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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

Post by nozzpackon Oct 07, 2024 5:44pm
155 Views
Post# 36256901

Napkin Model Near Spot on for SGD

Napkin Model Near Spot on for SGDAt  0.3 gram cutoff, the Napkin model estimated 8.2 million ounces for SGD versus 7.4 million ounces
from the PEA for the same period up to late 2023..

https://miningexplained.com/snowline-gold-napkin-math-20231127/


G
iven the normal statistical slop in both of these early drilling estimates , the two estimates would be statistically indifferent in their outcomes.

This gives substantial conviction that we are in the right ball park for QWN, with two models now estimating over 7 million economic ounces of gold in just the upper 150 meters.

It might be a bit early to rejoice, but almost certainly , we can rule out without concern, opinion based estimates that QWN contains less than 5 million ounces ..

Such deceivers can now be placed securely on Ignore and removed from all consideration..
GLTA
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