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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 > hi Retiredgeo, l'il help ?
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Post by cyberman on Sep 16, 2021 1:22pm

hi Retiredgeo, l'il help ?

just wondering about this "hanging wall" discovery Denis L. mentions...

my understanding is that when 2 plates collide on either side of the fault is a footwall and a hanging wall, so why is it that this is a "discovery" and not a given ?

is it because they found gold bearing materials when most likely that wasn't projected of such a structure ?

is there a real basic geology101 explanation ? or am i mis-understanding this.

thanks again for your attention and expertise in many areas here,

Cy.
Comment by Retiredgeo on Sep 16, 2021 2:40pm
Most ore veins dip into the earth at an angle.  The footwall is what a miner stands on and the hanging wall is what the lantern dangles from.  Neither term applies to plate tectronics.  They are very old terms from antiquity. The Keates zone is a network of parallel ore veins dipping at ~45 degrees.  Every intersection in the press release is an ore vein.  Some are richer ...more  
Comment by cyberman on Sep 16, 2021 2:52pm
that's great, thanks for adding some clarity. eom.
Comment by megacopper on Sep 16, 2021 5:08pm
  Great explanation Redtiredgeo. We are lucky to have you here on the board. 
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