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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 BuccneerIslndon Aug 30, 2022 9:41am
68 Views
Post# 34929208

After stripping out the worthless content

After stripping out the worthless contentWhen a company uses one sectional to extrapolate such a determination, I write off as garbage.(They used the data available and not 1 sectional) A big deal was made about twinning of holes(Keats) in the report. If you knew a bit more about mining(I am a mining contractor), you would know that this procedure, is fairly common. Not only does it verify the stellar grades and intercepts, but it also more importantly enables company to determine the down dip of structure at that point.........very important when planning subsequent holes.(5 m stepouts with a recent and not historical hole is done only for promo purposes)

Now Bucco, you make continuous references about the veiny nature of the project, and this might be true when considering the high grade nature of the feeder system. Of course they will be mined eventually(not if you dont have enough ozs for the capex or to show a profit. You dont even know the average mineable grade.), but you (and Crux) are ignoring the huge high grade structures that eminate from this(show us the ounces). Much of these structures are multi layered, wide intervals, separated by thin stratas..........more importantly very shallow, minimal over burden......open pit(show us the ozs).



Bucco


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