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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 bdog123on Oct 28, 2022 8:56am
89 Views
Post# 35055375

So tell me where this is from, buck.

So tell me where this is from, buck.Sorry it came out this garbled, but I invite you to go t sedar and read the Queensway 43-101.
It's interesting.  Have fun.

Bdog


Table 1–1. Summary of Phase 1 recommendations and estimated costs. Type of program Summary of components Estimated Cost ($C) Geophysics & Interpretation $8,415,000 QWN − Direct Current Induced Polarization survey $750,000 QWN − 3D seismic survey $7,000,000 Geophysical interpretation $300,000 Geological interpretation and modelling $300,000 Gander Lake bathymetry survey $65,000 Surface Exploration $1,620,000 QWS − Prospecting and geological mapping $1,000,000 QWS − Till program $200,000 QWS − Soil program $400,000 QWS − Trenching $350,000 QWN − Keats trenching $150,000 QWN − Joe Batt’s Pond trenching $150,000 Environmental and Social $1,100,000 Aquatics (streams and pond baseline studies) $100,000 Water monitoring program $250,000 Flora and fauna surveys $100,000 Seasonal 3D ground water modeling $100,000 Habitat studies $50,000 Incidental wildlife studies $50,000 Socioeconomic studies $100,000 Reclamation options $350,000 Drilling $62,900,000 QWN − AFZ and JBPFZ diamond drilling $56,180,000 QWS − Greenwood and Paul’s Pond diamond drilling $3,180,000 Twin Ponds − Diamond drilling $1,590,000 QWN − JBPFZ RC drilling $1,950,000 Analytical Procedures $190,000 PhotonAssays and screen fire assay comparison $100,000 Lab density measurements for gamma-gamma calibration $65,000 Gold grain size study $25,000 PHASE 1 TOTAL (with 15% contingency) $86,000,000
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