New Found Gold Corp Stock Price, News & Analysis

New Found Gold Corp. has appointed Collin Kettell as CEO and Vijay Mehta to its board. Former CEO Craig Roberts transitions to Lead Advisor. Kettell stated the company is well-positioned amid renewed interest in gold, having discovered high-grade gold over 2.7km along the Appleton Fault Zone. The company has over 180 staff, 11 drills operational, and plans to ramp up to 14 drills, executing a 400,000m drilling program at the Queensway Project, approximately 38% complete. As of April 2022, they have around $106 million in working capital.

New Found Gold Corp. (NYSE-A: NFGC) announced a significant high-grade gold discovery at the 515 Zone, situated between the Keats and Golden Joint zones in Newfoundland. The drilling program, the first part of a systematic exploration along the Appleton Fault Zone, returned impressive assay results of 9.21 g/t Au over 2.15m and 43.9 g/t Au over 3.85m. This follows a recent discovery of 79.8 g/t Au over 3.00m in a nearby hole. The company is progressing with a 400,000m drill program, currently 40% complete, with robust funding of approximately $106 million.

New Found Gold Corp. has released assay results from 45 diamond drill holes aimed at expanding high-grade gold mineralization at the Keats discovery, part of the Queensway project in Newfoundland. The ongoing 400,000m drill campaign has revealed significant gold grades, including 79.81 g/t Au over 3.00m in NFGC-22-491. New discovery zones and extensions illustrate the potential of the Appleton Fault Zone, emphasizing continuous high-grade gold mineralization. Currently, 40% of the drilling program is complete, with 11 core rigs operational and plans to increase to 14.

New Found (TSX-V: NFG, NYSE-A: NFGC) has issued a press release to address concerns from the British Columbia Securities Commission regarding its March 2022 report. The company has amended its assay results to include additional higher-grade intervals and confirmed the accuracy of the assay data through verification by a Qualified Person. Key highlights include significant intervals from the Lotto Main and Golden Joint zones, with notable gold grades reported, such as 69.15 g/t over 14.15m in hole NFGC-21-462. All data is now compliant with NI 43-101 standards.

New Found Gold Corp. (NFGC) announces positive assay results from 23 diamond drill holes at the Golden Joint and Lotto discoveries along the Appleton Fault Zone. Key highlights include a significant intercept of 69.15 g/t Au over 14.15m at Golden Joint and multiple high-grade intersections at Lotto, indicating strong gold mineralization continuity. The company is in the midst of a 400,000m drill campaign and is expanding exploration efforts. Approximately 38% of the planned drilling is complete, with 21,400m of core awaiting assay results.

New Found Gold Corp. reported assay results from 51 diamond drill holes targeting high-grade gold mineralization along the JBP Fault Zone at the Queensway project in Newfoundland. Highlights include significant intercepts, such as 31.88 g/t Au over 2.05m in hole NFGC-21-180 and 25.40 g/t Au over 2.25m in NFGC-21-304. Ongoing exploration aims to expand gold mineralization along the +100km JBPFZ corridor. Approximately 37% of the planned 400,000m drill program has been completed, with a potential increase to 14 drilling rigs by Q1 2022.

New Found Gold Corp. announced assay results from 17 diamond drill holes at its Keats Zone, part of the ongoing 400,000m drill program at the 100%-owned Queensway Project in Newfoundland. Significant findings include an interval of 47.82 g/t Au over 9.75m in hole NFGC-21-256A and 55.61 g/t Au over 3.20m in hole NFGC-21-385. The drilling continues to extend the high-grade gold mineralization within the Keats-Baseline Fault, demonstrating potential for further exploration. Currently, 37% of the drilling program has been completed with plans to increase drill counts.

New Found Gold Corp. (NFGC) announced assay results from 21 diamond drill holes at the Keats Zone of its 100%-owned Queensway Project in Newfoundland. The highlights include significant gold intercepts, such as 62.30 g/t Au over 2.00m in hole NFGC-21-387 and 28.16 g/t Au over 5.55m in NFGC-21-263. The ongoing drilling program, totaling 400,000m, has thus far completed 35%, with plans to increase drilling rigs. The Keats Main Zone remains open for further exploration, suggesting promising potential for high-grade gold mineralization.

New Found Gold Corp. (NFGC) announced that independent consultants concluded there is no systematic bias in its assay results after analyzing 475 half-core duplicates. This investigation, initiated after potential bias was noted, included a thorough review of sampling, preparation, and lab procedures. The results confirm that the company’s operating procedures are sound, allowing it to resume normal reporting. Despite some high natural variability in gold grades, findings indicate assays are reliable, with no significant contamination or accuracy issues detected.