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 > someone needs a hug

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Comment by megacopperon Mar 16, 2022 8:54am

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Post# 34517770

RE:RE:RE:someone needs a hug

eldreco wrote: Ike - you should have said that you bootstrapped this from SIC board. There are many here with holdings in both!

eldreco wrote: No kidding! Tried to find the original post to respond (but couldn't). Maybe you have it marked and can send a virtual hug?

It is what it is...and we are all in the same boat...so don't fret. This too will pass.
el d

likeike wrote:

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March 15, 2022 - 05:58 PM

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Post# 34516702

Anxious

Never have I been so impatient in my investing career for updates from a company lol. Someone please tell me everything is going to be A-Ok

I went through the same feeling of despair awhile back just before they started
releasing more positive drill results. Personally I'm not worried now that it has been confirmed with drilling the high grade gold has been extended 845 meters down plunge on the Keats Zone. And it is still open at depth. They have hit more high grade gold above and below this main zone. So to put that in perspective NFG has already discovered a zone that is similar in size to the Lower Phoenix Gold System at Fosterville that contains the ultra high grade Swan and Eagle Zones. And NFG management were able to do this in only 18 months of drilling. It took years and years of drilling at Fosterville to prove up 2.7 million high grade ounces which is similar to the Keats Zone. And NFG has two other high grade zones with the Golden Joint and Lotto Zones. And there will be more zones at depth and along strike. All zones are still open in all directions. So the outer limits are nowhere close to being found. And now they are getting high grade gold over mineable widths on the JBP Fault. Granted no mind blowing intersections have yet been encountered on that fault but they are just getting started over there.

Something else occurred to me and this is just me thinking outloud without any evidence to back it up. Eric Sprott and AMC Entertainment invested $56 million usd in Hycroft Mining which has an operation in Nevada. I bring this up because you just never know what might be the trigger to cause a stock to heat up. The gold sector is looking much more attractive to a wide range of investors that haven't even considered gold and gold equities before now. There are a lot investors out there looking to invest money and their options will be limited going forward due to the inflation / stagflation similar of the 1970's. Now understand that no two bull runs for the gold sector are the same. Actually I think this long term bull market in the gold sector still has the best to come where we will be seeing new highs on a continuous basis. The price of gold should already be near $4000 an ounce in my view but due to manipulation we sit below $2000 so it has a lot of catching up to do.

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