Welcome to our dedicated page for New Found Gold news (Ticker: NFGC), a resource for investors and traders seeking the latest updates and insights on New Found Gold stock.
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 Corp. (NFGC) has successfully closed a public offering of 6,250,000 flow-through shares at $8.00 each, raising a total of $50 million. Proceeds will be allocated towards eligible exploration expenses at the Queensway Project in Newfoundland, with all expenditures to be completed by December 31, 2023. Following the offering, the company's cash and marketable securities will total approximately $93.5 million. The offering was underwritten by a syndicate led by BMO Capital Markets, with noted participation from Eric Sprott, preserving his 19.9% interest in the company.
New Found Gold Corp. (NFGC) announced an agreement with BMO Capital Markets to issue 6,250,000 charity flow-through common shares at C$8.00 each, raising approximately C$50 million. The underwriters hold an option for an additional 15% of the shares. Proceeds will fund exploration at the Queensway Project, which is currently undergoing a 400,000m drilling program, 74% complete. The offering is expected to close around December 14, 2022, pending regulatory approvals.
New Found Gold Corp. has released results from 36 diamond drill holes at its 100%-owned Queensway project, highlighting significant high-grade gold intervals in the Keats North area, including sample NFGC-22-728 with 116.93 g/t Au over 2.0m. The ongoing drill program has covered approximately 79% of the planned 400,000m, with notable findings indicating a new gold system. Follow-up drilling is set to further define high-grade targets. The project is located near Gander, Newfoundland and Labrador, with no current economic evaluations or identified resources.
New Found Gold Corp. has released promising results from drill hole NFGC-22-960 at its Queensway project in Newfoundland, revealing high-grade gold at the Keats West site. The drill intersected 32.0 meters of 42.64 g/t Au, including notable high-grade intervals such as 171.6 g/t Au over 6.5 meters. Ongoing drilling aims to expand this discovery, with 79% of the planned 400,000m drilling program completed. The Keats West area shows potential as a significant gold mineralizing system, with further exploration ongoing.
New Found Gold Corp. has released positive drilling results from five diamond drill holes at the Keats West discovery, part of its 100%-owned Queensway project in Newfoundland and Labrador. Key highlights include a high-grade intercept of 18.6 g/t Au over 15.95m in hole NFGC-22-773. The drilling program, which has completed about 78% of its planned 400,000m, indicates significant potential with multiple intercepts demonstrating broad low-grade gold domains and confirming the host structure's continuity. Exploration drilling continues with positive implications for future resource development.
New Found Gold Corp. announced significant drilling results from its Queensway project, including high-grade gold intercepts at the Keats Main Zone. Assay results revealed 85.7 g/t Au over 5.65m and 56.8 g/t Au over 2.15m in notable drill holes. The Company successfully tested the Chrysos PhotonAssayTM method for determining gold content, achieving strong correlation with traditional fire assay results. Approximately 76% of the planned 400,000m drill program has been completed, with ongoing assays and a focus on efficient analysis.
New Found Gold Corp. (TSXV:NFG | NYSE-A: NFGC) has announced a definitive property option agreement to acquire a 100% interest in five mineral licenses in Newfoundland and Labrador. This agreement increases the company's landholdings to 165,575 hectares, adding 6.1km along the Appleton Fault Zone. The agreement requires cash payments totaling $2.35 million and issuance of 487,078 common shares without mandatory work commitments. The transaction needs TSXV approval, with a four-month hold period for shares issued.
New Found Gold Corp. announced results from 18 diamond drill holes in their ongoing program at the Queensway project, exploring the Appleton Fault Zone. Highlight intersections include 33.79 g/t Au over 2.35m in NFGC-22-661 and 37.36 g/t Au over 2.1m in NFGC-22-690 in the new 'Lotto North' area. The project covers approximately 1500 km² in Newfoundland, with 74% of a 400,000m drill program completed. The Lotto-Lotto North area now has a combined strike length of 1km, indicating significant potential for additional gold discoveries as further assays are pending.
New Found Gold Corp. announced results from 30 diamond drill holes at the Queensway project, focusing on the Keats Main Zone along the Appleton Fault Zone. Significant gold intercepts include 45.05 g/t Au over 2.25m and 68.19 g/t Au over 2.05m. The exploration has extended the strike length of the Keats Main Zone to 1km, with results suggesting potential for deeper gold deposits. Approximately 71% of a 400,000m drilling program is completed, with ongoing assays revealing promising mineralization.
New Found Gold Corp. (NYSE-A: NFGC) announces the appointment of Raymond Threlkeld as an independent board member. Threlkeld, a geologist with over 40 years of experience, has successfully managed significant mining operations, including the Cowal Gold Mine in Australia and the Pierina Mine in Peru. His tenure at Newmarket Gold led to the company's sale for over $1 billion, creating substantial shareholder value. The press release also includes an update on the company's at-the-market equity offering, with gross proceeds amounting to approximately C$440,400.
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