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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 orophilon Nov 08, 2021 10:30pm
346 Views
Post# 34103170

sampling bias

sampling biasperhaps a discussion is in order in regard to the role of sampling bias in reporting of drill results....investors have an expectation that when a core is split that the selection of the half core that is submitted for analysis and the half core that is retained should be done randomly and not based upon visual inspection and favoring of which core may appear to have a higher quantity of gold.....iow we expect unbiased submission of a core sample half.....however in just about every other step of the entire evaluation of the extent of the size of an ore body we eagerly expect and anticipate bias....as an investor we expect management to show us where the gold is and in what quantites not where it is not....we expect assays to be submitted and performed not on random sections of core but on the most highly prospective cores based upon visual inspection and the using all of the tools and talents available to professional geologists....with 9 rigs drilling   it is reasonable to expect that there is no shortage of core and management now in the process of selecting core to be submitted for photon analysis....its reasonable to expect that among the cores now present in the shacks the cores most likely to test with the highest grams/ton will be those that will be submitted.....based upon the the success to date in finding jewlry boxes I am optomistic that good news may be on its way and very soon
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