Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by megacopperon Jul 07, 2021 12:45am
273 Views
Post# 33503902

RE:RE:RE:Road, Sunday, Cokes results

RE:RE:RE:Road, Sunday, Cokes results

Kewl002 wrote: Question on the video -- when Denis indicated (toward the start of his portion) that NFG has drilled into the Appleton Fault itself (w/rich assay) he indicated that having mineralization within the fault itself puts a different perspective on the potential.

What does he mean by this? What are the implications of a richly mineralized core coming directly from the fault itself. The way he said the comment, it left me with he impression that this is unusual and therefore exceptionally good?

Would appreciate any comments that might shed light on the above.

BTW - I used the price weakness today to buy a second position in NFG. Agree with whomever suggested it, that today's PR may well have been a summary for potential US investors so that they can get up to speed quickly when the US listing begins. IMO - a very impressive PR with significant detail for deep pocketed investors.

 


You are probably correct about this news release giving US investors a summary of exploration details to date on the Queensway property. And that is the only intersection that I'm aware of through the Appleton fault itself and they hit 6.5 meters of 18 g/t at the Sunday Zone I think it was at the Appleton Fault itself. I think it's obvious the implications of that intersection because the Appleton Fault stretches through the entire 115 km Queensway property so I think he's implying it's possible the entire fault could have gold not only along the entire length but it could possibly be to a 1000 meter depth as he mentions in the video and is similar to Fosterville which goes down even deeper in some areas.

 

Personally I don't think the entire Appleton Fault will have gold like what was encountered at the Sunday Zone. The reason I don't think it will is because usually the pressure at the suture or fault is much greater than the surrounding rock so the hot fluids from deeper down carrying the gold gets squeezed into the fractures and offsetting faults coming off from the main fault. I think for the most part the Appleton Fault itself will be very narrow high grade gold. 



But having said that it could still add up to a lot of ounces because of the overall length and depth of the Appleton Fault. But it's the offsetting faults and fractures on either side of this long suture in the earth's crust that will contain most of the gold. And because these zones are relatively narrow they are difficult to find and track through the ground because the orientation can be all over the place. So it is truly amazing that NFG has had so much early success. It makes me believe that this is a very robust high grade gold system with lots of high grade zones given that they now have at least 3 zones discovered in only a 2 km stretch and that number will be going up. This gold system is off the charts. Fosterville is the only thing that even comes close to it but I really think Queensway will make Fosterville look small. There is just so much high grade gold all over the place and the drill core is spectacular and over 30 meter intersections in some cases but even the smaller 5 meter intersections are above 100 g/t. Most gold companies consider 10 g/t to be high grade never mind 430 g/t. Absolutely incredible. Mind blowing!! 

<< Previous
Bullboard Posts
Next >>