New Found Gold Corp V.NFG

Press release

[Retiredgeo]

As I have said before Keates West is a composite of two kinds of mineralization.  There are the older, broad domains of low grade, refractory mineralization and then there are the younger, high grade veins running through it.  The high grade veins grab the headlines but the ounces will build up fast in 80 m of 2 g/t close to surface.  A third of an oz over 23 metres is also a fine result.  This is an open pit mine in the making.

More of the holes are now being drilled towards the NE implying that they now have a better handle on vein orientation.  The presence of that second order fault is interesting.  Note that 22-960 was next to that fault and still hasn't been followed up on the other side of the fault (spatial proximity across a fault is rather useless).  Please bear in mind that this is a continental collision zone and the rocks have been thoroughly smashed.  Nothing is as simple as you want it to be.

[Flyder]

Would the two types of mineralization require two different processes for extraction?

[JickRichards]

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[Retiredgeo]

Absolutely.  The high grade gold can be recovered through a simple gravity circuit.  The refractory gold will have to be pulverized and put through a floatation circuit.  I suspect that all of the ore will be treated the same way in the same mill.  The coarse, free gold will be removed early in the processing.  The quartz gangue will then go to the tailings pond and the

[snooker1797]

always apreciate your knowledge and experience thanks for your imput