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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

Post by Evenkeel123on Apr 04, 2024 7:14am
353 Views
Post# 35969736

Let's compare drilling technique and results, and see.

Let's compare drilling technique and results, and see.

Comparing drilling technique to different deposits. Patriot Battery Metals has been able to define the largest lithium resource in the America’s with relatively little drilling. This has been due to the system being very consistent throughout. The Fruta del Norte discovery when first discovered had very little drilling to define a high ounce ore body.

Then their is the inconsistent systems for example Great Bear Lake/Kinross Dixie project or New Found Gold’s Queensway project in Newfoundland. Where grid drilling on the order of 10 m x 10 m is needed to be confident in what the resource actually is because of the high grade to low grade variability in it. In Keats main zone from the technical report the average grade is 0.64 g/t. With 3.91% of the 114,000 m drilled grading above 1 g/t. This is with no cutoff or cap from what I understand. Where a vein type (inconsistent) system compared to a stockwork (more consistent) of veins/veinlets plays into it.


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