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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

Comment by megacopperon Aug 29, 2023 11:00am
66 Views
Post# 35609798

RE:RE:RE:RE:RE:Fosterville, a mere Junior to Queensland

RE:RE:RE:RE:RE:Fosterville, a mere Junior to Queensland

Retiredgeo wrote: The Kibali Gold mine in the DRC is a greenstone belt "orogenic" gold deposit.  Such deposits have nothing to do with modern orogenic gold deposits such as Queensway and are some 2 billion years older.  In such deposits grade has been known to increase with depth.  In modern orogenic deposits there is no such relationship.  Gold precipitation at Queensway was probably in a narrow band.  The top 3 kms of Queensway have been eroded away over the last 430 million years.  No one knows how deep the remaining gold goes before it disappears.  I am guessing 2000 m.  QH has guessed a few kms.  I'm guessing that it goes much deeper on the west side of the AFZ than the east side.

In August of 2021 a UK outfit by the name of Cruz published a short report on NFG.  That triggered an avalanche of UK shorter trolls some of whom still linger two years later.

 


Just curious why you would think it goes deeper on the west side of the fault rather than the east side? What is your reasoning geologically?

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