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.

TSXV:NFG - Post by User

New Found Gold Corp > Open pit mining

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Comment by Gangstermeon Aug 13, 2023 11:42am

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Post# 35585957

RE:RE:Open pit mining

You are of course correct. I was thinking 10 percent slope for the haulage trucks. Of, course they could use an elevator system but typically it is trucked and now driverless trucks.

The haualage road would need be 3200 metres and could wind around. Depending on rock conditions, for safety reasons they might not be permitted a 45degree slope, specially in a fault area.

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