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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

Comment by Dixiedeeon May 15, 2024 10:36pm
81 Views
Post# 36042515

RE:RE:Deep drilling at Queensway started in March

RE:RE:Deep drilling at Queensway started in March No one works 7 days a week anymore and 10 hour days could be questionable as well in this work environment we are now in so maybe 8 hours per day and only 5 days a week then we have breaks for cooffeee and lunch and clean up and set up and driving out to where rig is set up so iam saying best case 5.5 hours per day of actual drilling then we also have maitence on the equipment so we may even be down to 5 hours per day of actual drilling on a 5 day week so 3 m / hr becomes 15 m per day or 75 m per week so 2500 meters / 75 m = 33.33 weeks or 8 to 9 mths we haven't even allowed for stats and holidays or break downs then we don't know how long the labs will take once drilling is done 
so if drilling deep is done Nov or Dec 2024 when would we get it back from Labs nothing happens as quick as one would like but you have to be realistic in expectations on when results will be available 
I personally think they the results will be fantastic once we get them Iam using the impatience of current investors to buy the dips 
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