New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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.

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New Found Gold Corp > Roger Moss

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Comment by eldrecoon Mar 23, 2022 12:18pm

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Post# 34538057

RE:RE:RE:Roger Moss

Thanks Mega...absolutely!
el d

megacopper wrote:

braindeadoldguy wrote: Ike, I would much rather know what is going on with the Khrysos setup, and why have we not heard anything at all about this important development. Maybe they want to keep it low key for some reason?

Cheers

Well eventually I'm thinking the Chrysos setup will be used on a more permanent basis throughout the industry as it seems like the best and fastest way of getting assays. When that happens is anyone's guess. But for right now I don't think the company will be flying thousands of pounds of drill core to Australia or Quebec for that matter due to the logistics and costs involved with that operation.

I could be wrong but now that the traditional fire assay technique has been deemed reliable by the company they will most likely stick with what they have been doing for the foreseeable future. Of course we all know that the Chrysos technique of doing assays is much faster so it makes spotting new holes by the geologists much easier which would greatly improve the efficiency of the entire exploration industry.

I would think that most labs in Canada would want the Chrysos technology so they could actually keep up with demand. Having to wait 3 to 5 months (perhaps longer in some cases) to receive assays is simply unacceptable in my opinion and most if not everyone (all stakeholders) in the business would agree including investors, prospectors, geologists and the management of exploration companies. Nobody wants to wait that long to receive assay results. It creates a logistical nightmare for all involved and it's p*sing off everyone especially investors.