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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 Snidelyon Sep 25, 2021 9:20pm
158 Views
Post# 33920045

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New Found Gold ($NFGC, $NFG.V) - Biggest New Gold Play in Ca

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New Found Gold ($NFGC, $NFG.V) - Biggest New Gold Play in CaThey will certainly be doing another equity raise within a year - unless gold tanks or some other major market disruption occurs.  But if they are not able to do a raise within a year, they could pretty easily stretch things out for 2 years by scaling back winter operations, slowing down some of the driling and testing, and being more judicious on where they are drilling.  They are also putting a ton of work into environmental and other permitting (which is usually done when the PFS is relesed).  But they seem to be getting a jump start on permitting, but that could be scaled back too if they needed to delay their next raise.
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