New Found Gold Corp V.NFG

Deep holes

[Retiredgeo]

As per their March 4 press release the first deep holes are structural holes to match the seismic data to known structures.  They are not exploration holes.  If they hit any gold - bonus!

As per their March 4 press release the seismic data set would not be finalized until April.  Have they begun any deep exploration holes?  We don't know.

Mill size and configuration are specific to the mine.  A small mining operation can get by with a crusher and a gravity seperator of modest size.  You don't have to start with a billion dollar mill.

Don't listen to trolls.

[nozzpack]

  It's my understanding that the known gold bearing structures acquired  from over 500,000 m of drilling, have been successfully paired with the features  visible in the seismic in near surface depths . In other words, with this upper calibration analytics , they were in excellent position to apply this calibration to the deeper seismic conceptual targets . That's

[Dixiedee]

yes it has been drilling since march but deep drilling takes a lot longer than shallow drilling  unless some of those existing holes line up perfectly to continue to depth they will be starting from ground 0 drilling to depth 

[unclebobby]

Jmho, needs E.S. to get  on his case , he's  underwater  big time as others. Patience runs out at some point it beena couple of years. 

[Dixiedee]

I don't think Eric will run out of patience anytime soon they are doing exactly what they have to do to move this forward some retail investors may jump ship because they never understood what they where buying .uncle bobby can you tell us where you got your info from about the trenching 

[nozzpack]

My research indicates 3 meters per hour penetration rate. I asssume 8 hours of continous drilling per work day which at 5 days a week means about 100 meters per week. So about 10 weeks to 1000 m of uninterrupted  drilling, with additional time for assays I assume that the multivariate forecast model is progressively updated with new assays, as depth increases. Its possible, from this

[Evenkeel123]

Nozzpack, you wish, lol.  Partying is the norm over there, with lots of recovery time required, lol. EK

[Dixiedee]

How's that collapse in gold you called for looking the fact you are and where so wrong on gold could it be also possible you are very wrong on newfound gold 

[Global1966]

I think there will be a mixture of the depth of the holes. Some 500 metres, 800 metres and deeper.

[nozzpack]

Thank you. That makes great sense .

[Retiredgeo]

NFG can be bought up at any time but Snowline will probably be bought up before them and Hercules Silver will probably be bought up first.  You might want to consider diversifying if you haven't already.  I already have. It doesn't sound like you have the patience for NFG.