RE:RE:Adding Drills is aggressive+good signmegacopper wrote: goldanalyst wrote: "Queensway 400,000m Drill Program Update
Approximately 40% of the planned 400,000m program at Queensway has been drilled to date with approximately 19,120m of the core with pending assay results. Eleven core rigs are currently operating and New Found is targeting an increase in the drill count to 14 rigs."
Yep and these drill intersections below are every bit as good as the Swan Zone at Fosterville consistently above 100 gram meters with some over 200 gram meters. NFG shareholders were spoiled early on with spectacular mind blowing intersections so these results, are world class but when compared to the best at Queensway make investors yawn. Nice problem to have when 200 gram meters are just ok. I will continue to add when I can and wait for the big pay day whenever that day comes but it will happen guys. This discovery is one of the best out there and it continues to deliver world class high grade gold drill intersections.
New Found Intersects 21.12 g/t Au Over 7.20m, 79.81 g/t Au Over 3.00m & 119.45 g/t Over 2.40m at Keats Zone & Identifies New High-Grade Near Surface Mineralization
Please see below for details on the Swan Zone which was and still is one of the richest gold zones on the planet and compare it to these latest results by NFG.
https://www.agnicoeagle.com/English/operations/operations/Fosterville-Gold-Mine/default.aspx
The Swan Zone, currently the highest-grade mineralized zone at Fosterville, is 2-5m in width, dips west and is presently defined over a 275m strike and a 200m vertical extent. The Eagle and Swan Zones remain open down-plunge for potential Mineral Resource expansion.
A major inflection point was achieved in 2015 with the intersection of high-grade visible-gold bearing mineralization at depth, leading to the discovery of the Eagle Zone and, in 2016, the ultra-high-grade Swan Zone. The discovery of these zones, particularly Swan, resulted in a significant improvement in the mine's overall Mineral Reserve grade, production profile and unit-cost performance. In 2016, exploration work documented similar visible-gold bearing zones at depth in the Harrier zone. Additional exploration progress early in 2017 resulted in new Mineral Reserve and Mineral Resource estimate for the operation being released in June 2017, which more than doubled underground reserves.
With continued exploration success over the remainder of 2017, an additional Mineral Reserve and Mineral Resource estimate was released in December 2017, with Mineral Reserves increasing another 65% from the June 2017 estimate. Continued drilling in the Lower Phoenix system during 2018 resulted in another significant increase in the Fosterville Mine Mineral Reserves to 2,720,000 ounces at an average grade of 31.0 g/t.
Mineral Reserves as at December 31, 2020 totalled 1,970,000 ounces, including 1,790,000 ounces at an average grade of 15.4 g/t in the Lower Phoenix and Harrier systems (including 1,250,000 ounces at an average grade of 30.6 g/t in the Swan Zone) and 180,000 ounces at an average grade of 5.3 g/t at Robbin’s Hill.