company would arrange to purchase or rent their own drills and then try to hire hire drill crews separately.

Instead, I thought the gold company hires a drilling company and the drilling company provides both the drill(s) and the crew(s) neeed to operate it, with the gold company and drilling company establishing a contract re.term and total compensation....?

It seems that, unless NFG is paying for the rentals of any idle drills sitting on their property without drillers/crews to operate them, a drilling company would only want to deliver a drill to a site and leave it there if they can also provide the crew to begin operations and earn money, unless say, the drilling company lost employees they thought would do the work and feel it is not worthwhile to remove the drill from the gold company's site as it can't be put to use in any event due to the lack of qualified drill personnel......?



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