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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 Aug 04, 2021 11:31am
149 Views
Post# 33648273

RE:Blue Chipper,

RE:Blue Chipper,

braindeadoldguy wrote: Thank you.  I was not comparing, only stating my experience.  Every single play is different.

 


BlueChipper is the voice of reason on this board and is excellent at understanding the fundamentals of mining stocks. The value is there with NFG. They have an extremely high grade gold resource near surface which most likely hosts several Fosterville like Swan Zones that will extend deep down to 1000 meters and beyond. Keats Zone already tracked down dip to 425 meters. But just not two or three zones starting near surface but there will be repeated zones (they already have 15 targets just at Queensway North) along a very long structure (Queensway South is about 80 km long) having the Appleton Fault going the entire length of the property.


For anyone that understands the implications of these positive developments they will make a tremendous amount of money in the coming months and years with NFG. Use the current weakness in the share price to increase your position. That is the best advice I can give. Don't lose sight of the big picture. Never mind the daily fluctuations in the share price because nobody can guess the highs and lows so try and stick with the facts and the overall trend of where this project is headed and the overall trend of the gold sector. I think we will all be amazed at the eventual outcome because behind the scenes everything is coming together nicely for New Found Gold. 

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