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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 May 12, 2021 7:07pm
194 Views
Post# 33188539

RE:RE:Here are my thoughts on NFG

RE:RE:Here are my thoughts on NFGWell nobody knows for sure the ultimate amount of gold that will be found but I think the Queensway North property alone will end up being well north of 10 million ounces. They may actually prove that much just at the Keats Zone as they continue to expand north, south and at depth. We figured Fosterville went down to a depth of at least 1500 meters and NFG is only down about 300 meters so far. So just do the math and you can easily see 10 million plus ounces on the Keats Zone. And If you look at the other zones and add in the Queensway South potential well looking out 3 to 5 years yes I think tens of millions of ounces of gold will be proven and possibly looking out 20 to 30 years you could end up with 50 to 100 million ounces of gold. I know these are crazy numbers but it's that good. I am definitely getting excited now. Go NFG!!!
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