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 > Gold

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Comment by cashtango00on Oct 28, 2024 5:17pm

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Post# 36285814

RE:Gold

Who cares what the price of gold is? If gold was 5000, would it matter? This company doesn't produce gold, has no resource estimate, no plan to develop the asset and the market has no idea if they could develop the asset, could they do it economically? They have spent over $ 300m drilling this with no idea if/ when/ or how they can develop their land package. That's the problem....

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Advancing flagship Ishkõday Gold Project in Ontario