RE:What the BC government saidRetiredgeo wrote: If you have a short high grade interval within a long low grade interval you have to report it.
This is not an exchange requirement, it is a British Columbia Provincial government requirement. NFG is headquartered in Vancouver. British Columbia (on the other side of the continent!) .
NFG was not in compliance. They said OK, we will do it the correct way from now on. Today's press release was the corrected version of the March 24 press release.
End of story.
Thanks. U assume this requirement is to prevent grade smearing? A term I just learned today...
EXAMPLE:
Sweet holy jebus, 54.4m @ 19.2 g/t Au - that is US$800/tonne rock, let's start mining now...
*sigh*
Let us look beyond the Uber-high grade intervals, like:
- 0.5m @ 272 g/t Au
- 0.85m @ 760 g/t Au
- 0.5m @ 64.2 g/t Au
- 0.5m @ 42.8 g/t Au
- 1.5m @ 65.4 g/t Au
- 1.15m @ 15.8 g/t Au
and look but what is the grade for the other 49.5m that they don't report? What does that run?
2.5 g/t Au
Yes-sirree, just a teeny weeny 87% drop. I mean, that is still a decent result, but it shows that 87% of the gold is in just 9% of the drill-hole.