RE:RE:RE:RE:Swan and Eagle Zones at Fosterville thanks R-geo, agree, agree, agree.
sorry for my limited scope on this but doesn't the whole Claim makeup predetermine the potential for quartz-carbonate veins to exist ?
(and having them at surface and near-surface doesn't hurt either LOL).
again thanks for sharing your expertise.
Retiredgeo wrote: No rock is stable under surface conditions. Rocks fragment into sand, silt and clay which eventually forms layers, either on land or underwater. If the rock was mostly quartz and feldspar it forms siliclastic sediment which can get buried and squeezed into siliclastic sedimentary rock.
If you cook that rock under heat and pressure it turns into a slate than a phyllite then a schist then a gneiss and eventually a half melted rock called a migmatite. Most of the Canadian shield is gneiss and migmatite. The Appalachians are slate to schist. Newfoundland is a mix of everything depending on where you look.
To NFG it is all irrelevant/worthless country rock which fractured long ago allowing gold bearing fluids to flow through and eventually form the white quartz-carbonate veins which are the exploration targets.
I am impressed with the shear volume of exploration target that NFG has, the grades to date and the fact that they have just scratched the surface of what is there! The potential of a new gold mining camp is enormous. A new Abitibi?? I understand Eric Sprott's interest. If I had the money I would snap up 20% for myself even at todays' prices.
It is a f...ing shame that we are having such assay lab trouble this summer. Oh well, good things come to those who wait.
"Rocks in our heads"?? There are dollar signs in mine. I am anticipating a share price appreciation of $10/share/year for the next 10 years or until NFG is bought up. If they have a brand new high grade gold mining camp such share price appreciation is not unreasonable.
I have read "$20/share by the end of this year". I will be happy with $14/share by the end of this year which would be the $10/share/year increase.