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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. The Company is 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 an 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 also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Comment by BlindBoyon Jul 31, 2021 7:06am
303 Views
Post# 33636763

RE:Drilling not yet reported

RE:Drilling not yet reportedJK :  "61,700 meters of drilling has been completed to date, representing approximately 31% of the planned 200,000m program.  Results for 150 holes totaling approximately 34,200m have been received and reported to date

could it be that drill cores that do not visibly disclose high grade ore, are being put to the back of the line, thereby resulting in an ever growing percentage of unreported drill cores? "
---

The obvious high grade candidates such as those displaying visible gold would very likely receive top priority, but the geological team would have the say in what cores are submitted for assay. 
Since they are attempting to 3D map the vein structures, they would want as complete a picture as they could.

Here's an example from a report on NUGs' deep drilling in Nevada: 
(The cores submitted all displayed the targeted altered rock structure envisioned in their geologic model.
The cores that were not yet in that structure were not submitted).

Logging, splitting, and assaying: Of the total footage drilled (~11,000 feet) in these first three holes ~6,000 feet is core, of which logging identified ~4,500 feet of altered rock warranting splitting and assaying. These intervals were submitted for assaying between late May and the end of June.

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