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 > # of drilling rigs operating?

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Comment by Retiredgeoon Sep 13, 2023 11:36am

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Post# 35633883

RE:RE:RE:# of drilling rigs operating?

Page 9 of the Corporate presentation refers to today as pre-development. It is another sign that they are getting serious about mining some of this gold. At some point in time exploration has to give way to development. They have been exploring for 4 years now. How many more gold zones do they need? Can they do better than the KMZ and Iceberg sitting at surface?

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