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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 Jan 26, 2022 10:48am
179 Views
Post# 34362151

RE:RE:Breccia zones

RE:RE:Breccia zonesThe rock should be the same sedimentary rock as everywhere else along the Keates-Lotto corridor. 

It can be difficult to think of rocks as being elastic but under pressure and often heat many will warp, bend and contort into bizarre 3D patterns.  Some layers are nonelastic and will shatter before they bend creating fold breccias.  This breccia zone could have been an exceptionally brittle sedimentary layer which turned into a fold breccia during the continental collision.  At a later date gold bearing fluids came through the Appleton fault and friends seeking a path of least resistance through the rock.

In this scenario this layer would become a stratigraphic target for further gold exploration which plays into the possibilty of large volumes and tonnages.

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