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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 Aug 01, 2024 6:07pm
90 Views
Post# 36159333

RE:RE:Commissioning of Pine Cove Mill

RE:RE:Commissioning of Pine Cove Mill

"Maritime has identified approximately 85,000 tonnes to 115,000 tonnes of stockpiled and tailings material grading approximately 1.1 grams per tonne (g/t) gold for approximately 3,000 ounces (oz) to 4,000 ounces of contained gold.
 

The potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a mineral resource.

It is uncertain whether further exploration would result in the stockpiled and tailings material being delineated as a mineral resource.

Tonnages were calculated from surveyed volumes of the stockpile and tailings areas applying bulk density factors of 2.0 tonnes/cubic metre for broken stockpile material and 1.5 tonnes/cubic metre for screened fines material.

Grades were estimated from assay results of the 677 samples that were collected and closely matched the grades processed by previous operators."

Those bulk densities say very quick processing through the Pine Cove mill.

Could dry dredging of Tailings Pond #2 ....just 2 feet in depth..add many more ounces ?

Regardless, it will be a very profitable ramp up commissioning period, leading into 
Ronnie's domain whose world class mining curation I cannot vouch for ....LOL

The Wolf came down .........and his cohorts were gleaming in silver and gold.....

 

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