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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Post by likeikeon Aug 26, 2022 11:20am

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Post# 34922602

almighty buck

Damn that Dollar

The U.S. dollar continues its rip-roaring ways, tagging twenty-year highs on the possibility of a delayed Powell Pivot.

We're watching the 50 SMA for indications that it's rolling over, that the Powell Pivot is imminent, and that the eagerly anticipated bull cycle in precious metals can begin its launch mode sequence.

This strength in the Greenback has been a buzzkill for gold. Since our last briefing, the metal fell below the $1800 level, but some (us included) still call for significant price strength in the short to medium term—Gold Seen Rising Above $2,000 on Inflation, Mining Veteran Says.