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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 Dixiedeeon Oct 18, 2023 12:03pm
91 Views
Post# 35689165

RE:Excellent news it appears

RE:Excellent news it appears

Evenkeel123 wrote: Melissa Render, VP of Exploration of New Found, stated: “Jackpot is another high-grade, near-surface discovery to add to the growing list of zones at Queensway. Our exploration team is doing a fantastic job targeting and quickly expanding on multiple new discoveries along the Appleton Fault corridor. Located 950m north of Lotto and adjacent to K2, we are encouraged to see such high-caliber results this far east of the AFZ and so far north of Keats, which is located 2.7km to the south. Several assays are pending from Jackpot and work continues to expand on this exciting new discovery.”

OK, #1 - 40% of the holes have no significant value.  Many others are also quite enemic.

#2 - Dear Melissa, drilling is wonderful, but when are shareholders going to get a return on their investment?  How long will it take to put money back in our pockets?
Management seems to be doing fine in that regard.
 
It's a serious question, folks,  when you still have no clue regarding number of ounces that are recoverable, no 43-101 coming ever according to Denis, and the length of time it is going to take to actually get to production grows longer by the day.

Please try to give it an honest guess.  What is the true timeline do you think?

EK

Again you slander the good people at newfoundgold with your comments on 43-101when you know they will not do one until the 500,000 meter drill program is complete and results tabulated and they test some drilling targets with the 3D siemic survey information and why would they put the cart before the horse like you keep suggesting 
 

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