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 > Bob Moriarty ~ Est. 10M to 20M ozs

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Post by BladeMasteron Dec 05, 2024 8:51pm

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Post# 36348390

Bob Moriarty ~ Est. 10M to 20M ozs

Bob's estimate is a strong indicator of what ES's model may be spitting out based on current drill results;

Worst case: 10M ozs?
Base case: 15M ozs
Best case: +20M ozs?

He agrees NFG should have gone w an MRE & PEA sooner (perhaps Summer 2024), bu thinks the surface grades are spectacular, confirming what many on the board have suggested.

Mainly that ore can be processed quickly and cheaply (based on trenching work done this year)

I guess we'll find out sometime in Q2 2025, GLTA!

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