New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp

<< Previous

Bullboard Posts

Next >>

Post by Evenkeel123on Sep 28, 2024 9:44am

343 Views

Post# 36245253

One final thing........

Most of the drilling is from surface to ~200 m depth so open pit method would be used. Reason why a lot of material isn’t economical and grade isn’t there. A lot of dilutive rock which shows in the info I posted earlier since they are drilling right on top of deposit.

<< Previous

Bullboard Posts

Next >>

Visionstate set to leverage success in the U.S. market