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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 Nov 01, 2024 8:02am
136 Views
Post# 36291940

Keats Trench Grades

Keats Trench Grades47 auriferous intercepts , ( excluding " Including" as those are included unddr Hole ID and " AND" )  representing 228 meters out of 1782 meters sampled for a concentration index of 14.6 %.

Average grade of these auriferous intercepts was 31 grams per ton.

Including 1554 meters which were not auriferous, the average grade was 0.83 grams per ton.

In my previous analyses for Keats Main......entirely widely spaced exploration drilling  compared with the systematic and closely spaced KT transect lines .....the concentration index was just 3.4 %  and the average grade , all assays included including dusters, was 0.67 grams per ton.

This confirms my posit that exploration drilling, which are typically searching drill holes, will significantly under estimate the concentration index ( % of holes drilled that are aureiferous ) , especially when compared with within optimized pit concentration index, and will include a disproportionate percentage of dusters when compared with 
FS results.
Of course , that is to be expected as a matter of logic.

Also, it demonstrates that , when properly conducted ,there is a proclivity for exploration grades to under estimate within pit FS grades .

Finally, with respect to Napkin Math for QWN, it will substantively under estimate gold resources when  searching distance is restricted   100 m .

AIMHO
GLTA



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