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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 > Proxy Based Reserve Estimates for QWN Top 7
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Comment by explogeoon Oct 02, 2024 1:36pm
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Post# 36250299

RE:Proxy Based Reserve Estimates for QWN Top 7

RE:Proxy Based Reserve Estimates for QWN Top 7So you're saying that Goldboro (15.7) has more adjusted reserves than Valentine Lake (14.5)....? Goldboro is a great little project but shouldn't be compared to Valentine or QWN. Could you clarify column C; you have gms/ton, GMS is grams per square meter. I'm assuming you simply mean grams/ton?

Average grade for QWN 7 is 11g/t for all 336,000m.....? Could you show the data to support this and which 7 prospects are you speaking of? Keats-Keats West-Iceberg-Iceberg East-Dome-Lotto-K2? 

I'm currently looking at all reported assay intervals that NFG sent to me when I asked for it back in August of this year (anyone can email the company and receive this): 1381 drillholes reported, 2991 reported intervals which comes to 12539m reported with a cumulative grade of 19024.62g/t. That comes to an average grade of 1.52 g/t per meter drilled for all of their released drill assays from the commencement of drilling to August 2024.
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