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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

Comment by nozzpackon Jul 25, 2024 2:07pm
123 Views
Post# 36148469

RE:Geo 3987 from the other board says.............

RE:Geo 3987 from the other board says.............That's his commentary on my estimates ?
Wow.
He can't even read .
I do not average intercepts .
My grades comes from the 2024 TR.

Those , both uncut and cut ( above 1 gram ) , are the average grades for each meter drilled, including zero for blanks for both grade estimates.

Nearly 500,000 meters of drilling though billions of tons of QWN is a very large sample size within that drilled volume.....and over 95% of those meters were assayed and graded.

It is the best and most accurate set of drilling data that I have ever seen.

My proxy mines are all orogenic , and multi pit especially Marathon Lake with near equivalent high drilling density,  whose uncut grades within the optimized pits, clearly show that QWN uncut grades are over 6 times greater than that of Marathons which are high biassed as they are within pit definition drilling, rather than the less focussed exploration drilling.

If I recall correctly , ES ...not a geologist but a good mathematician ..has stated that QWN when fully explored will contain over 100 million ounces......a tad conservative by my estimates.

Perhaps you did not know that ES and his staff read these Boards for potential picks .

I do too, as among the rabble, there are some very astute investors whose investment spoor include many multibaggers.

Perhaps, most likely serendipitously , he and I recently arrived at the same excellent pick that is up multiples and still with strong legs.

But, we need to begin monetization of our best shallow discoveries, now that it is beyond speculation that QWN is a major world class gold discovery..

Eric is now 80 years old .
His view will carry..


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