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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

Comment by Retiredgeoon Nov 02, 2022 8:09pm
95 Views
Post# 35068346

RE:RE:Press release

RE:RE:Press releaseThe majors want huge, multidecade open pit mines with predictable costs, grades and cash flows.  This spiderweb of narrow gold veins has to be mined by underground mining methods meaning costs, grades and cash flow are going to be highly variable.  I just don't see a major being that interested.  Even Kirkland Lake management wasn't all that interested in the narrow vein Fosterville gold mine!!!

None of us know what Eric's and Colin's end game is.  I suspect that both want to see Queensway turned into a brand new mining camp worth hundreds of billion of dollars in 50 years time.  If they have to do it themselves so be it.  From the recent appointments they are exploring all options.




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