July 6, 2021 - The Gold Advisor

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The New Found Gold Rush

One district in the world is attracting the lion’s share of gold exploration attention these days and it’s Newfoundland.

It started with a famous Yukon prospector called Shawn Ryan and a junior explorer called New Found Gold (TSXV: NFG). Ryan is famous for sparking the modern Yukon gold rush. He staked the property where Kaminak Gold outlined a few million ounces; he optioned projects to dozens of explore-co’s based on his soil sampling grids and novel early exploration approaches, including being a pioneer in drone-based LIDAR imaging and using small, track-mounted drill rigs to get top-of-bedrock samples before committing to a full drill program.

That all happened in the last gold bull market. Even as explorers continued to flock to Yukon, though, Ryan’s attention started to shift. A combination of big picture geologic thinking, a near dearth of exploration, a history of small, high-grade mines, and a population that was generally resource friendly made him wonder about the gold potential in Newfoundland.

I’m not suggesting Ryan was the first. Marathon Gold has been advancing the Valentine Gold project in NFLD for a decade; Valentine now hosts almost 5 million oz. gold and is on its way

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