New Found Gold Corp V.NFG

Global, there is one major difference

[Evenkeel123]

31.56 g/t gold

 

Swan is the highest grade mineralized zone defined at Fosterville to date and contributes 588,915 ounces of gold at an average grade of 31.56 g/t gold (580,374 tonnes) to the updated December 31, 2022 mineral reserve estimate making up 35% of the total Fosterville mineral reserves.

The average grade at NFG will likely mean they have to mine multiple millions of ounces to achieve the same income.  IMHO.  No 2 ore bodies are the same.

[Patient1nvestor]

You've got no clues about high-grade Eagle and ultra-high-grade Swan at Forsterville mine in the Australian State of Victoria, they are both dilations deep underground after Newmarket, the previous owner of Forsterville, had been mining underground for more than 2 decades. NFG has not found high-grade or ultra-high-grade gold dilations as yet. When and if we are going to find them, they could

[alwil106]

SSwan. Fosterville 26 Aug 2020 — The mine poured 1Moz of gold by 2016 and achieved a total production of 1.77 million ounces (Moz) in 2018 and 619,366oz in 2019. In 2020, the operation produced a record 640,467 ounces of gold, Mineral Reserves as at December 31, 2020 totalled 1,970,000 ounces Fosterville: Production targeted at 400,000 - 425,000 ounces in 2021 and 325,000 - 400,000 ounces in both

[alwil106]

These are some of the higher grades for NFG 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 NFGC 21-241 5. 1911.36 gram meters NFGC 21-137 6. 1765.10 gram meters NFGC 19-01 7. 1681.01 gram meters NFGC 21-201 8 1542.56 gram meters NFGC 23-1120 3/13/ 2023 at Iceberg 9. 1401.72 gram meters NFGC 22

[alwil106]

Patient1nvestoron Fosterville Swan zone NI 43 101 Technical Report April 1 2019 taken from map total drill intercepts, Gram Meters came to 15000 g/m reserves of 2.34m oz, up to this time the grades were very similar to NFG. During 2019 Swan achieved 619,366 ounces of production with similar drill results to NFG. Up until this time the best intercept I could find for the Swan was from infill

[alwil106]

The upper drill results were not what was suppose to be or remarkable, I can't now seem to be able retrieve them.

[alwil106]

this is what I meant to insert. TORONTO, Sept. 19, 2018 (GLOBE NEWSWIRE) --   •  Infill drilling at Swan Zone (“Swan”) continues to return intercepts with extremely high grades, substantial widths and visible gold      -  Key intercepts: 289 g/t Au over 7.45 m (ETW 6.0

[nozzpack]

In terms of gram meters, these Swan Zone intercepts are about the same as those early top 11 intercepts provided for QWN . Confirmation that QWN is in the elite league with respect to its drilling success. Except, that these QWN high grade intercepts are found over a much much wider drilling area than the modest Swan Zone.

[alwil106]

Nozz if your calculations are correct of 14 million ounces for all the Keats and Iceberg zones, even if the area is about 3-4x greater than the Eagle and Swan zone the mineralisation footprint should be about the same.

[nozzpack]

Correct. Folks forget ..but which you have pointed out..that at December 31 of 2015...just before the Swan Zone was discovered underground , Fosterville had 2.8 m ounces in its MII categories at an average grade just above 4 grams per ton. This was fairly late in FV history of drilling and mining. QWN is just a few years into its gold district delineation , has only just penetrated its deeps

[alwil106]

I don't recall going back further than 2016 or anything about Fosterville had 2.8 m ounces in its MII categories at an average grade just above 4 grams per ton.

[nozzpack]

https://www.sec.gov/Archives/edgar/data/1713443/000106299317003541/exhibit99-26.htm