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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 Gangstermeon Jan 10, 2024 4:51pm
169 Views
Post# 35820285

Fantastic drill results

Fantastic drill results

Just think they are getting these fabulous assay results from drill holes that are collared and angled with little or no idea what to expect.
 

Seismic information will soon be available and hopefully will indicate where and at what angle drilling should be preferred.

The grades and intervals may not be higher or longer but there will certainly be more of the later, and possibly higher grades and longer intervals.

From an immediate share price increase, they might conceivably decide to drill more shallow holes to outline a extremely profitable open pit that could be exploited in a very short period.

i am both optimistic on the viability of open pit to generate cash flow and the decades long mining of this ore body. Yes, I would like the spare price to be much higher, but, we are only looking at maybe a maximum of 24months before this will re recognized for what it is, one of the richest gold deposits ever.And, modern mining methods will make the mining not only safer and more environmentally efficient, it will be fiercely profitable.

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