New Found Gold Corp V.NFG

Assay Office Back Log - Build Lab Onsite

[lithomon]

Pour a very large concrete pad ASAP (if you can find an area where there isn't any gold), somewhere near the vicinity between Keats-Golden-Lotto.

And do it soon while it's still summer weather.

Erect a building on the large pad and be inside before winter organizing crushers, pulverizers, furnace, drying ovens, compressors, wet chemistry, etc, etc.

This will save a ton of cash rather than flying rock samples around the country.

Build it where an eventual Gold mill is obviously going to be constructed.

This onsite build out enables rapid assay turnaround results.

NFG going to need its own lab as the project proceeds to resource calculation, Prefeas & bankable.

Need to get moving on the Air Permit & NFLD Gov't is likely to fast track the permit approval (given the size & value of NFG's gold development). 

And remember to drill a water well now or pipe in water for emergency showers and eyewash basins.

The magnitude and high value of NFG's gold deposit(s) would highly justify fast tracking an onsite lab.

[ronreagan]

Correct, I've been wondering why they have not YET done this - doesn't Novo Resources use some kind of Chrysos Photonassay technology? But keep in mind that the assay lab must be INDEPENDENT of NFG, right? So, even though NFG would own the land and building they would have to rent it out to an independent lab, right?

[lithomon]

Yes, Right you are, Independent. NFG constructs the facility and pays for the recommended equipment. Then once NFG in gold production operations, some of the assay lab workers trained under the Independent Lab Manager will likely stay around the area and get hired directly by NFG to work on production ore assays. Eventually Environmental gets incorporated into the facility, etc.... 

[diabase1]

Good idea Lithomon, but the Labs must be completely independent from the company. SEC rules!

[diabase1]

Instead of a Lab, put in a Tim Hortons in the village of Appleton!! You'd get all the miners going and coming from work in the gold mines!!