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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 Flyderon Feb 03, 2022 9:50am
195 Views
Post# 34392685

RE:Assay results backlog not new

RE:Assay results backlog not newYes, there have been backlogs before, but on this scale?  In the example you gave, they said this:

"...the turnaround for assays had jumped from two weeks to eight."

It's been much longer than that for some of the other area plays.  And how long has it been since NFG sent those 'rush samples' to Australia?  And since those samples cleared customs?   An assay process that takes....what....2 minutes to do?  Wasn't it something like thousands or tens of thousands of samples that could be done in a single day?  At that rate, there should be no backlog at all.  So what's the holdup?
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