Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 megacopperon Dec 15, 2021 10:00am
137 Views
Post# 34232383

RE:RE:Update on Queensway

RE:RE:Update on Queensway

Kewl002 wrote: An EXTREMELY positive update imo, with a timeline of asap for the Australian assays, resumption of Cdn assay results in January/22 and confirmation of both Chrysos in Quebec and Chrysos in Newfoundland to come. 

Our only known major operational issue has been ability to obtain assays when all of the Cdn laboratories are overly swamped with work -- NFG mgmt today confirmed an aggressive action plan to work our way out of this bottleneck with 70% of the "existing" drill program still to-go.

After the mechanics are in place -- we should see multi-assay PR's monthly just to catch up on what is already in the queue. We want ACCURATE assays results not RUSHED ones!

Old saying - Rome wasn't built in a day -- well neither will NFG -- but all these improvements at this early stage of our developement will only make the end result more magnificent!

 


Well it's positive news but unfortunately it's not the news the market was looking for. The market doesn't like uncertainty and nothing has been resolved from my point of view. Not that this assay bias is a big deal but it's a dark cloud hanging over the project and most of us intelligent investors know this is just a temporary set back, however there are many that just decide to sell and look elsewhere. Oh well I can wait. There is lots of gold in the ground so eventually the share price will take care of itself and move much higher. 

<< Previous
Bullboard Posts
Next >>