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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 08, 2024 8:15am
108 Views
Post# 36079042

RE:Neh

RE:NehNFG was only a minor defendant due to its signature certifying drilling dates .

If you research the Lawsuit details, you will find that the charges against CK and Pali who purchased the shares from IDK ,was that they knew from the evidence of physical gold that the first few drills would have high grade assays.

Those few core assays we're not completed until several months later.

So, while that charge might have been true , it is very difficult to prove .

As IDK persisted in its litigation, the quick solution was to settle based on the modest 3.8 m shares versus the 15 million or so shares that changed hands in the sale.

So, both NFG and Pali share price are now unfettered in their ability to respond positively to the several substantive news that is about to be dessiminated this month .

We should all know by now what those are...

AIMHO

GLTA


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