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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 BlindBoyon Jan 06, 2021 3:32pm
194 Views
Post# 32235165

RE:RE:Great news

RE:RE:Great newswhen it comes to junior mining stocks, the concept of "euphoria" as being a prequisite for determining the reality (or lack thereof) of a potential "find" is not a necessary ingredient.

Yes, proven spectacular results will ultimately create euphoria, but keep in mind that all too often during the early stage programs the euphoria is "created" by P&D crews (pump & dump) taking advantage of innocent nephyte speculators; i.e., there are lots of crooks who are happy to cater to trust and natural greed to fleece the inexperienced newcomers.

That said, this NFG play is not something to take lightly.  It has tremendous results to date, strong similarities to the most spectacular strike of recent times (Fosterville), shares a common advisor (Quentin Hennigh, who played a large role with Fosterville, and now with NFG and other companies).  Nearby companies sharing the NFG strike trend also appear to provide similar positive preliminary results. 

If suggested possibilities emerge as realities as a result of continued drilling and fieldwork, this trend has district wide (i.e., world class) potential.  Just keep in mind that this is still at a very early stage, so there is a LOT of work to be done to determine where the truth lies. 

However, the scope of the drilling at the this early stage is quite unusual for a junior company, and demonstrates a strong degree of belief in a successful outcome.  Let's just hope that belief is rewarded with the bonanza discovery we're all hoping for.
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