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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 Yo_Dogon Nov 05, 2021 9:35pm
226 Views
Post# 34094968

RE:An expert's view

RE:An expert's viewThat was an interesting release. Not sure it was advised since they haven't determined what the issue is and it's rather technical.

VG causes issues when sampling. If you were a core logger, subconcious or not, you likely lean to sampling the better material. The CRM didn't show any differences between the two labs which hints at samplig bias.

Would be interesting to see the assay from the first split and see if that one was consisently higher. That should shed some light on a potential sampling bias as well. 

There are variables in the fusion process in the oven that could cause some of the gold to report to the slag or lost to the cupel in the later step. Unlikely, but needs to be checked. 

The real weakness in the dataset is the difference between precision and accuracy. Accuracy is how close the two samples are from the two different labs in this case. There appears to be some differences, but it's a little difficult to determine from the diagram. Precision is the absolute value in the rock. That would be hard to determine once the core is split, but requesting the rejects from both labs, combining and doing empiring assaying would be a good start. Maybe difficult, but a strong Aqua regia leach with an oxidant for a boost might help getting the all the gold in solution as another method. 

I think the PR is too technical for most, but there are missing facts that make it confusing. 

Just because one lab provides consistent lower values doesn't mean it's not precise. 
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