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 > 43-101

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Comment by eldrecoon May 10, 2022 8:59pm

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Post# 34672587

RE:RE:43-101

While Snidely is dead-right, you now at least have an updated frame-work for the next steps. The new n43-101 puts a lot of issues to rest formally. - and sets the stage for what will happen when the company is ready.

Snidely This isn't defining a maiden resource, it is an update of the prior technical report for Queensway that was done before any drilling had been done. When they do the maiden resource, all those sections of the technical report listed on page 125 will be filled in. That is what Eric Sprott (and others with NFG) have talked about wanting to avoid rushing.

Onwards!
el D

eldreco wrote: Getting their ducks in a row!
el d

lewdogg wrote:
Any idea why this would be done?

https://ceo.ca/content/sedar/NFG-20220510-Technical-report-NI-43-101-English-fdca.pdf