NFG

New Found Announces Update to $48 Million Investment by Eric Sprott

Retrieved on: 
Wednesday, November 17, 2021
Mining, Minerals, Natural Resources, Legislation, Gander International Airport, NFG, NYSE American, Indian stock exchange, Accident, Highway, Gold, Offering, TSX Venture Exchange, Mark (given name), SEDAR, Risk, Queensway, Workforce, Forward-looking statement, Program, Bias, Company, Nature, NYSE, Eastern Analytical Symposium, Management, Administrator, Risk management

About New Found Gold Corp.

Key Points: 
  • About New Found Gold Corp.
    New Found holds a 100% interest in the Queensway Project, located 15 km west of Gander, Newfoundland, and just 18 km from Gander International Airport.
  • With a current working capital balance of approximately $98 million which is anticipated to increase to approximately $143 million on closing of the Offering, New Found is well funded for this program.
  • To contact the Company, please visit the Companys website, www.newfoundgold.ca and make your request through our investor inquiry form.
  • Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.

New Found Announces Acquisition of Royalty Interests Underlying its Keats-Golden Joint-Lotto Discoveries

Retrieved on: 
Monday, November 15, 2021
Mining, Minerals, Natural Resources, Gander International Airport, NYSE American, Accident, Risk, Eastern Analytical Symposium, Administrator, Legislation, NFG, SEDAR, Forward-looking statement, Indian stock exchange, TSX, TSX Venture Exchange, Nature, Highway, Department, Mark (given name), Queensway, Program, Royalty, History, Blockchain.com, News, Gold, Workforce, Natural Resources, Government, Bias, Company, NYSE, Security (finance), Risk management

New Found had previously granted the Vendors the Royalty Interests under a Net Smelter Royalty Agreement dated as of July 15, 2016.

Key Points: 
  • New Found had previously granted the Vendors the Royalty Interests under a Net Smelter Royalty Agreement dated as of July 15, 2016.
  • These properties cover key target areas on the Companys Queensway Project and include the Companys Keats, Golden Joint, and Lotto discoveries.
  • Subsequent to completion of the transaction, there will remain a low royalty burden of just 0.4% on the ground covering the Keats-Golden Joint-Lotto-Big Dave corridor.
  • The Royalty Purchase Agreements are subject to the satisfaction of customary closing conditions and TSX Venture Exchange approval.

New Found Announces Update to $48 Million Investment by Eric Sprott

Retrieved on: 
Thursday, November 11, 2021
Mining, Minerals, Natural Resources, Legislation, Gander International Airport, MI, NFG, NYSE American, Indian stock exchange, News, Income Tax Act, Section 50C of the Isle of Man Income Tax Act 1970, Accident, Highway, Gold, Offering, TSX Venture Exchange, Mark (given name), SEDAR, Risk, Queensway, Workforce, Forward-looking statement, Program, Company, Nature, NYSE, Multilateral, Management, Administrator, Security (finance)

The Company has agreed with Mr. Eric Sprott that the Common Shares will qualify as flow-through shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).

Key Points: 
  • The Company has agreed with Mr. Eric Sprott that the Common Shares will qualify as flow-through shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).
  • Mr. Sprott currently beneficially owns 31,601,200 common shares of New Found.
  • Upon closing of the Offering, Mr. Sprott will beneficially own 36,601,200 common shares of New Found.
  • In the event the TSXV requires shareholder approval of the Offering, the Company will call a special meeting of its shareholders.

New Found Initiates Use of Chrysos PhotonAssay™ Method for Queensway Drilling, Anticipates Reporting First Assay Results Shortly

Retrieved on: 
Monday, November 8, 2021
Mining, Minerals, Natural Resources, Gander International Airport, Industry, National instrument, Accident, Particle-size distribution, Disclosure, Bulyanhulu Gold Mine, Risk, Gold, Administrator, Legislation, NFG, Technology, SEDAR, NVO, Forward-looking statement, Element, TSX, CSIRO, TSX Venture Exchange, Nature, Mining, Private Securities Litigation Reform Act, Highway, Mark (given name), Silver, Program, NYSE American, News, Workforce, Novo, Partnership, Bias, Company, EDGAR, NYSE, Kirkland Lake Gold, Oil, Tunnel, Microscope, Chrysos PhotonAssay, New Found Gold Corp., CHRYSOS PHOTONASSAY, NEW FOUND GOLD CORP.

The utilization of the Intertek facilities in Perth will allow the Company to immediately proceed with utilizing the Chrysos PhotonAssay for the assay of drill core currently being produced at Queensway.

Key Points: 
  • The utilization of the Intertek facilities in Perth will allow the Company to immediately proceed with utilizing the Chrysos PhotonAssay for the assay of drill core currently being produced at Queensway.
  • The Chrysos PhotonAssay method is non-destructive and New Founds QA/QC program will include fire assay/metallic screening of sample material post photon assay for comparison of the results.
  • We would like to thank Novo Resources Corp. for facilitating swift access for us to the Intertek Chrysos PhotonAssay facilities.
  • Recognizing the nuggety nature of gold mineralization at Queensway, the use of non-destructive, Chrysos PhotonAssay method on whole-core samples will contribute significantly to optimising the accuracy of our assay results.

New Found Provides Update on Its QA/QC Program and Announces Collaboration with MSALABS to Utilize Chrysos PhotonAssayTM Methods for Its Queensway Project

Retrieved on: 
Thursday, November 4, 2021
Mining, Minerals, Natural Resources, Legislation, Gander International Airport, NFG, Private Securities Litigation Reform Act, News, National instrument, Consultant, Director, EA, Accident, Highway, Gold, CO2, Department, TSX Venture Exchange, Technology, Mark (given name), Risk, ALS, SEDAR, Multimedia, Scatter plot, Workforce, Natural Resources, Forward-looking statement, Program, Government, Partnership, Bias, Company, Laboratory, RSC, Nature, NYSE American, Board of directors, NYSE, EDGAR, Hazardous waste, Time, QA/QC, Eastern Analytical Symposium, Administrator, Tunnel, Cryptocurrency, Risk management, Cassette tape, Coke (fuel), Palladium

Results from a set of 10 similar half-core verification samples were received and reviewed in May 2021.

Key Points: 
  • Results from a set of 10 similar half-core verification samples were received and reviewed in May 2021.
  • Two test programs have been designed by RSC with input from the Company to identify the potential sources of bias.
  • As part of this transition, we are particularly excited to be advancing towards the use of the Chrysos PhotonAssayTM assay method.
  • The Chrysos PhotonAssayTM assay method is gaining wide acceptance and is being used by industry leaders such as Barrick.

New Found Announces Doubling of Drill Program to 400,000m and Increase to 14 Drill Rigs

Retrieved on: 
Monday, October 25, 2021
Gander International Airport, TSX Venture Exchange, Appleton, John Keats, Workforce, National instrument, NYSE, Highway, Mark (given name), Company, NFG, Program, News, Lotto, Tunnel

To date the Company has completed approximately 51% (~102,000m) of its current 200,000m diamond drill program at Queensway.Approximately 24,000 meters of drill core is pending assay results.

Key Points: 
  • To date the Company has completed approximately 51% (~102,000m) of its current 200,000m diamond drill program at Queensway.Approximately 24,000 meters of drill core is pending assay results.
  • New Found is targeting an increase in the drill count to 14 rigs with the addition of two core rigs by the end of 2021, followed by two additional rigs in Q1 2022.
  • The ramp up from 9 to 14 drills represents a 55% increase in the drill count with a corresponding increase in the rate of core productionfrom approximately 3,000m per week to approximately 4,700m per week.
  • New Found plans to increase the current program at the Queensway project to a total of 400,000m, including the approximately 102,000m completed to date.

New Found Announces $48 Million Investment by Eric Sprott

Retrieved on: 
Thursday, October 21, 2021
IPO, Gander International Airport, TSX Venture Exchange, Workforce, New Found Glory (album), NYSE, Indian stock exchange, Highway, Mark (given name), Gold, Queensway, Company, NFG, Board, Offering, Program, News, Director, Security (finance)

Collin Kettell, Founder & Executive Chairman of New Found Gold stated: "Mr. Eric Sprott has been a major supporter of New Found Gold since prior to the Company's IPO.

Key Points: 
  • Collin Kettell, Founder & Executive Chairman of New Found Gold stated: "Mr. Eric Sprott has been a major supporter of New Found Gold since prior to the Company's IPO.
  • On behalf of management and the Board of Directors, I would like to thank Eric for his continued support."
  • Upon closing of the Offering, Mr. Sprott will beneficially own 36,601,200 common shares of New Found.
  • With a current working capital balance of approximately $103 million, New Found is well funded for this program.

National Fuel: Teleconference Announcement

Retrieved on: 
Tuesday, October 19, 2021
National Fuel Gas, Utility, NYSE, NFG, Calendar, Webcast, Western New York, GLOBE, Review, Conference, ID, LLC, Principal, Natural gas, Company

WILLIAMSVILLE, N.Y., Oct. 19, 2021 (GLOBE NEWSWIRE) -- You are invited to participate in a teleconference to review National Fuel Gas Companys (NYSE:NFG) fourth quarter fiscal 2021 results and hear an update on the Company and its operations.

Key Points: 
  • WILLIAMSVILLE, N.Y., Oct. 19, 2021 (GLOBE NEWSWIRE) -- You are invited to participate in a teleconference to review National Fuel Gas Companys (NYSE:NFG) fourth quarter fiscal 2021 results and hear an update on the Company and its operations.
  • The teleconference will be held on:
    Representing management will be David P. Bauer, President and Chief Executive Officer; KarenM.
  • This teleconference will be simultaneously webcast online in a listen-only mode at the National Fuel website: investor.nationalfuelgas.com .
  • Additional information about National Fuel is available at www.nationalfuel.com .

New Found Intercepts 61.50 g/t Au over 5.20m at Keats 65m Step-Out, Extends High-Grade Zone to 530m Down Plunge

Retrieved on: 
Thursday, October 14, 2021
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Intervals are calculated at a 1 g/t Au cut-off grade and minimum width of 2m; grades have not been capped in the averaging.

Key Points: 
  • Intervals are calculated at a 1 g/t Au cut-off grade and minimum width of 2m; grades have not been capped in the averaging.
  • The Keats Main Zone now extends 530m down-plunge, an increase of 65m from the previously reported distance of 465m defined by the furthest intercept to date in NFGC-21-360 grading 61.50 g/t Au over 5.20m.
  • All of our drills at Keats and along the Appleton Fault are currently focused on expansion of these high-grade gold systems."
  • Continued step-out drilling will work to expand mineralization south and up-dip of the core dilatational zone within the Keats Main Zone.

Nullagine Gold Project Production Update

Retrieved on: 
Tuesday, October 12, 2021
Initial public offering, Company, Silver, Intertek, LP, National instrument, Risk, Mining, Techno-economic assessment, COVID-19, Eagle, Gold, GLOBE, Safety, SEDAR, Investment, Q2, NVO, Board, News, TSX, Review, Forecasting, Mineral, Proprietary company, NFG, Lithium, Uranium, Platinum, Cryptocurrency

VANCOUVER, British Columbia, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) provides a Q3 2021 operational update from Beatons Creek, located in Nullagine, Western Australia.

Key Points: 
  • Production in Q3 2021 totalled 18,144 ounces of gold, representing a 22% increase over Q2 2021 production of 14,890 ounces of gold.
  • Q3 2021 gold sales totalled 18,753 ounces of gold and 2,399 ounces of silver, representing a 34% increase over Q2 2021 gold sales of 13,958 ounces.
  • The Company experienced a Q3 2021 average realized gold price of A$2,483 compared to a Q2 2021 average realized gold price of A$2,4012.
  • The Company cautions that the declaration of commercial production only indicates that the Nullagine Gold Project is operating at anticipated and sustainable levels and it does not indicate that economic results will be realized.