RE:There is nothing complicated in mining the Keats main zone
TheGreekGoldGuy wrote: Most of trhese holes have been drilled at the Keats main zone, along with near 100 other Bonaza grade holes in this zone. If you check the New Found Gold website, you can find graphics, indicating that the main Keats is about 800 meters long. You can also find that most of these holes are very shallow, with most intervals starting near the surface. While the overall system at Queensway Nortrh may contain a complicated network of various sized intervals, there is nothing complicated about an open pit retrieva ofl the high grade gold ore intervals at the Keats Main zone. Itr looks like a similar situation is developing at the Iceebrg zone, where NFG has barely started to drill. Do not be fooled by the misleading posts on this board. Eventually there could be several open pit mines retrieving NFG's shallow and extremely high grade gold. Also, do not be misled by frivilous comparisons of NFG to the project at Marathon Gold.
GGG here, anxiously awaiting the Sewismic Survey graphics and followip confirmation drilling.
- Highlights from Keats drilling to date includes:
-
- †124.44g/t over 17.7m from 71.75m in hole NFGC-20-59
- †75.21g/t over 23.5m from 95.00m in hole NFGC-19-01
- 190.22g/t over 9.9m from 68.8m in hole NFGC-21-137
- †65.27g/t over 15.95m from 33.65m in hole NFGC-21-122
- †49.19g/t over 17.05m from 93.65m in hole NFGC-20-23
| 105 g/t Au over 27.05m1 | Iceberg | Jun 5, 2023 |
| 49.7 g/t Au over 29.90m1 | Iceberg | Mar 13, 2023 |
| 42.6 g/t Au over 32.00m3 | Keats West | Nov 28, 2022 |
| 430 g/t Au over 5.25m2 | Golden Joint | Jun 30, 2021 |
| 150 g/t Au over 11.50m1 | Lotto Main | Jun 23, 2021 |
| 106 g/t Au over 35.40m3 | Keats Main | May 21, 2021 |
| 124 g/t Au over 17.70m2 | Keats Main | May 4, 2021 |
| 261 g/t Au over 7.20m3 | Keats Main | Apr 20, 2021 |
| 69.2 g/t Au over 14.90m1 | Keats Main | Apr 7, 2021 |
| 86.2 g/t Au over 20.50m2 | Keats Main | Jan 28, 2020 |
Retiredgeo has already explained about who some of these structures can't be mined by open pit methods. You guys need to read up on strip ratios. This Queensway gold system is not like a Snowline bulk tonnage deposit. Entirely different. The Keats West appears like it could be mined with an open pit but I agree with rediredgeo with regards to Iceberg and the main Keats Zone. That would most likely be mined using a decline and other underground mining techniques. This gold system is not an easy one to figure out but with the seismic survey giving them a clearer picture at depth and hopefully drill into some similar deeper structures this fall. That could be a major game changer.
Everyone talks about dividing Queensway up in parts. I honestly don't understand the thinking behind that statement. I would think New Found Gold would want as much strike length of the Appleton Fault as they can get to make them more appealing to a major. There will be dozens of gold deposits found there over the next several decades. Wouldn't you want to own as much as possible.
NFG only control about 12 km of Queensway North but the Appleton Fault extends right out to the coast which is 40 or 50 km of strike length beyond what New Found Gold is drilling now. If they got control of all that they would have all the dirty work done before any major buys them if that happens in two or three years time. Snowline will be bought out before NFG in my opinion because of the simplicity of the future mine because of the consistency and size of the gold deposit near surface and the ease of future production estimates. Much easier to predict on a bulk tonnage deposit than an erratic orogenic gold system like Queensway. All in my humble opinion.