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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 Gangstermeon Dec 12, 2021 7:50pm
178 Views
Post# 34223694

RE:RE:RE:RE:Great Bear vs New Found Gold

RE:RE:RE:RE:Great Bear vs New Found Gold

You are confusing...You really mean low grade ore and not low grade gold. It is the amount of gold in a certain amount of rock that determines the grade of ore not the grade of gold. Yes, NFG has a high grade ore, not a high grade gold. And any mine is made up of a mineral that can be mined at a time and a place, safely, and profitably. 
This is located in a very mineable friendly area close to infrastructure. And the "grade of the ore and the width of the intersections as well as the depth" make this very likely an extremely valuable property, especially as the likely extent of the deposit that can eventually be mined at a huge profit is vast. It appears very likely that there will be several shafts in this area either easing to one or many mining operations.
 

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