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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

Post by likeikeon Jun 22, 2022 9:57am
199 Views
Post# 34773617

ceo

ceo
@lonewolf510 What is everyone looking at here for a maiden resource? > 5 Million oz Au?
 
0
 
@dougrroyce @Lonewolf510 after the full 400,000m there will be at least 10M ozs.
 
1
 
@alwil106 The thing is it's not the drill that produces the gold but the gold which produces the drill results, at present I reckon 5m at Keats plus the others, the second 200m probably wont be as good as the first, you need to get deeper down into the system, but consider this, if they only had 1m oz NFG would still be worth a lot more than C$7 a share.
 
1
 
@RealMoney @alwil106, indeed, the key word is deep. How long to finish given lab operation and target definition from SPOT? No one knows. Video 5 is what I am expecting to watch for the clue. The drill report frequency changes to 2 to3 weeks instead of weekly. The significant deep findings and confirmations will help

@lonewolf510 What is everyone looking at here for a maiden resource? > 5 Million oz Au?
 
0
 
@dougrroyce @Lonewolf510 after the full 400,000m there will be at least 10M ozs.
 
1
 
@alwil106 The thing is it's not the drill that produces the gold but the gold which produces the drill results, at present I reckon 5m at Keats plus the others, the second 200m probably wont be as good as the first, you need to get deeper down into the system, but consider this, if they only had 1m oz NFG would still be worth a lot more than C$7 a share.
 
1
 
@RealMoney @alwil106, indeed, the key word is deep. How long to finish given lab operation and target definition from SPOT? No one knows. Video 5 is what I am expecting to watch for the clue. The drill report frequency changes to 2 to3 weeks instead of weekly. The significant deep findings and confirmations will help

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