RE:RE:is this us
Kewl002 wrote: The poster said not NFG or LAB - who else has drills running on the island?
I wouldn't pay too much attention to that video. I dug into it and was told it was a private company they were drilling for. Take anything those drillers say with a grain of salt. Wait for the assays when playing around with these juniors. NFG has the goods.
NFG has got the best ground and they have the drill results to back it up. Lots of recent new development on the Queensway property with regards to new roads and expanding the core yard yet again. Huge operation. New Found Gold's GigaShack building in Gander is completed and the company is gearing up to start drilling on Queensway South. They are gearing up to do a bulk sample on the main discovery and start to progress the project to the mining phase.
Yes it might take a couple years to get everything in order but NFG will be a major cash cow once it goes into production with some of the lowest AISC in the industry. We might endure some short term pain with regards to the share price over the next couple weeks but things will heat up in the fall. This is a long term play but I regard this recent pullback in the share price as a buying opportunity.
NFG are drilling a lot of targets with 12 drill rigs and another one going out there this week and NFG wants even more drill rigs. I'm confident they will find a lot more high grade gold along the 100 km of the Appleton Fault. This discovery right next to the highway isn't the only bit of gold along that fault. Anyone that thinks the best part of the system is only next to the highway should give their head a shake. Read up on what New Found Gold is finding down around Eastern Pond. Huge gold anomalies down there along the Appleton and JBP Faults. There will be more high grade gold discoveries. Stay tuned. Eric Sprott doesn't put $200 million plus into a gold junior just for kicks and giggles.