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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 > 3D High Resolution Seismics et al….Finding the UG ballpark
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Post by nozzpack on Jun 28, 2024 5:15am

3D High Resolution Seismics et al….Finding the UG ballpark

You've got to find the ballpark before looking for the ball or so it is said.

So basically, where  the anticlines are, as you want to be in one of those, and where the faults are.

And you need to find those broader mineralised zones, these sort of plunging zones first, before you drill in search of the high grade sweet spots.

Based on orogenic gold mines around the world , there is a high probability that those basement zones are there .

3D Seismics , core analyses, geomagnetic surveys et al have been intensively modelled to identify those zones.

12 deep drill probes to over 1000 m have now tested those search parameters .

That those are now being tested along strike and dip by side track drilling is very positive.

First results of the playground search by the drill bit along with drill cores coming before mid July.

It should be an exciting summer.

GLTA

Comment by nozzpack on Jun 28, 2024 11:43am
Results of high resolution 3D at Fosterville resulted in the following conclusions.   • High resolution 3D provides images over depth ranges from less than 100m to many kilometres;   • Identify structures, faults and shear zones, and in some cases alteration envelopes to mineralisation, and hence rapidly focus in on the most prospective areas;   • A full model of a mine ...more  
Comment by Evenkeel123 on Jun 28, 2024 12:41pm
Hey Nozz, every time you post, the stock drops.  Why is that?  Down again today.  It will soon find it's proper trading range as an explo without an MRE.   EK
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