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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. The Company is 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 an 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 also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Post by megacopperon May 22, 2021 7:00pm
431 Views
Post# 33254613

Gold Gold and more Gold

Gold Gold and more Gold

I noticed that NFG are getting more aggressive with their step out holes to the south on the Keats Zone. This latest step out hole was 65 meters further south from the last hole. So the grade is improving at depth towards the southern end of the Keats Zone and the mineralization is dipping to the south getting deeper down as it gets closer to the highway. I mentioned this before that the drill on the Keats is only about 1500 feet from the highway now.  And on the other side of the highway the Knob Zone is about 1 km from the highway but they have put holes in very close (within a couple hundred feet)  on the other side of the highway. The Knob Zone had a historical resource of 77k ounces (near surface) and it is dipping to the north getting deeper as it approaches the highway. I'm going out on a limb and say eventually the two zones will come together deep down underneath the highway. Just my own theory. Still a lot of ground between the two zones but hey it's the weekend and it's fun to dream. 

 

Also on the northern end of the Keats Zone the high grade appears to come very near surface. The Lotto Zone is not very deep and they say it's 2km north of the Keats. I often wonder if all of these zones come together at depth or are they all just offshoots from the main Appleton fault. My guess is the fluid come up through the Appleton fault and spread out through


We know based on a news release from back in January that they intersected high grade gold on the Appleton fault itself that they called the Sunday Zone. (See news release below) This is an important news release below. It appears that the Keats Zone and Lotto Zones are parallel structures to the main Appleton fault offset 200 to 400 meters. Still much to learn but the pieces of the puzzle are coming together and I suspect the NFG geologists have got it figured out now and hence the reason for the more aggressive step out holes. 


https://stockhouse.com/news/press-releases/2021/01/14/new-found-intercepts-18-1-g-t-au-over-6-5m-including-38-7-g-t-over-2-95m-in-new

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