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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 AlwaysLong683on Feb 08, 2022 6:06pm
148 Views
Post# 34410534

RE:RE:RE:RE:RE:RE:Crickets!!??

RE:RE:RE:RE:RE:RE:Crickets!!??
Flyby1969 wrote:  The reason we are limiting our results to one hole at a time is not intentional. If you refer back to our release of November 4th, we have been working on a very extensive QAQC review that we anticipate to be completed here in early February. Until a resolution to our QAQC resolution is reported, the bulk of holes that we have assayed for half-core can not be released. The limited holes that we are able to release are mainly those assayed in the meantime with whole core, either via Chrysos or traditional fire assay methods. Once the QAQC resolution is released, we should be able to release a significant backlog and then can expect normal assaying moving forward. Chrysos did provide us results for one hole so far in Perth. We did not intend to use this as a long term solution as shipping core to Perth is not feasible on large scale. The 20,000 samples you are referring to is the new machine being installed in Canada. However, that is not operational yet. Regarding ramp up of results, that will be based around the QAQC resolution being published and a return to normal for us. We anticipate that very shortly. 


So are you saying that, since the problem was identified on November 4, these are all the cores that have come back with assay results? Find that hard to believe.....

Also, we live in an age of telephones, fax machines, secure Internet connections, etc. One would think that as soon as assay results on those Australian cores were produced, NFG would receive such results in minutes. One core from Perth? How many did NFG ship over there? Are the Australians allowing entry of only one core at a time every 2-3 weeks? Again, not believeable in my opinion unless NFG is not releasing the majority of assay results they have received since they resumed reporting them.

Again, just so people understand, I am not blaming the labs for the slow assay results - I am just questioning what percentage of assay results NFG has already received since they resumed reporting such results are actually being released publicly via press release....?
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