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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 likeikeon Oct 15, 2021 7:58pm
176 Views
Post# 34012555

ceo

ceoWell where did they get the idea to look at ore sorting?

A lot of you guys keep saying it will be 10 years to mine but just look how fast KL was

mining before it finished defining a resource.



@JustJT Toll mining diminishes the resource to a point that is not known...it would not yield a valuation commensurate with the tolls paid.
 
2
 
@alwil106 Even at 45g/t, I did some rough calculations to truck the ore to Maritime Resources and it seemed very profitable at the time, it also pricked QH thought process. The Big boys and their agents could already be sniffing around NFG as we speak, it is a very special discovery.
 
2
 
@lotionboy Might be a dumb question are there any mills in the area that are suitable that could he bought out?
 
1
 
@alwil106 Dec 23, 2020 Maritime Resources Signs Letter Of Intent To Purchase The Nugget Pond Gold Plant. It isn't in use at the moment, Maritime is experimenting with a sorting machine
@JustJT Toll mining diminishes the resource to a point that is not known...it would not yield a valuation commensurate with the tolls paid.
 
2
 
@alwil106 Even at 45g/t, I did some rough calculations to truck the ore to Maritime Resources and it seemed very profitable at the time, it also pricked QH thought process. The Big boys and their agents could already be sniffing around NFG as we speak, it is a very special discovery.
 
2
 
@lotionboy Might be a dumb question are there any mills in the area that are suitable that could he bought out?
 
1
 
@alwil106 Dec 23, 2020 Maritime Resources Signs Letter Of Intent To Purchase The Nugget Pond Gold Plant. It isn't in use at the moment, Maritime is experimenting with a sorting machine

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