Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by nozzpackon Aug 21, 2024 1:04pm
177 Views
Post# 36190142

Incontrovertible comparison,,Best of Marathon..Best of NFG.

Incontrovertible comparison,,Best of Marathon..Best of NFG.Marathon gold , in its 2022 V Lake FS, provides the best intercepts for the Marathon pit in one of its tables.

The Marathon pit is V Lakes largest pit

There were 23 such intrecepts reported for the Marathon pit which averaged 120 m in interceot length and averaged 2.3 grams per ton.

The gram meters were therefore 120 m X 2.3 gms = 276 gram meters.

The Marathon pit contained 2.15 m ounces of M + I + If ,at an average grade 0f 1.9 grams per ton.

I then went to the NFG web site where they provide their 11 best QWN  intercepts  for the years 2020-23  .

The average length of these 11  best intercepts  was 20 meters  and the average best grade was 136 grams per ton.

The Gram Meters index for QWN is therefore 20 m X 136 grams =2720 g meters.

The QWN best intercepts was 9.8 times greater than the 23 best of the Marathon pit containing 2.15 m ounces .

This translates into 21 million ounces for QWN ( 2.15 m ounces X 9.8 ) which is in the same range of my other estimates for QWN above 300 m.

Now, QWN has dozens and dozens of superb intercepts at high grades.
This is not the case for the Marathon pit .

GGG provides a very useful set of best intercepts for QWN.

Perhaps he or some one else find another 12 best intercepts such that QWN is based on the 23 best intercepts, and replace my 11 QWN statistics with the average lenght and grade of another 12  and update the estimated QWN ounces for 23 intercepts for both Marathon and QWN.

Regardless, it will not change the fact that the multiple estimates that I have provided shows  that QWN best 10 prospects above 300 m ,have well over 15 million ounces of gold at a 1 gram cutoff

GLTA







<< Previous
Bullboard Posts
Next >>