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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 06, 2024 2:38pm
112 Views
Post# 36166326

RE:Gram-Meters Intermine Prediction Success ..20 out of 20

RE:Gram-Meters Intermine Prediction Success ..20 out of 20I am surprised that no one seems to accept the validity and accuracy of my QWN estimates of contained ounces above 300 meters of depth, based on ounces per meter drilled extrapolated from 4 other Orogenic deposit ounces estimated in  FS .

20 out of 20 estimates were near spot on which is an extraordinary prediction  success rate.

Using this simple model, QWN shallow prospects are consistently estimated to exceed 20 million ounces.

Surely, one or two of you might have asked to have  it reviewed by a competent geologist , as if confirmed, you have a unique opportunity to load up on the initial stages of a world class gold discovery .

My feedback has been very positive , noting that the drill sampling rate of QWN is very high and higher  than any of the four FS proxies, which is the most critical variable .

For example, V Lake, a slightly bigger area than QWN, has 429,000 meters compared with 500,000 meters drilled for QWN.

That is for QWN, if a resource estimate were made of these shallow deposits today , 75% of more of the contained ounces would meet the premium 44-101 classification Measured and Indicated....about the same as the V Lake FS.

What I am saying is that it is the size of the QWN discovery that determines the value of your investment here...and estimates are available that can be vetted by contacting a competent expert.

I have so why shouldn't You ?

AIMHO






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