RE:RE:RE:RE:Txs ...compared to Great BearGoldCasino wrote: megacopper wrote:
Global1966 wrote: The resource figure they announce initially will not be anywhere near what ongoing exploration over 5 to 10 years will prove up. Fosterville has been pulling high grade stuff out for 5 years and still has 2 million ounces in reserves and they expect to find more. I think they produce 500k ounces a year.
NFG has at least 4 highly prospective targets.
I cant wait for the assay results to be announced over the next few months.
$50 is a minimum. Dyor
Yep I'm going with a $50 minimum and if they announce more drill results similar to these latest few drill holes I think we will have to increase that figure to a $100 minimum. The bottom line is nobody knows for sure so it's just a guess. So many unknowns. If they can get a couple more high grade zones similar to the Keats who knows how high NFG will go. The Queensway property is so good there isn't much out there to compare it to. Perhaps the Fosterville property but all the high grade was down deep with that one, not up near surface like Queensway. I can envision three or four zones producing between 250,000 and 500,000 ounces per year for each zone. And I'm just basing this on the Queensway North property. The shear size of this property is immense. A lot of real estate in there just on the Queensway North property. I can easily see ten million ounces just on the Keats Zone. So much has already been found from surface down to about a 250 meter vertical depth and these types of systems can go down to more than 1000 meters. The mineralization at the Keats Zone appears to be getting thicker and the grade better at depth based on recent news releases. The best is still to come in my opinion.
Quinton Hennigh has already said the Lotto Zone is similar to the Keats Zone. Not sure if he meant geologically speaking with regards to the type of mineralization or the physical size of the zone. We just don't know but based on the holes released it looks really good. Dennis Laviolette said they got a tiger by the tail referring to the Lotto Zone and there are rumours of another high grade zone out there somewhere. I think I know where this mystery zone is located now based on the current location of the drills. I have ruled out the Knob Zone which I originally thought they had something good over there on the other side of the highway. They aren't drilling over there any longer from what I can see, or can't see. Zero activity over there.
So we already know a lot of information based on past news releases and sizing up the trend and direction of mineralization I think all of these zones will eventually be proven to be connected. Of course this isn't confirmed yet or at least not that we know of but the physical footprint is growing out there from what I can see. No trouble to tell where the good stuff is out there now. Two drills on the far southern end where they are extending the Keats Zone at depth. One drill on the far northern end of the Keats Zone. Only one drill on the Lotto Zone by the looks of it. And there are two drills in between the Lotto and Keats. I wonder what they could be doing in there. Hmmm enquiring minds would love to know (the mystery zone perhaps) So there you have it. Six drills lined up over a 3 km strike length parallel to the Appleton fault and I heard that there is a couple drills over on the JBP fault near H Pond and Pocket Pond.
I still don't think they have got ten drills in there yet like they had wanted but who knows for sure. A lot of terrain with hills and trees so it's easy to miss a few drills. Lol And I have heard the number of drills could be going up to 16 by the fall. Huge exploration project that will end up with several producing high grade gold deposits. This gold system is absolutely huge. And the grade is phenomenal. It just doesn't get any better. I think all of us will be blown away with how good this property is and how high NFG will eventually go to especially when you put a rising gold price in the equation. Wow!!! This one is a biggie!!!
Early on when presented with the Queensway data, QH couldn't stop using expletives. There was talk about getting him a T-Shirt printed up. Instead, he used the descriptive "GODZILLA" when referring to Queensway so often they eventually bought him a custom neon sign. You can see the "GODZILLA" sign behind him lit up in the Crescat Capital videos.
GODZILLA would be a great new name for the new mystery zone. I can read it now. New Found Gold hits a new zone called the GOZDILLA ZONE in black bold letters. That would get people's attention. I'm really getting excited for this upcoming week. I just got that feeling something big is going to happen for NFG.