RE:RE:RE:Several high priority targets over 7.8 km
likeike wrote: Megacopper and Bluechipper,
In my mind these Lotto drill results have confirmed multiple zones and maybe
possibly 2 more but will probably take 6 months to find out or more accurately be
double dang sure it is there.
New zones aside I cannot believe how mute we have been from our 240 meter
deepest results so far and as BC has alluded to Au is heavy and tends to settle
deeper. This finding so much gold near surface still has a lot miners scratching
their heads and has made the market sit on their hands.......Can you believe
the heads being blown clear off their heads when we start showing consistantly
the cores are getting higher the deeper we go down? Megacopper help me
how deep is bedrock in the keats.? I know Noranda drilled to bedrock in Knob
area.....How deep was that?
Who was that said "Deep and wide, Deep and wide, there is a fountain flowing
deep and wide?
Only 300 million years ago it flowed well into Newfoundland and Labrador. IKE
I Noranda concentrated most of their drilling on the Knob Zone on the other side of the highway and they didn't t drill any deep holes. I was told most were shallow only about 50 meters deep with a few perhaps to 100 meters. Keep in mind Noranda was mainly a base metals company and any gold exploration work on the island wasn't extensive and only for a short period of time. And I don't think that prior companies understood the nature of these epizonal type gold structures. This system at Queensway is very young (300 million years) compared to Fosterville (2 billion years old) so much of the system is well preserved and hasn't been eroded off by glaciers and weather. That is why there is so much high grade gold near surface at Queensway. Most of the gold grains are pristine so they haven't travelled far from their source.
That being said it is very easy to miss the very high grade splays or offshoots from the Appleton Fault because they are relatively narrow geological speaking. Most of the extremely high grade gold is found in zones of only a few meters to 15 meters wide so it is easily missed during drilling. That is why it's important to drill a lot of holes with small spacing between the holes of ten meters or less to figure out the orientation of the high grade shoots of gold. A few of the holes had widths of 20 to 30 meters at Keats but some at Lotto so far were only a few meters but extremely high grade. This latest hole of 150 g/t over 11.5 meters at Lotto is starting to prove it too could be as good at the Keats discovery and the company has now basically come out and said they expect to find repeated epizonal high grade gold zones. So I'm thinking the rumours floating around the back roads are true. I have no doubt in my mind now they have found similar high grade zones in between the Lotto and Keats.
This is a rare gold system with a lot of ounces found in a very small volume of rock so it's very valuable and the cost of mining will be very low as a result. Queensway will become the richest gold system on the planet. Just consider what has been accomplished in less than a year of drilling. It is truly remarkable and all of this only in a 2 km stretch so far of a 115 km stretch of the favourable Appleton Fault structure across NFG's total land package. And the gold anomalies at Queensway South make this stuff to the north look small. I'm not joking. It could actually be bigger and better if that's possible. It is an incredible high gold system and I think we will all be amazed at how extensive it is. Beyond our wildest dreams!!!