New Found Gold Corp V.NFG

How much gold is in the Keats zone? From NFG report

[Evenkeel123]

this was sent to me from someone else to share with you.

Alright gentlemen. This sums it up the best in the main Keats zone. If you take the top 3 bullets which would be included in the resource estimate. It works out to be an average grade of .18 g/t in those samples. Now not using a .3 g/t cutoff but not much in between .3-.99 since average grade between that range is .07 g/t. The cap should be set at 10 g/t for open pit and 30 g/t for underground so would change numbers slightly but you get the idea.

18 April 2024 The QPs review of the gold analytical results for the 85,754 samples assayed shows:

• 82,196 analytical results (95.85%) were lower than 1 ppm Au, with a maximum of 0.99 ppm Au and an average of 0.07 ppm Au,

• 2,900 analytical results (3.38%) were between 1 and 5.00 ppm Au, with an average of 1.93 ppm Au,

• 402 analytical results (0.44%) were between 5.01 and 24.70 ppm Au, with an average of 10.92 ppm Au.

• 160 analytical results (0.19%) were between 25.17 and 97.70 ppm Au, with an average of 49.22 ppm Au.

• 96 analytical results (0.11%) were between 102.59 and 2,197.24 ppm Au, with an average of 350.31 ppm Au. Significant drill intercepts, as reported by NFG between 2019 and 2023, are presented in Tables 10.17 to 10.19 and include:

• Table 10.17: Intercepts specific to the Keats Main Zone which is gold mineralization hosted by the KBFZ. • Table 10.18: Significant drill intercepts, as reported by NFG, for the Keats Footwall (Keats FW), which is mineralization located between the AFZ and the KBFZ, often forming panels of mineralization that trend parallel the AFZ.

• Table 10.19: Significant drill intercepts, as reported by NFG, for the Keats Hanging Wall (Keats HW), which is mineralization located east of the KBFZ

[alwil106]

@aardvark or Evenkeel123  same person You can't forget Fosterville it's the only deposit with a similar mineralization, nobody is interested in what's not there or the 1-2g/t material when 90-95% of the ore mined was comprised of high grade mineralization, Eagle and Swan zone had 2 million oz at 60g/t amazing and as far as high grade resource is concerned NFG probably has 10x that

[alwil106]

@MineIt @Aardvark while I generally agree with your opinions, the above calculations make no sense… that calculation averages the entire volume of rock mass drilled, which is not vaguely appropriate and no one does it. Average grade of mineable material is what matters. OP is based on an optimized pit shell at a certain COG, UG has minimum mining width/stope constrained resource. No one

[Global1966]

@aardvark shows his complete lack of mining knowledge. An amateur

[Patient1nvestor]

This post has been removed in accordance with Community Policy

[nozzpack]

What a waste of our time. For quick reference ,the grades below from the 2024 mettalurgical study are directly extracted from the 2024 Technical Report......at 1 gram per ton and higher. In my various estimation posts for QWN, I have used grades from TR 2024 in all of them both uncut ( all assays incliuding dusters ) and above 1 gram per ton .

[Dixiedee]

here are the real results for nfg on bonanza grade sorry Bucc ( e K )  New Found Gold Bonanza Quality Drill Holes Over 100 aggregate gram meters 1. 3761.83 gram meters NFGC 21-182 2. 2848.90 gram meters NFGC 23-1210 6/ 5, 2023 at Iceberg 3. 2812.15 gram meters NFGC 20.59.  4. 2261,28 gram meters