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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 nozzpackon May 05, 2024 2:30pm
76 Views
Post# 36023976

RE:RE:US Roadshow Starts on Monday

RE:RE:US Roadshow Starts on MondayI was referring to a Preliminary  continously updating in house estimate that is usually maintained on which infill drilling can proceed or for  example, a large bulk sample designed.

More or less low level Inferred.

The Krieging model is fairly adaptable to such progressive estimates.

A large stratified bulk sample would add substantively to sampling density towards  Measured or Indicated categories .

Of course, it's not unusual to begin mining in the absence of a formal MRE, if external financing is not required, as would be the case for toll milling...
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