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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 95Bearcaton May 19, 2021 12:21pm
114 Views
Post# 33230385

RE:RE:RE:RE:Strong bids at the close

RE:RE:RE:RE:Strong bids at the closeI understand that something 43-101 compliant is a long way off. I guess I would like to be able to see some sections with some sort of continuity you can estimate. I am a little late to the party here and it makes you nervous when the MC is $1.3 billion. Just looking at other exploration companies, you would need about 8 million ounces to cover that. However, there is a very small number of shares available and the momentum has kept the price increasing. Gold prices are managing to show some spunk. Hopefully new assays out soon and over the next few months we can stitch it all together.
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