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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

Post by likeikeon Sep 24, 2021 1:04pm
219 Views
Post# 33914521

also on link from snidley

also on link from snidley

I actually agree with you about being more socially responsible. That is why NFGC is important. It is located in a country that has strong environmental regulations in place, not some third world country where they will recklessly mine a property with no concern at all.

Most even bigger, different gold mining has different impacts on the environment. Gold found in large porphyry bodies requires huge open pit mines (Check out the Grasberg Mine in Indonesia on Google Maps!) and horrible extraction processes that require large uses of pollutants such as cyanide, arsenic, etc. Epizonal channels of good in quartz like is found at Queensway are not porphyry bodies and so an equal amount of gold can be mined from a much smaller zone and extraction/separation from the quartz looks completely different - with much lower environmental impacts.

We need mining as the metals that is in the products we use need to come from somewhere. To me, the focus should be on how to do it better and in a more environmentally sound way. That is just one more reason I am intrigued by the use of AI in mining exploration to find better deposits to find the needed metal supplies at a lower environmental cost per mined ounce.


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