Join today and have your say! It’s FREE!
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Oct 21, 2021 2:44pm
156 Views
Post# 34033954

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:$48 Million Investment by Eric Sprott

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:$48 Million Investment by Eric Sprott

Retiredgeo wrote: The similarities between Queensway North and Fosterville are genetic and textural.  The nitty gritty details of fault patterns, gold mineralization and host rocks are going to be deposit specific.  It is important not to overanalyze or overcompare.

There is a theory that the gold might originate in seafloor volcanic/plutonic rocks (basalt and gabbro) which got deeply buried by the continental collision.   If true, all of that is going to be some 25 kilometres down now.  That is the only connection between Queesway and gabbros that I can think of.  The host rocks in central Newfoundland are the deep seafloor muds and slope debris flows (greywacke) of the Iapetus ocean.

 



There's your answer ike. The gabbros are down deep. Thanks rediredgeo. I'll get a few drinks into the Rock Doctor tonight and get him going on the gabbros. I know back in the Voiseys Bay days he was going on about the olivine gabbros and pendlandtite (nickel) up in Labrador. Lol

<< Previous
Bullboard Posts
Next >>