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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

Post by nozzpackon Sep 12, 2023 12:20pm
188 Views
Post# 35631746

Possible 20 million + ounces uncovered todate

Possible 20 million + ounces uncovered todateSo, just 3 zones on a coarse ball parking of a very compatible and nearby gold didcovery results in 4.8 million ounces of gold down just to 200 meters .

And, assuming a gold grade of just 1.9 grams per ton.

You'd have to have the IQ of a split birch junk to think that the average grade of gold uncovered todate at Queenie is just 1.9 grams per ton.

Its multiples of that .

Of course, 16 zones and counting have already been discovered, all with  high bonanza grades that cannot be matched by Valentine Lake drill results .

 This mineralized envelope now covers an area spanning 4.1km in strike length by 400m wide....1.65 m sq km which is 4.3 times larger than the 3 zones containing an estimated 4.8 m ounces.....and  uograding the ball park estimate to over 20 million ounces.

Thats very rough but consider three compensating factors that would severely compress any over estimation bias..

1....nothing below 200 m is included

2..large areas have yet to be drilled 

3..grades are much higher than 1.90 grams per ton.

I have said all along that Queenie is already an unrecognized world class gold discovery 
whose final recognition will involve many millions of ounces that will dwarf any gold discovery ever made in N America and elsewhere .

Thats why Eric is grabbing 20,000 shares a day for months on end .

There is no better predictor of future outcomes than strong insider buying .

The shirts know this and are now desperately trying to cover .
Buy your retirement now and make their retirement a trip to welfare ..



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