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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 > Question for Geo types on Technical report April 2024
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Post by Global1966 on Oct 09, 2024 1:13am

Question for Geo types on Technical report April 2024

Can anyone advise on the Recommendations made by the independent consultants at para 1.13 of the April 2024 Technical Report.

Has any of this work been started? Stage 1 is estimated to cost $30 odd million CAD. That's about the cash the company has at present.
Comment by Retiredgeo on Oct 09, 2024 6:54am
Probably not.  Will it ever be done?  Probably not. The recommendations of the independent consultants are non-binding.  The technical report is a legal requirement not a blueprint for going forward. Management will probably stay the course: trenching, channel sampling and deep drilling to confirm that the known structures extend to depth.  
Comment by peschenlo on Oct 09, 2024 7:08am
for SHs to stay course: it`s overdue to get info from management where they are today with trenching, channel sampling and deep drilling and when can we expect first results
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