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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 > sampling bias
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Post by orophil on Nov 08, 2021 10:30pm

sampling bias

perhaps a discussion is in order in regard to the role of sampling bias in reporting of drill results....investors have an expectation that when a core is split that the selection of the half core that is submitted for analysis and the half core that is retained should be done randomly and not based upon visual inspection and favoring of which core may appear to have a higher quantity of gold.....iow we expect unbiased submission of a core sample half.....however in just about every other step of the entire evaluation of the extent of the size of an ore body we eagerly expect and anticipate bias....as an investor we expect management to show us where the gold is and in what quantites not where it is not....we expect assays to be submitted and performed not on random sections of core but on the most highly prospective cores based upon visual inspection and the using all of the tools and talents available to professional geologists....with 9 rigs drilling   it is reasonable to expect that there is no shortage of core and management now in the process of selecting core to be submitted for photon analysis....its reasonable to expect that among the cores now present in the shacks the cores most likely to test with the highest grams/ton will be those that will be submitted.....based upon the the success to date in finding jewlry boxes I am optomistic that good news may be on its way and very soon
Comment by AlwaysLong683 on Nov 09, 2021 12:08am
orophil, if what you say is true, investors should "eagerly expect and anticipate bias", and the assay process from core yard sampling to the work in the labs conducted to date by NFG was perfectly normal and is standard practice in the industry, then why did NFG feel need to issue a press release dated November 4 after market close (7:33 pm) stating the following, which will cost the ...more  
Comment by Flyder on Nov 09, 2021 9:23am
In order to remove sampling bias properly, core should be marked with a line down the axis and split along that line.  Only one side of that line goes in the bag to be analyzed, and the other side of the line stays in the box.  A random selection of pieces from either side of the line is inaccurate and very vulnerable to sampling bias (samplers can select the shiny side only, for example ...more  
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