New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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.

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New Found Gold Corp > Gold action

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Post by Retiredgeoon Jul 19, 2024 6:42am

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Post# 36139597

Gold action

Gold is continuing it's correction. It is down another $31 USD/oz. Considering that it went from $2300 to $2480 in less than a month a correction is perfectly normal. The gurus say the fundamentals haven't changed. They expect gold to break through $2500 later this year.

Silver has been beaten down to just above $29 USD/oz. It will not follow gold up to any great extent but will follow gold down at the drop of a hat.

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Calibre discovers significant gold in Newfoundland