New Found Gold Corp V.NFG

25% asssay results in

[itsjustme1]

Queensway 400,000m Drill Program Update

Approximately 34% of the planned 400,000m program at Queensway has been drilled to date with approximately 32,400m of the core with pending assay results. Ten core rigs are currently operating and New Found is  pending  an increase in the drill count to 14 rigs by the end of Q1 2022.

My math says 400,000m - 34% drilled = 136,000m
136,000m drilled - 32,400 pending = 103,600 known results. which is just over 25% of known results. 
just under 75% of drill program to go. 
Is my math correct?

[itsjustme1]

sorry first line should say 400,000m - 34% drilled = 264,000m left to drill which means 136,000m drilled - 32,400 pending = 103,600 known results, which is just over 25% of known results Just under 75% of drill program to go Does that work?

[Kewl002]

Well --- most of the 103,600 would be drilling through dead rock that has to be traversed in order to get to the ore bearing veins. So the drill team would have known before drilling that much of the core would not be ore bearing and therefore it would not be part of the 32,400 meters of pending results. A different way of looking at it is to say that they FOUND 32,400 meters of drill core that

[Beeruce]

I love your response and hope you're right, it would mean there's a tremendous amount of gold to report. However, I don't think so - that would mean that more than a quarter of the total rock drilled is ore bearing vein, with analysis pending. Perhaps a question for NFG to clarify.