Moosehead Deposit Quantified (typo correction) Dr. Qunton Hinnigh, NewFound Gold Director, in a Sprott Money interview on 17 December, to question six at the 18:36 minute mark, said that when quantifying a deposit (highlights my emphasis, link below):
"... a lot of major mining companies use this as a rule of thumb.... you simply multiply your grams of gold times the length of the intercept and you determine, what we call gram meters, there are.
"Statistically when you start to see drill projects in which they are hitting 100 gram meter holes or above, they do not all have to be that so long as some of the holes are 100 gram meters or above,
those systems tend to deliver an ecomic discovery - just purely empirical.
"Those kind of results tend to forecast the likely hood there is going to be an ecomomic discovery. You might only need a handful, like maybe 3 or 4 out of a list of 50 might have 100 gram meter. Still that is a good omen." "... Major mining companies use that as a kind of threshold to understand the success of various exploration projects around the planet."
Quantifying Moosehead
Out of 64 holes reported at Moosehead 13 holes exceed 100 gram meters.
Even more significant, in addition to those 13 holes, there so many more holes with long high grade intercepts that the gram meter average of all 64 holes total 135 gram meters.
A lot of the project has been derisked.
See data below.
https://www.youtube.com/watch?v=kz5gDnbt2SM&t=195s
| 2.3 | 79.23 | 182.229 | | |
| 24.9 | 33.56 | 835.644 | | |
| 11.8 | 6.61 | 77.998 | | |
| 9.05 | 70.29 | 636.1245 | | |
| 44.96 | 11.9 | 535.024 | | |
| 4.2 | 8.95 | 37.59 | | |
| 4.6 | 47.2 | 217.12 | | |
| 8.1 | 68.25 | 552.825 | | |
| 3.5 | 12.39 | 43.365 | | |
| 3.05 | 16.54 | 50.447 | | |
| 6.7 | 3.25 | 21.775 | | |
| 5.1 | 15.51 | 79.101 | | |
| 4.1 | 1.52 | 6.232 | | |
| 42 | 64 | 2688 | | |
| 1.5 | 6.18 | 9.27 | | |
| 11.6 | 21.07 | 244.412 | | |
| 3 | 1.82 | 5.46 | | |
| 5 | 26.87 | 134.35 | | |
| 3 | 1.61 | 4.83 | | |
| 20.95 | 5.15 | 107.8925 | | |
| 1.8 | 11.85 | 21.33 | | |
| 5.4 | 2.76 | 14.904 | | |
| 10.4 | 3.09 | 32.136 | | |
| 3.6 | 10.4 | 37.44 | | |
| 4 | 24.92 | 99.68 | | |
| 22.1 | 1.65 | 36.465 | | |
| 3.5 | 11.95 | 41.825 | | |
| 9.5 | 5.7 | 54.15 | | |
| 5.2 | 16.85 | 87.62 | | |
| 1.6 | 30.97 | 49.552 | | |
| 4.1 | 21.6 | 88.56 | | |
| 7.2 | 22.35 | 160.92 | | |
| 6.4 | 17.34 | 110.976 | | |
| 3 | 7.85 | 23.55 | | |
| 9.8 | 6.65 | 65.17 | | |
| 4.6 | 1.21 | 5.566 | | |
| 1.55 | 5.23 | 8.1065 | | |
| 4.6 | 1.21 | 5.566 | | |
| 1.55 | 5.23 | 8.1065 | | |
| 4.95 | 27.7 | 137.115 | | |
| 1 | 54.63 | 54.63 | | |
| 4.8 | 17.56 | 84.288 | | |
| 9.2 | 6.7 | 61.64 | | |
| 2.35 | 20.39 | 47.9165 | | |
| 5.1 | 7.64 | 38.964 | | |
| 2.35 | 20.39 | 47.9165 | | |
| 5.1 | 7.64 | 38.964 | | |
| 4.25 | 2.58 | 10.965 | | |
| 2.28 | 13.67 | 31.1676 | | |
| 2.4 | 0.75 | 1.8 | | |
| 5.2 | 7.68 | 39.936 | | |
| 3.7 | 9.1 | 33.67 | | |
| 0.8 | 41.01 | 32.808 | | |
| 6 | 6.47 | 38.82 | | |
| 2.2 | 4.35 | 9.57 | | |
| 3.6 | 21.86 | 78.696 | | |
| 2.55 | 22.45 | 57.2475 | | |
| 1.7 | 2.73 | 4.641 | | |
| 3.1 | 8.6 | 26.66 | | |
| 1.1 | 4.72 | 5.192 | | |
| 1.2 | 2.94 | 3.528 | | |
| 2 | 1.82 | 3.64 | | |
| 18.9 | 13.09 | 247.401 | | |
| 1.4 | 60.94 | 85.316 | | |
| 2.65 | 1.85 | 4.9025 | | |
| | | | | |
| | Total/Average | 8648.707 | 135 | |