New Found Gold Corp V.NFG

Naw, they don’t have internal resource estimates…

[nozzpack]

So ses Dixie, whistling past the documentation library of NFG, avaikable to those who do their due diligence, ...

• " Prior to the Keats trench, the Keats Zone had only been observed through drill core and modelled in 3D, forming the basis of the Company’s geological model.
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• A high-level first pass mapping program has been completed, broadly confirming the original interpretation but with added structural details not previously recognized in drill-core.
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• This initial phase of work has enhanced the Company’s understanding of the Keats Zone and the controls on high-grade mineralization as seen in the E-W Vein as one example"

 

So, they have a confirmed geological model, the mineralized dimensions are known ( also see documentation ) and they have thousands of meters of drilling data for grade estimation and the geological model containing krieging algorithms for resource estimation 

As I said earlier, internal resource estimates are standard operating procedures during a major drilling program for new discoveries