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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 Nov 03, 2024 2:07pm
112 Views
Post# 36294359

RE:RE:Still discovering the extent

RE:RE:Still discovering the extentThe big negative is the macro environment.  Canadian mining juniors are still mired in their biggest stock slump in 50 years with no end in sight.  In better times all of this gold would have made NFG a $20 stock.  Instead we got mired in this **** and are a $3 stock!!  The only silver lining is that NFG is doing far better and is far better financed than most of it's piers.

It is true that all of the Quartz veins are interconnected at depth.  Please don't assume that these widely spaced gold deposits are interconnected at a reasonable depth.  Like The Abitibi and Red Lake camps there will be multiple shafts accessing different gold zones.  They will probably be owned by different companies.
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