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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 DanWarrenon Jun 20, 2024 8:29am
85 Views
Post# 36097479

RE:RE:A PEA / MRE without Trial Mining has little value

RE:RE:A PEA / MRE without Trial Mining has little valueSGD proved up 7 million oz.......but, it's WAY in the wilderness, HUNDREDS of km from the nearest road in the Yukon! No electric lines anywhere near....how many oz do they need to prove to make it a viable commercial deposit given the huge infrastructure costs they will have, and getting work crews in to stay for two weeks at a time....and what about winter...shut down in winter?

NFG has NONE of those peoblems.

NFG has the Trans Canadian Highwpeople's.

g thru North Queensway, forestry roads croscutting the entire property, a ten thousand people town of Gander a few miles away, with experienced workers in mining. Electric Trans line cutting across the Queensway property in a few places, particularly next to the Trans Canadian HWY.

The comparisons are stark. NFG head and shoulders above SGD. 
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