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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 bull_runzon Oct 10, 2024 10:08pm
59 Views
Post# 36262080

RE:RE:RE:Bullish RSI 📈

RE:RE:RE:Bullish RSI 📈 I like Nozz's 15M Ozs better.  Keep in mind how deep we can go ;)

Mponeng Gold Mine
4 km deep gold mine in Gauteng province near Johannesburg, South Africa
Located in Gauteng province, near Johannesburg, South Africa, Mponeng Gold Mine holds the distinction of being the deepest gold mine in the world. It plunges an impressive 4 kilometers (2.5 miles) below the Earth’s surface.
 
Here are some notable facts about Mponeng Gold Mine:
 
Operating depth: Between 3.16 km to 3.84 km below the surface by the end of 2018.
Proven gold reserve: Approximately 46 million ounces (over 1300 tons), more than 8 times the reserve of the second deepest gold mine, Driefontein, also located in South Africa.
A trip from the surface to its deepest point takes over an hour.
The harsh conditions of the mine did not stop an Ecuadorian marathon runner from completing a half-marathon within the mine, earning a Guinness World Record for the deepest half-marathon.
Mponeng is one of the most substantial gold mines in the world in terms of production and magnitude, with aims to deepen the mine beyond 4 km to reach more reserves.
The mine’s extreme depth and complex geology require advanced technologies and specialized techniques to ensure safe and efficient excavation. A better understanding of rock burst and excavation methods can provide better safety protocols and improve operations.
 
Mponeng Gold Mine is a testament to human ingenuity and engineering prowess, pushing the boundaries of what is possible in deep mining.
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