New Found Gold Corp V.NFG

News

[atchouk]

“Starting at surface the multiple high-grade zones at Keats now cover an overall footprint of approximately 250m in width x 490m along strike x 307m vertical depth and are open in all directions”

This is almost 100 million metric tons of ground! Correct me if I am wrong. It looks like Northern Dynasty (NDM) in Alaska is going to give up its world record in undeveloped gold deposits. But our NFG is not located in the natural reserve.

[atchouk]

I probably exaggerated comparing NFG with NDM but even if the average gold content is 0,1 ounce per tonne, it is 10M ounces. But the multiple high-grade zones at Keats are open in all directions. And Keats zone just one of many others! And we have completely undrilled South zone which is much bigger than the North zone

[Retiredgeo]

The footprint is not all ore!  There is a lot of barren rock between the veins.  The Keates system is 250x490x307 metres to date.  It will probably be 250x1000x1000s by the time it is fully defined.  Lots more holes to come.

[atchouk]

Of course, the footprint and the entire volume (about 33 million cubic meters) is not all ore! But if the average gold content is just about 3 g/tonne the deposit could be about 10 M ounces.

[Retiredgeo]

I will be surprised if they have more than a half million ounces implied to date.  It takes years to define a multi-million ounce deposit.  A lot of bloggers on this forum are in such a hurry for Bre-X type results!  Sorry, they don't have 10 million ounces or 50 million or 100 million of 500 million!  Maybe one day they will.

[likeike]

Wow atchouk that is a pretty strong statement and I hope someone else  checks this out but this is mind boggling. I have had a 1000 shares of NDM for sometime and have totally given up on it as being developed. US Military got all kind of roadblocks on it.  To think how inviting the Newfoundland government is to development. IKE