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 Explorers Must Face the hard facts

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Comment by nozzpackon Nov 13, 2024 6:14am

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Post# 36309707

RE:RE:RE:RE:RE:RE:RE:RE:Gold Explorers Must Face the hard facts

Thank you for that fine summary post.

No management team, just 3 years ( in 2023 ) from confirmed discovery ( in 2020 ) , would offer to produce a MRE and PEA unless they had the goods .

Yet NFG in the fall of 2023 announced exactly that intent within 7 months .

Recall earlier, CK was referencing 30 million ounces .

My multiple estimates are consistently bouncing around 20 million ounces just for discoveries above 275 meters .

By grade alone, Keats Trench will rank close to if not # 1 for open pit gold mines in the world.

Our low share price is due to the same illegal manipulation that other Canadian gold exploration stocks suffer from.

We need aggressive management intevention to bounce us out of that cauldron...and it may just be coming..

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