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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 Retiredgeoon Aug 24, 2024 7:16am
122 Views
Post# 36194476

RE:RE:RE:Rick Rule's synopsis of NFG is total skepticism at best

RE:RE:RE:Rick Rule's synopsis of NFG is total skepticism at bestWe have been down this path before.  Rick Rule likes big, open pit deposits with continuous ore bodies.  He doesn't care for multiple underground ore zones.  That is more Eric Sprott's thing.  That is more the Fosterville model.  To each their own.  Every deposit type has it's fans and it's critics.

Drilling to date has concentrated on the upper 400m and in many cases the upper 100m.  He sees several deposits in the multi hundred thousand oz range to date (a string of pearls).  He can't tie them together and they never will be tied together.  Each will be mined separately sharing a common mill..

Personally, I believe that there is a million ozs in the central dilation of the KMZ alone (the fuss of 2021).  How quickly people forget.


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