Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Snidelyon Oct 05, 2021 11:47am
182 Views
Post# 33967111

RE:RE:RE:RE:RE:Site Visit

RE:RE:RE:RE:RE:Site VisitYes, not all core gets assayed.  I agree with you there.  But to say that "only the most promising core" is sent is also not entirely accurate.  I am sure that there are some core samples that have visible goal that are sent to the lab on a rush order, fair enough.  But, in order to build a really effective model of the geology of Queensway, the team is going to need to look at more than just gold content.  Sure, the gold results are what gets reported publicly, but there is lots of other data that is also provided in the lab reports on the assays.  All of that gets fed back into Goldspot's systems and utilized for finishing up exploration of this specific site as well as providing clue as what to expect throughout the remainder of NFG.

You also need to keep in mind that assays aren't the only way to test core.  They are running XRD/XRF tests on everything.  You sometimes want to run random core through an assay as a check on your XRF, to make sure they are generating reasonably accurate results.

My reasonably well-educated guess is that there are basically the classes of core.  First is your high-priority rush testing group.  This is pretty much all the visible gold material and probably anything within the quartz zones.  Second, you have a batch of low priority stuff that will probably get ran this winter when the labs are not so busy running results from the summer drill season.  Third group is the stuff that will not be sent to the lab.  All core will be cut in half though and logged because Goldspot will want to input everything into Litholens.

wajac wrote: Maggacopper, you would think that a lot  of this stuff should be common knowledge. Obviously it isn't as it keeps coming up. I'm no geologist but I can understand that you would not send core to be assayed that your geologists think is a waste of money. If you would do that there is no need to have a team of geologists on site. So of course only the most promising core would be selected by company geogogists to sent for assays.


<< Previous
Bullboard Posts
Next >>