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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 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 a 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 is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Comment by Retiredgeoon Jun 23, 2021 9:27am
229 Views
Post# 33433530

RE:RE:Coarse grained gold

RE:RE:Coarse grained goldIf you read the details of the press release they are using a cutoff of 1 g/t over >2 m, meaning anything less is unmentioned and not part of the calculation.  In other words, they have >1 g/t over 11.5 m including 2.45 m of very high grade gold which is the bulk of the assay.

Yes 2.45m of 683 g/t is very impressive but it was also **** luck that they hit it.  The other 3 holes and presumably most of 21-201 is just over 1 g/t.
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