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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 Dec 14, 2021 3:32pm
145 Views
Post# 34230241

RE:RE:RE:RE:RE:Keats Oz

RE:RE:RE:RE:RE:Keats Oz

likeike wrote: These types of gold systems can go to 1500 meters deep and beyond so the vertical component of this discovery will add millions and millions of high grade ounces of gold similar to what happened at the Fosterville mine

Stink Mega.....I was bugging you at saying 1000 meters now down to 1500?

Why not say down to China? 

It will not go below bedrock and I thought Noranda had established bedrock just

on the other side of the Appleton at 800 meters. Is bedrock deeper on the Keats

side of the fault? 

Explain this to me .....where are you getting 1500 as a possibility?

Is this from the Rockdoctor or some other mine? IKE

 


Orogenic gold systems can extend to a 1500 meter vertical depth. Fosterville mine is currently mining high grade ore at those depths. Who knows how deep Queensway will go? I'm thinking it goes a whole lot deeper than the current 300 meters at the Keats Zone which is the deepest vertical depth of high grade gold intersected to date that we are aware of along the Appleton Fault. I'd say the mineralization will go to 1500 meters and beyond as it does in most of these type gold systems. 

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