New Found Gold Corp V.NFG

Not an Issue

[geezer21]

The bias in the core assays is not significant. The cores are split. Each lab had a half.  Each half is not going to be exactly the same. It is not an issue. It is distracting from this statement in the notice:

"Recognizing the nuggety nature of gold mineralization at Queensway, for the last several months ..."

This tells you there is visible gold in the core samples that have not been assayed yet.

Pay attention. When there is visible gold that is significant.

[goldstd69]

geezer that is what I am asking...I think along your lines...

[wajac]

That is the point! The core results are understated not overstated. The new assays will be better.

[likeike]

The bias in the core assays is not significant. The cores are split. Each lab had a half.  Each half is not going to be exactly the same. It is not an issue. It is distracting from this statement in the notice: "Recognizing the nuggety nature of gold mineralization at Queensway, for the last several months ..." This tells you there is visible gold in the core samples

[likeike]

https://orders.newsfilecorp.com/files/5993/101885_29bfd22e44d1bad2_002full.jpg Look at the beautiful VG in the pics....is it significant.?  ....means nothing until  assays come back and the market price greatly reflect it. IKE

[geezer21]

"VG can be significant especially if their is a lot but it is still only regarded as an indicator in most cases that you might have something significant." I totally agree with you that a few nuggets can skew assay results. However, VG is a significant indicator especially if there are a lot evenly distributed over considerable lengths of core. But, only an indicator as you say.

[Retiredgeo]

In orogenic gold systems such as Queensway and Fosterville VG (visible gold) and lots of it are the norm.  It is not an "indicator" but the primary ore.  It is important that they assay the VG in a reproducable way.  That is what the "whole core" assaying is all about.

[diabase1]

Retiredgeo, is Chrysco assaying accepted in Canada as an industry acceptable CIMM bi-law. I know it's used in Australia, but does Canada have it's own rules? TIA.

[Retiredgeo]

No idea!  It post dates me.  Everything was fire assay when I retired.   Reading between the lines NFG does not anticipate a problem.

[diabase1]

Thanks Retiredgeo. Here's some info: Chrysos Corporation, pioneer of the revolutionary PhotonAssay technology, and MSALABS, a global provider of geochemical laboratory services for the exploration and mining sectors, have announced a global partnership to deliver Chrysos’ ground-breaking assay solution to the international mining industry. The partnership will see MSALABS deploy at

[Retiredgeo]

Acceptability is a legal issue and an industry issue.  The technology is probably too new for many to yet have an opinion on it.  Today, I had to refresh myself on what a "gold isomer" is. Is NFG rushing into an "experimental" assaying technique?   The market likes slow, steady and predictable.  Experimental doesn't make the cut.

[diabase1]

Agree!! Chrysos won't be available in Canada until mid 2022. So expect some assaying by NFG before the end of 2022. I would assume that NFG would also assay sample core in parallel with fire assay, until they are satisfied that Chrysos works. Back to the CIMM (Canada) situation. Since Kirkland Lake Gold is a Canadian company, it would mean that they would have to adhere to the CIMM rules. As

[Bookworm28]

Serious? No way to use the new assay method in Canada until mid 2022? I didn't get that from the NR, but if it's that new, I think this might turn out to be a long story. Anyway, drilling will continue, but I suppose we won't have any new assay results until the photonassay method is available for use in Canada. Hmmm... you positive?

[Bookworm28]

Re-read the NR. Whew! We won't have to wait for the photonassay method for new core assays... 'Recognizing the nuggety nature of gold mineralization at Queensway, for the last several months New Found has been considering implementing assaying of whole-core samples. This approach provides a larger sample for assay which reduces variability of assay results particularly helpful in nuggety

[diabase1]

As far as I know, there are no Chrysos units in Canada right now. If NFG wanted that process done, they would have to send the core to Australia. 

[wajac]

They are working with MSALABS which is in Langley, BC.

[megacopper]

  I do believe Kirkland Lake uses a Chrysos unit at their mine in Ontario. 

[Retiredgeo]

No time line was given for building the new lab.  It might only take a few months. The press release did not say new assaying has been suspended.  Discrepencies between labs is an old issue and can be resolved on the side. The next batch of ALS Minerals results can come out at any time.  Whether or not they will be believed is another matter.

[Gangsterme]

There so much BS here from people that have a marginal,  at  best understanding of this stock. I read this only to try and understand what drives people to invest in something that is wishful thinking rather than really understanding what is going on in the world. Bottom line might be that the folks that do not understand exploration stocks will to put it concisely... screw off. I

[diabase1]

Partnership with MSALABS to bring Chrysos gold assay tech to Canada Chrysos Corporation, pioneer of the revolutionary PhotonAssay technology, and MSALABS, a global provider of geochemical laboratory services for the exploration and mining […] By Canadian Mining Journal Staff  May 11, 2021  At 3:40 pm       

[Retiredgeo]

They can do both on the same sample.  Since Chrysos Photonassay is a nondestructive technique they can do that first then send the sample in for destructive fire assay.  Once the market becomes comfortable with the technique and it's results they can suspend the practice. For international legalities you will have to consult a lawyer.  I do not know.  Canada is not

[diabase1]

That's true, but since KL is a Canadian company, it has to adhere to Canadian rules!!