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.
New Found Gold Corp. has released promising results from nine diamond drill holes in the Lotto Main Vein, located within its 100% owned Queensway project in Newfoundland and Labrador. Significant intercepts include 16.13 g/t Au over 3.60m and 152.08 g/t Au over 3.85m. The Lotto Main Vein has now been defined over a strike length of 220m and remains open in all directions. Approximately 63% of the planned 400,000m drill program has been completed, with further exploration aimed at understanding mineralization controls and expanding high-grade corridors.
New Found Gold Corp. announced positive results from 17 diamond drill holes in its ongoing drilling program at the Queensway project, uncovering high-grade gold mineralization along the Appleton Fault Zone. Notable intercepts include 10.72 g/t Au over 2.60m and 18.95 g/t Au over 5.75m. The Keats North area is showing significant geological continuity and potential for further discoveries, with ongoing drilling targeting high-grade zones. A total of 247,520m have been drilled so far out of a planned 400,000m, and assays for 38,090m are pending.
New Found Gold Corp. (AMEX:NFGC) has granted incentive stock options to directors and officers, allowing them to acquire 300,000 common shares at an exercise price of $5.75. The options have a five-year term, expiring August 19, 2027, with full vesting on August 19, 2025. The company, which owns the Queensway Project in Newfoundland, is conducting a 400,000m drilling program, currently 56% complete, and holds approximately $77 million in cash and securities as of August 2022.
New Found Gold Corp. has announced promising results from 17 diamond drill holes at the Appleton Fault Zone, part of its 100% owned Queensway project in Newfoundland and Labrador. The drilling highlights include multiple high-grade gold intercepts, with notable results such as 45.9 g/t Au over 2.75m in hole NFGC-22-578. The project has drilled approximately 56% of its planned 400,000m program, with further assays pending. VP of Exploration Melissa Render emphasized the extensive mineralization and interconnected vein systems, highlighting the potential for significant discoveries.
New Found Gold Corp (AMEX:NFGC) has filed its Amended Annual Information Form with Canadian regulators and the SEC on Form 40-F. The company previously submitted its Original Annual Information Form and Consolidated Annual Financial Statements for the year ending December 31, 2021. New Found holds a 100% interest in the Queensway Project in Newfoundland, which is currently undergoing a 400,000m drill program, now 48% complete. As of June 2022, the company is well-funded with approximately $87 million in cash and marketable securities.
New Found Gold Corp. (NYSE-A: NFGC) announced a significant new high-grade gold discovery at the Lotto prospect, identifying 89.5 g/t Au over 2.00m in drill hole NFGC-22-552, located 55m below surface. This discovery is part of a systematic drilling program targeting the Appleton Fault Zone. Approximately 48% of the planned 400,000m drill program at the Queensway Project is complete, with ongoing drilling expected to further define high-grade mineralization.
New Found Gold Corp. announces the appointment of Ron Hampton as Chief Development Officer, enhancing its leadership in the ongoing Queensway Project. Hampton brings over 25 years of experience in project and engineering leadership, previously managing major mining projects valued at over $2 billion. The company is currently halfway through a 400,000m drill program at Queensway, which has already yielded high-grade gold discoveries. Additionally, Dr. Quinton Hennigh has stepped down from the Board but will continue to serve as a Technical Advisor.
New Found Gold Corp. (NFGC) reports assay results from 39 diamond drill holes aimed at enhancing the gold vein network at the Keats Zone, part of a 400,000m drilling program at its 1500km² Queensway project in Newfoundland. Significant findings include NFGC-21-364A reporting 56.3 g/t Au over 2.05m and NFGC-22-593 with 9.12 g/t Au over 8.20m, indicating high-grade mineralization extending to the surface. Currently, 48% of the drilling program has been completed. The exploration team focuses on optimizing drilling targets and understanding mineralization controls.
New Found Gold Corp. (NFGC) has initiated shipments of drill core samples from its Queensway project to MSALAB's Chrysos PhotonAssay lab in Val d'Or, Quebec. This follows a significant 400,000m drill campaign on their 100% owned project near Gander, Newfoundland. The initial samples aim to validate the Chrysos PhotonAssay method, which is expected to enhance assay turnaround times and reduce costs. Additionally, New Found is advancing its new core processing facility in Gander and is increasing its drilling capacity to fourteen rigs.
New Found Gold Corp. (AMEX: NFGC) announced significant high-grade gold discoveries at its Queensway Project, located in Newfoundland. New discoveries include drillhole NFGC-22-538, which intercepted 275 g/t Au over 2.15m, and NFGC-22-533, with 8.70 g/t Au over 6.75m. This marks a notable expansion of the gold mineralization in the Appleton Fault Zone, with three new high-grade discoveries contributing to ongoing exploration efforts. The company has drilled approximately 43% of its 400,000m drill program, supported by about $100 million in funding.