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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

Comment by megacopperon Dec 17, 2020 1:23pm
217 Views
Post# 32129303

RE:RE:RE:Why isn't NFG joining the party today?

RE:RE:RE:Why isn't NFG joining the party today?

porc2019 wrote: LAB results were bad thats why its and NFG  stock is down. Market is questioning "district size"  thesis. 

 

I think LAB is being unfairly punished based on the results they released today. None of the early RAB drilling was on the new discovery of the main vein. I think anyone selling that one will regret it once the diamond drilling starts at the new discovery area. 

And as far as the market questioning district size I think investors should take notice of Sokoman's early success with high grade intersections and although LAB's drill results were disappointing today I think they weren't drilling in the right area. I suspect the main vein discovery will yield much better drill results.  Still very early days in the entire region and I'm more encouraged now than ever before. There is a lot of high grade visible gold across a lot of properties in the region. A lot of companies are in play. 

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