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 > Marathon Gold Feasibility

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Comment by JoanWickon Jul 23, 2022 12:03pm

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Post# 34845407

RE:Marathon Gold Feasibility

suregold2 wrote:
Take a look at their last technical report/feasibility since it is next door to NFG. They have a LOM grade of just 1.36 grammes and mine thoughput will be 6850 TPD. All in costs of approx $800 per ounce! Initial Capex is $305 million!
No wonder ES is drooling all over NFG!

Oh cmon. Any mining contactor can tell you aisc wont be 800$ at that grade.

Joan

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