The Northern Miner edited the November 7 interview with Colin as follows....
New Found Gold (TSXV: NFG; NYSE: NFGC) say it’s exploring the possibility of using an existing mill on the island of Newfoundland & Labrador for gold mineralization found at Queensway.
If the Vancouver-based company goes ahead with the plan, it will need to prepare a preliminary economic assessment, CEO Collin Kettell said by phone on Tuesday. ( The original article stated that he expected to have this PEA by exit Q2/24 )
The study would evaluate sending truckloads from the Queensway project in central Newfoundland to the idled Maritime Resources (TSXV: MAE) Pine Cove mill 250 km away, he said.
“We’re in the very early stages of looking at ways in which we can advance Queensway,” Kettell said. “This may include looking at relying on existing infrastructure on the island.”
( All references to existing internal scoping estimates were Removed )
Note that ESG requirements make using existing infrastructure as the first priority.
No processing of NL metals are allowed while surplus capacity exists in NL
So, its either invoke the MOU, acquire MAE or attempt to get permits to build its own mine.
Good Luck with the latter option ...