New Found Gold Corp V.NFG

Iceberg Trench Documented Estimation Data

[nozzpack]

Lenght 220 meters Width 105 meters Depth of estimation 150 meters Grade 1 ounce /auriferous ton % Duster Meters 89 % ( assumed from Keats Trench ) Specific Gravity 2.84 tons per cu meter Volume of contained rock = 220 m X 105 M X 150 M = 3.5 million cu meters Tonnage of contained rock = 3.5 m tons X 2.84 tons /cu meter =10 million tons % Waste Rock - 89 % = 8.9 million tons Auriferous Rock = 1.1 million tons Auriferous Rock grade = 1 ounce per ton Contained gold ounces = 1.1 million tons X 1 ounce per ton = 1.1 Million Ounces Contained Auriferous Rock Value @ 3700 CAD per ounce $4.1 Billion CAD All criticisms / suggestions are welcome

[explogeo]

Could you provide the data that you used to come to a 1 ounce average? Iceberg (including Iceberg East, Ally and Deep) has 178 drillholes, 318 intercepts with an average width of 5.01m and an average grade of 8.12 g/t 

[nozzpack]

Better format .. Lenght .........................................................220 meters Width ...........................................................105 m Depth of estimation.......................................150 meters Grade.............................................................1 ounce /auriferous ton % Duster Meters ...........................................89

[explogeo]

All you've done here is breakdown the data better, which is great, thank you! I'm asking specifically how you came to a 1 ounce/ton average considering the average of the current drilling at Iceberg is 8.12g/t?