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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 osmosison Dec 18, 2024 9:41am
173 Views
Post# 36367823

Paul Huet

Paul Huet

It is certainly very telling in the NR when they say that Paul Huet took two other companies to buyouts. If NFG had any inclination to mine this themselves, this says they've had an about face. To me it has ES fingerprints all over it. ES is the controlling shareholder, not just because of the shares he owns but the financial clout he carries. I'm glad to hear this news because it speeds up the whole process, whatever the end result is, let's get there sooner rather than later. 

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