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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 Dec 14, 2021 6:52pm
217 Views
Post# 34230905

RE:RE:RE:RE:RE:RE:RE:RE:Keats Oz

RE:RE:RE:RE:RE:RE:RE:RE:Keats Oz

Retiredgeo wrote: No it will not.  The fluid conduit goes down some 25 km but the gold mineralization was triggered by an event at a specific depth.  There are limits to the gold mineralization.  We don't know what those limits are there but they are there.  I will be very surprised if there is anything beyond 1500 m depth.

 


Yes based on what I have read about these types of orogenic gold systems most go down about 1000 to 1500 meters. However, you just never know what Mother Nature has in store for us. This gold system seems very robust along the Appleton Fault so I'm optimistic and think the potential is absolutely mind blowing along the entire fault and at depth. NFG has had great success in the first 300 meters from surface so I can't wait to see what they hit down to 1500 meters and possibly even deeper. It could be a very long time until we know what they will eventually hit at those depths. Let's find as many jewelry boxes near surface first. 

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