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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) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Post by ronreaganon Jun 23, 2021 8:12am
209 Views
Post# 33433162

QUOTE FORM CRUX

QUOTE FORM CRUXThese CRUX boys have a lot of answering to do. Yep, this is what CRUX said back in February:

"What we are not sure about is whether the Company may have smeared results from down-hole, or not. Of course it is tempting to report good grades over wide thicknesses, but it can potentially lead to misrepresentation of the integrity of the deposit in the public arena.

"For a Company, or indeed the investor, to recognise smearing is important, as smearing hides the fact that the target may not be as consistently present as implied. Not only that, but smeared grades have a significant impact in the resource estimation process as the very high grades that contribute to the good average grade of an intersection would be cut to a much lower value if they were just constrained to the source structure, and not smeared. We are uncomfortable with some of the data that has been presented by New Found Gold, as it looks as if some of the results have indeed been smeared."

 

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