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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 nozzpackon May 08, 2024 5:08am
156 Views
Post# 36028257

Naw, they don’t have internal resource estimates…

Naw, they don’t have internal resource estimates…So ses Dixie, whistling past the documentation library of NFG, avaikable to those who do their due diligence, ...

  • " Prior to the Keats trench, the Keats Zone had only been observed through drill core and modelled in 3D, forming the basis of the Company’s geological model.
  •  
  • A high-level first pass mapping program has been completed, broadly confirming the original interpretation but with added structural details not previously recognized in drill-core.
  •  
  • This initial phase of work has enhanced the Company’s understanding of the Keats Zone and the controls on high-grade mineralization as seen in the E-W Vein as one example"
 
So, they have a confirmed geological model, the mineralized dimensions are known ( also see documentation ) and they have thousands of meters of drilling data for grade estimation and the geological model containing krieging algorithms for resource estimation 

As I said earlier, internal resource estimates are standard operating procedures during a major drilling program for new discoveries 


 
 
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