RE:RE:Site Visit
wajac wrote: Bearcat, they're drilled 48% of the 200,000 meter program so there has to be lots of core stored
somewhere. They are also awaiting assays from 23000 meters of core. This information was in their last news release.
There is a storage facility in Gander. The Appleton Industrial Park New Found Gold yard is only a staging area for the drill core when it comes out of the hole. The core then gets trucked to Gander to get logged by the geologists and sawed in half with half of the core going to the assay lab and the other half is put in the storage facility also in Gander.
From my rough estimates NFG have drilled about half of their 200k drill program. So of that 100k meters drilled so far they have received about 30k meters of assays and they have a little over 20k meters pending assays. So basically half of what they drill they get assayed. I hope that clears up previous confusion about all of that business. You only assay rock you think has gold in it. You don't get the stuff assayed that doesn't have gold in it. Gold is good and rock with no gold in it is bad. Lol