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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 Sciencegeek1on Nov 05, 2021 11:01am
234 Views
Post# 34091949

RE:RE:RE:RE:Max 5-10% error

RE:RE:RE:RE:Max 5-10% errorI tend to agree with PulpCutter here, the QC material is a good indication of whether both labs are operating using similar or the same approach to get the same result.  That does not mean you cannot have differences that are reflected in differet sample matricies that a reference material cannot account for.  But without knowing more it seems perhaps more plausible that the bias was from the sampling done in the core shack.  If there was not a rigorous protocol in place to somehow randomize the process and remove bias when the cores were halfed, I could see how someone looking at two halves of a core sample might select one with more visible gold or whatever other indicators geologists use to judge potential when looking at these things. Maybe that protocol was in place.  They could presumably provide another NR outlining the protocols on their side rather than the labs.
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