Queensway = Fosterville on Steroids....?
Fosterville:
- Low-grade, open pit, unremarkable mine until they drilled deep enough to discover the Swan Zone.
- Swan Zone was producing one of the lowest AISC per ounce of any zone in the world with intercepts like the following:
KL Press Release July 30, 2020:
Infill drilling into the Swan Mineral Reserves intersects higher than expected grades with visible-gold; results highlight potential to add ounces to existing Mineral Reserves
Key intercepts:
976 g/t Au over 7.4 m
933 g/t Au over 6.4 m
416 g/t Au over 6.8 m
222 g/t Au over 8.1 m
Queensway:
- Keats Zone already producing mind-blowing grades and widths near surface, suggesting that, unlike Fosterville, there is a pretty good chance that a mining operation built near the Keats Zone could results in a high-grade, open pit mine with great margins right away.
- Similarly, if this area of Queensway is like Fosterville, we could even see much better ridiculously-high grade results if the depths that started the excitment at Swan are drilled at Keats.
- The above two possible scenarios alone are astonishing, but add to that the potential of finding other zones on the Queensway property along the Appleton and/or JBP Faults that have even close to the potential of Keats near surface and it's easy to see why NFG investors are excited to see how things progress.