New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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.

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New Found Gold Corp > Raw Uncut QWN Grade Estimates of Ounces

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Post by nozzpackon Aug 07, 2024 9:37am

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Post# 36167299

Raw Uncut QWN Grade Estimates of Ounces

Just another demontration of any way you approach estimation of QWN best prospects ( todate ) , you arrive at over 20 m ounces to the depth sampled by drill of 400 meters .

Drill volumes sampled per meter of drilling by the 89 mm bore is merely the total volumes being sampled per meter by the 336315 metters drilled by March 2024 ( 2024 TR ) , based on the documented strikes, depths and widths of the 10 prospects listed in the table below.

The grades are uncut raw grades which , on average , contain 96 % blank assays

These grades will increase when definition drilling begins due to higher drilling success within the defined FS deposit limits as defined at the bottom of the Table below .

The computed estimate is close to 24 million ounces by this method , consistent with other estimates that the 10 best QWN prospects contain at least 20 million ounces ..

GLTA

Prospect	Drilled Meters	Volume Conversion factor	Volume Sampled mil tons	Uncut grade ( gms/ton )	Contained Gold m. ounces
	A	B	C ( A x B )	D	E ( C X D / 31 )
Keats Main	85574	5450 tons / meter	466	0.67	10.1
Keats North	26920	5450 tons / meter	147	0.22	1.0
Keats South	30494	5450 tons / meter	166	0.14	0.8
Keats West	30774	5450 tons/ meter	168	0.53	2.8
K2	27741	5450 tons / meter	151	0.36	1.8
Lotto	24238	5450 tons / meter	132	0.36	1.6
Lotto North	26252	5450 tons / meter	143	0.12	0.6
Iceberg	33642	5450 tons / meter	183	0.69	4.1
Iceberg East	21251	5450 tons / meter	116	0.23	0.9
golden Joint	29429	5450 tons / meter	161	0.34	1.8

Total 10 Prospects	336315	5450 tons / meter	1840	0.43	23.7
10 prospects	4100 X 400 X 400 x 2.8		1840