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 > So sick of hearing, ‘good day to buy up more’

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Comment by nozzpackon Oct 31, 2023 7:05pm

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Post# 35710214

RE:RE:So sick of hearing, ‘good day to buy up more’

The DECEMBER 2022 FT debased the share price to the $4.50 - $4.75 range for several months.
But, the retrace was much quicker and the share price quickly tracked $7.40...almost a 70% gain.

These FT retreat and retrace dynamics depend largely on the signifucance of interim exploration dynamics.

In the current case, we have significant news coming our way relating to seismic exploration implications and Keats trenching results makes obvious that open pit mining decision is not that far away.

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