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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. The Company is 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 an 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 also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Post by farmboy75on Aug 12, 2021 12:29am
248 Views
Post# 33690105

Two scenarios as I see it

Two scenarios as I see itAfter the flood of assay results earlier this year, I am having a hard time to believe there are no assays to report in almost a month now. Wether the results be poor, only fair or great like the earlier results we were recieving almost weekly, we should have got some reports back by now. I know all the labs are overloaded and backed up, but did all the lab guys take their holidays at the same time? And as it was pointed out by previous posts that a company upon recieving assay results must report them to the public to fairly share information to all investors. But if the core is held back for whatever reason from the assay labs ,that information remains in house. I am not a geoligist by any means but I have seen and handled lots of gold underground, and could easily tell great core from not so great core.And before any of you ask, no, none stuck to my fingers. So are assay results slow to come because no core was good enough to send to the " backed up labs" ,or is some pretty core held back to coincide with US listing. And I have witnessed slow assay reporting when LSG was being sold secretly from shareholders while sitting on great drill results from the new 144 zone. Those assay results magicaly popped up a few days after the takeover. Now dont get me wrong I have great faith in this project and am glad to be aboard. And I have been wrong before, just ask any of my three ex wives. GLTAL
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