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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 > well
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Comment by likeikeon Jul 31, 2022 8:08pm
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Post# 34863463

RE:well

RE:well@alwil106 Fosterville 26 Aug 2020 — The mine poured 1Moz of gold by 2016 and achieved a total production of 1.77 million ounces (Moz) in 2018 and 619,366oz in 2019. In 2020, the operation produced a record 640,467 ounces of gold, Mineral Reserves as at December 31, 2020 totalled 1,970,000 ounces Fosterville: Production targeted at 400,000 - 425,000 ounces in 2021 and 325,000 - 400,000 ounces in both 2022 and 2023. Up until the end of 2023 Fosterville should have produced 4.13 million ounces plus mineral reserves estimate 2 million ounces, plus what they are seeking at Robin Hill https://ceo.ca/@alwil106?846584feb693 The gold is concentrated in small distances of strike, you can then imagine what NFG has on their strike length, the drill strike lengths per meter of both are very similar to each other.
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