RE:RE:NFG vs Kirkland Lake - Mega Epizonal Deposits - Part 2
AlwaysLong683 wrote:
Geo, thanks so much for posting the link comparing Queensway to Fosterville.
Quinton Hennigh quote from the video:
"Queensway - it's one of these few exceptions were we have a well-preserved epizonal environment.
The other place of course is in Victoria State at the Fosterville mine, there is epizonal mineralization preseved there as well.
Fosterville had a mine from surface down to the high-grade of 800-metres or thereabouts.....it was down a ways......it took 20 years of mining to evolve down into the high-grade.
This isn't the case at Queensway. These things are basically sticking their nose out of the ground at grassroots, so that's a wonderful metric to use.
That's a big plus: Open pit high-grade, gimme a break...that's fantastic!"
Looks like Queensway could be a super-sized version of Fosterville.
Yes the Queensway property is a terrific example of an high grade epizonal type gold discovery right near surface. And this mineralization extends right through the entire 115 km property. The potential is absolutely huge.
As far as the stock goes there is nothing wrong with taking a little profit. Nothing goes straight up. The stock went up fast so of course it had to consolidate a little. It wouldn't surprise me to see come back and fill the gap and trade down to $7 before resuming its upward trend. Could possibly happen tomorrow but it will be short lived in my opinion. NGF is onto a monster high grade gold discovery so there will be plenty of good news coming out for weeks and months with 10 drills turning so who knows for sure where the stock will end up. If I had to guess I'm thinking somewhere between $15 and $20 relatively soon but just like everyone else it's just a guess. The fun is just getting started.