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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 30, 2024 9:05am
133 Views
Post# 36380585

RE:RE:How much is gold in the ground worth?

RE:RE:How much is gold in the ground worth?Over arching all drivers of gold value in the ground is demonstrated productivity .

This can only be achieved by controlled mining of the economically defined resource....aka test mining, and bulk mining as key inputs to boot strapping an empirical FS 

That is why test mining of already stripped and Reserve Quality  starter pits such as Kent's Trench and Iceberg Trench can be the largest driver of the price of gold resources of QWN.

This need not wait for the technical published MRE and PEA statements but should be the most strategic inputs to those estimates.

All facilities are available to conduct such test mining.

Further, my research has shown that the several hundred meters between KT and IT trenches are mineralized at grades consistent with grades beneath these two trenches .

In other words, the possibility of a single mini super trench May be possible, extending nearly 1 km in economic  strike .

One large pit has signifucant economic advantages over two separate pits, as Fosterville has clearly shown.

Underground Resources are the pantry reserves, produced only when QWN runs out of cheap topside
deposits. 

Before us, upon  strategic development, lay wealth that few can now imagine .

GLTA


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