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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 Jun 05, 2023 6:52am
273 Views
Post# 35479862

Press release

Press releaseWOW!

Where there is a jog in a fault that jog becomes a trap for gold once mineralized fluids flow through the fault.  The geological feature is called a dilation.  It may or may not include a large open cavity which subsequently gets filled with gold-rich Quartz.  A common feature is called "ladder veins" which go across the jog.  They are very prominant at the Fosterville gold mine.  The central dilation of the KMZ produced the spectacular intercepts of 2021.  I suspect that they are now into another dilation/jewelry box at Iceberg.

You don't come across a 2845 gm/t hole every day!  The fact that it starts only 35 m down is a huge bonus.  Something like this is easily accessed by an underground ramp.

They have another gold mine over at Iceberg!

Does the market still care?
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