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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 05, 2024 10:26am
103 Views
Post# 36296968

Economic Gold Concentration Index

Economic Gold Concentration IndexThe concentration index is easily calculated from FS .
It is merely that percentage of rock within the optimized pit that is above cutoff grade and is milled.

For example, Vakentine Lake has a concentration index of 8.5%.

Another orogenic, Goldboro has a 12% concentration index.

FS within the optimized pit have been intensively drilled by definition drilling and grade control such that gold grade spatial stratifications can be made..high grade medium grade and low grade..the rest is waste .

There is no FS for QWN to directky compare but Keats Trench Channel sampling data are equally intensively sampled and should qualify for direct comparision with V Lake and Goldboro .

Keats Trench has a concentration index of over 14% .

Its a small area so the difference should not be signifucant .

But, despite the bashers continually stating that QWN ore is too heterogenous for economic mining ..ie veins spaced too widely apart....Keats Trench spatial concentration index fits quite nicely with the FS 
of both V Lake and Goldboro, both orogenic siblings of QWN..
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