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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

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

Post by JanieGottaGunon Jul 31, 2022 9:39pm
169 Views
Post# 34863536

Nvo

NvoIn 2 min or less. Bc for 15 yrs of explo but boring, then wow gold at Purdy's Reward, whoops, shiit grade but wow gold at Comet Well, but better in the gully down there. The grade came back at under 1 gm. Ooops, lets talk how sorters will turn low grade into high grade and make everything economic, then off to Egina and cheap as chips but proved spotty so back to BC with a pea which was only out by over 100% and cash drain of $5m a month heading into care and maintenance after less 18 months in operation. But hey, lets mislead everyone and say its a temporary shutdown until we get going in fresh mineralization , which I, Joanie's Got a Gun, being a mining contractor (I swear, cross my heart and hope to die) calculated in 2 full minutes time that it will be uneconomic as hell. So watch them announce that in the coming months. Fresh is dead, bc is dead. And Henry knew they woud lose money after 2 months in operation so he split. Ran actually.

Theres novo in a nutshell barring a hemi type new discovery. Otherwise its knobs up.




Joan
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