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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 > Any mathematicians on this BB????
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Comment by Retiredgeoon Jul 01, 2022 6:42am
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Post# 34795825

RE:Any mathematicians on this BB????

RE:Any mathematicians on this BB????The only near surface assay that we have is 22-593 grading 9.12 g/t.  10,000 tonnes of 9.12 g/t is 91,200 g or 2,932 oz.  Assuming 95% recovery that is 2,785 oz.  Assuming $1800/oz that is $5 million USD gross value.

The answer to your question is no.  They need a much sweeter spot than published to date.
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