New Found Gold: Is It A Buy Again?

Summary

• New Found Gold Corp.'s latest triumphs include two particularly notable gold hits.
• The company says it struck 4.43 g/t gold over 43.40 meters at Keats West.
• New Found Gold is also launching a new 10,000-meter drill program at Queensway South, where it previously hit gold mineralization in 27 of 33 drill holes.
• Another gold stock that owns New Found Gold shares may be a better buy here, however.

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New Found Gold and Palisades Goldcorp Portfolio Developments

This is an update on New Found Gold Corp. (NYSE:NFGC), a top tier gold explorer focused on advancing the Queensway project in Newfoundland, Canada.

In my most recent

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NFGC, PLGDF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.