New Found Gold Corp V.NFG

Keats potential

[Global1966]

I am no geologist but have heard other posters and bloggers on other boards saying that Keats on its own has approx 3-5 million Oz of high grade Au based on drilling to date. This is to a depth of approx 350 metres and it is open 8n all directions.

Is it stretching a long bow, given that originic systems usually go down beyond 1000 metres, that in time Keats zone on its own may hold 8-12 million oz of Au.

Appreciate any geologist's view on this. Thanks in advance

[DanWarren]

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[JohannSebBucc]

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[Retiredgeo]

I agree with the ozs.  The only correction that I will give is that the Keates zone is now open more at depth than in any other direction.  To the North it has flared out into Keates North.  To the south it has gone deep.  To the East and West it is more or less constrained. If it goes down 2000 m that is six times the current estimate.  QH has eluded that such systems

[JohannSebBucc]

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[Global1966]

Thanks @retiredgeo. If KMZ is only the tip of the iceberg, it boggles my mind on the entirety of the system Queensway may be too big to sell in one chunk. They may have to chop it up and auction it off. ES isn't  going to give away the find of his lifetime

[Retiredgeo]

In Denis Laviolette's presentation yesterday he compared the Queensway property to the Abitibi to scale.  He said that they are developing a "mining camp".  Eric/daughters are invested long term for a reason.  If today's market wasn't so anticommodity it would better appreciate what NFG has.  We will have to wait for better times.