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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 nozzpackon Jul 09, 2024 6:46pm
117 Views
Post# 36125340

RE:RE:RE:So what's going on?

RE:RE:RE:So what's going on?A major source for using Seismics for defining deep structures containing hydrothermal gold lodes is South Africa

A quick review of those published results shows that acoustic impedance is highly specific to structures  according to their density.

This means of course that there is a high probability that those 12 deep drills were very well positioned to intersect high density structures such as granite that are known to be gold bearing generally in orogenics and specifically in the top 350 meters of QWN where pairing of  Seismics with cores have high correlation statistics.

Further as depth drilled increases , the Geo statistic guidance becomes even more precise.

In summary, compared to simple deep drilling guided only by an inferred geological model, acoustic guided drilling is much more efficient .

Yet, such conventional drilling has been successful in finding the deep hydrothermal lodes for all of the orogenic gold mines in Canada , three of which are mining gold below 2.5 km.

AIMHO

GLTA
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