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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

Comment by DanKWarrenon Oct 14, 2021 2:22pm
164 Views
Post# 34006217

RE:RE:RE:The most inportant part of the latest NR

RE:RE:RE:The most inportant part of the latest NR
megacopper wrote:
likeike wrote: I think that the most inportant part of the latest news release is this:
"Starting at surface the multiple high-grade zones at Keats now cover an overall footprint of approximately 250m in width x 490m along strike x 307m vertical depth and are open in all directions".

And to think how small an area the Fosterville mine is starting at the lower Phoenix. IKE


 


Now you can soon start talking about possibly doubling the resource. I'm surprised by the muted response from the market. The things that make you go hmmmm. 



I'm thinking, given the huge volume on the AMEX yesterday, that it was traders being alerted to high volume and up movement in a stock, in response to a news release that few were able to interpret properly. ......the Stock over reacted to the upside on the AMEX, but not on the Venture. Today, with a much better news release, the AMEX was 'ho hum' on both price, and volume just a small fraction of yesterday's....the traders were burned yesterday.......so, today, they show that they learned their lesson......in spite of a better news release, they have no understanding of NFG, and today's or yesterday's news release......... That's my guess.
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