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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

Post by TheGreekGoldGuyon Apr 06, 2023 11:39am
233 Views
Post# 35383135

The Truth about Gram Meters, Part two

The Truth about Gram Meters, Part two

Further clarification on why the GGG prefers to report drill results in gram meters.

 

 

The latest news release from NFG on April 4, serves as the perfect example to clarify this issue. Here is the headlines form NFG’s news release that day.

 

“ New Found Intercepts 35.6 g/t Au Over 10.65m, 13.1 g/t Au Over 13.9m, 6.9 g/t Au Over 20.4m, 12.6 g/t Au Over 7.6m, & 10.5 g/t Au Over 6.65m at Iceberg”

 

This headline indicates that NFG discovered five high grade intervals in the two holes that were released. A closer look at NFGC 1128 indicates that there were two additional high grade intervals near the lower end of the hole. At the 130 meter depth, there was an interval of 2.15 m of 7.14 Au (g/t) and at 140.5 meters, there was an interval of 2.4 meters of 8.12 Au (g/t). 

 

For the  purpose of showing a more accurate picture of the significance of each hole, the GGG adds up all of the different intervals of gold and converts them to aggregate gram meters. NFGC 1128  ended up with an impressive aggregate total of 312.69 gram meters. When NFGC 1128 is mined, the GGg doesn’t think they will ignore those lower intervals of high grade gold. 

Check out the second table in this news release.

https://newfoundgold.ca/news/new-found-intercepts-35-6-g-t-au-over-10-65m-13-1-g-t-au-over-13-9m-6-9-g-t-au-over-20-4m-12-6-g-t-au-over-7-6m-10-5-g-t-au-over-6-65m-at-iceberg/

G
GG here, Happy Easter

 

 

 

 

 

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