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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

Comment by nozzpackon Dec 27, 2024 9:54am
122 Views
Post# 36378247

RE:RE:Keats and Iceberg Trenches spatially connected ?

RE:RE:Keats and Iceberg Trenches spatially connected ?Keats and Iceberg Trenches will form just the first starter open pits which comprise just a very modest proportion of the drill defined strike in excess of 4 km.

The whole point of the calculations is to illustrate that these two trenches by themselves can support a $4 billion revenue , and very low cost production cycle lasting at least 15 years @  200,000 ultra high ounces.

This, just to 150 metes of depth .

V Lake 3 open pits will be mined at 195,000 ounces per year to a depth of 260 meters at a grade of just 1,6 grams per ton .....and have a NPV5 after tax at $1.2 billion.

All large gold discoveries start as modest open pits.

District scale , QWN already has about 9 of these already drill defined.

The key issue here is to get these two high grade pits into productin ASAP




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