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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 Dec 02, 2024 6:05am
58 Views
Post# 36340126

Test / Bulk Mine Keats Trench Preparatory to PEA

Test / Bulk Mine Keats Trench Preparatory to PEASuch a move would give the PEA authenticity that would exceed all PEA standards.

KT is already stripped and intensity channel sampled well beyond Reserve standards.

A very small area ideal for efficient open pit excavation of high grade ore that begins right at the surface.

At KT grades of 1 ounce per ton, a modest 10,000 ton bulk sample would generate about 10,000 ounces of gold....perhaps more as channel sampling might under estimate grade.

Thats $37 million cad in revenue which can be trucked to Pine Covd mill in a few days .

Excavation time about 7 days .

Asset monetization is the finest form of shareholder appreciation given by management ...
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