Yes, there is lots of talk about NFGPerhaps it is just a case of tax-loss selling -- most everyone having bought shares of Collin Kettell and Denis Laviolette's New Found Gold Corp. (NFG) over the past four years is in the red, after all -- but today's bonanza-grade assays failed to generate a bounce. New Found, just $2.10 not quite two weeks ago, had crawled back to $2.59 on Friday, but today it fell six cents to $2.53 on 499,000 shares following assays from a second phase of trenching at Keats, on its Queensway project in north-central Newfoundland. Bonanza-grade assays abounded but that was no shock, as the trenches cut across what is arguably the area with the best grades on the project. The headline hit returned 455.33 grams of gold per tonne across 4.65 metres, although the company estimates the true width at roughly 60 per cent of that length. Further, much of the gold was crammed into a 0.95-metre subinterval that ran 1,494 grams of gold per tonne. (The other 3.7 metres still mustered a hefty 188.6 grams per tonne.) There were plenty of other highlights emanating from the trenches exposing the southwest-to-northeast Keats Main vein and the self-explanatory East-West vein. The latter area yielded the majority of the bonanza-grade assays this time, but both areas produced core zones with grades handily topping 100 grams of gold per tonne in the combined phase I and phase II program. Today's results were deemed of sufficient importance that Greg Matheson, chief operating officer, pre-empted Melissa Render, his vice-president of exploration, on the cheerleading floor. The channel sampling, he enthused, "has given us greater confidence in the grade distribution of both very high-grade vein domains and secondary structural orientations that may have been missed through drilling alone." The first phase of trenching, Mr. Matheson said, "successfully defined broad zones of high-grade mineralization along with many geological insights," while this second phase "has given us a considerable amount of data for understanding grade variability and clearly demonstrates good continuity of high-grade gold," both in the East-West and Keats Main veins, along with other secondary vein zones. This assessment of variability, Mr. Matheson drones, "is extremely important when dealing with coarse gold systems like we have at Keats and elsewhere at the Queensway project." Therefore, he added, meandering toward a conclusion, the information gained from the Keats trench will also support the initial mineral resource estimate that is expected to be complete this coming spring.