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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 Oct 09, 2024 7:06am
95 Views
Post# 36258938

RE:Is the seismic directional drilling a red herring

RE:Is the seismic directional drilling a red herringOrogenic gold is metamorphic gold.  It originates 20-25 km down and is brought up by super heated fluids.  It can precipitate out of solution for various reasons anywhere on the way up.  It commonly precipitates at the epithermal/mesothermal boundary (~4 km down).  Other minerals which precipitate at this depth include Stibnite, Boulangerite and other sulfosalts.  I have never heard of these minerals causing gold precipitation.

We know that they have gold at surface.  We now know that they have gold 1000 m down.  The gold probably extends to 2000 m depth before it disappears.  We know Queensway South also has gold but it's proximity to an old Antimony mine is a non issue.  Management knows what it is doing.  Will a buyer come out of the woodwork?  The stock is getting cheap!
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