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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 Kewl002on Jan 27, 2022 2:40am
184 Views
Post# 34365530

RE:RE:RE:Chrysos assay result today

RE:RE:RE:Chrysos assay result todayMegaC - I suspect that they have been setting the stage for a "this is normal" report by releasing the last few sets of assays as whole core assays -- where they release Side A and Side B at the same time for a combined assay of X.

By doing this, they are demonstrating in real time that nuggety deposits have variability in the assays depending upon where the nuggets lie in the core. This should be obvious and self-explanatory to anyone investing in mineral exploration but perhaps there are some that have never owned mining stock before & are easily swayed by hyperbole and rhetoric.

We know that assays in general are meant to be "representative" of the ore body and not a commitment cast in concrete that the ore grade is X.  This is clearly exhibited when one side comes out at 80g/t and the other side at 150g/t. A drill core is only 4 inches wide -- without X-ray vision to assist the process when the core is cut in half you don't know what's left hidden inside either half. 

IMO - this bias issue is a total crock - not only frustrating, time consuming and expensive but we will be no further ahead when it's finished OTHER THAN the company proving that it's normal so everyone can calm down and get back to business.

Now -- if sometime in the future we choose to do a bulk mining sample -- that WILL give an indication of overall grade but suh a decision is months if not years away from this stage of exploration.

We have a tiger by the tail and may already have the additional jewelery boxes you have been looking for --- we just don't know it because of the lassay logjam -- not because of this bias BS.
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