New Found Gold Corp V.NFG

How Many More Like Keats and Iceberg will be found

[nozzpack]

Our two highest grade discoveries .. Keats and  Iceberg ....were discovered blind

Neither  outcropped at surface but rather existed  under a thin layer of till cover.
 

If one examines the discovery of new deposits at Fosterville and elsewhere, it brings home the confident knowledge that being patchy, Orogenic gold deposits 
are the celestial gift that keeps on giving, decade after decade.

What we do know is that we already have a world class discovery on our hands whose full dimensions and unknown deposits will take decades to fully delimit.

The Iceberg Trench is very close to the size of the Kent's Trench and will be fully exposed by September.

That will be a source for additional trial mining.

GLTA

[Patient1nvestor]

Any idea when trial mining will start?

[Retiredgeo]

There are no plans as of this moment.  Management's game plan is to sell the district.

[Gangsterme]

If you are right, re selling the district, they better sell soon. Reason being as gold price increases and the size of the deposit increases it will become very, very pricey, and few companies will be able to purchase it all. I have often thought they will sell to several companies. Question being all at once or over time. Not unusual to have several operating companies in a district this large.

[Retiredgeo]

On the flip side the producers will have more money to spend which means more money for us.

[nozzpack]

This not what. I am hearing from the other side. That MOU is still active on both sides. The Pine Cove mill added the MC in 2023 and recoveries now exceed NFG 's own Mett tests. The mill is now fully compliant with NFGs due diligence ...