New Found is advancing its 100% owned high-grade Queensway gold project, located on the Trans-Canada highway 15km west of Gander, Newfoundland. A 500,000m drill campaign is underway, focused on a 9.5km corridor along the Appleton fault and a 12.4km corridor along the JBP fault. There is also drilling occurring at Queensway South.
Until there is a mine processing the it's just a fancy rock collection. If you miss the first share high and not sell, the values decrease until you sell at a loss. That's how the Big boys squeeze out the little guy. Eric bought blocks of shares and sold high flooding the markets and driving down share value. In my own opinion. Remember that there is no hurry to dig out gold as it doesn't go anywhere.
Thank you Melissa for the site visit recently! Thoroughly enjoyed tracing the nuggets and VG exposed at surface in the Keats' trench. Looking forward to the channel sample results! Hope everyone at the upcoming onsite investor day enjoys seeing the incredible quartz gold bearing vein systems at surface there!
3 months ago the stock closed at $5.26, this week it closed at $3.70--way to go people -- you need to stop with the bs and get some people that know how to develop a mining property
This company simply exists to masturbate over in ground gold estimations. They claim they are "doing it right" but bleeding cash on drill programs without any profits from actual mining is bankrupting people like Eric Sprott. START MINING!!!!
some people 3yrs from now will be watching this and wondering why in the hell they never bought as many stocks as they could at the current price when they had the chance.
An open pit placer mine has been identified in Egypt by G Drumm. Similar in size to today's strip mines, there is no historical record of this mine's period of high production although it is again in production now. Nile delta drill cores and population density maps strongly support dating of peak production of this mine at 14 thousand years.
@@geoffjames6181 I see your post showing you know full well that there is gold at surface, drilling and finding gold at 0.8 kilometers down isn't something I want my investment to be doing.....I view it as burning money at this point. The gold at that depth may never be accessed. It will take a years to even get a permit to mine, I'd like to see a start on that. Have you noticed the share price is 1/2 what is used to be, maybe I'm not the only one not impressed.
New Found Gold Corporation has to read my book: The Art of Dowsing - Separating Science from Superstition ($14.95), by Michael Fercik. I am one of the worlds dowsing savants with having the insight to reverse engineer the physics involved in dowsing and invented the modern light weight ball bearing dowsing rod, which is the only dowsing rod that can precisely gauge what is being dowsed by pitting the energy of gravity against the energizing of the pure one-tenth ounce pure dowsing rod load that is attached on the elevated acetylene welding rod, which free spins on ball bearings. This precisely gauges the dowsing of all edges, exact center, depth buried with angle of deposition, and most important is grading or deciphering the amount of the dowsed element that is contained in the elemental mass that is being dowsed. Everyone can become a professional dowser by practicing the book's dowsing lessons of buried pipelines and electrical cables, tunnels and voids, precious and base metal placer and lode deposits, dowsing for treasure, dowsing for any element, amplified long distance dowsing from a moving vehicle, and dowsing on water from a boat. Maybe in the future, I will have the opportunity to dowse out your complete lode gold deposit for gaining knowledge of unknown extensions and ore shoots at depth and buried close to the surface. I can dowse deeper than a magnetometer's ability, with dowsing actual gold instead of general base and precious metals. I cannot be greedy by charging anyone for my dowsing and dowsing training, as it is my mission to teach the world how to use physics in dowsing with the modern light weight ball bearing dowsing rod, because this dowsing information and technics are too beneficial to the world for myself to selfishly take to the grave with me.
This seems like a lot of hype to sell the individual investor, but I think their ultimate goal is just to explore and develop into the coming bubble in gold prices, and then sell the whole property to one of the top five gold miners.
Supergene surface samples will be stronger than the 40 to 120 feet deep samples.. If there is visible gold it has to be core drilled to 1,000 plus feet of depth for initial evaluation of probable ore body that would require deep blocked out 50 to 100 foot centers with deep core drilling beyond 1,000 feet
Dowsing the gold with the modern light weight ball bearing dowsing rod will decipher all aspects about this gold deposit. The physics involved in dowsing is the same physics used for the electronic gold metal detector with being reverse engineered in the book: The Art of Dowsing - Separating Science from Superstition ($14.95), by Michael Fercik. Instructions for building the modern light weight ball bearing dowsing rod and dowsing the lessons will turn anyone into a professional dowser. This is the only dowsing rod that precisely gauges what is being dowsed by potting the energy of gravity against the energizing of the pure one-tenth ounce dowsing rod load that is attached on the elevated acetylene welding rod, which free spins on ball bearing. The accurate dowsing deciphers all edges, exact center, depth buried with angle of deposition, and most important is grading or determining the amount of the dowsed element that is contained in the elemental mass that is being dowsed.
@@geoffjames6181 I think they have a GREAT resource but they need to monetize it. I am very bullish on this ticker and just bought back into it today based on the chart.
Thank you Greg for explaining this. It is very interessting. I never saw a company communicate so openly what they do. Please continue the great work. This will become a great project.
Do you think you guys will use bigger tow behind diesel pumps (4" to 6") in the future or just smaller trash pumps? I have a lot of experience running them (that's what I've been doing for the past 5 years) and would love to get a job back home running them there. Currently in Alberta but would love to move back to NL.
The overburden has to be removed from bedrock veining for geologists to get a clear idea of the whole geophysical picture. The mining infrastructure that eventually goes in underground will see a great deal of wasterock deposited at the surface in stockpiles. Remediation of mines and the surface environment once they’re done is paid for in the run-up to commercial production. Mining projects run in the billions(as I think this one will) and the forest gets cleared off as the overburden is removed. The remediation and water sampling care and maintenance is part of the closing up of the business years down the road. They make holes in the ground, it’s messy. Lots of mud and machinery and noise. But if you really want to look up the cost of reclamation, it’s probably going to go into the preliminary economic analysis once the channel sampling and drilling is completed, and the total available resource is tallied up. Nobody’s a sculptor here. It’s all engineering and geophysical work mostly. When they cleared the land for the city you live in, were you there to complain about how all the trees were cut back and never replaced? At least here, they’re under obligation to provide for the eventual reclamation.
@@effingsix3825 difference is... I need a place to live. No one needs more gold there is plenty above ground. Furthermore this narrow vein crap is totally unmineable hence the stock price.
@@user-bz8dv3lx5x if you want, you can volunteer to personally replace all the trees by hand. Gold mining gets the lion’s share of exploration dollars. In terms of abundance, gold is rare as it’s used in its traditional role of a store of value. The precious metals markets as a whole represent maybe 1% of the total investment dollars, when at one time, it used to represent 5% of the total investment dollars. If you build a gold mine in this kind of rock, it’ll last for decades, and always turn a profit. Whether you like it or not, this mine will get built at the expense of some acreage in the forest. It will contribute to Canada’s economy, providing benefits to society as a whole out of the money that’s literally dug up out of the ground. If the prospect fails, because many exploration prospects do, then someone else will come along and restart proceedings. Will the mine get built in this cycle? Really good question, as they haven’t tabled a resource. Am I insulted by how low the share price is? No, because I want my entry point to be as cheap as possibly can be managed.
Thank you Greg for a clear, concise explanation of the trench and channel sampling process currently underway at QWN. It's going to be great to come out this summer and view the two areas being sampled and visit with the awesome team at New Found Gold!
Yes. The right field / safety training is paramount to everyone getting to go home at the end of the prospecting day! In one piece! I am an NFG shareholder, a past lockout / crane trainer / employee of a manufacturing company. Maintaining a daily checklist of safe work practices, takes only a moment at the beginning and completion of work activities. Continuous improvement involves more than just "out of the park drill results"!
