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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 19, 2024 8:03am
102 Views
Post# 36185543

RE:Using Simple Gram Meters Drilled Model For QWN

RE:Using Simple Gram Meters Drilled Model For QWNThis Gram-meter simple model is the same used by Eric Sprott who has many geological advisors.
You might recall his 100 m ounces forecast for QW.

The uncut grades ( raw )  used in my estimate of over 19 m ounces above 300 meters is based on huge sampling but includes a very high proportion of blank meters that were drilled.

Using a 1 gram cutoff, the average grade rises to 11 grams per ton.

Compared to V Lake and its 5.1 m ounces at 1,8 grand per ton , QWN is very very rich .

Hell, the gold in til in QWN is almost double that of V Lake grades in their three pits.

Let there be no doubt.

There are millions of ounces of very high grade gold just in the shallow zones of QWN.

Recent Deep drilling now extends that to over 800 meters .

When it all drilled out, ES will be very close on his 100 m ounces.

And just a modest proportion of the 15 km strike only partially drilled todate..
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