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.

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New Found Gold Corp > Fosterville in Bullets

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Post by nozzpackon Jun 16, 2024 3:20am

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Post# 36090935

Fosterville in Bullets

Key Milestones

Gold was first discovered in the Fosterville area in 1894 with mining activity continuing until 1903.

• The present-day Fosterville mine started underground mining operations in 2005, initially producing gold from near-surface, low-grade mineralization.

• In 2015, high-grade visible-gold mineralization was intercepted at depth, leading to the discovery of the Eagle Zone and, in 2016, the ultra-high-grade Swan Zone was discovered, eventually transforming Fosterville into one of the world’s richest gold mines.

• In March 2023, Fosterville celebrated the production of its 4 millionth ounce of gold.
Current Gold Reserves amount to 1.7 m ounces at an average grade of 6.1 grams per ton, with a projected mine life to 2033.
New gold Resources continue to be discovered