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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 Dec 23, 2022 12:16pm
147 Views
Post# 35189686

RE:RE:RE:RE:General area

RE:RE:RE:RE:General areaIt refers to the Kracken pegmatite field on the SW coast.  Newfoundland is a big place and that is a long ways from Gander.  It is totally unrelated to the orogenic belt of central Newfoundland.

Furthermore, lithium bearing granite pegmatites can't compete against lithium brine operations except with enormous government subsidies.  The element is there but it is tightly locked up with silicon, aluminum and oxygen in the form of silicates.  Such minerals are very difficult and expensive to break down.  I consider such plays to be pump and dumps for the ignorant.  Cobalt tightly bound with Arsenic is yet another example.  Yes, you can remove the cobalt from the arsenic but then what do you do with the arsenic?  It is highly poisonous and no one wants it! (the Giant mine in Yellowknife comes to mind).

A little knowledge of mineralogy goes a long ways.
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