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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 95Bearcaton Oct 03, 2021 6:57pm
462 Views
Post# 33959248

Site Visit

Site VisitI was late to the party with this investment so needless to say, I am down quite a bit. But you don't invest in gold juniors not knowing the risk involved. I actually bought previously, sold at a profit and bought back in, high lol. I live in Central NL. Driving from east to west through Appleton, you can really notice the land cleared and all the rigs drilling on Keats. Driving the opposite direction not so much. I was driving from GFW to the east coast lastSunday, I decided to have a look. Amazing that right off the TCH onto a small industrial park in Appleton,  you pass by a few businesses including a helicopter company and there is the core shack and yard and right behind it is the exploration area. Not much action on Sunday but the area is super organized with all the woods roads named. One thing that struck me was there was not much core in the yard. It just demonstrates how little drilling has been done for this company that has had nearly 2 billion in MC. My point is it is phenomenal that NFG has gotten to this stature this early in the game. Imagine what they will have when the core yard is full in the coming years. This is a longer term investment for me. There is considerable excitement here in Central. Good luck to everyone.
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