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.

TSXV:NFG - Post by User

New Found Gold Corp > FOUR full rate-cuts now priced in for 2024

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Comment by nozzpackon Aug 02, 2024 1:34pm

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Post# 36161382

RE:RE:RE:RE:FOUR full rate-cuts now priced in for 2024

I cant believe I am answering such a stupid statement that....

1. Drill cores don't produce grades,.

2. Only processed ore can do that properly,

Re #1...why drill at all and if you do why assay the cores

re #2..Mining follows a F Study based on drill sampling intensity , assay grades obtained from corex and drill spatial statistics .

That will include the cutoff ( breakeven ) grade , so the milled grade ( processed grade ) should correspond quite well with the FS contained ounces , recovered grades and recovered ounces .

AND THEY DO
Lordie ..they pay u for this ?

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