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.

TSXV:NFG - Post by User

New Found Gold Corp > grade smearing

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Comment by eldrecoon Nov 06, 2022 8:14pm

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Post# 35077864

RE:grade smearing

Thanks Wajac,
But they published it...it is no longer an opinion...it is publicly defamatory and libellous. For shame!
el d

wajac wrote: The clowns at Crux Investor wrote this about NFG smearing rsults. Even though they were not smart enough to analyse the results and demonstrate where the smearing occurred they still felt they had the right to print their opinion. An opinion without concrete evidence is simply an opinion and has no place in an analysis.

'What we are not sure about is whether the Company may have smeared results from down-hole, or not. Of course it is tempting to report good grades over wide thicknesses, but it can potentially lead to misrepresentation of the integrity of the deposit in the public arena.

For a Company, or indeed the investor, to recognise smearing is important, as smearing hides the fact that the target may not be as consistently present as implied. Not only that, but smeared grades have a significant impact in the resource estimation process as the very high grades that contribute to the good average grade of an intersection would be cut to a much lower value if they were just constrained to the source structure, and not smeared. We are uncomfortable with some of the data that has been presented by New Found Gold, as it looks as if some of the results have indeed been smeared.

The most extreme example is hole NFGC-20-23 which had a headline intersection of 22 g/t gold over 41 metres. A closer look at the data indicates that with 90% of the gold intersected in this reported width of 41.3 m is present in 0.35 m. Remember all the preamble about structural complexity at the start of this report? Well, seeing 90% of the gold in a 35 cm width fits the model, but it does not seem to fit with 41 m @ 22 g/t Au.'