New Found Gold Corp V.NFG

When ever will we get.......

[ernesto47]

from this company some reserve figures??????????????????
We did drill now about 500Kmh holes and found thre great posts and we also made all that hollywoodstuff! They should bd abke now to kome up with partial figures, if not, something is messy!

[Global1966]

Nfg have engaged a resource geologist. Dennis Laviolette made mention of it in his Beaver Creek presentation but no time frames were mentioned. Is there any geologists in the forum who can give us an idea how long a resource should take to calculate - say Keats on its own

[Retiredgeo]

A maiden resource calculation can be created quite quickly but there is a huge margin of error attached.  With modern computer programmes you just set the parameters and hit a button. I have never heard of any definition drilling anywhere on the Queensway property so a resource calculation at this time might not be appropriate.

[Retiredgeo]

I stand by my estimates of 2-3 million at the KMZ, 1 million at Keats North, 1-2 million at Lotto with an unknown amount elsewhere.  Multiply by 5 to go down to 2000 m.  I am not optimistic of the gold extending much further down but maybe it does.  Crunch the numbers and that is an inferred resource of 25 million ozs.  Property wide there is probably 100 million ozs +. Does

[ernesto47]

Retiredgeo, many thanks for your calculation and now also sorry for my missprintings, but in the old age, with some stiff fingers and the dumbness not to read what I printed, this can happen. I was a bit mad, because still we get no true proof from NFG on the drilled out boxes................GLTA