New Found Gold Corp. reports developments for an emerging Canadian gold company with assets in Newfoundland and Labrador. The company holds 100% interests in the Queensway Gold Project and Hammerdown Gold Project, including the Hammerdown deposit and Pine Cove milling and tailings facilities.
Recurring updates focus on drill results, mineralization continuity and zone expansion at Queensway, including the AFZ Core, Keats, Iceberg, Keats West and Dropkick areas along the Appleton Fault Zone. Company news also covers grade-control work, mine-planning support, NI 43-101 technical reports and preliminary economic assessments, common-share financings, development financing arrangements and annual disclosure filings.
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.
New Found Gold Corp. (AMEX:NFGC) announces promising assay results from its Keats footwall drilling at the Queensway Project in Newfoundland. The highlighted drill hole NFGC-21-413A yielded an intercept of 28.20 g/t Au over 4.50m, with notable mineralization characteristics. Currently, 34% of the 400,000m drill program is complete, and the company aims to expand drilling capacity. New analytical methods, including Chrysos PhotonAssay, are set to enhance efficiency and accuracy in future gold assays.
New Found Gold Corp. (AMEX:NFGC) reported assay results from a diamond drill hole at the Golden Joint Zone, extending high-grade gold mineralization to a depth of 305m with a notable interval of 98.13 g/t Au over 3.85m. This ongoing 400,000m drill program at the Queensway Project is currently 33% complete, aiming for more high-grade gold zones. Continuous drilling is targeted to expand this zone further. The company maintains a solid financial backing with approximately $126 million in working capital.
New Found Gold Corp. (NYSE-A: NFGC) reported assay results from drill hole NFGC-21-407, part of its ongoing 400,000m drill program at the Queensway Project in Newfoundland. The hole intersected a high-grade gold vein with assays of 56.69 g/t Au over 2.45m, extending known mineralization. A second vein was also discovered with 4.89 g/t Au over 2.90m. The project is 33% drilled, with a target increase of drill rigs from 10 to 14 by Q1 2022. The company has a strong working capital of approximately $130 million.