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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 Retiredgeoon Apr 25, 2023 11:52am
48 Views
Post# 35412526

RE:RE:Press release

RE:RE:Press releaseMaterial information is information which relates to a material change in the company's wealth or status.  More of the same doesn't qualify.  A huge pile of negative results might qualify if they undermine previous positive results.  By themselves negative results change nothing.

In the past they have released piles of background results which they had been sitting on.  I call such press releases bookekeeping press releases.  Everything gets released eventually.

In my opinion you are giving the assay labs too much credit.  NFG has gone for months without new results because the assay labs were backed up.  During one such drought they released ~50 miscellaneous holes which discovered very little.
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