Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 DanWarrenon Nov 15, 2024 9:51am
63 Views
Post# 36314682

RE:Iceberg Trench Could yield 500,000 + ounces

RE:Iceberg Trench Could yield 500,000 + ouncesNozz's post didn't display well, so I copied and pasted parts of it below ( maybe my browser is the problem?)
__________
 
Recall my recent analyses that the Keats Trench , ( measuring 200 m by 70 m wide ) , to 150 meters of depth contained 286,000 ounces at an average grade of 15 grams per ton .
 
Iceberg Trench is larger,.220 m by 105 m...see NR extract below..and the shallow zone below the Iceberg Trench averages above 31 grams per ton.....see extract post below.
 
So, Iceberg Trench is 50% larger by surface area and its grades just below that trench are about twice those of Keats.
 
These are coarse extrapolated comparisons but provide substantive sampling evidence that a putative Iceberg Trench open pit to 150 meters of depth could yield 500,000 ounces of 1 ounce gold per ton.
 
____
Highlights:
 
 
 
The Iceberg surface trenching program will focus on excavating between 1-12 meters of overburden that covers the projection of the Iceberg Zone at the bedrock surface, exposing 220m of strike length over a 105m wide area, which corresponds to a core segment of the surface expression of the Iceberg Zone (Figure 1).
Excavation of overburden covering the surface of the zone is expected to allow for a detailed analysis of the geological and structural models currently defined through drilling.
Excavation work is underway and it is estimated that the trench will take 8-10 weeks to complete, followed by a detailed geological mapping program expected to be completed in Q4 2024.
The Iceberg Zone starts approximately 4m below surface at bedrock and when combined with the Iceberg East segment has been drill defined over 680m of strike length and to a depth of 180m. The shallow portion of Iceberg demonstrates robust grades over significant thicknesses, a hallmark characteristic of the zone. Previously released near surface highlight intervals from the area to be trenched include:
 
(I didn't copy paste the table)
 
<< Previous
Bullboard Posts
Next >>