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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 Dixiedeeon Aug 23, 2024 5:25pm
250 Views
Post# 36194112

1st part from NFG didn’t copy here is it in its entirety

1st part from NFG didn’t copy here is it in its entirety See below 

The deeper drilling, which has been a core focus of ours for the best few months, does take longer to complete. We are getting more efficient with the use of directional drilling, but still, it takes time to get results back. I am unable to guide on timing of the next release except as to say it should not be long.
 
We are currently operating six drill rigs. Employee count is approximately 90 employees.
 
The Company does utilize Chrysos exclusively now at the project through commercial arrangements with ALS Canada.
 
I hope this helps, very best,
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