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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 nozzpackon Jun 02, 2024 11:09am
110 Views
Post# 36068231

RE:3 Independent FS Estimates of Keats Trench Ouncese grasde I

RE:3 Independent FS Estimates of Keats Trench Ouncese grasde IThese calibrated estimates of Keats Trench will be difficult to rebuke but anyone is welcome to add other FS outcomes.

We all know that it is standard procedure for gold explorers to keep a running tab on their internal estimates of drill defined gold resources .

Given the estimates of over 700,000 high grade ounces in this very small open pit area, it is obvious why Keats Trench was chosen as the first open pit mine .

Iceberg trench is the next simply because it is the same size as Keats Trench.

All of a sudden , 200,000 ounces of annual production becomes a reality for an extended period of decades  without any further drilling .

Such a development will cease this endless ATC selling of cheap shares, supplying the shorts with cover and constraining the share price.

Its coming to a theatre near you..






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