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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 Retiredgeoon Apr 11, 2022 7:40am
212 Views
Post# 34592907

Interpretation

InterpretationThere were some shallow infill holes within the Keates Main zone mixed among a lot of shallow reconnaissance holes about the Keates Main zone.  Their reconnaissance drilling is having a very high success rate.  The likelihood of more big gold zones being discovered along this stretch of the Appleton fault is very high.

The diagrams are displaying the enormous complexity of the "damage zones" meaning where the sedimentary rocks were ripped up by the continental collision.  Every red line is a gold bearing minor fault.  The gold zones are shaded in grey and are variable mineralized.  You can think of the Keates main zone as a plume of gold which came up within the much longer Keates zone.  The strike length and plunge depth of the Keates main zone are still open in all directions.

The results only briefly mentioned the footwall breccia zone (2.45m of 119 g/t).  I still think it has enormous potential to rival or exceed the Keates main zone.

Lots more results to come.
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