Excellent news it appearsMelissa Render, VP of Exploration of New Found, stated: “Jackpot is another high-grade, near-surface discovery to add to the growing list of zones at Queensway. Our exploration team is doing a fantastic job targeting and quickly expanding on multiple new discoveries along the Appleton Fault corridor. Located 950m north of Lotto and adjacent to K2, we are encouraged to see such high-caliber results this far east of the AFZ and so far north of Keats, which is located 2.7km to the south. Several assays are pending from Jackpot and work continues to expand on this exciting new discovery.”
OK, #1 - 40% of the holes have no significant value. Many others are also quite enemic.
#2 - Dear Melissa, drilling is wonderful, but when are shareholders going to get a return on their investment? How long will it take to put money back in our pockets?
Management seems to be doing fine in that regard.
It's a serious question, folks, when you still have no clue regarding number of ounces that are recoverable, no 43-101 coming ever according to Denis, and the length of time it is going to take to actually get to production grows longer by the day.
Please try to give it an honest guess. What is the true timeline do you think?
EK