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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > NFG has bonanza gold grades in every zone
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Post by megacopper on Sep 08, 2021 9:31pm

NFG has bonanza gold grades in every zone

The gold grades were ok? Hello!!! Somebody needs a refresher. Please see below for what is considered low, average, high and bonanza gold grades. Guys anything greater than 8 g/t is considered high grade and anything over 31 g/t is considered bonanza gold grades. Tough bunch to please. Holy sh*t


The main vein at the Lotto Zone has just been extended to a 200 meter vertical depth increasing the vertical component by 90 meters with bonanza gold grades throughout the zone. Also, the veins at Lotto have now been confirmed over a 340 meter by 325 meters footprint at surface with consistent bonanza gold grades in all of the veins (just not the main vein) and some guys think it's just ok. What planet are you guys from. Please Quinton Hennigh explain some geology 101 to some of these guys in your next video. These guys are desperately in need of assistance. 



Hasn't anybody been doing any research on the Swan Zone at Fosterville. Ok you can look it up but I can save you the trouble. That particular zone (Swan Zone) for the most part was only between 2 meters and 6 meters wide with average grades of 61 g/t. Yes you read that correctly and that is one of if not the richest gold mines on the planet and NFG just released intersections of 76 g/t and 111 g/t gold over 2.5 meters and some guys thinks it's just ok.

 


Now go back and look at all the drill holes that intersected veins on the Lotto Zone and come back and we'll have a discussion about the results. Yes a couple holes at the Swan Zone at Fosterville were mind blowing high grade but so were a few holes at the Lotto Zone. Never mind the Golden Joint and the Keats Zone. Oh my  I just wish some of you guys would just sell NFG and move on because if you aren't impressed with these types of gold grades you will never be impressed. These are phenomenal gold grades over mineable widths from surface to a 200 meter depth and the mineralization is open in all directions with these veins at Lotto. That means they keep going. They have not found the outer limits. I give up. Please people educate yourselves on some geology. It's not hard to do with the internet nowadays. NFG are finding a lot of gold in a small volume of rock. That is extremely good news. 

 

Gold grade is a term used in gold mining, and should be used as a measure of the quality of gold ore – that is the raw material obtained from mining. ... High grade gold ore contains more gold per tonne; this means that more gold is obtained from every tonne mined.Aug. 9, 2021
Average grade: 5 - 8 gold grams per tonne
High grade: 8 + gold grams per tonne
Low grade: 0 - 5 gold grams per tonne
'Bonanza' grade: Troy Ounces (31.1 grams) per
Comment by Global1966 on Sep 08, 2021 10:20pm
Agree mega. We have been spoilt by the Godzilla grades in Keats and some expect that in every assay result. The giveaway for me is looking back to the PR of 6 July it says about Lotto "......one of a Network of multiple secondary north south Vein sets"
Comment by pantonor on Sep 08, 2021 10:54pm
This post has been removed in accordance with Community Policy
Comment by cyberman on Sep 09, 2021 12:22am
fwiw; THE definition of a spammer, for whatever reason, good or bad, response attached to a valid message giving validity, check the posting history, the link could be corrupted, i wouln't click on it... ...speaking of staying safe, didja hear about the confused UK lass who heard she'd be protected from Covid19 if she was double-jabbed ? she visited the twin boys down the street for ...more  
Comment by likeike on Sep 08, 2021 11:34pm
Amen Brother Megacopper  Finally I can say you believe.......I could not nor anyone else have said it better  and if you do not believe read it again... if only we could make the blind to see If you still do not believe ......IT IS TIME TO MOVE ON Sell all you shares PLEASE so we do not have to contend with infidels any longer. There is no hope for you ...eternal blindness is your ...more  
Comment by megacopper on Sep 09, 2021 2:46am
Swan Zone information below. Another metric often used nowadays is gram meters. Anything over 100 gram meters is considered exceptional, so the results from NFG's Lotto Zone were in excess of 100 gram meters  To get this number simply multiply the grade by the intersection width   In particular, the Swan Zone (previously known as Lower Phoenix Footwall) contributed 532,000 ounces ...more  
Comment by JRafflesUK on Sep 09, 2021 7:09am
These results came from only 7 drill results at Lotto. Bearinbg in mind that there have been 8+ drills operating continuously since the last results in June, then it is likely that this is an apperitif, with the main course of drill results to be expected in the weeks ahead.
Comment by cyberman on Sep 09, 2021 8:14am
not to sure about that mega, but it’s a great topic to discuss, and i believe it is a little more complicated than that especially if attempting to establish defined ore reserves.     the Fosterville Mine proved up 8,000+ gram metres at one point, the proven resource was 281,000 tonnes at 58.8g, last year their average grade was 33g tonne with the 2,800tpd Mill Processing running at ...more  
Comment by megacopper on Sep 09, 2021 10:58am
  I really don't understand some investors. New Found Gold has discovered 3 Swan Zones and counting similar to Fosterville. Does nobody else see what I am seeing. Buy more NFG if you can and eventually the market will figure it out. 
Comment by Flyder on Sep 09, 2021 11:06am
New Found Gold has discovered 3 Swan Zones and counting similar to Fosterville. Does nobody else see what I am seeing. Buy more NFG if you can and eventually the market will figure it out.  Doing just that this morning.  I can't think of a better investment anywhere than NFG at 8.40.
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