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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 geomineron Aug 10, 2023 11:47pm
134 Views
Post# 35583182

RE:RE:RE:There is nothing complicated in mining the Keats main zone

RE:RE:RE:There is nothing complicated in mining the Keats main zonethe keats west zone certainly looks like it could be an open pit mining operation. maybe not a big open pit but but it is looking good for that type of mining. The other areas look like cut and fill mining with a 2 meter minimum drift size. with the average grade nfg has encountered to date this should be a very profitable mining operation. Having looked at the 43-101 report they put out a while ago if you look at the core that was analyzed in gold bearing zones it is very impressive. very good grades. the true thickness are not mentioned since they were talking about core analyzed . there will be dilution on mining and recovery that  factors have to be considered  but overall you have to think they will be mining a very good grade and start mining at a very shallow depth. how many adits and entry points to access the ore remains to be seen but this is looking like nfg is going to be mining a lot of gold at relatively cheap operating costs. 









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