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Stock impact report

New Found Gold Corp. Provides Queensway Gold Project Overview and Plans; Files Technical Report [Globe and Mail, The (Toronto, Canada)]

New Found Gold Corp (NFGC) 
Tier 1 Jurisdiction: Mining-positive government, access to highway, port, airport, low-cost green power and skilled local workforce Initial Mineral Resource Estimate: 70% of the initial MRE ounces are in the indicated category 10.7 Mt grading 1.77 g/t Au, for 0.61 Moz (inferred) High-Grade Veins Exposed at Surface: 73% of the ounces are contained in 24% of the tonnage (indicated) within the Mineral Resource pit shells The opportunity for high-grade starter pits is being investigated as part of the preliminary economic assessment ("") currently underway and scheduled for release in late Q2/25 Planning to commence bulk sampling H1/26 Versatile Deposit: The Mineral Resources are defined within a series of open pits, which creates flexibility with respect to mine planning, grade sequencing and tailings deposition strategies The potential to leverage in-pit tailings storage is being investigated as part of the PEA Project Growth: the initial MRE has potential for expansion betw Show less Read more
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