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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 Jul 05, 2023 1:58pm
142 Views
Post# 35527671

RE:RE:DEEP DOWN EXTENSION question for RetiredGeo

RE:RE:DEEP DOWN EXTENSION question for RetiredGeoWith the exception of Keats West no one is going to open pit these narrow vein deposits further than the excavator arm can reach.  There is just too much waste rock for open pit mining.  Most of what they are finding has to be exploited by underground means and yes they do have the widths and the grades for a very profitable underground mine(s) like Fosterville.

Snowline's Valley deposit will be a giant open pit gold mine.
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