New Found Gold Corp V.NFG

Deep drilling at Queensway started in March

[Dixiedee]

https://newfoundgold.ca/news/new-found-receives-initial-3-d-seismic-interpretation-initiates-deep-drilling-at-queensway/

[nozzpack]

Thank you. DD drill rate through granite bedrock is about 3 meters per hour . So about 30 m per day assuming 10 hour days. It would take them at that rate about 80 days to reach TD of 2500 m. Thst should be very soon. They probably know enough now to reject the null ( null would be that the Seismics cannot detect gold lodes ). We are entering highly speculative and exciting

[Dixiedee]

No one works 7 days a week anymore and 10 hour days could be questionable as well in this work environment we are now in so maybe 8 hours per day and only 5 days a week then we have breaks for cooffeee and lunch and clean up and set up and driving out to where rig is set up so iam saying best case 5.5 hours per day of actual drilling then we also have maitence on the equipment so we may even be

[Global1966]

Are there any ex drillers on this board that can comment on the drilling estimates. My question is how do they expect to drill 100,000 metres in 2024? It may take till 2028. Doesn't  look kosher to me

[nozzpack]

More research indicates that a rotary drill through bedrock has a much faster penetration rate , up to 11 meters per hour . It makes sense that NFG is using the fastest drill technology possible, what ever that may be..

[Dixiedee]

I have fired off an email to the company regarding drill rigs and production drilling to depth will report here when I get the answers .it is not winter and nozzpack who says this super drill is available  you cannot just make things up or go online and get make believe scenarios and answers and expect people to give you credibility You continue to be all over the map daily on your comments

[nozzpack]

Some other points. Cores are sent to the assay lab as they are received and recorded. They already have drilled to vertical depths of 400 m, so seismic return signal data probably have already been analyzed for correlative identification of auriferous zones They May use a re-entry of an already drilled hole, saving drilling time At 1000 meters...about as deep as they would ever consider mining