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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

Post by nozzpackon Oct 07, 2024 11:26pm
164 Views
Post# 36257229

Already $25 Billion in Shallow Economic Ounces

Already $25 Billion in Shallow Economic Ounces

Multiple estimates by different methods that I have used always exceeded 10 million ounces above 300 meters.

Extapolating from Iceberg Trench down to 150 meters and I arrive at 7,5 million ounces for 7 prospects 
along the Fault.

My estimate to 150 meters is the same as that of the napkin method and the napkin method correctly estimated the ounces in the SGD PEA.

Taken together, strong conviction that we have, at current POG over $25 Billion CAD in economic shallow gold ounces in the 7 highest prospects along the KZ fault .

There has been no comparable discovery success so early in the exploration stage  in Canadian gold mining history .

We have an elephant gold discovery in our hands at QWN .


Invest with confidence at these rediculously  low prices.

When all is said and done, we have at least a 10 bagger in our investment here..

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