New Found Gold Corp V.NFG

Coarse grained gold

[Retiredgeo]

Note the hit and miss nature of the drill results. The coarse grained gold is not evenly distributed (far more likely with fine grained gold).  It is luck of the draw whether the drill hits a spectacular intersection like 21-201 or mundane instersections like 20-51, 21-89 and 21-96.  The last two press releases come to mind.

The market likes flashy headlines but the reality is somewhere between 21-201 and 21-89, closer to 21-89.  A hole like 21-201 is encouraging but they need a lot more of the same.

[Global1966]

11.5 metres of 150g au will do me fine. A virtual stream of gold. Imagine the width and depth

[Flyder]

Question for you Retiredgeo - The nr states that in Hole201 there was a hit of 683 g over 2.45m.  Then they widen the interval to 11.5 m, with a grade of 150.3 g/t.  Do they just arbitrarily pick 11.5 m and average that 683 g over that width?  In other words, is there any gold at all outside of that 2.45m where the 'nugget' was?  Like was there anything else special

[GoldGravy]

My quick says the remaining 9 meters average out to 7 g/t which ain't too shabby

[Beaubie]

or 12.5k/t?

[Global1966]

Hahahahaa. So funny. They are drilling a hole. Imagine drilling a 1 inch hole in your leg and hitting your bone. Is that all the bone there is

[Retiredgeo]

If 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

[BlindBoy]

" The nr states that in Hole201 there was a hit of 683 g over 2.45m.  Then they widen the interval to 11.5 m, with a grade of 150.3 g/t.  Do they just arbitrarily pick 11.5 m and average that 683 g over that width? " No, that is not what it means.  There was an 11.5m intercept showing gold, within which there was a 2.45 metre section of 683 g/t.  The rest of the

[atchouk]

An open pit gold mine can still be profitable at grades less than 1 g/t even with the current POG, not to mention higher gold prices.

[BlueChipper2020]

FYI, even the residual grade is still 6gpt and that is profitable for underground mining at these depths. So this is a great hole.  BC