New Found Gold Corp Stock Price, News & Analysis

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.

New Found Gold Corp. (NYSE-A: NFGC) has announced its initial mineral resource estimate (MRE) for the Queensway Gold Project, revealing significant gold resources. The MRE shows 1.39 Moz indicated resources (18.0 Mt grading 2.40 g/t Au) and 0.61 Moz inferred resources (10.7 Mt grading 1.77 g/t Au).

Notable highlights include 73% of indicated ounces contained in just 24% of the tonnage within mineral resource pit shells, suggesting potential for high-grade starter pits. The project, located in a Tier 1 jurisdiction, features mining-positive government support and access to infrastructure.

The company plans to release a preliminary economic assessment (PEA) in late Q2/25 and commence bulk sampling in H1/26. A 2025 drill campaign is planned for mid Q2/25, focusing on resource conversion and exploration along the project's 110 km strike length.

New Found Gold Corp. (NYSE-A: NFGC) has announced its initial Mineral Resource Estimate (MRE) for the Queensway Gold Project in Newfoundland. The estimate reveals:

Indicated Mineral Resources of 18.0 million tonnes grading 2.40 g/t Au for 1.39 million ounces, and Inferred Mineral Resources of 10.7 million tonnes grading 1.77 g/t Au for 0.61 million ounces.

Key highlights include:

• High-grade core containing 73% of ounces in 24% of indicated tonnage
• Initial MRE covers less than 5% of the 110 km strike extent
• Resource shows potential for expansion both along strike and at depth
• Preliminary Economic Assessment (PEA) planned for late Q2/25

The MRE incorporates multiple high-grade zones, including Keats and Iceberg, with 96% of indicated resources located within the Appleton Fault Zone Core. Metallurgical testing indicates 90% recovery across all deposits using gravity-CIL processing.

New Found Gold Corp (TSXV: NFG) (NYSE-A: NFGC) has announced the filing of its 2024 annual financial documents. The company has submitted its annual financial statements, Management's Discussion and Analysis, and Annual Information Form for the year ended December 31, 2024, with both Canadian securities regulators and the U.S. Securities Exchange Commission via Form 40-F.

These documents are now accessible through multiple channels, including SEDAR+, the SEC's EDGAR system, and the company's website. Shareholders can request physical copies of these financial documents at no cost through the company's investor inquiry form.

New Found Gold Corp (TSXV: NFG) (NYSE-A: NFGC) has announced a significant change to its Board of Directors. Chad Williams, Chairman and Founder of Red Cloud Mining Capital Inc., has been appointed to the Board, replacing company founder Collin Kettell effective immediately.

Williams brings substantial mining industry expertise, having served as CEO of Victoria Gold Corp. and Head of Mining Investment Banking at Blackmont Capital Inc. His background includes experience as a highly ranked mining analyst at TD Bank and other Canadian brokerage firms.

Paul Huet, Chairman of New Found, welcomed Williams as an Independent Director, highlighting his extensive capital markets experience and mining industry knowledge. Huet also acknowledged Kettell's important role in discovering the Queensway Gold Project, noting that Kettell remains a major shareholder of the company.

New Found Gold Corp. (NFGC) has announced significant drill results from its Queensway Gold Project in Newfoundland and Labrador. At the Golden Dome Zone, drilling revealed impressive intersections of 148 g/t Au over 4.10m and 41.3 g/t Au over 2.40m, expanding the zone 18m and 92m along strike from the discovery hole.

At the Dome Zone, notable results include 51.2 g/t Au over 13.30m, 9.33 g/t Au over 6.35m, and 5.60 g/t Au over 8.90m. The drilling program covered 13,489m across 27 diamond drill holes in Q4/24. The Golden Dome system is currently defined over a 170m by 140m area, starting at 300m vertical depth. The Dome structure shows similarities to the Keats-Baseline Fault Zone, with mineralization occurring between 135m and 160m vertical depth.

New Found Gold Corp (TSX-V: NFG, NYSE-A: NFGC) has announced its participation in several major industry conferences over the next month. The company will showcase its 100% owned Queensway Gold Project in Newfoundland and Labrador, Canada.

Key upcoming events include:

• The BMO Global Metals, Mining and Critical Metals Conference in Hollywood, FL (Feb 23-26, 2025)
• The Red Cloud Pre-PDAC Mining Showcase in Toronto (Feb 27-28, 2025)
• PDAC 2025 events including Canada's Atlantic Edge presentation and exhibitions at the Investors Exchange and Core Shack (March 2-5, 2025)
• The 37th Annual ROTH Conference in Dana Point, CA (March 16-18, 2025)

CEO Keith Boyle highlighted that with new senior management in place, the company is entering its next growth phase, with an initial mineral resource estimate and preliminary economic assessment scheduled for Q2/25.

New Found Gold Corp. (TSXV: NFG) (NYSE-A: NFGC) has announced key management changes and appointments. The company has appointed Dr. Fiona Childe as VP of Communications and Corporate Development, Dr. Jared Saunders as VP of Sustainability, and Robert Assabgui as Study Manager.

The company is preparing for significant milestones in Q2/25, including the release of a maiden mineral resource estimate for the Queensway Project and a preliminary economic assessment. Additionally, Greg Matheson, Chief Operating Officer, will resign effective February 28, 2025, but will continue as an Advisor. Ron Hampton, Chief Development Officer, is stepping down immediately.

New Found Gold Corp. (NFGC) has announced significant drilling results from the Dropkick Zone at its Queensway Project in Newfoundland. Key intercepts include 89.5 g/t Au over 5.85m and 26.2 g/t Au over 16.15m, representing the most significant high-grade results to date on the Kingsway block.

The Dropkick Zone, located 11km northeast of the primary discovery area, now spans a strike length of 535m. Gold mineralization starts at surface and extends to 200m vertical depth. The company is progressing with its maiden resource estimate (MRE) expected by early Q2 2025, followed by a preliminary economic assessment (PEA) targeted for Q2 2025.

The drilling program has expanded the historic Dropkick Zone 75m along strike to the southwest, demonstrating the strength of the gold mineral system associated with the Appleton Fault Zone (AFZ). The Kingsway property acquisition has provided access to an additional 13km of prospective strike along the AFZ.