RE:Press release
Finally, one press release, 21 holes (including 2 south of the Trans-Canada Highway).
Guess NFG wanted to separate press releases for the QA/QC Review Results and Assay Results. Fair enough,
Metal Factors of best cores:
21-263 156 g x m (Keats)
21-272 136 g x m (Keats)
21-387 125 g x m (Keats)
One notable drill result south of the Trans-Canada Highway:
21-144 1.77 Au g/t over 3.10m = 6 g x m
Good to see the high grade extension at Keats and the above are nice holes, but I'm going to go out on a limb here pre-market open and say that I doubt this press release is going to move the share price much today. Of course, the investment community will have the final say on this, so I could be wrong, but I suspect these results will be seen as falling short of market expectations.
That having been said, it's nice to see NFG releasing this info. Wonder what they have found / will find in the other zones (Lotto, Golden Joint, etc.)? All they can do is what they now seem to be doing: Drill based on the geological expertise they have at their disposal, send assays to labs, and issue press releases on the assay results when they recieve them back from the labs.This demonstrates transparency with the investment community, and even if the results are ho-hum compared to previous holes, keeping shareholders and potential investors in the loop re. assay results is the right thing to do in my view as it establishes credibility, so well done NFG.