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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

Comment by megacopperon Aug 19, 2021 6:56pm
236 Views
Post# 33737562

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Question

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Question

diabase1 wrote: A very nice post Megacopper. Take a look at the magnetic map of Newfoundland. Google Magnetic Map of Newfoundland. It's in an article, so you will have to scroll down, past the Labrador map. The next page is the Newfoundland map. The light blue belt that runs thru Gander Lake is the magnetic low that coincides with the Dog Bay Line and the Grub Line. It trends south from Gander Lake and then slightly heads towards the ROX property. I believe the NFG host rocks are greywacke, which are a marine sedimentary rock. These are the same rocks that ROX has. Check their website. Therefore, it would seem that this entire magnetic low (bluish colour) is related to greywacke. Anybody that has property along this magnetic low should be looking for fault zones, that may contain gold.

 https://www.gov.nl.ca/iet/files/mines-geoscience-publications-currentresearch-2009-kilfoil.pdf

 


Yes you are 100% correct. Thanks for the link.  That should be the sweet spot for the right kind of rocks similar to what NFG is hitting. As you say anywhere along there could host epizonal high grade gold right through that trend from coast to coast. Still early days guys. This fall things should heat up for all of the NL gold juniors. 

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