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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 Retiredgeoon Jul 03, 2024 7:20am
188 Views
Post# 36115843

RE:Trenching at iceberg

RE:Trenching at icebergQH recently mentioned that there has been a trend within the mining industry to design and develope vast, multibillion dollar mines.  He also mentioned that this is unnecessary.  A mine operator can start small and grow their operation organically.  NFG is ideally set up to do exactly that.  Think of all of the high grade gold zones which they can exploit at surface long before going underground and they are still finding more!

If the big boys don't buy them out they can still make a go of it themselves.  With gold reserves being depleted time is on their side.


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