New Found Gold Corp V.NFG

Another Methodologic Estimate of Tceberg Trench

[nozzpack]

Iceberg  Trench Zone is  220m of strike length over a 105m wide area .How much gold beneath this zone to 150 m of depth ?


A previous estimate using V Lake proprotion of economic ounces within the estimated volume of rock  drilled beneath the trenc to a depth of 150 meters arrive at 630,000 ounces.

In this method, I use the raw uncut grades of Iceberg ( global mean of all assay grades including dusters ( ie total rock volume drilled  with no cutoff ) contained within the 2024 TR 

 

The Calculations..



Dimensions                       L 220  m by W 105 m D 150  m

S Gravity                                  2.8 tons per cu m

Grade                                    0.69  grams per ton ( 2024 TR ) 

We have....

3.5 million Cu meters of ore plus waste ore

3.5 m cu m  times 2.8 tons per cu m = 9,8 m tons of ore within Iceberg Trench open pit

Contained ounces  is 9.8 m tons times 0.69 grams per ton  =220,000

I view this as a conservative estimate as definition and grade control  drilling would be concentrated on strata/lodes containing economic grade ore.

Regardless , this estimate  amounts to $775 million CAD in contained gold ounces, in such a small area to a shallow depth of 150 meters.

 To  test mine this by bulk mining, along with Keats Trench should be of the highest priority .