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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Comment by diabase1on Aug 19, 2021 2:57pm
249 Views
Post# 33734162

RE:RE:RE:RE:RE:RE:RE:RE:RE:Question

RE:RE:RE:RE:RE:RE:RE:RE:RE:QuestionA very nice post Megacopper. Take a look at the magnetic map of Newfoundland. Google Magnetic Map of Newfoundland. It's in an article, so you will have to scroll down, past the Labrador map. The next page is the Newfoundland map. The light blue belt that runs thru Gander Lake is the magnetic low that coincides with the Dog Bay Line and the Grub Line. It trends south from Gander Lake and then slightly heads towards the ROX property. I believe the NFG host rocks are greywacke, which are a marine sedimentary rock. These are the same rocks that ROX has. Check their website. Therefore, it would seem that this entire magnetic low (bluish colour) is related to greywacke. Anybody that has property along this magnetic low should be looking for fault zones, that may contain gold.

 https://www.gov.nl.ca/iet/files/mines-geoscience-publications-currentresearch-2009-kilfoil.pdf
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