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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

Post by lithomonon Dec 13, 2021 2:40am
494 Views
Post# 34224025

Synopsis - Dan Warren

Synopsis - Dan WarrenSounds about right & one of the good, well thought out commentary's that probably applies to NFG and possibly several other Gold explorers.  I think we have seen Gold bottom-out for the next several years.
Significant inflation rate is driving several metals like Gold, Lithium, etc.
Perhaps Lithium is more of a scarcity (supply) issue. 
Gold will get there too & eventually there just won't be sufficient physical gold.

It's slow going with the labs (and for good reason, no investor wants a rushed job, but wants a good & accurate result).

NFG likely has sufficient visual and equipment data/information to push forward with well placed drill holes.

Still think an "independently-run" lab located on NFG site would pay huge convenience and benefits to NFG. 
The lab could likely remain a permanent fixture for NFG or suitor for when the Gold deposits are in production.
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