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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 megacopperon Oct 21, 2021 12:41pm
122 Views
Post# 34033218

RE:RE:RE:RE:RE:RE:RE:RE:$48 Million Investment by Eric Sprott

RE:RE:RE:RE:RE:RE:RE:RE:$48 Million Investment by Eric Sprott

likeike wrote: Mineralization at Fosterville is controlled by late brittle faulting. These late brittle faults are generally steeply west dipping reverse faults with a series of moderately west dipping reverse splay faults formed in the footwall of the main fault. There are also moderately east dipping faults which have become more significant footwall to the anticlinal offsets along the west dipping faults. Primary gold mineralization occurs as disseminated arsenopyrite and pyrite forming as a selvage to veins in a quartz–carbonate veinlet stockwork. The mineralization is structurally controlled with high-grade zones localized by the geometric relationship between bedding and faulting. Mineralized shoots are typically 4m to 15m thick, 50m to 150m up/down dip and 300m to 1,500m+ down plunge, and have average grades of 5 10 g/t Au, with individual assays up to 60 g/t Au.

Mega does this sound like gabros and vugs to you? IKE

 


What is it with you guys and the gabbros? NFG isn't up in Labrador drilling for nickel. Lol

Good comparison of geology below. The Rock Doctor says they are finding the gold in dirty old ocean floor sentiments. Greywacke is what they call it. Of course there is other host rocks as well. 

https://www.newsfilecorp.com/release/61550/New-Found-Gold-Provides-Update-Summarizes-Ongoing-Activities-at-Queensway-Project-Newfoundland
 

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