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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 alwil106on Aug 11, 2024 6:31pm
89 Views
Post# 36173713

RE:Willy

RE:Willy
You speaking (the trench only tells you what the grade is in that trench, not beside or beyond or deeper) and at the same time proving up an accurate resource by sending the ore to Pine Cove Mill(milling it doest tell you what the resource is, it only tells you what they grade is for what was milled) Me, I was also invested in KL and believe initially they underestimated their resource by 20% through drilling alone, you say (the trench only tells you what the grade is in that trench) consider the consistency of grade and resource at the Swan and Eagle zones, the grade was consistent through the five years of producing high grade as could be the case from sampling a small portion of NFG property and a larger portion in the fullness of time, the Swan.  
Fosterville 26 Aug 2020 — The mine poured 1Moz of gold by 2016 and achieved a total production of 1.77 million ounces (Moz) in 2018 and 619,366oz in 2019. In 2020, the operation produced a record 640,467 ounces of gold, Mineral Reserves as at December 31, 2020 totalled 1,970,000 ounces Fosterville: Production targeted at 400,000 - 425,000 ounces in 2021 and 325,000 - 400,000 ounces in both 2022 and 2023. Up until the end of 2023 Fosterville should have produced 4.13 million ounces
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