New Found Gold Corp V.NFG

Large Diameter Core Means that…

[nozzpack]

 

Relative to more frequent 50 mm drill core, NFG intercept lengths would be about three times longer

	HIGH-GRADE  INTERVAL	ZONE	DATE  RELEASED
1	105 g/t Au over 27.05m1	Iceberg	Jun 5, 2023
2	49.7 g/t Au over 29.90m1	Iceberg	Mar 13, 2023
3	42.6 g/t Au over 32.00m3	Keats West	Nov 28, 2022
4	69.2 g/t Au over 14.15m3	Golden Joint	March 24, 2022
5	430 g/t Au over 5.25m2	Golden Joint	Jun 30, 2021
6	150 g/t Au over 11.50m1	Lotto Main	Jun 23, 2021
7	106 g/t Au over 35.40m3	Keats Main	May 21, 2021
8	124 g/t Au over 17.70m2	Keats Main	May 4, 2021
9	261 g/t Au over 7.20m3	Keats Main	Apr 20, 2021
10	69.2 g/t Au over 14.90m1	Keats Main	Apr 7, 2021
11	86.2 g/t Au over 20.50m2	Keats Main	Jan 28, 2020

[nozzpack]

My apologies for that corrupted tex... Correctly....I The larger diameter of the NFG drills ( 89 mm ) means that relative to intercepts of smaller diameter cores, converted to say a smaller core of 50 mm used by most juniors , NFG intercept lengths such as those below....world class as they are..would be about 3 times longer. We have a tiger by the tail..  

[explogeo]

You need to explain this one a bit clearer. How does drilling HQ core mean that the zones would be 3 times longer if they used NQ drill core? Using a larger diameter drill core is used in multiple situations but NFG is using it to try and get more competent samples. In strongly sheared/folded deposits like this, the larger the diameter core, in theory (doesn't always work), gives you a better

[nozzpack]

I did not say ..." How does drilling HQ core mean that the zones would be 3 times longer if they used NQ drill core? "   The point  I did make was that extrapolating QWN7 from , say , a 50 mm dia core to a 89 mm dia core used in QWN7 under estimates the volume of rock sampled sampled per meter in QWN7. The assumption is equivalency..  

[explogeo]

It absolutely does not under estimate the volume? Every sampled is weighed prior to any assay method. It's irrelevant if you're drilling AQ-BQ-NQ or HQ. There's a minimum sample weight that needs to be met in order to do assays and that's it. 

[nozzpack]

Not grade but sampling rate. A 40 mm drill samples less volume than a 60 mm drill core

[Gangsterme]

Why do I have the feeling that you do not understand the whole concept. You state that a larger diameter core does not give a more representative sample. Of course it does, not necessarily different,, but definitely more representative.  Why not just explain what they mean by true width. Do you even know? I really question your explogeo, as if it means something.

[nozzpack]

Explogeo is clueless. Ignore..

[explogeo]

I absolutely said it gives you a more representative sample? It's a larger sample so of course it's going to be more representative. I do not understand what Nozz is trying to say "The larger diameter of the NFG drills ( 89 mm ) means that relative to intercepts of smaller diameter cores, converted to say a smaller core of 50 mm used by most juniors , NFG intercept lengths such as

[alwil106]

Given 105g/t Au over 27.05m in your view what would you consider the true g/m to be?  As a comparison have you been able to consider the true width  of the Fosterville drill intercepts, from my understanding from what Quinton Hennigh said the majority of the high grade was contained within a narrow tube of strike length, i deduce from this that the drill intercept were far from being

[explogeo]

I'd venture on 60-70% of the reported width. Now that's a 100% assumption and I come to it because NFG has shifted their TW percentages in PR's through time. It's an opinion and I'm likely to be wrong on that. The thing everyone needs to understand is that the Swan zone was discovered when they were already mining. NFG needs to get to a state where we know they'll be able

[nozzpack]

Stop wasting our time with your flawed unresearched statements. I own KRR with a market cap of $1.15  Billion and just 3.2 million ounces in its M & I gold resources. Want more examples ?   explogeo said.. " You can't have a 700-800 million MC without have a minimum of 5 million ECONOMICAL ounces of high grade gold " 

[explogeo]

You cannot compare market caps of a producer like KRR and an explorer like NFG. They're 2 vastly different things at the end of the day, one makes money, the other one burns money.

[Dixiedee]

One has a depleting asset (the producer) and one has a growing asset ( the exploration company)

[alwil106]

explogeo You say that you've had 10 years experience as a geologist, Eric sprott has world class geologists at his disposal with combined 100s years experience, as an accountant he has a different perspective to geologists, listen to what he has to say. https://www.youtube.com/watch?v=hZQ58B_ygcU

[alwil106]

this video should work https://www.youtube.com/watch?v=hZQ58B_ygcU

[nozzpack]

Thank you. very inspiring , a confirmation of just how profitable those 7 or so near surface high grade deposits will be when placed into production. Let there be no doubt . Uncle Eric wants mining monetization , not a cheap sale

[nozzpack]

You are correct. Drillng angles are both for search efficiency and quite often in shallow depths . This is standard operating common sense. At least NFG attaches such a statement to its drill results, unlike most.

[Retiredgeo]

According to the June 25, 2023 PR true widths are expected to be 70-95% of the stated drill intercept.  The map clearly shows that 105 g/t over 27.05 m was not drilled down the vein.  Furthermore, it was an intercept of a damage zone with numerous Quartz veins within. The gold is hosted in Quartz veins and damage zones which have been traced down 100-400 m to date.  The