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 > Fosterville, a mere Junior to Queensland

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Comment by Retiredgeoon Aug 29, 2023 6:37am

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Post# 35609306

RE:RE:RE:RE:RE:RE:RE:RE:Fosterville, a mere Junior to Queensland

Back in 2021 a BMO analyst calculated 1 million ozs in the central dilation of the KMZ. That is the only formal calculation which I am aware of. I will estimate 2-3 million ozs at the KMZ, 1 million at Keats North and 1-2 million at Lotto/Lotto North with an unknown quantity scattered elsewhere. A very conservative estimate is 5 million ozs down to 400 m which will translate into 25 million ozs down to 2000 m. I wouldn't be surprised if the entire Queensway property is +100 million ozs. If the mining sector wasn't so depressed NFG would easily be a $10-$20 stock.

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