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.

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New Found Gold Corp

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Post by likeikeon Jul 19, 2022 4:04pm

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Post# 34835404

ceo

 		@RealMoney Scratch my head here a lot of gold companies hit 52 weeks low with PE 18
 		1
 		about 2 hours ago

 				 
@pgasalukiScratching my head after glancing at the @NFG May 31 2022 Technical Report and learning that Mineral Processing and Metallurgical Testing has not been conducted as of yet. Seems awful far down the road not have done some preliminary testing
 		1
 		about 2 hours ago

 				 
@levityintxIt's almost impossible to drill that many meters and not have assays by now
 		0
 		about an hour ago

 				 
@RealMoneyThe lab issue I guess, but NR will be soon "hopefully"
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 		about an hour ago

 				 
@Snidely@pgasaluki You don't usually see metallurgical test results until you are at least to a PEA and sometimes later. A couple more things to keep in mind are first, that the Technical Report says that there are no results to release. It doesn't mean that they haven't started doing some testing. Second, while no expert in metallurgy, extraction of gold from quartz veining like we have seen at Queensway should be pretty straight forward. Start with the process used at Fosterville and tweak as needed. 
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 		27 minutes ago

 				 
@northstarsIt is my belief that ES has made it abundantly clear that during this gold punishing phase there is no value in saying a word.
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 		25 minutes ago

 				 
@Snidely@levityintx Unless you have a GigiShack on site that can store copious amounts of core! But yes, I agree, that they most likely have a decent amount of results in hand and will start releasing them more regularly when the bloodshed ends.