New Found Gold Corp V.NFG

4 calibrated Predictions of Detour Lake Gold Resources

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These are the same orogenic mines that I used to calibrate estimates  of the QWN 7 Prospects which was consistently in the range of 25 million ounces.

These four orogenic mines have been used in the table below to estimate the contained reserve ouncesi in the Detour Lake mulit pit FS study of Dec 30 2020 .

Once again we see how consistently these highy variable orogenic mines in grades and ounces predict Detoiur Lake Gold content , the average being 12 million ounces versus 15.8 million ounces in the DL FS.

Examining the DL grades by pit , I discovered large variability according to pit , from 0.77 g/t to 1.23 g/t .

In addition , Proven Grades  were 1.22 and probable grades 0.91.

These estimates would havev been better done by pit and added up  , but drilling statistics were not provided by pit .

In any event , just the pit variability in grades are easily 1 sigma which means that the sampling error on the mean of 12 m ounces would have included 15.8 m ounces.

In summary, through multiple tests, I have shown that this simple model using the three  critical FS statistics ( meters drilled, mine grade and contained ounces ) do an excellent job of predicting the outcomes of other mine FS  derived from their geological models adjusted by krieging algorithms for spatial variability within  the pit,

Divide by 2 to be extremely conservative  and you stil have a world class mine at DLake and QWN 7.

Any critical comments on analytics would be appreciated

Mine	FS Meters Drilled	Gold Resources M ounces	Average Grade gms /ton	ounces per meter drilled	DLake  grade unadjusted   Gold Resources m oz	D Lake   grade  adjusted Resources m ounces
	A	B	C	D = B / A	F = 336,000 m x D	E= D x 11 / C
Valentine Lake	428,000	5.1	1.8	12 oz/ m	21.1	11.4
Goldboro	122,000	3.1	3.9	25 oz / m	44.0	11.0
Lynne	221000	2.8	1.6	13 oz / m	23	13.9
FosterVille	129000	4.1	4.9	32 oz/ m	56.3	11.2
Detour Lake	1760000	15.8	0.97			Mean   =   12.0