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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 explogeoon Sep 24, 2024 9:23am
145 Views
Post# 36238016

RE:KMT Phase One Highlights

RE:KMT Phase One HighlightsJust a quick note, you're calculation for KM-24-12 is incorrect. 


KM-24-01-12

20.77

25.98

5.21

214.97

Keats Main Trench

Including

20.77

21.67

0.90

14.72

And

22.58

24.18

1.60

688.66

And Including

22.58

23.58

1.00

1088

You can see that they've made the error of putting "and" instead of including. Meaning g/m calculation comes to 1120 g/m, which is still amazing.

I can't help but notice that even with the veins at surface, NFG is still noting "True widths are generally estimated to be 7-% to 95% of reported intervals."    Why on earth would they not calculate the true widths and report them? That doesn't sit well with me, there's no excuse to not report true widths when you're walking on the veins.
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