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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 Flyderon Nov 09, 2021 9:23am
117 Views
Post# 34104057

RE:sampling bias

RE:sampling biasIn order to remove sampling bias properly, core should be marked with a line down the axis and split along that line.  Only one side of that line goes in the bag to be analyzed, and the other side of the line stays in the box.  A random selection of pieces from either side of the line is inaccurate and very vulnerable to sampling bias (samplers can select the shiny side only, for example). 

When core is solid, as many of the photos of core from NFG's property look to be, a clean split down the middle results in proper sampling that removes sampling bias, as long as samplers are doing it properly and quality control is maintained.  Sampling problems can arise when the core comes out all broken up.  In that case, no line can be drawn in order to sample only one side.  All that can be done is to take roughly 50% of the rubble, in which case sampling bias can easily happen (shiny rubble can get picked over dull rubble). 

With 9 drills turning and miles of core to be split, quality control may not have been maintained.   I imagine it is now, if they continue to use fire assays.  Sampling bias will be a non-issue with the new technology.    
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