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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > LAB press release
View:
Post by Retiredgeo on Jul 07, 2022 10:49am

LAB press release

Comment by snooker1797 on Jul 07, 2022 11:40am
Hello Retiredgeo, in your opinion are they to be considered good ?
Comment by Retiredgeo on Jul 07, 2022 12:50pm
LAB is getting the same mineralization NFG is getting but over shorter widths.  A minimum stope width is 1.5 m.  If the ore vein is only 0.5 m wide 2/3 of all the rock removed is going to be waste rock.  That greatly reduces the economic viability of the project.  The really need to find better somewhere on their property.
Comment by snooker1797 on Jul 07, 2022 1:07pm
thanks,  i was thinking that also just wanted a professional opinion as i know very little geology
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