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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 Nov 08, 2024 9:48am
104 Views
Post# 36302983

The Hub and Spoke Mining Business Model

The Hub and Spoke Mining Business ModelMaritime has been quietly acquiring much of the best projects of the rich Bay Verte Peninsula for over a decade.
That included two gold mills, long term Tailings facilitues and a Deep Water Port serviced by 55,000 ton Panamax ore carriers..

Recently, its emerging JV partner....Firefly Metals..has been buying up most of the rest of the premiere mining claims on the Baie Verte Peninsula .

Together, they will have the heft and milling resources to acquire stranded gold and copper deposits 
across all of NL.

Most don't realize that NFG still owns a concession close to Maritime's Point Rousse assets.

It seems almost inevitable that a land locked miner will want access to a Deep Water Port, if large volumes of concentrate including international import/ export opportunitues.

At some point, it makes sound economic sense that NFG be part of that Firefly/ Maritime Hub and Spoke Business that is being designed to dominate NL mining industry for many years to come..
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