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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

Comment by Retiredgeoon Jun 24, 2022 6:00am
196 Views
Post# 34779434

RE:Is this still Fosterville......

RE:Is this still Fosterville......Queensway north will be far better than Fosterville in time.  It is still in the very early stages and the bucket loads of cash are still years away.

QH divested himself of NFG for personal reasons.  He is still a huge fan of NFGG.  Crescat is still a major shareholder.

"nothing reportable" assumes that the assay labs are keeping up.  It is the lesson of last summer that they are not.  The new lab in Val d'Or should start processing production samples next month.  Hopefully, we will get a steady flow of results then after.

All gold stocks are bleeding at the moment.  Agnico and Barrick are both way down from their 12 month highs.  This macro stuff will eventually work it's way through the system and eventually gold stocks will come back in vogue.  Gold remains very popular with investors, unlike other safe haven assets.


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