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 (TSXV: NFG) (NYSE-A: NFGC) has announced significant board changes, appointing Paul Huet as Independent Chairman of the Board. The company also welcomed William Hayden and Melissa Render as new board members, with Render also being appointed as President. The new Board now consists of Paul Huet, Collin Kettell, Vijay Mehta, William Hayden, and Melissa Render.
Huet brings substantial mining executive experience, having previously led companies that were acquired for $1.3-billion (Karora) and $700-million (Klondex). The changes were approved at the Annual General Meeting on December 17, 2024, where shareholders also approved the appointment of KPMG LLP as auditor and the company's 10% 'rolling' stock option plan.
New Found Gold Corp. (NYSE-A: NFGC) has announced Phase II channel sampling results from the Keats Trench at the Queensway Project. Notable intersections include 455 g/t Au over 4.1m, 148 g/t Au over 7.0m, and 58.6 g/t Au over 11.6m. The sampling program demonstrated good continuity of high-grade gold mineralization across 77m of strike on the East-West Vein and 60m on the Keats Main Vein. The company also completed excavation of the Iceberg Trench, exposing a continuous 220m segment of the Iceberg Zone, with systematic channel sampling planned for 2025. An initial mineral resource estimate is scheduled for Q2 2025.
New Found Gold Corp. (TSXV: NFG) (NYSE-A: NFGC) has initiated work on a maiden resource estimate and preliminary economic assessment (PEA) for its Queensway Project, located 15km west of Gander, Newfoundland. The company has engaged SLR Consulting to deliver these assessments, with completion expected in Q2 2025. The PEA will provide the first evaluation of mineral inventory and project economics, including cash flows, NPV, IRR, and payback period. The study aims to identify development scenarios, demonstrate financial potential, and define future work programs for project advancement.
New Found Gold Corp (NYSE-A: NFGC) has reported positive Phase II metallurgical test results from its Queensway Project's Iceberg and Iceberg East zones. The testing, conducted on 46 Variability Composites from 340 metres of drill core, demonstrated an average 96.9% gold extraction rate using gravity separation and conventional carbon-in-leach (CIL) technology. These results align with earlier Phase I testing at Keats Main, Golden Joint, and Lotto zones, which showed extraction rates between 90.1% and 96.7%. The company is now conducting additional testing at Keats West, with results expected in Q2 2025.
New Found Gold Corp (NYSE-A: NFGC) has announced significant drilling results from its Queensway Project, including a new discovery called 'Golden Dome.' Key highlights include intersections of 343 g/t Au over 2.15m, 40.6 g/t Au over 2.20m, and 9.51 g/t Au over 7.45m. The Golden Dome zone is located between Golden Joint and Dome, in a previously untested gap spanning 500m, and occurs 200m below existing drilling at Dome. The company has increased its drilling capacity to eight rigs, with five at Queensway and three at the recently acquired Kingsway Project.
New Found Gold Corp (TSXV: NFG) (NYSE-A: NFGC) announced significant drilling results from its Kingsway Project, including notable intercepts of 105 g/t Au over 2.10m and 10.4 g/t Au over 4.45m at the Pistachio Zone. Additional highlights include 36.7 g/t Au over 2.00m at Jackpot and 8.44 g/t Au over 4.10m at Honeypot. The Kingsway Project, which adjoins the northern border of the Queensway Project, has demonstrated high-grade gold mineralization extending well north of the Queensway area. The Honeypot high-grade domain shows good continuity over 170m in strike and 230m down dip.
New Found Gold Corp. (TSXV: NFG) (NYSE-A: NFGC) has announced the acquisition of the remaining 1% net smelter returns royalty on its Golden Bullet property for $1,000,000 in cash. This follows the company's previous purchase of 0.6% of the 1.6% royalty announced on July 30, 2024. The Golden Bullet property is a key target area of the Queensway Project, covering the extension of Keats South and several other zones along a 5km segment of the Appleton Fault.
CEO Collin Kettell stated that this purchase marks an important milestone for the Queensway Project, positioning New Found with a minimal outstanding royalty burden of 0%-0.4% on key zones along the Appleton North corridor. The acquisition encompasses the recent discovery of deep mineralization at Keats South and other notable zones in the area.
New Found Gold Corp. (TSX-V: NFG, NYSE-A: NFGC) has announced high-grade gold results from channel samples at the Keats Trench of its Queensway Project in Newfoundland. Highlights include 300 g/t Au over 5.1m and 215 g/t Au over 5.2m, confirming good continuity of high-grade mineralization. The trench exposed a 50m by 50m surface expression of a key high-grade corridor within the Keats-Baseline Fault Zone.
The Phase I channel sampling program covered a 200m long by 70m wide stripped bedrock surface with a 27-line sampling grid. A Phase II program is ongoing to increase sample density along high-grade veins. The company is also 80% complete with excavation at the Iceberg Trench, which will expose 220m of strike length over a 105m wide area.
New Found Gold Corp. (TSX-V: NFG, NYSE-A: NFGC) has announced the acquisition of royalty interests on its Golden Bullet property at the Queensway Project. The company will purchase 0.6% of a 1.6% net smelter returns royalty for $1.95 million in cash and 300,000 common shares. New Found retains the right to buy the remaining 1% royalty for $1 million by November 2024. The Golden Bullet property covers key target areas including Keats South, TCH, Knob, Bullet, Rocket, and Quarry zones. This transaction follows a previous royalty purchase in 2021, ensuring minimal royalty burdens on significant mineralized zones along the Appleton Fault Zone. The company views this as a strategic move to maximize the future potential of Queensway.
New Found Gold Corp. (NFGC) announces results from 11 diamond drill holes at the Queensway Project. The deep drilling program, initiated in March, confirms high-grade gold mineralization, extending to 820m depth—doubling the system's known vertical extent. Nine new gold zones were discovered within a 3km strike, with six zones containing visible gold, showing assay values as high as 57.1 g/t Au. Significant intervals include 2.65m at 10.98 g/t Au in Keats South and 2.15m at 12.01 g/t Au in Iceberg-AFZ.
These new zones exhibit epizonal-style gold mineralization, enhancing the 3-D seismic model and improving targeting for future drilling. The company is utilizing directional drilling to expedite follow-up exploration. The ongoing 650,000m drill program aims to further delineate the gold system's extent and improve geological models.