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. 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. (TSX-V: NFG, NYSE-A: NFGC) has provided an update on its deep drilling program at the 100% owned Queensway Project in Newfoundland. The company has completed 10,345 meters in 12 drill holes since the program began in March, with results pending. Initial drilling targets include Jackpot, Lotto, K2, and Iceberg zones, using 3-D seismic data to guide efforts. The company has engaged Devico AS for advanced directional drilling services, expected to enhance efficiency and reduce costs. VP of Exploration, Melissa Render, emphasized the potential of the Queensway Project and the benefits of incorporating directional drilling technology.
New Found Gold Corp. (NFGC) has settled a lawsuit filed by ThreeD Capital and 1313366 Ontario Inc. against the company, Palisades Goldcorp, and Mr. Collin Kettell. The settlement avoids the costs and uncertainties of a trial scheduled for January 2025. Under the agreement, the plaintiffs will receive 3,750,000 New Found shares. Palisades will transfer 3,379,998 shares, and New Found will issue 370,000 shares, subject to regulatory approval. The shares will be under a four-month hold period. The settlement includes no admission of liability and provides releases for all defendants.
New Found Gold Corp. (TSX-V: NFG, NYSE-A: NFGC) has filed a National Instrument 43-101 technical report for its 100%-owned Queensway Project in Newfoundland and Labrador, Canada. The report, titled 'NI 43-101 Technical Report, New Found Gold Corp.’s Queensway Gold Project: 2024 Exploration Update', has an effective date of April 18, 2024. This update details the company's recent exploration activities, which include prospecting, soil sampling, trenching, channel sampling, diamond drilling, geophysics, and metallurgical testing since the previous report dated January 24, 2023. The report was prepared by independent Qualified Persons and is available on SEDAR+.
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