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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 eldrecoon Nov 23, 2021 8:55pm
156 Views
Post# 34159749

RE:Results?

RE:Results?Thank you, Diabase, I believe that mention:  "And for all those other companies that have used either ALS or Eastern for their assays, what are they doing about their results?" is the first time anybody has mentioned this on this board...and about time someone did!

I should think that all those companies sending split-core to one or the other are quietly asking themselves EXACTLY that question...who do we believe...and what are we supposed to do about it??


But not NFG....no no, they stepped up to the plate - and came up with an affirmative action plan!  On the one hand, some method of back-checking in the here and now the previous contested results from a process used by the entire industry...and on the other, let's put in place a faster, simpler method...where if you have a fly up your nose about the veracity of results released...then go ahead...here are the original samples!  (And maybe you could pay for it!)

I can only imagine if the likes of us are holding our breaths to see how the secondary testing of fire-assay results is resolved...then think for a minute how oxygen-deprived the rest of the companies in our sector might be getting...waiting for the balloon to go up for them!
el d

diabase1 wrote: Somebody said that the SP will get down to 6.75. He/she may be right. The bias in results between ALS and Eastern will take some time to sort out. Everybody thinks that the Chrysos method will prevail. Maybe it will. What if the results from the Chrysos testing over in Perth stacks up somewhere between the results of ALS and Eastern. What then? It's going to take a little more time to sort out this problem. With that in mind, I cannot see NFG releasing any assay results for several months. Too bad NFG wouldn't give us an update on what's happening in Perth. Shareholders deserve it!! And for all those other companies that have used either ALS or Eastern for their assays, what are they doing about their results? Do they have biases also, one high and one low?


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