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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 Jun 26, 2021 11:17pm
234 Views
Post# 33456929

RE:How soon before Newfoundland #1?

RE:How soon before Newfoundland #1?

likeike wrote: Although Ontario is Canada’s largest producer of gold, out west in British Columbia, the province is fourth only behind Quebec and Nunavut.

British Columbia also hosts the infamous Golden Triangle, situated in the northern region of the province close to the Yukon; however, BC also holds a wide range of gold deposits all throughout and has over 3,380 occurrences in which gold is considered as the primary commodity, according to the Ministry of Energy, Mines and Petroleum Resources of British Columbia.

 


In all honesty I think it will be a very long time before NL dethrones Ontario or Quebec in yearly gold production. It takes decades to build up the kind of production numbers seen in the top few provinces. I'm not 100% sure but I suspect that Ontario and Quebec must produce at least 2 or 3 million ounces of gold each per year. So it will most likely take ten or more years to get to those kind of numbers but Queensway will give NL one h*ll of a start. It's a fun time to be investing in NL gold juniors. Lots of drilling and exploration work ahead of us for years and years as a result of New Found Gold's very impressive high grade gold discovery. 

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