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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

Post by DanWarrenon Jul 30, 2024 9:14am
173 Views
Post# 36154077

Seems an obvious pattern.....

Seems an obvious pattern.....
 
NFG appears to be Buying Up all the property and property rights associated with the North Appleton fault. This strongly implies they know what they have with North Queensway. 
 
I dont have Denis Laviolette's exact comment comment from earlier this year, but to paraphrase, he said something akin to that he believes that the gold ore reserves from all of NFG's drilling will be 'spectacular'.
 
NFG surely has a good feel for what they have discovered just on the Appleton Fault on just the North Queensway portion.
 
This is probably why they are making moves to consolidate their property and property ownership rights noted above.
 
They bought LABs property, now the royalty rights they gave out some time ago....did they put in stipulations that they could buy back the royalty rights when they initially awarded them to prospectors?
 
So, another indication of the mineral wealth MFG mngt believes they have.
 
Will NFG be buying more property, such as NFLD?
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