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 > Understanding why gold shares are down

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Comment by Retiredgeoon Feb 24, 2023 11:36am

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Post# 35303474

RE:RE:Understanding why gold shares are down

Where are you getting that??

Queensway is the same type of gold deposit as Fosterville. All mining norms hold.

Management has stated that there is no 43-101 on the property yet because the property is still under exploration. That is perfectly true.

Queensway is a large grass roots project. There is no cap on exploration expenses.

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