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Stock impact report

New Found Gold Corp. Announces Initial Mineral Resource Estimate [Yahoo! Finance]

New Found Gold Corp (NFGC) 
Company Research Source: Yahoo! Finance
Inferred Mineral Resource: 10.7 Mt grading 1.77 g/t Au, for 0.61 Moz. Quality of Asset: High grade veins starting at surface with minimal overburden cover provides for quick, easy access and potential for selective mining opportunities. High-grade core : 73% of the ounces are contained in 24% of the tonnage in the indicated category within the Mineral Resource pit shells. Camp Potential: The initial MRE sits within a less than 5% portion of the 110 km long strike extent of the two major structures controlling gold mineralization, where numerous additional gold targets have been identified. Infill Potential: This initial MRE has clear potential for expansion between and within the initial MRE pit shells. Expansion Potential : Recently announced high-grade gold intersections beyond the initial MRE footprint demonstrates that gold mineralization remains open for expansion beyond this initial MRE both along strike and at depth, with most of the drilling focussed within the firs Show less Read more
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