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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 Gangstermeon Aug 11, 2023 10:22am
152 Views
Post# 35583723

RE:Gold mining

RE:Gold miningToday, likely even more so in the future, the handling of the waste generated is a very important consideration. No longer can mines just build mounds of rock that they have excavated.

This might turn out to be a consideration. Once all the economic ore has been removed then the waste can be dumped there. A major consideration is that the gold is such a small portion of what is wanted that leaves a huge quantity of rock needing a place of disposal.

For this reason alone they will not be able to economically exaction all the gold by open pit. 
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