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.

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 nozzpackon Dec 06, 2024 5:37am
161 Views
Post# 36348626

RE:Bob Moriarty ~ Est. 10M to 20M ozs

RE:Bob Moriarty ~ Est. 10M to 20M ozsThose who like simple comparisions to indicate the gross level of gold ounces uncovered by QWN drilling might just compare Valentine Lake gold metrics .

V Lake three pits contain 5.1 million ounces  of gold at an average grade of 1.6 grams per ton.

Both are orogenic vein based resources.

428,000 meters were drilled in an area smaller than QWN.

550,000 meters have been drilled in QWN with a drill bore 50% larger than V Lake.

Lets be reduculous and assume that the average grade at QWN is 1.6 grams per ton.

That forces a conclusion that QWN contains at least 5.1 million ounces.

Lets suppose that the average grade at QWN is 5 grams per ton .

That forces a conclusion that QWN contains at least 15 million ounces.

Note that no adjustment has been made for the fact that the drilled strike and drilled area of QWN is much larger than V Lake and we have discovered gold down to over 800 m and still drilling.

As you can see, the fact that QWN has at least 20 million ounces in its current shallow drilled configuration has an indisputable quantitative logic .

To say nothing about the fact that the average grade of QWN is well above 5 grams per ton..


<< Previous
Bullboard Posts
Next >>