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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 Oct 07, 2024 1:42pm
107 Views
Post# 36256438

RE:Another Methodologic Estimate of Tceberg Trench

RE:Another Methodologic Estimate of Tceberg TrenchSo, a conservative methodology using documented data and all in average grade including all dusters, from the 2024 TR estimated 220,000 ounces below the Iceberg Trench to a depth of just 
150 meters.

The square area of Iceberg Trench is just over 22,000 sq meters.

That computes to 10 ounces of gold per square meter down to a depth of just 150 meters.

The drilled area of the 7 highest prospects in QWN has a drilled strike of 1900 m and a drilled width of 400 meters for a total of about 750,000 sq meters.

Prorata to Iceberg Trench estimated gold ounces, these 7 highest grade prospects contain about 7.5 million ounces down to just 150 meters.

Although QWN has been drilled to 400 meters ..excluding the Deeps.most of the drilling took place below 300 meters which implies many more ounces than 7.5 million , a just estimated.

The important point being made is that everyone should accept the shorts opinion that QWN contains very few ounces, and reject analytical estimates using documented data because those estimates would just totally destroy the mass formation pschosis on the CEO site, which has once again confirmed the old saying that truth has no defense against fools who believe the big lie..




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