Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

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New Found Gold Corp > NFG Reply To Questions

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Post by alwil106 on Aug 29, 2024 7:27pm

NFG Reply To Questions

29 Aug 2024, 21:06 (3 hours ago)

Our apologies for the delayed reply here. Please see answers to your questions below:

Currently three of the six rigs are working on the deep exploration program utilizing directional drilling.
We’re unable to comment on specific directional drilling cost but it does increase the rate at which intercepts can be made at depth.
With a number of ongoing programs the company expects to have further exploration news flow in 2024 for both diamond drilling and results of the Keats trenching program.
Cash and marketable securities of approximately $54 million as of July 2024.

I hope this helps,

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