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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Knob target 2km south of Keats Zone
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Post by megacopper on Mar 21, 2021 2:03pm

Knob target 2km south of Keats Zone

Strange why Noranda (see below) didn't drill deeper back in 1994 but I'm excited about what they will find deeper down in this area and from there to the Keats Zone 2km to the north. The drilling at the Keats Zone has been following high grade gold to the south in the last few holes so this is starting to make sense now. They are zeroing in on the high grade stuff deeper down. That is where things could get really interesting. Such huge potential. There is one small problem of the Trans Canada Highway that runs between these two zones though but perhaps they can drill underneath the highway Lol


The drill campaign so far has focused on discoveries at the Keats and Lotto zones, although recently the company has also started drilling at its Knob target, about 2 km to the south of Keats, an area previously drilled by Noranda. (In 1994 Noranda reported a historic resource of 77,943 oz. gold at an average grade of 10.3 grams gold per tonne, but drilled only to a depth of about 50 metres, according to Roberts.)

Comment by diabase1 on Mar 21, 2021 2:59pm
Open Pit Megacopper!!
Comment by megacopper on Mar 21, 2021 3:41pm
  Open pit for some of it but they will have to go underground eventually 
Comment by likeike on Mar 21, 2021 2:59pm
Northern Miner article has me stoked and I have only read it twice. It is the most complet article I have read and current on this last week. Peter Dimmel I think could speak for Noranda very well but I am sure  they just had no idea what they had happened upon. I think QH was  still in school doing a paper on the witswaterand at the time. It still reminds me what they asked him (QH ...more  
Comment by megacopper on Mar 21, 2021 3:53pm
  Lucky for NFG that past exploration companies missed the sweet spot and didn't understand the geology and orientation of the veins. Noranda only drilled to a 50 meter depth back in 1994. I am excited for what will be found deeper down and in other areas of the property, especially with all of those anomalies on the Queensway South near Eastern Pond. If they hit on Queensway South ...more  
Comment by likeike on Mar 21, 2021 4:55pm
I believe nobody was looking for orogenic gold at that time nor were there any geos that could have wrapped their heads around it. Now that the have the angle of the chute at Keat's it will be interesting to see how close the orientation is at other zones. The closer they are the faster they will find them. If even close to consistant it will be good for the other companies as well? What ...more  
Comment by megacopper on Mar 21, 2021 5:21pm
  Yes the geologists like Quinton Hennigh have sure figured out these types of orogenic gold deposits. They are hitting high grade gold deeper down the last few holes at the Keats Zone which gets me excited. So now they are drilling on the Knob Zone, Keats Zone, Lotto Zone and the Sunday Zone. And that is only what we know about. Wait until they start drilling at Queensway South and all ...more