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.

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New Found Gold Corp > QH

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Comment by eldrecoon Mar 05, 2022 9:15pm

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Post# 34487518

RE:RE:RE:QH

I am so glad that you are not claiming to be Dog...when you can't even spell it properly! LOL

GGG is big on this...Fosterville never released a Resource estimate that was more than +2 mil ounces...which they would mine...and then come up with yet another 2 mill ounces. Magic! Has been going on for years....and has made a lot of the old do-re-mi in the process.

So, I totally agree with what you say, Braindead, it is a real conundrum with this nuggety stuff. But I am not running away...how about you?
el d

braindeadoldguy wrote: Alright, a stupid question maybe, but how can you 43-101 a resource that is orogenic in nature,
being sectioned up all kinds of ways, narrow high grade with strips of low or no grade inbetween,
and who know how the geology looks. It sounds like a very difficult thing to do, and perhaps why
Fosteville never put out a resource estimate of more then 2 million ounces at a time.

To say there is X number of ounces is a tough call, I think, but I am no goe. This has to be a new experience for someone, or let's say for all of them involved.

Cheers