New Found Gold Corp V.NFG

Trenching at iceberg

[Dixiedee]

Trenching at iceberg another smart move removing that over burden

[Retiredgeo]

QH recently mentioned that there has been a trend within the mining industry to design and develope vast, multibillion dollar mines.  He also mentioned that this is unnecessary.  A mine operator can start small and grow their operation organically.  NFG is ideally set up to do exactly that.  Think of all of the high grade gold zones which they can exploit at surface long before

[Evenkeel123]

The big boys have stated that they prefer to find their own gold rather then buy out somebody, with the interest being on Tier 1 mines, as Barrick stated.   I do not believe NFG falls into this category.  A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce

[nozzpack]

Quite true. veins are difficult to accurately grade by drilling. Channel sampling provides  a very representative sample of the surface expression of the veins and stock works which combined with existing drilling to depth of 150 m ore more , updates the geological model to its final form. I assume this is the last 3 D implicit modelling stage prior to bulk sampling/ trial mining of Keats

[Evenkeel123]

Ah come on Nozz.  Tuck the fancy computer away and speak English.  If you take the fluff out of your last post, then what you are saying is this: Channel sampling provides a sample of the veins and stock works.  Drilling to depths of 150 m or more updates the geological model. Assumptions are simply unnecessary fluff, eh?  Don't inject your ideas and hopes.  Simply

[nozzpack]

Depending on the drill density of Keats Trench, channel sampling can reduce or replace grade control drilling. Its a very useful sampling method . I am surprised it was not already done ..