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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 Oct 05, 2021 12:13am
190 Views
Post# 33965578

RE:RE:RE:Site Visit

RE:RE:RE:Site Visit

95Bearcat wrote: Sorry I confused you GGG, but maybe you should read my post again. The core storage area certainly has whatever core they have generated to date but they have just started drilling. There is a lot of empty space to fill up which they seem determined to do. Also I said NFG has had nearly $2 billion in MC, which I don't think LAB or Exploits comes close to being confused with. 

 


Mr. Bearcat the drill core out in the Appleton yard that you saw is just a small staging area for the core coming straight out of the holes before it goes to Gander for logging and splitting. The New Found Gold exploration project is one of the largest in Canada. The facility at the Appleton Industrial Park is only part of the process. I hope that helps.


And for the people getting confused about how much drill core gets assayed and how much they have drilled and are trying to add up all the numbers. Give it up because not all the drill core gets assayed. Only the stuff that the geologists want to get assayed will get assayed. Yes they might drill 200k meters but perhaps they will only assay half of it or even less than half. You don't waste money assaying drill core that the geologists know doesn't have gold in it. It is very easy to tell the good stuff from the not so good stuff. Lol

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