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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 Maratimeron Dec 08, 2021 3:11pm
136 Views
Post# 34211677

RE:RE:RE:aMaritimer, I hope you don't mind if I copy all of it here

RE:RE:RE:aMaritimer, I hope you don't mind if I copy all of it here

So it looks to me like the MSALAB being commissioned in  Quebec can do at least 40000 tests a month. NFG mentioned somewhere in their last PR that they were in negotiations for 20,000 tests per month. However, the end goal, mentioned a long ways back here, is to get a second MSALAB with Photon Asssay set up right in Gander. Which NFG said they were in discussions for. MSALABS is a subsidiary of Capital Ltd. who is negotiating with the owners of Chrysos for licensing of this process around the world. 

So this all implies the samples NFG sent to Perth have a very good  chance of coming back with even higher levels of detectable gold. Especially as it is nuggety type in some cores and barely visible in others that fire assay may not have picked up all of. 

The last PR said we would be seeing these results over the "coming weeks". They were sent out the end of week Nov 8th or the following week. I've read that Chrysos has a three week turn around time. So I'm hoping to hear something by the end of this week. Just my guesstimate. We'll see. 

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