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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. The Company is 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 an 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 also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Bullboard Posts
Comment by BlindBoyon Nov 16, 2020 10:18pm
344 Views
Post# 31912078

RE:Of course they will not mine it

RE:Of course they will not mine ityour rebuttle is more correct than the original post to which you responded, but I don't necessarily agree.  If NFG pans out like Fosterville, which is entirely a possibility, then the normal concept of selling out to a major is not always the objective, since a Fosterville type scenario could evolve into a real company builder.  I recall when (what was then called) American Barrick traded on the (what was then called) the VSE at around $1.50 ... and then they hit the jackpot in Nevada.

As for that 0.35M of super high grade, it's not an isolated intercept; rather, it was the lower portion of that 29.15M intercept which averaged 11.8 g/t, which is a very decent high grade on it's own, for a very decen intercept.  If this NFG proves up as per potential, then you can bet your boots that the 0.35M intercept of 825 g/t will get mined, along with the rest of that 29.15 (minus 0.35M) intercept.
Bullboard Posts