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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 TheGreekGoldGuyon Jan 07, 2024 5:13pm
258 Views
Post# 35814801

The New Found Gold Story is just starting

The New Found Gold Story is just starting

It’s amazing how many posters on the various message boards have not taken the time to actually study and compare the Geology between Agnico Eagle/Kirkland Lakes Gold orogenic gold system at Fosterville,  to New Found Gold’s similar orogenic gold discovery at Queensway. New Found Gold is finding new zones and making high grade intercepts at a phenomenal pace. It’s astounding that some posters have difficulty assuming that NFG has already found more than 5 million ounces of gold. The reality is, that it is quite easy to assume that they may have more than 10 million ounces, after their exploration is complete on their 16 newly discovered shallow zones.  These same people also try to diminish the fact that NFG has already discovered 347 Bonanza grade shallow gold intercepts.  Because of the shear size of New Founds Golds discovery and large amount of unexplored land, it’s highly likely that NFG could actually have 2, 3 or even over 4 Fosterville stories ahead of them. Will the Seismic Survey tell the rest of this story for NFG?  The truth of the matter, it doesn’t matter, because NFG has most likely already found more than 10 million ounces and counting, of  some the cheapest to mine gold in the world. But if NFG does find the deep source for its gold, that number could change to multiples higher.  New Found Gold is letting their drill bits do the talking for now and the bits are screaming results out so loud, that the entire mining world is hearing them. 

 

GGG here, don’t get fooled by the negative rhetoric, just go back and research the Fosterville story. BTW, It's really nice to have the bashers on ignore. 

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