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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New Found Gold Corp > Exploits Acquires Claims in Vicinity of Recent Hi-Grade Gold

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Comment by Kewl002on Sep 28, 2022 7:11am

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Post# 34991424

RE:Exploits Acquires Claims in Vicinity of Recent Hi-Grade Gold

Whats the story behind NFG (or LAB for that matter) not being aware that these grounds were rleased for staking claims and thus allowing Exploits to scoop them???????

braindeadoldguy wrote:

Exploits Acquires Claims in Vicinity of Recent Hi-Grade Gold Discoveries Within Central Newfoundland

Vancouver, British Columbia - September 27, 2022 - Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to announce that it has acquired, through staking, the 100% interest in six claim units within the Exploits Sub Zone area of central Newfoundland. The boundaries of three of today's acquisitions are contiguous to exploration lands held by New Found Gold and Labrador Gold where over a dozen drill rigs are operating. Exploits' structural interpretation indicates that the Appleton Fault and the broader structural corridor extends North and across these acquired claims.
Jeff Swinoga, Chief Executive Officer of Exploits, comments, "We are thrilled to acquire these strategic claims and our talented local exploration team is already looking forward to unlocking their gold discovery potential. Today's success represents a key milestone in our journey to potentially become the next major exploration success located in Newfoundland and Labrador. We will be providing further details of today's acquisition in the near term."

Figure 1: Overview map showing new claims acquired by Exploits