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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 Retiredgeoon Aug 29, 2023 11:56am
129 Views
Post# 35609967

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

RE:RE:RE:RE:RE:RE:Fosterville, a mere Junior to QueenslandThese orogenic gold bearing quartz veins form a similar pattern to that of a maple tree.  You can think of the trunk as being the AFZ.  The big branches are the second order faults (Keats-Baseline etc).  The smaller braches are the third and fourth order faults and the leaves are the disseminated refractory gold/alteration halo.  We are missing the refractory gold on the east side of the AFZ suggesting that the top of the tree has been eroded away on the east side.

You can also think of cinnabar, realgar, orpiment and stibnite as being the brightly coloured birds on the top of the tree.  They are finding Stibnite on the west side implying a high state of preservation but not on the east side.  Better preservation means more gold and deeper gold.
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