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 > It’s so funny

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Comment by lewdoggon Dec 05, 2021 10:16am

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Post# 34199762

RE:It’s so funny

megacopper wrote:
These new guys come on here and make outrageous statements about New Found Gold without knowing all the facts. I'm getting tired of it. Do you think the company would dish out $3.9 million in cash and 458k shares to the 3 Amigos for their NSR on the property if they didn't think it was any good. Give your head a shake. They have ten drills turning now and soon to be 14 drills in a mining friendly jurisdiction right next to the TCH with available power and other infrastructure nearby. It doesn't get any better for an exploration company.

I estimate they have drilled about 500 holes in about 15 months with about 50 holes returning bonanza type grades. These holes have been drilled over a 3 km stretch of the Appleton Fault and about the same over on the JBP Fault 5 km to the east.

The known high grade gold mineralization has been intersected to about a 300 meter vertical depth in several high grade zones all on the eastern side of the Appleton Fault. They are now beginning to drill on the western side of the fault with two drills while seven still remain on the eastern side and one drill over on the JBP Fault.

These two main faults have secondary fractures or splays extending off them that contain most of the high grade gold. It is in this extremely high grade zones that contain a lot of gold in a relatively small amount of rock. This fact means Queensway can be mined cheaply giving huge profits to shareholders. And the favourable fault structures continue through the entire 100 km long property.

This is why Eric Sprott is so heavily invested in New Found Gold as he was in Kirkland Lake who owned the Fosterville mine in Australia.He knows this property is bigger and better than the Fosterville property and will be extremely profitable. Eric Sprott has now accumulated more than 36 million shares and will be buying more. I predict his investment in NFG will eventually be worth more than one billion dollars. Don't believe it? Stick around and watch what happens.

It's the same person with multiple accounts. This person continues to push the same things on SH and CEO.

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