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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 nozzpackon Sep 21, 2024 2:04pm
115 Views
Post# 36234773

RE:RE:RE:RE:RE:Continuity and high grade gold

RE:RE:RE:RE:RE:Continuity and high grade goldI am here because my analyses shows that Queensway is a premium gold discovery and probably a new gold district .

Management has not provided shareholders with their clear strategic plan as to what and when, except keep drilling.

In addition , they have lost millions of shareholders money by wasting it on moose pasture to the detriment of advancing our discoveries at Queensway .

As for Labrador, they have identifued no specific reason why KW was acquired .

Clearly, with more than a dozen high grade prospects already identifued in QWN, their priority should have been to use that $25 million to conduct definition drilling of Keats or Icebergs prospects .

Instead we will now have to spend more exploration money confirming or otherwise that KW adds gold ounces in excess of what could have been the case at QWN.

It smacks of a management that takes decisions that are not well thought out ....which is what you would expect when they have not defined what their strategic objectives are and their execution  timelines.


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