New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Press release

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Comment by nozzpackon Apr 22, 2024 2:42pm

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Post# 36001802

RE:RE:Press release

They could have used that $20 million to fund grade control and stripping of Keats , Iceberg etc advancing them to the MRE stage in preparation for early mining.

So, $20 million for a few good drill holes and yet another area to dilute our drilling budget and our equity.

But, I guess those acquisition bonuses light up the eyes too much..

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle