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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 marnesueon Nov 11, 2021 12:51am
352 Views
Post# 34113454

97% Correlation of Photon and Fire Analysis Results

97% Correlation of Photon and Fire Analysis ResultsThe new Chrysos TM PhotonAssay Max technology uses high-energy X-rays to directly measure gold in bulk ore samples, combined with fully robotic sample handling to keep up with the high demands of the mining industry. Testing on a large suite of certified reference materials demonstrates that accurate gold values can be determined over a wide range of concentrations, with a detection limit down to 0.03 ppm. PhotonAssay is a non-destructive technique that does not require gold to be liberated from gangue material before analysis, meaning that samples can be prepared with larger particle sizes, reducing losses of gold that can occur through smearing onto the surface of pulverising equipment. Through analysis of suites of material from drill sites across Australia, we have found that results determined by PhotonAssay on drill core and reverse circulation drilling samples crushed to a top-size of 2-3 mm generally correlate at a level of 97% or better with traditional fire assay values. For sites with particularly coarse gold, it is advantageous to further reduce the particle size before sampling for assay, but the much larger PhotonAssay sample size (400-500 g approximately) significantly reduces sampling errors compared to traditional 25-50 g fire-assay. Statistical tests show that results from fire-assay and PhotonAssay can be used interchangeably during a drilling program. We present detailed results from several case studies to illustrate these findings. The combination of simplified sample preparation and reduced sampling errors are of immediate benefit to geologists responsible for resource definition and grade control analyses. Significantly reduced turnaround times, lowered staffing requirements and the removal of the use of toxic reagents, such as lead, are additional benefits offered by the new technology.
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