RE:Press release
Retiredgeo wrote: Another new gold vein. The entire Appleton fault zone is going to be a spiderweb of these gold veins.
Once they do their seismic survey and extend all of these gold veins to depth their inferred resource is going to be absolutely huge.
I will be surprised if a buyer emerges. Narrow vein deposits can be rich and profitable but most mining companies don't want them. They are opportunities for small and mid-sized companies which want to grow into big companies (the Kirkland Lake model). I suspect that NFG's mine plan will be NFG's mine plan.
More positive news from NFG on the Lotto North Zone this morning. Looks like they will find lots of high grade gold right along the entire Appleton Fault. You are probably correct in saying most big gold companies don't want these narrow high grade veins however Agnico might want to replace their Fosterville mine with Queensway. Just a thought otherwise NFG will be developing it themselves. It will be extremely profitable once it's up and running.