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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 diabase1on Sep 19, 2021 7:01pm
191 Views
Post# 33885006

RE:RE:RE:RE:RE:RE:“Mind the Gap”

RE:RE:RE:RE:RE:RE:“Mind the Gap”Megacopper, take a look at page 14 of 37 of the Corporate Presentation, under Structural Setting. On the right hand side, the cartoon shows the Dog Bay Line on the left and the Grub Line on the right. Between them are 2 vertical white lines that could be the Appleton Fault and the JPL Fault. Looking at the entire cartoon, it tells me that the Grub Line is a thrust fault that is dipping to the west. I'm just guessing, but wouldn't those 2 vertical lines (Appleton Fault and JPL Fault) terminate at the juncture of the downward Grub Line Fault? Of course, this may depend on which faults were there first. If the Grub Fault was there last, then the Appleton and JPL will have been displaced at depth. Retiredgeo may have some comments too. There's no question that a reflective siesmic survey should be carried out. 
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