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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 04, 2024 9:40am
165 Views
Post# 35810283

RE:RE:Press release

RE:RE:Press releaseAccording to page 78 of the technical report the top 3 Kms has been eroded away.  This is not to say that the top 3 kms of gold mineralization has been eroded away.  In these orogenic gold systems gold precipitation occurred in one or more bands for unique reasons.  How much gold have we lost? - some.  How much gold is left? - we don't know.  QH has a gut feeling that there are probably a few Kms of gold thickness left.  I will guess two.

You can't compare the erosion levels of the AFZ and Fosterville.  Both regions have been extensively folded after mineralization and the gold veins pushed up, down and sideways.  Then they were eroded to the present levels.  Some of Fosterville's best zones were folded deep.

Finding the gold veins at depth is like finding the cherries in a squished black forest cake which has been partially eaten.  Welcome to structural geology.
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