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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 > Press release
View:
Post by Retiredgeo on Apr 04, 2023 7:21am

Press release

The iceberg zone has become more complicated with a second vein set intersecting the first vein set at almost a right angle.  The holes are almost paralleling this second vein set and are creating very oblique intercepts at depth (3 and 4).  As QH begged in a recent Crescat viedo "please drill these things from different angles".

I count 44 pending holes at Iceberg and Keates.  Clearly, they've got gold coming out the yin yang.

The Appleton first order fault was the primary conduit for the gold bearing fluids.  The theory has always been that the gold deposits would be in the immediate vicinity of the AFZ.  Perhaps that theory has to be scrapped.  The Appleton-Baseline second order fault extends for kilometers away from the APZ.  They are hinting that entire ABF is becoming an exploration target.

More veins, more gold, more targets and the story continues ....
Comment by Retiredgeo on Apr 04, 2023 7:25am
"from the APZ" should read "from the AFZ"
Comment by Global1966 on Apr 04, 2023 7:38am
And all this at max 300 metres depth. I wonder what's under that?
Comment by Dixiedee on Apr 04, 2023 7:42am
More of the same gold gold gold 
Comment by Retiredgeo on Apr 04, 2023 7:45am
In these epizonal gold systems gold precipitation can extend down for several kilometers.  Once they have the seismic survey data expect them to sink a few deeep holes.
Comment by Dixiedee on Apr 04, 2023 8:41am
  I agree totally the siemic survey will tell them where they need to go deeper that will be a game changer for this project 
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