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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Assay results?
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Post by Pmz2004 on Jul 07, 2021 7:40pm

Assay results?

When the announcement came out yesterday with all the updated and detailed info, were some of those assay results on it the ones that we haven't heard back yet? Or should we still be expecting some new assay results this week/hopefully next week?
Comment by megacopper on Jul 07, 2021 8:19pm
  The paragraph below was taken directly from the last news release. Still lots of core in the lab waiting for assays. There will be a constant flow of drill results for at least another year perhaps two years at the rate they are going. It will depend on the availability of drills and drillers which is difficult to find in NL these days.    200,000m Drill Campaign ...more  
Comment by JRafflesUK on Jul 08, 2021 7:21am
What additional funding is likely to be required in order to complete the 200,000m program? Whatever is needed will probably be put up by the existing deep pocket shareholders. Alternatively, could it be that the imminent NYSE quote is a means of giving US investors a chance of participating in this project with future drill financing?
Comment by Retiredgeo on Jul 08, 2021 7:48am
According to the most recent corporate presentation they have working capital of 82 million CAD which will probably cover the entire remaining drill programme and then some.  No share dilution is eminent any time soon, or this year.  Maybe mid 2022.
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