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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

Post by cybermanon Aug 24, 2021 4:55pm
159 Views
Post# 33756524

photon assay; coming soon, the future is here...

photon assay; coming soon, the future is here...“...We can soon begin to alleviate our backlog of grade control assays..."

https://www.canadianminingjournal.com/news/partnership-to-deliver-better-assay-solution-worldwide/

https://www.chrysos.com.au

also, as quoted;

https://www.novoresources.com/news-media/news/display/index.php?content_id=458

VANCOUVER, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to advise that it has signed a 3-year agreement (with an option to extend to 6 years) with Intertek Testing Services (Australia) Pty Ltd (“ Intertek ”), a wholly owned subsidiary of Intertek Group plc (LSE: ITRK), for the provision of on-site laboratory and sample preparation services and PhotonAssay services (the “ Intertek Agreement ”). Intertek will manage an on-site laboratory at the Company’s Golden Eagle mill (the “ Golden Eagle Mill ”) designed to prepare samples from the Company’s planned infill drilling campaign at the Beatons Creek conglomerate gold project (“ Beatons Creek ”) for PhotonAssay in Intertek’s new state-of-the-art facility in Perth, Western Australia. Intertek has agreed to provide Novo with priority access to two brand new Chrysos PhotonAssay units (each a “ Chrysos Unit ”) which are currently being installed in Intertek’s Perth facility and should be fully operational by late May and early-July, respectively. Novo has committed to, and Intertek have agreed to provide, a minimum of 20,000 PhotonAssays per month for each Chrysos Unit once fully operational.

“Securing a minimum of 40,000 PhotoAssays per month is a huge step for Novo,” commented Dr. Quinton Hennigh, Chairman and President of Novo. “We can soon begin to alleviate our backlog of grade control assays, but also now have an assurance that we can provide sufficient assay capacity for Beatons Creek and our exploration programs across the Pilbara on an ongoing basis during the life of the Intertek Agreement. We were one of the first companies to utilize Chrysos PhotonAssays in 2017 and take great pride in being one of the first to commit to wholesale long-term use of this technique for virtually all our analytic needs. We look forward to working with Intertek as they install these two new units and our new sample preparation facility at the Golden Eagle Mill.”
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