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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 Dixiedeeon Sep 08, 2024 8:00pm
84 Views
Post# 36214099

RE:China’s central bank pauses gold purchases for a fourth mont

RE:China’s central bank pauses gold purchases for a fourth mont
Evenkeel123 wrote:

China’s central bank pauses gold purchases for a fourth month in August


https://www.mining.com/web/chinas-central-bank-pauses-gold-purchases-for-a-fourth-month-in-august/
China is divesting itself from the US $ that was why it was buying gold with the massive US$ 
China holds it will most likely continue on this path of buying gold and replacing its US$ reservse with more gold reserves along with all the Bric countries and a few more now that have signed onto the new 
system of exchange to counter the western countries weaponizing the US$ .The weaponizing of the US$ almost guarantee's its demise to become a less dominate reserve currency this has already begun

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