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Newfoundland & Labrador Ranked #4 Mining Jurisdiction in the World by Fraser Institute
VANCOUVER, British Columbia / May 05, 2023 / Business Wire / New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) announces that Newfo
About this update from New Found Gold Corp
[{"type":"text","content":"VANCOUVER, British Columbia / May 05, 2023 / Business Wire / New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) announces that Newfoundland & Labrador has been ranked the 4th most attractive jurisdiction in the world in terms of mining investment according to the Fraser Institute’s 2022 Annual Survey of Mining Companies (the “Report”) released this week. The Report ranks 62 jurisdictions worldwide based on their geologic attractiveness and government policies affecting exploration investment. The jurisdiction of Newfoundland & Labrador has moved up from 21st place in the Fraser Institute’s annual report for 2021. Ron Hampton, Chief Development Officer of New Found, commented: “We are pleased that the Fraser Institute recognizes what New Found has known all along, that Newfoundland and Labrador is a world leading jurisdiction for exploration and mine development. New Found’s Queensway project not only benefits from this world class jurisdiction, but also benefits from excellent logistics being next to the Trans-Canada highway, with access to renewable hydro power on site, and an available local workforce along with community and government support. With all these positives, the Queensway project is a developer’s dream situation.” About New Found Gold Corp. New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland and Labrador, and just 18km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 500,000m drill program at Queensway and is well funded for this program with cash and marketable securities of approximately $60-million as of May 2023. Please see the Company’s website at www.newfoundgold.ca and the Company’s SEDAR profile at www.sedar.com. Contact To contact the Company, please visit the Company’s website, www.newfoundgold.ca and make your request through our investor inquiry form. Our management has a pledge to respond to investor inquiries within 24 hours. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsi...