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 > Take another look at NFGC 21-182 and NFGC 20-59

<< Previous

Bullboard Posts

Next >>

Comment by Retiredgeoon Aug 10, 2022 7:51pm

98 Views

Post# 34886828

RE:RE:RE:RE:RE:Take another look at NFGC 21-182 and NFGC 20-59

If you are referring to pure Gold mines you are correct. However, the biggest gold mines in the world are Copper-Molybdenum-Gold porphyry deposits where Gold is almost a by-product. The average grade of these deposits is 0.6% copper equivalent (very low). Low grades can be compensated by enormous tonnages. Grade is not always King.

Snowline is expecting a low gold grade times a entire mountain of ore. Their buisness model should not be dismissed.

<< Previous

Bullboard Posts

Next >>

@ the Bell: TSX advances to start off Christmas trading week