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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 Evenkeel123on Sep 06, 2024 5:27pm
128 Views
Post# 36212569

Have earthquakes secretly been producing gold all this time?

Have earthquakes secretly been producing gold all this time?

Earthquakes may be the cause behind the formation of gold nuggets, according to a new study appearing in the journal Nature Geosciences.

Scientists have long thought gold comes from hot fluids flowing through cracks in the Earth's crust, with quartz veins acting as a primary host, but the low concentration of gold in these fluids makes it hard to explain the existence of large gold nuggets.

The research team, led by geologist Dr. Chris Voisey, tested a theory involving piezoelectricity, also known as the ability of quartz to generate an electric charge when subjected to stress, such as during an earthquake.

The team simulated earthquake conditions in a lab and, under a microscope, they found that stressed quartz could electrochemically deposit gold onto its surface.

"The results were stunning," study co-author Professor Andy Tomkins, from the Monash University School of Earth, Atmosphere and Environment said in a statement.

"The stressed quartz not only electrochemically deposited gold onto its surface, but it also formed and accumulated gold nanoparticles. Remarkably, the gold had a tendency to deposit on existing gold grains rather than forming new ones."

Dr. Voisey likened quartz to a natural battery, with gold as the electrode, gradually accumulating more gold with each earthquake.

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