Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 megacopperon Apr 21, 2022 2:22pm
169 Views
Post# 34621226

RE:RE:Chrysos

RE:RE:Chrysos
eldreco wrote: Traditional "fire-assay" is a destructive form of gauging core - that is why the cores are split in two, with one half going to the assayers and the other half being held by the company (in perpetuity) in case the are questions about the results of the assay (in  which case, the second half is then assayed).  You have no "proof" from the first assay. other than the report - as the sample was destroyed in the process.

This seemed to be the problem when NFGs assays were questioned...which sent the stock into a tailspin...and every other drill-company was holding their breath (fearing they too, would be in question), as NFG stepped up to the plate to sort it out (So, in addition to monumental delays in processing times for assays...now there was a question of the very veracity of the information - a kind of insult to injury situation, which cost the Junior Explores millions (if not hundreds of) this last year or so, in terms of lost opportunity.

Chrysos, on the other hand, is a non-destructive assay method.  It uses whole-core (not half).  In layman's terms, they put the core to be tested into a blender...smush it up...put the samples into little plastic containers...and send them through a glorified X-Ray machine (obviously there is more to this than that)!.  At the end...you get your assay - plus all the little containers holding the original samples (which you can store as "proof").  The process is quicker than fire-assay...and much cheaper too.

This Chrysos machine will revolutionize the industry in the next few years.  For now, NFG will share assay time with this other company...in Julyish, they get their own machine...best move they could have made, in my opinion.
el d

likeike wrote: For the benefit of all the newbies here could someone explain clearly what it is and 

why it is so important. I could try myself but I am sure I would do an inadequate job

compared to some that are more up on it and how my head is working right now. IKE




 



Great explanation on the Chrysos PhotonAssay method of testing. It will definitely be a game changer for junior exploration companies once it is fully established in the industry. It's great to see New Found Gold leading the way here  in Canada starting to use this assay method of testing core samples.  

<< Previous
Bullboard Posts
Next >>