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. (TSXV: NFG, NYSE American: NFGC) generates frequent news flow as it advances a portfolio of gold assets in Newfoundland and Labrador, Canada. The company’s releases cover exploration and development at its 100%-owned Queensway Gold Project, as well as activities within its Maritime Division, which includes the Hammerdown Gold Project and associated processing infrastructure.
On this page, readers can follow detailed updates on drilling and excavation across key zones at Queensway. Recent news has highlighted infill and expansion drilling in the Appleton Fault Zone Core at areas such as Monte Carlo, K2, Jackpot, Keats and Iceberg, with reported high-grade gold intercepts over significant widths. Additional coverage includes exploration drilling at the AFZ Peripheral area, where zones like Dropkick and Blue Jay are being tested and expanded along strike and to depth.
Company news also addresses corporate and strategic developments. Examples include the completion of the business combination with Maritime Resources Corp., which created the Maritime Division; property acquisitions that expand the Queensway land position; and the engagement of a project finance advisor to evaluate financing alternatives for Queensway’s development. Regulatory milestones, such as securityholder approvals for transactions, and updates on financial statement filings and share-based compensation grants, are also reported.
Investors and followers of NFGC stock can use this news feed to monitor how New Found Gold advances its PEA-stage Queensway project, works toward steady-state production at Hammerdown, and manages project financing and corporate transactions. Regular updates on drilling results, technical programs, feasibility work and corporate actions provide insight into the company’s progress and evolving asset base.
Summary not available.
Summary not available.
New Found Gold Corp. (NYSE-A: NFGC) has announced promising results from five diamond drill holes at the Keats West zone within its Queensway Project in Newfoundland. Highlights include 17.2 g/t Au over 22.90m in hole NFGC-22-1040 and a continuity of high-grade gold mineralization over a 250m strike length. The Queensway Project comprises 1,662 km² and is currently undergoing a 500,000m drill program. Approximately 62,300m of core samples are pending assay results, further extending exploration capabilities. The Company is well-capitalized with nearly $64 million in cash and marketable securities as of April 2023, indicating strong financial backing for ongoing exploration efforts.
New Found Gold Corp. announced the results of 25 diamond drill holes from its Queensway project located near Gander, Newfoundland and Labrador. The drilling focused on expanding the newly discovered Keats West and Keats North zones. Significant intervals include:
- NFGC-22-852: 16.0 g/t Au over 2.50m at Keats N
- NFGC-22-901: 18.17 g/t Au over 2.65m at Keats N
- NFGC-22-911: 4.27 g/t Au over 31.55m at Keats W
The mineralized footprint of Keats West has expanded to 250m wide and spans 305m down dip, with highlights indicating strong continuity of gold mineralization.
The ongoing drill program aims for a total of 500,000m, with approximately 60,600m pending assay results.
New Found Gold Corp. (NFGC) has filed its annual financial statements for the year ended December 31, 2022, along with the corresponding Management’s Discussion and Analysis and Annual Information Form. These documents, termed the '2022 Annual Documents,' are accessible on SEDAR, SEC EDGAR system, and via the Company’s website. New Found holds a 100% interest in the Queensway Project, located near Gander, Newfoundland, which is currently undergoing a 500,000m drill program. The Company is well-funded, possessing approximately $64 million in cash and marketable securities as of April 2023. Shareholders can request hard copies of financial documents for free through the Company’s investor inquiry form.
New Found Gold Corp. (NFGC) reported encouraging results from two diamond drill holes at the Iceberg discovery, located 300m northeast of Keats Main along the Appleton Fault Zone. Highlights include intervals of 13.1 g/t Au over 13.90m and 12.6 g/t Au over 7.60m in drillhole NFGC-23-1128, and 35.6 g/t Au over 10.65m in NFGC-23-1141. The ongoing 500,000m drill program at the Queensway project continues to show potential, with mineralization open in all directions. COO Greg Matheson emphasized the significance of these findings in extending the known gold system, reinforcing the potential for resource expansion at the project.
New Found Gold Corp. (NFGC) announced positive drilling results from 11 diamond drill holes in the Keats West zone at its 100%-owned Queensway project in Newfoundland and Labrador. The drilling program aimed to expand on the newly discovered gold mineralization, revealing high-grade intervals including 10.1 g/t Au over 22.50m in NFGC-22-945. The mineralized footprint of Keats West has expanded to 200m wide and 305m down dip, with ongoing drilling to further define the gold continuity. VP Exploration Melissa Render expressed excitement over the continued success at Keats West, hinting at significant potential across the Appleton Fault Zone.
New Found Gold Corp. (AMEX:NFGC) has announced an increase in its weighting in the VanEck Junior Gold Miners ETF (GDXJ) from 0.32% to 0.42%, effective March 17, 2023. This change reflects a 31% increase in exposure, providing greater visibility and access to investors.
The Company's Queensway project, a 1,662 km² area in Newfoundland, has a current drilling program of 500,000 meters. It holds around $72 million in cash and marketable securities as of March 2023, ensuring robust funding for exploration initiatives.
New Found Gold Corp. has announced significant results from drill hole NFGC-23-1120 at the Iceberg discovery site, located northeast of Keats Main. The drill hole revealed high-grade gold mineralization, with key intervals showing 49.7 g/t Au over 29.85m and 14.6 g/t Au over 3.80m. These results support the hypothesis that Iceberg may be an extension of the Keats Main zone. The company's Queensway project encompasses over 1,662km2 and is currently undergoing a 500,000m drilling program, with further assays pending. New Found emphasizes the ongoing exploration efforts in search of additional high-grade gold mineralization.
Summary not available.