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 > Iceberg Trench Documented Estimation Data

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Comment by nozzpackon Nov 27, 2024 11:01am

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Post# 36333549

RE:Iceberg Trench Documented Estimation Data

Better format ..

Lenght .........................................................220 meters

Width ...........................................................105 m

Depth of estimation.......................................150 meters

Grade.............................................................1 ounce /auriferous ton

% Duster Meters ...........................................89 % ( assumed from Keats Trench )

Specific Gravity.............?............................... 2.84 tons per cu meter

Volume of contained rock = 220 m X 105 M X 150 M = 3.5 million cu meters

Tonnage of contained rock = 3.5 m tons X 2.84 tons /cu meter =10 million tons

% Waste Rock - 89 % = 8.9 million tons

Auriferous Rock = 1.1 million tons

Auriferous Rock grade = 1 ounce per ton

Contained gold ounces = 1.1 million tons X 1 ounce per ton = 1.1 Million Ounces

Contained Auriferous Rock Value @ 3700 CAD per ounce $4.1 Billion CAD

All criticisms / suggestions are welcome