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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 megacopperon Mar 02, 2022 7:33am
180 Views
Post# 34473954

RE:RE:21-385

RE:RE:21-385

Global1966 wrote: Are you saying instead of one main vein like in Fosterville, there are multiple veins?

I guess the length of each is yet to be determined.

 



There were several zones at Fosterville as well but not nearly as many as what this system at Queensway is delivering. NFG's Queensway gold discovery will be much bigger because the Appleton Fault is so long and the high grade gold starts at surface and not thousands of feet deep.



I think this Appleton Fault will just keep delivering high grade gold over a tremendous strike length and at depth. It's an absolutely incredible gold system. The market will figure it out eventually. Buy more if you can and just wait it out. They keep finding more high grade gold and with the price of gold in a long term bull market it is difficult to see how you can lose owning NFG. 

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