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New Found Gold Corp (NFGC) delivers timely updates on gold exploration activities through this comprehensive news hub. Track press releases, operational developments, and strategic initiatives from the Canadian mineral exploration leader.
This resource provides investors with essential updates including drilling results from the Queensway Project, corporate announcements, and technical insights. Discover detailed reports on resource evaluation progress, exploration methodology enhancements, and partnership developments.
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New Found Gold (NYSE-A: NFGC) has announced significant drill results from its 2025 Work Program at the 100%-owned Queensway Gold Project in Newfoundland and Labrador. The drilling program revealed impressive high-grade gold intersections at the Keats West zone, including 55.0 g/t Au over 35.05m, 20.7 g/t Au over 18.05m, and 15.4 g/t Au over 16.70m.
The results confirm the continuity of multiple high-grade gold domains within Keats West, which has a mineralized footprint of 315m wide by 305m long. The mineralization starts at surface and extends to depths of 150m vertical. The company also identified new gold mineralization regions within the proposed Keats West open pit that are currently outside the mineral resource estimate (MRE) block model.
New Found Gold plans to continue infill drilling in H2/25, targeting remaining lower-grade material domains and expansion drilling in new mineralized areas. A preliminary economic assessment (PEA) is ongoing with completion targeted for early Q3/25.
New Found Gold (NYSE-A: NFGC) has announced its participation in three major mining conferences: the Canaccord Genuity Global Metals and Mining Conference (May 20-22, 2025), the Central MinEx Conference (May 13-15, 2025), and THE Mining Investment Event (June 3-5, 2025). CEO Keith Boyle and other executives will attend various panel discussions, presentations, and one-on-one meetings with investors. The company will showcase drill core from its Queensway Gold Project in Newfoundland and Labrador.
Additionally, the company has granted 3,770,000 stock options to directors and officers at an exercise price of $1.67, exercisable until May 13, 2030, with vesting periods between 13 and 33 months.
New Found Gold reports significant drill results from its Queensway Gold Project in Newfoundland and Labrador. Key highlights include 38.7 g/t Au over 6.55m at the Dome Zone and 10.3 g/t Au over 8.20m at Keats South Deep Zone.
The drilling program, covering 7,765m across 12 diamond drill holes, successfully expanded mineralization outside the initial mineral resource area. At Dome, drilling revealed high-grade gold at 240m depth. The Keats South Deep Zone showed consistent mineralization between 585m to 800m depth, with six out of seven holes containing visible gold.
The Phase I deep drilling program confirmed the depth potential of Queensway's gold system, with the deepest mineralization encountered at 1,150m depth. The company plans to focus its 2025 drilling on near-surface targets, resource conversion, and exploration of recent discoveries including Dropkick, Dome, and Golden Dome.