New Found Gold Corp V.NFG

Let's compare drilling technique and results, and see.

[Evenkeel123]

Comparing drilling technique to different deposits. Patriot Battery Metals has been able to define the largest lithium resource in the America’s with relatively little drilling. This has been due to the system being very consistent throughout. The Fruta del Norte discovery when first discovered had very little drilling to define a high ounce ore body.

Then their is the inconsistent systems for example Great Bear Lake/Kinross Dixie project or New Found Gold’s Queensway project in Newfoundland. Where grid drilling on the order of 10 m x 10 m is needed to be confident in what the resource actually is because of the high grade to low grade variability in it. In Keats main zone from the technical report the average grade is 0.64 g/t. With 3.91% of the 114,000 m drilled grading above 1 g/t. This is with no cutoff or cap from what I understand. Where a vein type (inconsistent) system compared to a stockwork (more consistent) of veins/veinlets plays into it.

[Evenkeel123]

So folks, there is no correlation between drilled grade and average mineable grde, and that's why the company needs an nre.  The grades mentioned in the previous and attached post are uneconomical. Buck wants to know if anyone feels suckered, lol.  If you have a complaint, the company that write it is in the triangle at the bottom of the pages.   You guys need to do some

[nozzpack]

While I agree with the need for a MRE, it's a bit of stretch to say that mined grade has no correlation with properly measured drill core grades Mined grades are based on Reserves which have the highest spatial density of drilling rates and include a cutoff grade which eliminates low grade uneconomic ore. Run of the deposit drill core grades includes all results , does not include cutoff

[Evenkeel123]

Well, as you know Nozz, I did not write the article, but someone paid Apex Geoscience Ltd. to do the research, and I feel it's quite damming when compared to what shareholders think they have here.  I have a feeling the results will be far from satisfactory.  Now I understand why majors came, check it out, and left, because they knew what they looking at from past experiences. 

[Evenkeel123]

Let's compare drilling technique and results, and see. This article has certainly grabbed some attention, eh Dixie?  243 reads so far.   EK

[unclebobby]

May have grabbed some attention  but not volumes 

[Evenkeel123]

It's not about grabbing attention unclebobby, it's about posting what is truth.   Somebody ordered this study for a reson. There is now lots to think about, and it's not to be taken lightly IMHO.   EK

[nozzpack]

Apex Geoscience shows no analyses resource estimate for QWN discovery by NFG.. https://www.apexgeoscience.com/projects/?region=*&commodity=41&deposit-type=*&development-status=*&resource-report=611&project-date=*

[Dixiedee]

That's because no official report has been done yet 

[Evenkeel123]

So who ordered it?   EK

[TheGreekGoldGuy]

Nozzpack why are playing dumb on this issue. You act like an expert on everything else. That is something that E.K and the Bucco's love to do. Why is Maritime Resources down big today?  18.33% ? GGG

[Dixiedee]

We all know they have not done a mineral resource estimate so the report says that gold gold everywhere but no resource estimate by the company yet why is that because they are still in the tail end of their drill program that is now using information from the 3D siemic survey and is expanding  existing zones using two drill rigs and drilling to depth using two more drill rigs and drilling in