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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 03, 2024 8:51am
114 Views
Post# 36162812

RE:Slept like a baby

RE:Slept like a babyIt's obvious that you have not been in the technical centres of any mining company.

Otherwise, you would have noticed that statisticians develop, upgrade, and run the Krieging spatial models that are used, including integration of all other quantitative sampling data, to estimate grades and contained ounces.

Angles are easily corrected for algorithmically ....or didn't you know that ?

MRE is produced independently by expertly trained geo statisticians , so what is your problem with that ?

Standardized Line transects were used for most of the systematic drilling .

And the drilling conducted by NFG was recently independently reviewed by experts who stated this..

It is the Qualified Person’s opinion that the exploration work conducted by NFG at the Queensway Property is reasonable and within the standard practices of gold evaluation within the Dunnage Zone of central Newfoundland.

NFG exploration work results provide a significant update to the geology and mineral potential of central Newfoundland and the Qualified Person advocates that the information and data presented in this technical report forms a robust database for future exploration, and potentially, mineral resource estimation studies, at the Queensway Property."

Not knowing who a statitician is or how essential a statistician is in designing and interpreting drilling surveys has severely limited the impact of your drilling commentary to the extent that it can be deleted without any loss of knowledge .

 
 
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