New Found Gold Corp V.NFG

The miners got wacked today

[Retiredgeo]

I can't find any good underlying reason except a decline in the silver price.  There is lots of volatility in the market.  Lots of sectors are selling off.

[Gangsterme]

Omicron variant and inflation have a market very jittery. There has been no news to spur any buying and this stock has had the benefit of a fairly regular supply of news until recently. I would suspect the the management of NFG knew of custom delays in Australia, they, rightfully so, are protective of their environment.   Covid delay due to personnel shortages will definitely be affecting

[megacopper]

  Well here is some news. I was just out there for a look and I found the tenth drill. So Collin Kettell was correct when he said there were ten drills on Queensway North. That's the good news but the bad news is that tenth drill is currently broke down waiting on parts from New Brunswick. And getting anything on the island has been a struggle lately due to the TCH being washed out

[likeike]

Great news Megacopper as I see on all fronts. You are the greatest. Your jaunts always provide good fauder though frequently provide more questions than answers. We would have it no other ....keep those great reports coming. So did you recall where the 10th drill was broken down? Those drills that far from the fault line is more puzzling to me. The road on the west side puzzles me even more.

[diabase1]

likeike, I've mentioned before on this site that there are interpreted faults that go from the Appleton fault to the JBP fault. You can see these interpreted faults on Goldspot's map. I also mentioned this to Megacopper as well. Gold is accumulated within these splay faults, off the main faults. They can be on the east side or the west side. I would say that the Keats, Lotto etc are

[megacopper]

  Yes the Rock Doctor thinks you are 100% correct. It is entirely possible to have cross cutting faults or fractures that go all the way from the Appleton Fault to the JBP Fault 5 kms to the east. And there could be a lot of secondary faults and fractures running parallel to the two main faults which host high grade gold. As you point out we are already seeing evidence of this at the

[megacopper]

  The tenth drill was back a few hundred meters away from the Golden Joint and Godzilla Hill not far from the Road showing but up on a hill in the woods. I suspect it was there a couple weeks ago but I missed it. So Collin Kettell was correct when he said ten drills were turning at the time of his interview. The guys said it had broken down a few days ago and they were waiting on parts