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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 Jan 26, 2022 9:19am
186 Views
Post# 34361646

RE:Breccia zones

RE:Breccia zones

Retiredgeo wrote: Breccia zones seldom match Quartz veins in grade but their volumes and tonnages can be far greater.  This press release probably doesn't mean anything to a speculator but to a mine builder it can be a nexus moment.

 



It's interesting that the Rock Doctor had the same reaction to this news as you and was really excited by this news. He said anytime you can get that kind of grade in breccia type rock is a really good thing and he said this could add a lot of tonnage to the deposit if they find a lot more of it.  Well duh thanks for that one Captain Obvious. Lol


Personally I wasn't as thrilled with it but I see the geologists seem to be excited by this news. His words that anytime you can hit an ounce of gold over mineable widths is really good news. I guess I'm getting spoiled with the two and three ounces over similar widths. Lol

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