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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 eldrecoon Jul 23, 2021 1:11pm
214 Views
Post# 33596590

RE:RE:Core samples - Chrysos

RE:RE:Core samples - Chrysos Ike,

I agree with you - when proven, this tech could change the entire industry.  That being said, you can appreciate why the boys at Chrysos are taking it slow - and being cautious (because if they screw up early, it will take years to regain market confidence).  There is just too much money - and too much expectation involved - to risk going off half-cocked.  I commend them for this.

Quinton did say that the process does not (yet) work well with diesel-generated power - so the samples are sent from Pilbara to Perth Labs (where he has dibs on two machines) for assay.  Seems roundabout - but his early support is helping Chrysos to define and refine the units - to the point that it will be the gamechanger that we think it will be.  I did ask them if they had shares available (in for a penny...in for a pound...I'm interested!) - they were very nice and mentioned an upcoming IPO (no dates or word back yet).

Now NFG (and it would seem, most other Newfoundland explorers) have the benefit of grid power - so not the same logistical problem as Pilbara BUT we are halfway around the world...so everyone will want the process bullet-proof before committing...these are not cheap machines - and the companies that will rely on the data must have total confidence.
Hope this helps,
El D
 
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