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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 Sep 28, 2024 7:21am
116 Views
Post# 36245177

RE:Can you say just how many onces of gold underground

RE:Can you say just how many onces of gold undergroundNo one knows the details of any of NFG's over 30 gold deposits because the company hasn't definition drilled any of them.  Management wants to sell the entire property and let the buyer worry about individual deposits.

Can you mine high grade orogenic gold at surface?  Of course you can!  In the Abitibi they mine it 3000 m down as well.

These NFG gold deposits are called "narrow vein deposits".  Mining narrow vein deposits isn't for everyone and lot of big gold companies will shy away from them but eventually one of the mid-sized gold companies will make a go of it.  How much more derisking does NFG have to do?  I do not know.  They are making good use of their time waiting.
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