New Found Gold Corp V.NFG

Chrysos

[likeike]

Only vid u need to watch......https://www.youtube.com/watch?v=joysxCsLH7Y

[megacopper]

  Well done ike. Once again you were well ahead of the curve with this one. I think you first mentioned the Chrysos testing unit at least 6 months ago. It will be well suited for the Queensway geology. 

[wajac]

Excellent video....short and sweet.  I look forward to a Chrysos lab on site here in  Gander and the steady flow of drill results that will flow from it. Onward New Found Gold!

[megacopper]

  I'm not so sure it will make any difference for us getting results faster as shareholders. I don't think Chrysos is yet recognized by the SEC regulatory body in Canada as a means of releasing results in a news release. Please correct me if I'm wrong about this.  I think the Chrysos unit can just be used by the company as a way of getting reliable results instantly

[wajac]

Mega, i don't know the answer and you are probably right. It's unlikely that the SEC will allow NFG to release drill results based on the PhotoAssay technology without using the standard procedure as well. 

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[GGGsOldFriend]

Sorry for my ignorance, but why would the SEC have anything to do with mandating or approving what assay methods are used by exploration companies?

[megacopper]

  All mining and exploration companies in Canada must adhere to the rules and regulations set out in the NI-43-101. See below for details.  https://www.tsx.com/resource/en/530 Resource Issuers 9.1 All mining Issuers must comply with National Instrument 43-101 - Standards of Disclosure for Mineral Exploration and Development and Mining Properties and the Exchange standards that

[wajac]

I did  a very quick read of the document. Nowhere did it state that 'fire assay' must be used. However it did list applicable methods. 'ICP, AA, fire assay, etc'  were mentioned. So perhaps based on that the  Chrysos Photon Assay method can be used and no prior approval is required.

[eldreco]

Good Suss, Wajac! el d

[likeike]

I'm not so sure it will make any difference for us getting results faster as shareholders. I don't think Chrysos is yet recognized by the SEC regulatory body in Canada as a means of releasing results in a news release. Please correct me if I'm wrong about this.  I think the Chrysos unit can just be used by the company as a way of getting reliable results instantly on the

[wajac]

Ike, you need to read all the posts since that post by mega.

[eldreco]

NoNoNo, Ike, In having the cup holder for your Screech with Chrysos...you get it back when it's over...with traditional assays, you are lucky to get the cup back!  Ain't Science grand!??  LOL el d