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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

Post by likeikeon Mar 23, 2022 11:08am
163 Views
Post# 34537709

another Shawn Ryan co

another Shawn Ryan co
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In this second email, we’ll do a deep dive on our core projects in Newfoundland, and our approach to gold exploration. Please don’t hesitate to respond to this email if you have any questions or are looking for more information.

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It starts with great data. 

 

Newfoundland’s Geological Survey has an exemplary trove of geological information plus readily accessible data for all previous survey and exploration work.

 

Gold Island Inc. takes advantage of state-of-the-art modern mineral exploration techniques and the use of geographic information systems (GIS) to compile, clean, validate and analyze data.  

 

Information from multiple sources points to areas that are likely to host mineralization.  The historic data includes geochemical samples from a stream, lake, till, soil, and outcrop sampling, geological mapping and identification of deep-seated fractures that are conduits for metal transport.

 

GIS permits these many data sets to be viewed simultaneously to identify and prioritize locations where detailed fieldwork should be undertaken.

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The claim blocks Gold Island has secured are based on careful and exhaustive research of the requisite geological, geochemical and structural criteria that when present permit the accumulation of zones of gold mineralisation. We have already started exploring several of our claim blocks that have a high potential for discovery. Some claim blocks are proximal to historic gold discoveries, but have seen minimal modern-day exploration. Other areas have never been staked or assessed for their gold potential.

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  • Located on regional first and second-order structures
  • 30 gold showings in an area with grades up to 10 g/t Au
  • Three separate prospects over 1.4 km
  • Chip samples returned 56.5 g/t Au over 2m
  • Two core holes in 2014 intersected 0.68 g/t gold over 28.8 m.& 0.56 g/t gold over 15.5 m
  • A drill campaign was never completed and the best surface anomalies were not drill tested
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Ming’s Bight is Gold Island’s priority project.

 

  • 2km East of the Anaconda’s Baie Verte gold mines
  • Straddles regional first and second-order structures, the Baie Verte structural Zone
  • Numerous, historic, anomalous gold in tills, lake sediments and soils
  • Road accessible, no exploration work since 1989 (Noranda) 
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  • Large claim block near Marathon Gold’s Valentine Lake deposit (4 Moz Au)
  • Anomalous gold and arsenic in till and lake sediment samples
  • Straddling 57km of Marathon and Wilding Lake showing
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  • Large gabbro body, next to Red Indian Line, 20km west of Marathon
  • Anomalous gold in till and lake sediments, cross-cutting structure
  • Highway accessible, never staked 
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  • Each claim block adjacent to or straddling major structural breaks
  • Anomalous gold +/-_ copper in historic till or lake sediment samples
  • Hodge is 5km east of Sokoman’s Moosehead Discovery
  • Wild Bight never staked for gold
  • All are road or highway accessible 
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