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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 likeikeon Jul 20, 2022 2:57pm
91 Views
Post# 34838021

RE:look who doubled today

RE:look who doubled today

Western Alaska Minerals Intercepts 47 And 101.7 Meters Of Massive Sulfide Replacement Mineralization In Drill Holes WPC22-17 And 18

 
·7 min read
 
 
In this article:
 
 

TUCSON, AZ / ACCESSWIRE / July 20, 2022 / Western Alaska Minerals (the "Company" or "WAM") is pleased to announce additional visual observations of core from its ongoing drilling at the Waterpump Creek carbonate replacement deposit ("CRD"). Visual observations for WPC22-01 thru 13 were released previously (See News Release of July 5, 2022). Assay results from WPC22-07, 08, 11 and 13 are pending and expected shortly.

New Visual Drill Results

Ongoing exploration drilling focused on extending the Waterpump Creek bonanza carbonate replacement mineralization has intersected 101.7 and 47 meters of massive sulfide and banded dolomite sphalerite mineralization in drillholes WPC22-018 and WPC22-017, respectively. Both holes are vertical drill holes.

The 47-meter thick WPC22-17 intercept lies just over 200 meters south and 30 meters west of WAM's 2021 discovery drillhole WPC21-09 (See News Release of November 15, 2021). The 101.7-meter intercept in WPC22-18 was drilled another 50 meters south of WPC22-17 and is the thickest to date at the Waterpump Creek deposit. True thickness of the WPC22-18 intercept is not determinable at this time but the exceptionally long interval may indicate high-angle chimney-style mineralization linking the manto-form mineralization encountered previously. This relationship is commonly seen in CRD's but additional drilling is needed to understand the geometry encountered in these two holes and their relationship to earlier massive sulfide intercepts.

Photos 1 and 2 show the mineralized core encountered in WPC22-17.

Western Alaska Minerals Corp, Wednesday, July 20, 2022, Press release picture
Western Alaska Minerals Corp, Wednesday, July 20, 2022, Press release picture

Photo 1. WPC22-17: 125.5-172.5 - 47.0 meters
Portion of WPC22-17 showing massive reddish-brown sphalerite
intergrown with argentiferous galena

Western Alaska Minerals Corp, Wednesday, July 20, 2022, Press release picture
Western Alaska Minerals Corp, Wednesday, July 20, 2022, Press release picture

Photo 2. WPC22-17: 125.5-175.5 - 47.0 meters
Portion of WPC22-17 showing massive replacement dolomite
with banded sphalerite and argentiferous galena

Photos 3 and 4 show mineralized core encountered in WPC22-18.

Western Alaska Minerals Corp, Wednesday, July 20, 2022, Press release picture
Western Alaska Minerals Corp, Wednesday, July 20, 2022, Press release picture

Photo 3. WPC22-18: 147.2-248.9 - 101.7 meters
Portion of WPC22-18 showing
lead-dominant mineralization with abundant
argentiferous galena in a matrix of dolomite

 

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