New Found Gold Corp V.NFG

Press release

[Retiredgeo]

WOW!

Where there is a jog in a fault that jog becomes a trap for gold once mineralized fluids flow through the fault.  The geological feature is called a dilation.  It may or may not include a large open cavity which subsequently gets filled with gold-rich Quartz.  A common feature is called "ladder veins" which go across the jog.  They are very prominant at the Fosterville gold mine.  The central dilation of the KMZ produced the spectacular intercepts of 2021.  I suspect that they are now into another dilation/jewelry box at Iceberg.

You don't come across a 2845 gm/t hole every day!  The fact that it starts only 35 m down is a huge bonus.  Something like this is easily accessed by an underground ramp.

They have another gold mine over at Iceberg!

Does the market still care?

[snooker1797]

always appreciate the professional imput. how big can this play be?

[Retiredgeo]

Well, they have ~80 unreleased holes at Iceberg-Keats so I'm guessing that they were very very interested in what they found.  Be mindful that what we see today was drilled months ago and is old news to them. It was estimated that the central dilation at the KMZ contained a million ozs of gold by itself.  We should expext that same at Iceberg, assuming, that this is a dilation! 

[Drewmar]

If this is old news to them, would Sprott have seen this news months ago? Would that be why he's increased his position many times?

[Dixiedee]

He would not of seen the news before the press release but he could of seen all that gold in the core samples while at the site and did his note pad math and decided NFG was just to under valued to not buy