New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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.

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New Found Gold Corp > Deepest open Pit 1,200m

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Comment by Snidelyon Oct 18, 2021 9:15am

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Post# 34017274

RE:RE:RE:Deepest open Pit 1,200m

I agree. Over 2.3km, 3 (maybe 4) shafts should be sufficient. Get in there and go chase the quartz veins. By the time it is done, it will look like an ant colony...

Retiredgeo wrote: Theoretically, if they find enough of these gold veins from Keates to Lotto they could open pit everything. I doubt that will be the case. I envision three shafts serving a maze a tunnels following the veins. This kind of mining has worked well for thousands of years (ie. Laurion, Greece). It will work well on the rock, although slaves will have to be replaced by robots.

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