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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 nozzpackon Feb 20, 2024 8:28am
86 Views
Post# 35888428

RE:RE:RE:Nosepicker invents

RE:RE:RE:Nosepicker inventsGimme a break .
Its near identical sulphides .
The time required for due diligence was needed to assess the probability of early mining of one or more QW shallow deposits ....ie internal estimates of resource levels and grades ..and time frame needed for permitting of such an early mining scenario .

In any event, MAE will begin producing HD in 2025 at about 100,000 ounces per year so, earning 8% margin or so on toll milling of NFG ore is not nearly as attractive as using their mills to produce more of their own gold reserves ...or indeed acceeding to any collaborative arrangements with Firefly to accelerate production of their high grade copper lenses currently being drill defined.




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