New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Super pit in the making?

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Comment by BlueChipper2020on Jun 30, 2021 12:21pm

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Post# 33473532

RE:RE:Super pit in the making?

diabase1 wrote: are there any open pits in South Africa to compare it to??

There is no super pit and that is years pre-mature. We have no idea on the exact mining method and that is not even being contemplated by NFG as of today. NFG's goal is to define multiple zones of high grade gold and eventually determine a gold resource (likely by zone) and then a global resource. That is certain of what is happening now.

There are many mining methods which could come into play such as several open pits with underground or just underground. I am not a mine engineer however it is not relevant as of today or anytime soon.

BC

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