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.

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New Found Gold Corp > MRE without Infill Drilling

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Comment by nozzpackon Nov 11, 2024 8:58am

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Post# 36306297

RE:RE:RE:MRE without Infill Drilling

My apology, yes, a question of an information gap.

All drilling data is used unless corrupted and combined with other spartial information forms the geological model which guides the mining model.

Resource estimates are naturally assigned to the three categories based on sampling intensity .
Normally, the exploration drill data are boosted by definition drilling along with closely spaced grade control drilling.
Keats Trench comes very close to the latter sampling intensity.

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