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 > Q1 2022 Financial Statements

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Comment by megacopperon May 11, 2022 2:47pm

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Post# 34674936

RE:RE:Q1 2022 Financial Statements

Retiredgeo wrote: They had 106 million as of April.

I heard NFG has a burn rate greater than one million bucks a week. Not hard to see with 12 drills turning and 170 employees or more. So they are most likely right around 100 million bucks left in the kitty. Hopefully get some positive drill results soon. The share price has basically been in free fall for a week now but so has everything else.

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