New Found Gold Corp V.NFG

Recent Lotto Assay Results

[Global1966]

Being an accountant,  I took the figure quoted in the recent PR of 21,000 metres of assays awaiting results, away from the figure in the 6 July PR of 34,200.

I guess this means assay results have been received for about 13,200 metres of core.

Am I right in assuming the 7 holes in the current assay results is about 2500 metres. 

If this is in the ballpark, there must be about 11,000 metres of assay results known but not reported?

Am I on the right track or way off beam?

[megacopper]

  It means exactly what it says in the news release. See below. They are waiting on 21,000 meters of core to be assayed. And that figure changes weekly as more holes are drilled. With 9 rigs drilling you are turning out thousands of meters of drill core every week. And as the geologists log the core and take notes they decide what to get assayed and what not to get assayed. You don't

[DanWarren]

This post has been removed in accordance with Community Policy

[BetontheFed1]

From the recent updates: July 6   61,700 meters completed, 34,200 meters received and reported, 27,500  pending. (Assumed as no pending amount was listed in news release) Aug 12.  75,025  meters completed,  34,398 meters received and reported  40,627 pending Sept 6.  76,000 meters completed, 55,000  meters received and reported

[Global1966]

Thanks BentonTheFed1. I just wanted to check my reasoning. There are many potential reasons why but there is no point speculating on that