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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 DanWarrenon Jun 12, 2024 7:47am
105 Views
Post# 36084254

RE:Probability Based Decision to use 3D Seismics at QWN

RE:Probability Based Decision to use 3D Seismics at QWNExcellent post Sherlock....er....Nozz ! I really like your sleuthing abilities, and then your deductive reasoning.

Progress keeps coming at Queensway with hard driving and innovative methods used by NFG mngt 

I think retail shareholders of NFG feel more and more confident and comfortable, and view NFG as a quite safe investment due to the ongoing progress.

And, of course Erich Sprott is very confident and supportive of NFG , given his public comments nade at the Gander conference months ago.

Things are coming together.

Now, we see NFG taking steps to possibly do at least trial mining on the deposit sites by clearing the over burden rock and soul, as at Keats.

Maritime has also been taking steps to get their Pine Cove Mill up and running. Maybe....maybe....this will result in activation of the Memorandum between the two companies.

Getting into production would be the KEY point of progress to get NFG stock into a sustained uptrend. And, positive news of further hi grade ore at depth would likely add umph to NFG stock too. Later down the road, drilling at South QW could add omph, but, my hunch is that that would be more like glitter on the wrapping paper of the big events such as production which could put a large dent into ongoing development costs, if not providing total development cash flow needs.

Good sleuthing Nozz!....... and don't say ' Elementary, my dear Warren'    ; > ])
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