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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 Tk11455okon Apr 03, 2024 9:42pm
201 Views
Post# 35969420

A question for Retired Geo

A question for Retired GeoDear Sir, 
I'm a total novice on mining, but the last news article on NFG showed Gravity Concentrates of  2,102 G/T (67 oz/T)  to 12,271 G/T (396 oz/T). I believe you have touched on this in the past. Is it reasonable to build and perform gravity concentration on site and truck the concentrate to Pine Cove Mill for processing? The trucking would be a very low cost when compared to the amount of Au per load. Obviously there would be a processing fee, but I have no idea what a customery processing fee is. This could provide significant $ for any future endeavors and prevent dilution. Does this seem reasonable or is just going to be done a different way. I've been all in since the Lassande run up a few years ago and am still significantly underwater. Any response would be appreciated.
Thank you,

Tom K
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