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.

TSXV:NFG - Post by User

New Found Gold Corp

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Post by Malpeque2on Jan 29, 2022 8:38am

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Post# 34374154

1 oz per ton

Would be a bit better than Fosterville current production and about the best gold grade mine in the world. Not as good as SWan Zone but Fosterville is pulling from a few different zones in the mine in order to deliver the results we see currently.

I use 10g/tonne as is both looks reasonable close to the average at Golden Joint and in general is a decent profitable grade above the average of an undeground mine in the world today.

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