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.

TSXV:NFG - Post by User

New Found Gold Corp > Population grade...........a new invention?

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon Aug 20, 2024 9:13am

134 Views

Post# 36187526

RE:Population grade...........a new invention?

A new term to you ?

There are three grades of ore in a deposit .

1..Typically, when people talk about the ‘grade’ of a deposit, they are talking about the AVERAGE Reserves , based on the samples of which have been analyzed above a cutoff level

2..The CUTOFF grade, is the low grade below which the material will not be profitable to mine. That material is mineralized, but it is not ‘ore’ because it isn’t worth mining.

3..The Population grade includes both reserves plus uneconomic ore below the cutoff.....every cu meter of ore including waste ore with no gold mineralization.

Learn something every day.
You have far to go..

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario