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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 explogeoon Jul 25, 2024 3:56pm
110 Views
Post# 36148661

RE:RE:RE:RE:RE:POG in C$ remains near all time highs

RE:RE:RE:RE:RE:POG in C$ remains near all time highsYou're taking the exposed trench and assuming the entire zone will run 3 g/t? That may be the craziest estimation I've ever heard. Most of those veins are <20cm (according to geos on the ground at NFG).

Notice how in the Nov.17 2023 PR they don't have anything for scale in  heir photos? That should be an instant red flag. Same goes for having no cross sections in any of their PRs. If this system is the holy grail of all gold deposits, why not prove it with 25-50m wide cross sections throughout the entire deposit? Why do they only publish long sections that are >1km long? Everything looks awesome when you zoom out and just see big red/purple dots on a map. The lack of transperancy from management is what has me concerned.

But I will say, there is some amazing gold grains in that 25m long vein. Looking forward to seeing the results. I believe that this project will be significant, I just don't understand this "pie in the sky" mentality from all investors. They have yet to prove they have 2 million economical ounces let alone 10 or 100.
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