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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 Retiredgeoon Oct 21, 2021 4:26pm
175 Views
Post# 34034583

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:$48 Million Investment by Eric SprottI'm going to disappoint you!

The gold bearing fluids followed one deep seated fracture system to surface.  They are not magma related, gabbro or otherwise.  They are collision related (metamorphic/orogenic).

The most likely mechanism of transport was a molecular complex with sulphur, soluble, along with silica and carbonate, in superheated water.  When the sulphur complexes destabilized ~3 Km down the insoluble gold was liberated and the sulphur combined with free metals to form sulphides.  The dissolved silica and carbonate in the cooling water precipitated over everything else leaving behind Gold and sulphides in Quartz-carbonate gangue.

Over the last 430 million years the top 3 km has eroded away leaving the precipitated gold in Quartz-carbonate near surface (the presence of sulphides is considered a good indicator).

None of this has anything to do with gabbros except maybe as a source of the gold down deep.  The superheated water was of metamorphic origin.
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