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New Found Gold Corporation

New Found Gold Corporation (NFGC)

1.54
0.14
(10.00%)
1.53
-0.01
(-0.65%)

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Key stats and details

Current Price
1.53
( 9.29% )
Bid
-
Ask
-
Volume
1,218,551
1.42 Day's Range 1.54
0.9257 52 Week Range 3.65
Market Cap
Previous Close
1.40
Open
1.42
Last Trade
1249
@
1.54
Last Trade Time
Financial Volume
$ 1,821,507
VWAP
1.4948
Average Volume (3m)
1,182,913
Shares Outstanding
200,757,994
Dividend Yield
-
PE Ratio
-8.35
Earnings Per Share (EPS)
-0.25
Revenue
116k
Net Profit
-50.27M

About New Found Gold Corporation

New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. Its principal objective is to explore and develop the Queenswa... New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. Its principal objective is to explore and develop the Queensway Project, which is located near Gander, Newfoundland. Show more

Sector
Gold Ores
Industry
Gold Ores
Headquarters
Vancouver, British Columbia, Can
Founded
-
New Found Gold Corporation is listed in the Gold Ores sector of the American Stock Exchange with ticker NFGC. The last closing price for New Found Gold was $1.40. Over the last year, New Found Gold shares have traded in a share price range of $ 0.9257 to $ 3.65.

New Found Gold currently has 200,757,994 shares outstanding. The market capitalization of New Found Gold is $281.06 million. New Found Gold has a price to earnings ratio (PE ratio) of -8.35.

NFGC Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.096.251.441.541.346547941.38725215CS
4-0.02-1.290322580651.551.61.345853901.45257725CS
120.324.39024390241.231.7351.06911829131.38267896CS
26-0.31-16.8478260871.8420.925710301651.41101423CS
52-1.62-51.42857142863.153.650.92577793331.7537522CS
156-2.97-664.55.70.92574158562.57899808CS
260-5.49-78.20512820517.028.80.92573667742.94199406CS

NFGC - Frequently Asked Questions (FAQ)

What is the current New Found Gold share price?
The current share price of New Found Gold is $ 1.53
How many New Found Gold shares are in issue?
New Found Gold has 200,757,994 shares in issue
What is the market cap of New Found Gold?
The market capitalisation of New Found Gold is USD 281.06M
What is the 1 year trading range for New Found Gold share price?
New Found Gold has traded in the range of $ 0.9257 to $ 3.65 during the past year
What is the PE ratio of New Found Gold?
The price to earnings ratio of New Found Gold is -8.35
What is the cash to sales ratio of New Found Gold?
The cash to sales ratio of New Found Gold is 3.48k
What is the reporting currency for New Found Gold?
New Found Gold reports financial results in CAD
What is the latest annual turnover for New Found Gold?
The latest annual turnover of New Found Gold is CAD 116k
What is the latest annual profit for New Found Gold?
The latest annual profit of New Found Gold is CAD -50.27M
What is the registered address of New Found Gold?
The registered address for New Found Gold is SUITE 3500, THE STACK, 1133 MELVILLE STREET, VANCOUVER, BRITISH COLUMBIA, V6E 4E5
What is the New Found Gold website address?
The website address for New Found Gold is www.newfoundgold.ca
Which industry sector does New Found Gold operate in?
New Found Gold operates in the GOLD ORES sector

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NFGC Discussion

View Posts
rbtree rbtree 3 days ago
More strong news! https://mailchi.mp/newfoundgold/new-found-gold-expands-and-confirms-continuity-of-high-grade-gold-mineralization-at-the-keats-west-zone?e=3ed7faba67

New Found Gold Expands and Confirms Continuity of High-Grade Gold Mineralization at the Keats West Zone
(TSX-V: NFG | NYSE-A: NFGC)
Vancouver, BC, July 9, 2025 โ€“ New Found Gold Corp. (โ€œNew Found Goldโ€ or the โ€œCompanyโ€) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the first drill results from the Companyโ€™s 2025 Work Program at its 100%-owned Queensway Gold Project (โ€œQueenswayโ€ or the โ€œProjectโ€) in Newfoundland and Labrador, Canada.

Highlights - Keats West¹ in the AFZ Core:

Keats West open pit infill drilling:
55.0 g/t of Au over 35.05 m (NFGC-24-2254)²
20.7 g/t Au over 18.05 m (NFGC-24-2258).
15.4 g/t Au over 16.70 m (NFGC-24-2260).
Confirms continuity of multiple domains of high-grade gold within Keats West.
Defines regions of new gold mineralization within the proposed Keats West open pit that are currently outside of the MRE³ block model.
Keats West UG4 infill drilling:
7.08 g/t Au over 15.55 m (NFGC-24-2243A).
Demonstrates potential to expand high-grade mineralization beyond the current open pit extents.
Melissa Render, President of New Found Gold stated: โ€œTodayโ€™s results confirm the continuity and high-grade tenor of gold mineralization at Keats West, as well as the in-pit and near-pit expansion potential. These domains of high-grade mineralization start at surface and remain above a vertical depth of 150 metres and are located in proximity to other key zones, such as Iceberg and Keats in the AFZ Core area. Project advancement following the release of the initial MRE in March 2025 is focused on derisking high priority open pits, like Keats West with infill drilling targeting the higher-grade portions to start.โ€

Results Summary

This news release includes results from 2,691 m of drilling in 22 diamond drill holes (โ€œDDHโ€) completed in Q2/25 as part of an infill program at Keats West in the AFZ Core (Tables 1 to 3). The program has been designed to target mineralization within the Keats West MRE open pit constraints, first focussing on converting resource blocks to indicated classification thereby increasing the confidence level in high-grade domains. In addition, results are reported from infill drilling, completed immediately beyond the south end of the proposed Keats West open pit within a preliminary UG panel.

¹ Keats West = Keats West zone
² g/t = grams per tonne, Au = gold, m = metres
³ MRE = Mineral resource estimate
4 UG = underground

Keats West Open Pit Infill:

Keats West highlight infill holes targeting the high-grade domains announced today include 55.0 g/t Au over 35.05 m (NFGC-25-2254), 20.7 g/t Au over 18.05 m (NFGC-25-2258), 15.4 g/t Au over 16.70 m (NFGC-25-2260) and 13.1 g/t Au over 10.60 m (NFGC-25-2245). These intercepts demonstrate the strong continuity of the high-grade corridors within the hosting Keats West fault zone that has a mineralized footprint of 315 m wide by 305 m long, with true widths averaging 20 m and ranging up to 50 m (Figure 2).
Multiple regions within the Keats West open pit tested by the infill program intercepted significant mineralization outside of the current MRE block model. Intervals in these regions include 4.29 g/t Au over 22.00 m (NFGC-25-2242), 2.85 g/t Au over 33.85 m (NFGC-25-2247), 1.31 g/t Au over 30.00 m (NFGC-25-2257) and 10.6 g/t Au over 4.85 m (NFGC-25-2245) (Figure 3).
Overall, the results correlate well to the MRE block model, with local fluctuations where grades were either higher or lower than anticipated.
Keats West mineralization occurs within a gently south-southwest dipping fault zone that hosts a series of stacked and cross-cutting gold-bearing quartz veins on the west side of the AFZ in the AFZ Core area. The high-grade mineralization starts at surface and extends to depths of 150 m vertical, a shallowly positioned gold system.
Keats West UG Infill:

7.08 g/t Au over 15.55 m (NFGC-25-2243A) was intersected at the south end of the Keats West zone, immediately beyond the proposed open pit, within the extents of one 50 m long preliminary UG panel that contributed to the MRE in the Keats West area (Figures 2 and 3). Follow up drilling has been completed in this sparsely tested region; results of this program are pending.
Looking Ahead

The Company will continue the work program at Keats West in H2/25 to complete infill drilling targeting the remaining domains of lower grade material in addition to expansion drilling in new areas of mineralization within the open pit. Subject to obtaining positive results from the UG follow-up program, drilling at Keats West will work to expand the deeper portions of this zone. Infill drilling has also been completed at the Lotto and Lotto North zones, while step-out and infill drilling is ongoing at the Iceberg, K2, Dome-Lotto and Dropkick zones, as well as at AFZ Peripheral conceptual and early-stage exploration target areas.

The channel sampling at the Iceberg excavation that began in May 2025 is nearly complete. Results from ongoing work will be released as they become available.

Excavation of the Lotto Zone (โ€˜Lottoโ€) is underway. The objective of this work is to expose a 210 m long segment of Lotto to add certainty to the geological model and assess grade continuity. Excavating will be followed by detailed mapping, channel sampling and additional definition drilling. Tightly spaced definition drilling targeting key segments of the Keats-Baseline Fault Zone that have been excavated will also commence in Q3/25 starting at Keats, followed by Iceberg.

On November 6, 2024, the Company announced it had engaged SLR Consulting (Canada) Ltd (โ€œSLRโ€) to deliver an initial MRE and preliminary economic assessment (โ€œPEAโ€). The MRE was announced on March 24, 2025, and a PEA is ongoing with a revised target completion date of early Q3/25. This is an important milestone for the Project as it will provide preliminary project economics in addition to defining the work programs that will allow the Company to advance the Project. Mine design and planning, metallurgical processing and economic optimizations will be conducted by SLR to complete the PEA.


Table 1: Drill Result Highlights

Note that the host structures are interpreted to be moderately to steeply dipping. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2 m with a maximum of 4m consecutive dilution when above 200 m vertical depth and 2 m consecutive dilution when below 200 m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness. Details of all 22 drill holes are included in Table 2 and Table 3 below.


Figure 1: Inclined plan view map of the AFZ Core area.


Figure 2: Keats West cross-section (+/-15 m, looking northwest).


Figure 3: Keats West pit looking northeast with reported holes highlighted.

Table 2: Summary of composite results reported in this news release for Keats West.

Note that the host structures are interpreted to be moderately to steeply dipping. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2 m with a maximum of 4 m consecutive dilution when above 200 m vertical depth and 2 m consecutive dilution when below 200 m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness.

Table 3: Details of drill holes reported in this news release.



Sampling, Sub-sampling, and Laboratory

All drilling recovers HQ core. For deep holes, the core size may be reduced to NQ at depth. The drill core is split in half using a diamond saw or a hydraulic splitter for rare intersections with incompetent core.

A geologist examines the drill core and marks out the intervals to be sampled and the cutting line. Sample lengths are mostly 1.0 meter and adjusted to respect lithological and/or mineralogical contacts and isolate narrow (<1.0m) veins or other structures that may yield higher grades.

Technicians saw the core along the defined cutting line. One-half of the core is kept as a witness sample and the other half is submitted for analysis. Individual sample bags are sealed and placed into totes, which are then sealed and marked with the contents.

New Found has submitted samples for gold determination by PhotonAssay™ to ALS Canada Ltd. (โ€œALSโ€) since February 2024. ALS operates under a commercial contract with New Found.

Drill core samples are shipped to ALS for sample preparation in Thunder Bay, Ontario. ALS does not currently have accreditation for the PhotonAssay™ method at their Thunder Bay, ON laboratory. They do however have ISO/IEC 17025 (2017) accreditation for gamma ray analysis of samples for gold at their Australian labs with this method, including the Canning Vale lab in Perth, WA.

Samples submitted to ALS beginning in February 2024, received gold analysis by photon assay whereby the entire sample is crushed to approximately 70% passing 2 mm mesh. The sample is then riffle split and transferred into jars. For โ€œroutineโ€ samples that do not have VG identified and are not within a mineralized zone, one (300-500g) jar is analyzed by photon assay. If the jar assays greater than 0.8 g/t, the remaining crushed material is weighed into multiple jars and submitted for photon assay.

For samples that have VG identified, the entire crushed sample is riffle split and weighed into multiple jars that are submitted for photon assay. The assays from all jars are combined on a weight-averaged basis.

Select samples prepared at ALS are also analyzed for a multi-element ICP package (ALS method code ME-ICP61) at ALS Vancouver.

Drill program design, Quality Assurance/Quality Control, and interpretation of results are performed by qualified persons employing a rigorous Quality Assurance/Quality Control program consistent with industry best practices. Standards and blanks account for a minimum of 10% of the samples in addition to the laboratoryโ€™s internal quality assurance programs.

Quality Control data are evaluated on receipt from the laboratories for failures. Appropriate action is taken if assay results for standards and blanks fall outside allowed tolerances. All results stated have passed New Foundโ€™s quality control protocols.

New Foundโ€™s quality control program also includes submission of the second half of the core for approximately 2% of the drilled intervals. In addition, approximately 1% of sample pulps for mineralized samples are submitted for re-analysis to a second ISO-accredited laboratory for check assays.

The Company does not recognize any factors of drilling, sampling, or recovery that could materially affect the accuracy or reliability of the assay data disclosed.

The assay data disclosed in this press release have been verified by the Companyโ€™s Qualified Person against the original assay certificates.

The Company notes that it has not completed any economic evaluations of the Project and that the Project does not have any reserves.

Qualified Person

The scientific and technical information disclosed in this press release was reviewed and approved by Melissa Render, P. Geo., President, and a Qualified Person as defined under National Instrument 43-101. Ms. Render consents to the publication of this press release, by New Found Gold. Mrs. Render certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.

About New Found Gold Corp.

New Found Gold holds a 100% interest in Queensway, located in Newfoundland and Labrador, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce.

The Company has completed an initial MRE at Queensway (see New Found Gold news release dated March 24, 2025). A preliminary economic assessment is underway, with completion scheduled for early Q3/25.

Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the 175,450 hectare project that covers a 110 km strike extent along two prospective fault zones.

New Found Gold has a new management team in place, a solid shareholder base, which includes a 19% holding by Eric Sprott, and is focused on growth and value creation at Queensway.

Please see the Companyโ€™s website at www.newfoundgold.ca and the Companyโ€™s SEDAR+ profile at www.sedarplus.ca.

Keith Boyle
Chief Executive Officer
New Found Gold Corp.

Contact

For further information on New Found Gold, please visit the Companyโ€™s website at www.newfoundgold.ca, contact us through our investor inquiry form at https://newfoundgold.ca/contact/ or contact:

Fiona Childe, Ph.D., P.Geo.
Vice President, Communications and Corporate Development
Phone: +1 (416) 910-4653
Email: contact@newfoundgold.ca

Follow us on social media at

https://www.linkedin.com/company/newfound-gold-corp

https://x.com/newfoundgold
๐Ÿ‘๏ธ0
Oleblue Oleblue 2 months ago
New Found Gold Continues to Expand the Dropkick Zone at the Queensway Gold Project:
42.8 g/t Au over 14.95 m, 47.6 g/t Au over 3.95 m and 22.9 g/t Au over 2.40 m
(TSX-V: NFG | NYSE-A: NFGC)

Vancouver, BC, May 21, 2025 โ€“ New Found Gold Corp. (โ€œNew Found Goldโ€ or the โ€œCompanyโ€) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce new drill results from the Companyโ€™s 100%-owned Queensway Gold Project (โ€œQueenswayโ€ or the โ€œProjectโ€) in Newfoundland and Labrador, Canada. Highlights include:

Dropkick zone (โ€œDropkickโ€) west of the Appleton Fault Zone (โ€œAFZโ€):
42.8 g/t Au over 14.95 m (NFGC-24-2225)ยน
47.6 g/t Au over 3.95 m (NFGC-24-2214)
22.9 g/t Au over 2.40 m (NFGC-24-2205)
Dropkick mineralization has now been intersected over a 580 m strike extent
Open in all directions
Dropkick east of the AFZ:
5.30 g/t Au over 15.20 m (NFGC-24-2233)
A newly identified domain at Dropkick on the eastern side of the AFZ
Open in all directions
Pistachio zone (โ€œPistachioโ€)
5.34 g/t Au over 7.30 m (NFGC-24-2190)
240 m strike length delineated to date with a high-grade portion constrained by one underground panel in the initial mineral resource estimate (โ€œMREโ€)
Open down plunge and to depth

Melissa Render, President of New Found Gold stated: โ€œIn these final drill results from the 2024 exploration program we continue to intersect high-grade gold mineralization and expand both Dropkick and Pistachio. At Dropkick, we have now discovered gold mineralization both west and east of the AFZ. The continued results from Dropkick and Pistachio, located 8 and 11 kilometres north, respectively, of the main resource area at Queensway are highly encouraging and point to the potential for future near-surface resource expansion along the strike of this prolific gold mineralized system. We look forward to continuing to test the tenor and extent of these zonesโ€.

ยนg/t Au = grams of gold per tonne, m = metres

Results Summary โ€“ This Release:

This news release includes results from 13,768 m of drilling in the final 38 diamond drill holes (โ€œDDHโ€) completed in Q4/24 as part of an exploration program at AFZ Peripheral (formerly the Kingsway Project) as well as from other zones throughout Queensway North (Tables 1 to 3). The program included step-out drilling at Dropkick targeting new high-grade mineralization, the strike extension of the gold-bearing host fault, and the eastern side of the AFZ. In addition, step-out drilling at Pistachio targeting the expansion of the high-grade, and systematic reconnaissance drilling along the AFZ Peripheral segment was completed (see the New Found Gold news release dated February 11, 2025 and October 24, 2024).

Drill highlights, along with details from all 38 DDH in this news release are included in Tables 1 to 3 below.

Dropkick:

Dropkick step-outs west of the AFZ announced in this release include 42.8 g/t Au over 14.95 m (NFGC-24-2225), 47.6 g/t Au over 3.95 m (NFGC-24-2214), 22.9 g/t Au over 2.40 m (NFGC-24-2205) and 5.77 g/t Au over 6.55 m (NFGC-24-2228). These and all previously drilled intercepts at Dropkick occur in a fault zone subparallel to and west of the AFZ (Tables 1 to 3).
This drilling follows up on discovery holes NFGC-24-2197 (89.5 g/t Au over 5.85 m) and NFGC-24-2193 (26.2 g/t Au over 16.15 m; see the New Found Gold news release dated February 11, 2025).
As part of this program step-out drilling on the north end of the Dropkick zone was extended to test for mineralization on the eastern side of the AFZ. Drilling returned 5.30 g/t Au over 15.20 m (NFGC-24-2233) east of the AFZ. This is the first mineralization at Dropkick east of the AFZ; this new domain of mineralization is open and will be tested in a follow-up program.
These new results from Dropkick have expanded the high-grade mineralization over a 150 m x 75 m area and are associated with the Dropkick fault zone that has now been delineated over a 580 m strike length.
Gold mineralization at Dropkick starts at surface and has been drilled to 285 m vertical depth to date, and is open in all directions, with expansion potential of the high-grade toward surface.
Dropkick is the most northern gold discovery found to date along the highly prospective AFZ. It is located 11 km northeast of AFZ Core (see the New Found Gold news release dated March 24, 2025) and indicates that the gold mineral system at Queensway spans a considerable distance to the north (Figure 2).
Gold mineralization in the DDH in this release exhibit characteristics similar to the primary discovery area, with coarse free gold contained in fault-fill quartz veins hosted within an interbedded sequence of siltstones and sandstones.

Pistachio:

Continued step-out drilling at Pistachio intersected 5.34 g/t Au over 7.30 m (NFGC-24-2190) and has extended the high-grade mineralization in this zone by 40 m down-dip.
Pistachio is located 150 m north of the Big Vein zone and spans a strike length of 240 m with a high-grade portion constrained by an underground panel in the initial MRE (see the New Found Gold news release dated March 24, 2025).
Pistachio extends from 165 m to 250 m vertical depth and remains open down plunge and to depth.
The zone is characterized by a series of quartz veins containing visible gold hosted within a greenish siltstone unit that is spatially associated with a high-grade gold stibnite-bearing fault zone.

AFZ Peripheral Reconnaissance:

Systematic step-out drilling initially focussed on the west side the AFZ and targeting regions with prospective features was initiated in Q4/24 at AFZ Peripheral. This work has delivered encouraging early results. Large stretches of both the east and west sides of the AFZ at AFZ Peripheral have limited to no testing.
Topographic lineaments which often indicate faults were tested 2.4 km southwest of Pistachio with three drillholes. One drillhole crosscut a series of stacked quartz veinlets over a downhole length of 42 m containing multiple occurrences of visible gold.
Additional reconnaissance drilling 1.6 km along trend to the northeast of Pistachio, targeting a gold-arsenic soil anomaly and gold-in-rotary air blast (โ€œRABโ€) drilling intersected a series of brittle structures and mineralization, returning 6.44 g/t Au over 2.95 m (NFGC-24-2212) and visible gold in two of the four holes drilled. This soil anomaly is associated with a topographic lineament having a similar orientation to the prolific Keats-Baseline Fault Zone in the AFZ Core area.
The early success in the reconnaissance program has identified two target areas that are open for additional testing. Follow-up drilling is planned for the soil anomaly in Q2/25 as the multitude of prospective features makes this target a priority.

Looking Ahead:

The Company has now released all drill results from the 2024 exploration program, which totaled 89,974 m in 271 DDH. The results of 37,750 m in 82 DDH were received after the cutoff date for inclusion in the initial MRE and will be included in the next MRE for the Project.

Based on the highly encouraging results received to date at Dropkick, the Company plans to conduct follow-up drill testing beginning in June 2025, with work following at the soil anomaly located north of Pistachio.


Table 1: Drill Result Highlights



Note that the host structures are interpreted to be moderately to steeply dipping. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution when above 200m vertical depth and 2m consecutive dilution when below 200m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness. Details of all 38 drill holes are included in Table 2 and Table 3 below.

Figure 1: Photos of mineralization at Dropkick and Dropkick east. Top Left: Dropkick ~197.50 m in NFGC-24-2225, Top Right: Dropkick ~198 m in NFGC-24-2225. Bottom Left: Dropkick at ~386.50 m in NFGC-24-2214 and Bottom Right: Dropkick ~164 m in NFGC-24-2233.
^Note that these photos are not intended to be representative of gold mineralization in NFGC-24-2225, NFGC-24-2214, and NFGC-24-2233.


Figure 2: Plan view map of the AFZ Core and AFZ Peripheral at Queensway North.


Figure 3: Dropkick 3D inclined view (top) and long section view looking east (bottom).


Figure 4: Big Vein, Pistachio and Pristine inclined 3D long section view with open pit and underground block models (looking north).

Table 2: Summary of composite results reported in this news release for Dropkick, Pristine, Pistachio, AFZ Peripheral, Golden Glove, Big Vein, Green Mantle, and Hazelnut.




Note that the host structures are interpreted to be moderately to steeply dipping. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution when above 200m vertical depth and 2m consecutive dilution when below 200m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness. *Previously released interval.

Table 3: Details of drill holes reported in this news release


Sampling, Sub-sampling, and Laboratory

All drilling recovers HQ core. For deep holes, the core size may be reduced to NQ at depth. The drill core is split in half using a diamond saw or a hydraulic splitter for rare intersections with incompetent core.

A geologist examines the drill core and marks out the intervals to be sampled and the cutting line. Sample lengths are mostly 1.0 meter and adjusted to respect lithological and/or mineralogical contacts and isolate narrow (
๐Ÿ‘๏ธ0
Oleblue Oleblue 2 months ago
New Found Gold to Participate in Upcoming North American Conferences, Including the 4th Annual Canaccord Genuity Global Metals and Mining Conference and Grants Stock Options
(TSX-V: NFG | NYSE-A: NFGC)

Vancouver, BC, May 13, 2025 โ€“ New Found Gold Corp. (โ€œNew Found Goldโ€ or the โ€œCompanyโ€) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the Company will be participating in several conferences over the next month, including the 4th annual Canaccord Genuity Global Metals and Mining Conference (โ€œCanaccord Genuity Conferenceโ€).

Canaccord Genuity Conference

Keith Boyle, CEO, and Fiona Childe, VP Communications and Corporate Development, will be attending the prestigious Canaccord Genuity Conference in Henderson, NV, from May 20 to 22, 2025, to participate in one-on-one meetings with existing shareholders and new investors. As part of the Canaccord Genuity Conference programming, Mr. Boyle will be participating in the Advanced Exploration/Early-Stage Developers Panel at 10:45 am on May 22, 2025, in Casablanca Ballroom F/G.

Central MinEx Conference

Keith Boyle, CEO, Melissa Render, President, and Jared Saunders, VP Sustainability, will be attending the 3rd annual Central MinEx Conference (โ€œMinExโ€) in Gander, NL, from May 13 to 15, 2025. Mr. Boyle will be presenting at the Public Information Session and Career Fair: Exploration and Development Activities Update taking place on Tuesday, May 13 from 6 to 9 pm. Ms. Render will be presenting during the session: Exploring for Gold and Other Metals on Wednesday, May 14 at 1:45 pm. Dr. Saunders will be participating in the Panel Discussion: Social Licence to Operate Through Community Engagement on Wednesday, May 14 at 10:00 am. The Company is pleased to be a Patron Level Sponsor of MinEx.

THE Mining Investment Event

Keith Boyle, CEO, and Fiona Childe, VP Communications and Corporate Development, will be attending THE Mining Investment Event in Quebec City, QC, from June 3 to 5, 2025, to participate in one-on-one meetings with existing shareholders and new investors. As part of the THE Mining Investment Event programming, Mr. Boyle will be giving a presentation on June 3, 2025 at 1:15 pm and participating in the Newfoundland and Labrador Spotlight panel discussion on June 5, 2025 at 11:45 am. The Company will be showcasing drill core from its 100%-owned Queensway Gold Project (โ€œQueenswayโ€ or the โ€œProjectโ€) in Newfoundland and Labrador, Canada at the Sponsors Gala Coreshack and Casino Networking EVENT on June 3, 2025 and the Sponsors Gala Cocktails and Coreshack Networking EVENT on June 4, 2025.

Grant of Stock Options

The Company announces it has granted incentive stock options to certain directors and officers of New Found Gold to acquire an aggregate of 3,770,000 common shares in the capital of the Company at an exercise price of $1.67 (the โ€œOptionsโ€) in accordance with the Companyโ€™s 10% rolling incentive stock option plan. The Options are exercisable for a five-year term expiring May 13, 2030, and fully vest over periods of between 13 and 33 months.

About New Found Gold

New Found Gold holds a 100% interest in Queensway, located in Newfoundland and Labrador, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce.

The Company has completed an initial mineral resource estimate at Queensway (see New Found Gold news release dated March 24, 2025). A fully funded preliminary economic assessment is underway, with completion scheduled for late Q2/25.

Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the 175,600 hectare project that covers a 110 km strike extent along two prospective fault zones.

New Found Gold has a new management team in place, a solid shareholder base, which includes an 19% holding by Eric Sprott, and is focused on growth and value creation at Queensway.

Please see the Companyโ€™s website at www.newfoundgold.ca and the Companyโ€™s SEDAR+ profile at www.sedarplus.ca.

Keith Boyle
Chief Executive Officer
New Found Gold Corp.

Contact

For further information on New Found Gold, please visit the Companyโ€™s website at www.newfoundgold.ca, contact us through our investor inquiry form at https://newfoundgold.ca/contact/ or contact:

Fiona Childe, Ph.D., P.Geo.
Vice President, Communications and Corporate Development
Phone: +1 (416) 910-4653
Email: contact@newfoundgold.ca

Follow us on social media at

https://www.linkedin.com/company/newfound-gold-corp

https://x.com/newfoundgold

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement Cautions

This press release contains certain โ€œforward-looking statementsโ€ within the meaning of Canadian securities legislation, relating to the Companyโ€™s involvement in certain conferences, the grant of stock options, exploration, drilling and mineralization on the Companyโ€™s Queensway gold project in Newfoundland and Labrador; the interpretation of the results and benefits of the drilling program; future drilling and the timing and expected benefits thereof; the initial resource estimate; a preliminary economic assessment and the expected funding, timing and benefits thereof; assay results; the interpretation of drilling and assay results, the extent of mineralization and the discovery of zones of high-grade gold mineralization; plans for future exploration and drilling and the focus and timing of same; the merits of the Queensway Project; future press releases by the Company; and funding of the drilling program. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words โ€œexpectsโ€, โ€œplansโ€, โ€œanticipatesโ€, โ€œbelievesโ€, โ€œinterpretedโ€, โ€œintendsโ€, โ€œestimatesโ€, โ€œprojectsโ€, โ€œaimsโ€, โ€œsuggestsโ€, โ€œindicateโ€, โ€œoftenโ€, โ€œtargetโ€, โ€œfutureโ€, โ€œlikelyโ€, โ€œencouragingโ€, โ€œpendingโ€, โ€œpotentialโ€, โ€œgoalโ€, โ€œobjectiveโ€, โ€œopportunityโ€, โ€œprospectiveโ€, โ€œpossiblyโ€, โ€œpreliminaryโ€, and similar expressions, or that events or conditions โ€œwillโ€, โ€œwouldโ€, โ€œmayโ€, โ€œcanโ€, โ€œcouldโ€ or โ€œshouldโ€ occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the Companyโ€™s ability to complete the preliminary economic assessment, the results and timing of the preliminary economic assessment, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration, drilling and assay results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's Annual Information Form and Managementโ€™s discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

https://mailchi.mp/newfoundgold/new-found-gold-to-participate-in-upcoming-north-american-conferences-including-the-4th-annual-canaccord-genuity-global-metals-and-mining-conference-a?e=2f3758c945

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Oleblue Oleblue 2 months ago
New Found Gold Commences 2025 Work Program on the Queensway Gold Project
(TSX-V: NFG | NYSE-A: NFGC)

Vancouver, BC, May 7, 2025 โ€“ New Found Gold Corp. (โ€œNew Found Goldโ€ or the โ€œCompanyโ€) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the start of the 2025 work program on the Companyโ€™s 100%-owned Queensway Gold Project (โ€œQueenswayโ€ or the โ€œProjectโ€) in Newfoundland and Labrador, Canada.

Highlights:

Infill drilling is underway at the Keats West (โ€œKeats Westโ€) and Lotto (โ€œLottoโ€) zones with four diamond drill rigs.
Two additional drills will be mobilized in June 2025 to allow for both infill and exploration drilling.
Exploration drilling will focus on high-priority exploration targets, including the Dome (โ€œDomeโ€) and Dropkick (โ€œDropkickโ€) zones.
Dewatering of the Iceberg zone (โ€œIcebergโ€) excavation is underway in advance of channel sampling.

Melissa Render, President of New Found Gold stated: โ€œWe are excited to begin our 2025 work program at Queensway. With an initial mineral resource announced in Q1/25 and a fully-funded PEA scheduled for completion later this quarter, the primary focus at Queensway has shifted to put the Company on a path towards development. Our 2025 drilling will focus first on infill of the mineral resource and then progress to target areas close to the mineral resource with potential for future resource expansion. Concurrent with drilling, we are expanding our excavation program in advance of bulk sampling planned for the first half of 2026.โ€

Diamond Drilling

Drilling has commenced with four rigs at Keats West and Lotto in the AFZ Core of the Queensway mineral resource (โ€œMREโ€; see New Found Gold news release dated March 24, 2025). This infill drilling is being conducted prior to the excavation of the near-surface portions of Keats West and Lotto.

On completion of the Keats West and Lotto infill drilling, the Company will begin infill drilling priority open pits and underground portions of the MRE in parallel with further drilling of the Dome (โ€œDomeโ€) and Golden Dome (โ€œGolden Domeโ€) zones. The recently discovered high-grade mineralization at Dome and Golden Dome is located in proximity to the initial MRE and within 250 and 350 metres (โ€œmโ€), respectively, of surface (see the New Found Gold news releases dated February 24, 2025 and April 29, 2025; Figure 1).

An additional two drill rigs are scheduled to be mobilized to the Project in early June and will focus on exploration targets 10 to 12 kilometres (โ€œkmโ€) north of AFZ Core. This work will follow up drilling on high-priority exploration targets, including Dropkick, located 11 km north of AFZ Core. Drill highlights from Dropkick in 2024 include 89.5 g/t Au over 5.85 m and 26.2 g/t Au over 16.2 m (see the New Found Gold news release dated February 11, 2024).

AFZ Core Excavation Program

Excavation of the shallow overburden covering the near-surface portion of key zones in AFZ Core began with Keats, which was excavated in 2023 and mapped and sampled in 2024 (see the New Found Gold news release dated December 2, 2024). This work was successful in providing greater confidence in the geologic model, the grade distribution of very high-grade veins and the structural controls on mineralization in this zone.

Iceberg was excavated over a 220 m by 105 m area in late 2024 and is currently being dewatered. The Iceberg excavation has exposed broad zones of gold-bearing quartz veins directly below 2.5 to 9 m of overburden (Figure 2). Once dewatering of this excavation has been completed the Company will conduct channel sampling, which is expected to commence in late May and take approximately three weeks to complete. Channel lines will be spaced 7.5 m apart and will focus on the key mineralized domains within the excavated area.

Following the completion of the infill drilling at Keats West and Lotto, the 7 to 14 m of overburden at Keats West and 3 to 5 m of overburden at Lotto will be excavated to expose the gold-bearing quartz veins. Excavation of Keats West and Lotto is expected to be completed in Q4/25 and channel sampling is planned for Q2/26.

Looking Ahead:

The Company continues to evaluate the potential to add additional drills to expand the 2025 work program and will provide an update when the full 2025 program has been finalized.

¹g/t Au = grams of gold per tonne.



Figure 1. AFZ Core map showing the location of Dome and Golden Dome.


Figure 2. Iceberg excavation showing high-grade quartz vein exposures.


Appointment of Target IR

New Found Gold announces that it has entered into an investor relations agreement (the โ€œIR Agreementโ€) with Target IR & Communications (โ€œTarget IRโ€), to provide investor relations services, including digital marking support, to the Company. Target IR will receive consideration from the Company of $8,500/month, payable monthly in arrears, for an initial term of six months commencing May 15, 2025, with the option for the Company to renew on a quarterly basis thereafter.

Target IR, a company based in Toronto, Ontario, provides investor communications and marketing strategies for growing and emerging public companies. Salisha Ilyas, the principal of Target IR, is a senior investor relations professional with more than 20 years of experience across a range of industries, such as mining, healthcare and renewable/green energy. She has held senior investor relations and communication roles at Canadian and UK publicly listed companies and has also served as the head of professional development at the Canadian Investor Relations Institute in Toronto. Salisha holds a Bachelor of Commerce from the University of Toronto, a Master in Business Administration from the Schulich School of Business (York University), and has completed the Canadian Securities Course. Neither Target IR, nor any of its principals has any interest in New Found Gold or its securities, or any right or intent to acquire such an interest.

The IR Agreement is subject to the approval of the TSX Venture Exchange.

Qualified Person

The scientific and technical information disclosed in this press release was reviewed and approved by Melissa Render, P. Geo., President, and a Qualified Person as defined under National Instrument 43-101. Ms. Render consents to the publication of this press release, by New Found Gold. Ms. Render certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.

About New Found Gold

New Found Gold holds a 100% interest in Queensway, located in Newfoundland and Labrador, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce.

The Company has completed an initial mineral resource estimate at Queensway (see New Found Gold news release dated March 24, 2025). A fully funded preliminary economic assessment is underway, with completion scheduled for late Q2/25.

Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the 175,600 hectare project that covers a 110 km strike extent along two prospective fault zones.

New Found Gold has a new management team in place, a solid shareholder base, which includes an 19% holding by Eric Sprott, and is focused on growth and value creation at Queensway.

Please see the Companyโ€™s website at www.newfoundgold.ca and the Companyโ€™s SEDAR+ profile at www.sedarplus.ca.

Keith Boyle
Chief Executive Officer
New Found Gold Corp.

Contact

For further information on New Found Gold, please visit the Companyโ€™s website at www.newfoundgold.ca, contact us through our investor inquiry form at https://newfoundgold.ca/contact/ or contact:

Fiona Childe, Ph.D., P.Geo.
Vice President, Communications and Corporate Development
Phone: +1 (416) 910-4653
Email: contact@newfoundgold.ca

Follow us on social media at

https://www.linkedin.com/company/newfound-gold-corp

https://x.com/newfoundgold

Acknowledgements

New Found Gold acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement Cautions

This press release contains certain โ€œforward-looking statementsโ€ within the meaning of Canadian securities legislation, relating to the 2025 work program for the Project, including excavation programs, channel sampling, drilling, the possibility of additional drills, and the timing thereof; exploration, drilling and mineralization on the Project; the interpretation of the results and benefits of exploration and drilling; the initial resource estimate; the preliminary economic assessment and the expected funding, timing and benefits thereof; the extent of mineralization and the discovery of zones of high-grade gold mineralization; plans for future exploration and drilling and the focus and timing of same; the merits of the Queensway Project and its jurisdiction; future press releases by the Company; and funding of the drilling program. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words โ€œexpectsโ€, โ€œplansโ€, โ€œanticipatesโ€, โ€œbelievesโ€, โ€œinterpretedโ€, โ€œintendsโ€, โ€œestimatesโ€, โ€œprojectsโ€, โ€œaimsโ€, โ€œsuggestsโ€, โ€œindicateโ€, โ€œoftenโ€, โ€œtargetโ€, โ€œfutureโ€, โ€œlikelyโ€, โ€œencouragingโ€, โ€œpendingโ€, โ€œpotentialโ€, โ€œgoalโ€, โ€œobjectiveโ€, โ€œopportunityโ€, โ€œprospectiveโ€, โ€œpossiblyโ€, โ€œpreliminaryโ€, and similar expressions, or that events or conditions โ€œwillโ€, โ€œwouldโ€, โ€œmayโ€, โ€œcanโ€, โ€œcouldโ€ or โ€œshouldโ€ occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the Companyโ€™s ability to complete the 2025 work program and preliminary economic assessment, the results and timing of the 2025 work program and preliminary economic assessment, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration, drilling and assay results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's Annual Information Form and Managementโ€™s discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

https://mailchi.mp/newfoundgold/new-found-gold-commences-2025-work-program-on-the-queensway-gold-project?e=2f3758c945

Weekly Chart
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Oleblue Oleblue 2 months ago
New Found Gold Continues to Expand Queensway Gold Project at Depth: 38.7 g/t Au over 6.55 m at Dome and 10.3 g/t Au over 8.20 m at Keats South Deep
(TSX-V: NFG | NYSE-A: NFGC)

Vancouver, BC, April 29, 2025 โ€“ New Found Gold Corp. (โ€œNew Found Goldโ€ or the โ€œCompanyโ€) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce new drill results from the Companyโ€™s 100%-owned Queensway Gold Project (โ€œQueenswayโ€ or the โ€œProjectโ€) in Newfoundland and Labrador, Canada. Highlights include:

38.7 g/t Au over 6.55 m, including 98.9 g/t Au over 2.10 m from the Dome Zone (โ€œDomeโ€; NFGC-24-2238)
10.3 g/t Au over 8.20 m, including 37.7 g/t Au over 2.00 m from the Keats South Deep Zone (โ€œKSDโ€, NFGC-24-2112-W5), and
6.16 g/t Au over 3.10 m, including 18.4 g/t Au over 0.50 m from the Keats-Appleton Fault Zone Deep Zone (โ€œKeats-AFZ Deepโ€, NFGC-24-2168)

Melissa Render, President of New Found Gold, stated: โ€œWith these new drill results we continue to intersect gold mineralization in target areas outside the initial mineral resource at Queensway. At Dome we are finding new high-grade gold mineralization within 250 m of surface. This mineralization, located in proximity to the Lotto Zone, highlights the potential for near-resource expansion.โ€

โ€œOur Phase I deep drilling program successfully met its primary objective of beginning to assess the depth potential of the orogenic gold system at Queensway. The Phase I deep drilling at KSD and Keats-AFZ Deep, located well below the initial mineral resource, has begun to define new zones more than a kilometre below surface, pointing to the depth potential at Queensway,โ€ continued Ms. Render.

Results Summary โ€“ This Release:

This news release includes results from 7,765 m of drilling in 12 diamond drill holes (โ€œDDHโ€) completed in Q4/24 as part of a step-out program targeting the depth extension of Dome, and a deep drilling program testing the main structural corridor associated with known gold mineralization at Queensway (Dome-Golden Dome, Keats-AFZ Deep and KSD on Figure 1). Eleven of the 12 DDH reported herein were drilled outside the initial mineral resource estimate (โ€œMREโ€) area (see the New Found Gold news release dated March 24, 2025).

The drill holes announced in this release include both new deep DDH collared at surface and through a series of DDH wedges targeting deep mineralization at KSD and Keats-AFZ Deep. The deep drilling is following up on earlier drilling and is targeting structural lineaments identified by a deep 3D seismic survey completed by the Company in 2023 (see the New Found Gold news release dated August 21, 2023).

Drill highlights, along with details from all 12 DDH in this news release are included in Tables 1-3 below.

Dome:

Building on successful results from past drilling at Dome, two holes were drilled to test the down-dip extent of a structure with a similar orientation to the prolific Keats-Baseline Fault Zone (โ€œKBFZโ€). The KBFZ is a secondary structure that controls gold mineralization at the Keats and Iceberg zones that are in the initial MRE.
DDH NFGC-24-2238 returned 38.7 g/t Au over 6.55 m, including 98.9 g/t Au over 2.10 m starting at a vertical depth of 240 m (Figure 1). This interval is interpreted to occur between the fault that hosts previously identified gold mineralization at Dome and the Appleton Fault Zone (โ€œAFZโ€).
Mineralization at Dome consists of fault-fill quartz veins containing free coarse gold hosted by an interbedded sequence of siltstones and sandstones within a fault that dips moderately to the southeast.
Previously released initial results from 2024 drilling at Dome included 51.2 g/t Au over 13.30 m (NFGC-24-2227), 9.33 g/t Au over 6.35 m (NFGC-24-2217) and 5.60 g/t Au over 8.90 m (NFGC-24-2230) in a series of holes spaced 20 m to 30 m apart in a down-dip direction, 50 m below existing drilling (see New Found Gold news release dated February 24, 2025 and Figure 3).
The DDH announced in this and the February 24, 2025 news release are outside of the area of the Queensway initial MRE.
Additional drilling is required to expand on these results and determine the relationship between this mineralization and the previously drilled gold mineralization at Dome.

KSD:

Following up on discovery hole NFGC-24-2112, an additional five wedges were drilled into KSD to target deep gold mineralization between the KBFZ and the AFZ approximately 200 m below the Keats South Zone (โ€œKeats Southโ€) in the initial MRE (Figures 1 to 3).
A total of seven holes, including five wedges, have now been drilled into KSD at vertical depths of 585 m to 800 m over a 100 m by 170 m area that is open in all directions. All holes have intersected gold mineralization, with six of the seven containing visible gold.
Highlights from the final two wedges released herein include 10.3 g/t Au over 8.20 m, including 37.7 g/t Au over 2.00 m (NFGC-24-2112-W5) at 775 m vertical depth. This intercept is an approximately 60 m step-out to the south from NFGC-24-2112-W3 (1.97 g/t Au over 7.20 m; see the New Found Gold news release dated October 31, 2024). In addition, NFGC-24-2112-W4 reported 9.25 g/t Au over 2.75 m, including 33.9 g/t Au over 0.75 m, a 13 m step out to the north of NFGC-24-2112-W1 (23.3 g/t Au over 2.20 m).
The discovery hole crossed four distinct gold-bearing intervals along a downhole length of 258 m at vertical depths of 585 m to 770 m, including 11.0 g/t Au over 2.65 m (see the New Found Gold news release dated July 11, 2024).
KSD is located between the KBFZ and the AFZ approximately 200 m below Keats South. The deep drilling at KSD has identified mineralization with characteristics similar to the Keats and Iceberg zones both west and east of the AFZ, indicating that the gold mineralized system is present at depth approximately 200 m below the initial MRE.

Keats-AFZ Deep:

Systematic deep drilling, testing the area between the KBFZ and the AFZ, 750 m northeast of KSD, continues to yield broad intervals of quartz veining associated with low grade gold mineralization and localized occurrences of visible gold (Figures 1 to 3). This mineralization exhibits characteristics similar to those observed at KSD and within the initial MRE (Figures 4 and 5).
DDH NFGC-24-2168 intersected 6.16 g/t Au over 3.10 m, including 18.4 g/t Au over 0.50 m and 2.10 g/t Au over 7.05 m. Mineralization in this DDH transected a broad zone of gold mineralization from 760 m to 870 m vertical depth (Figures 3 and 4).
DDH NFGC-21-469 was extended to cross the AFZ and intersected 3.11 g/t Au over 2.00 m at a vertical depth of 1,150 m and 435 m below NFGC-24-2168. This is the deepest mineralization encountered to date on the Project, further highlighting the depth potential of the gold mineralized system at Queensway.

Looking Ahead:

The Phase I deep drilling program is complete and successfully met its primary objective to begin to assess the depth potential of the orogenic gold system at Queensway.

Planning for the 2025 drill program at Queensway is well underway. Drilling will focus on near-surface targets including resource conversion and within the MRE area, along with exploration drilling at recent high-priority discoveries including Dropkick, Dome and Golden Dome where there is limited drill testing and upside potential (see the New Found Gold news releases dated February 11, 2025 and February 24, 2025).

Table 1: Drill Result Highlights

Note that the host structures are interpreted to be moderately to steeply dipping and true widths are generally estimated to be 170% to 90%. 4True widths are unknown at this time. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution when above 200m vertical depth and 2m consecutive dilution when below 200m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness. Details of all 12 drill holes are included in Table 2 and Table 3 below.


Figure 1: Photos of mineralization at Dome, Keats-AFZ Deep and Keats South Deep. Top Left: Dome ~322 m in NFGC-24-2238, Top Right: Dome ~323 m in NFGC-24-2238, Bottom Left: KSD at ~861.70 m in NFGC-24-2112-W4 and Bottom Right: Keats-AFZ Deep ~1,137m in NFGC-24-2168.
^Note that these photos are not intended to be representative of gold mineralization in NFGC-24-2238, NFGC-24-2112-W4, and NFGC-24-2168.


Figure 2: Plan view map of the AFZ Core at Queensway North.


Figure 3: Composite long section of the AFZ Core at Queensway North (looking northeast, +/- 250 m).


Figure 4: Gold mineralized quartz vein domain from 981 m to 1,007.65 m in NFGC-24-2168 (Keats-AFZ Deep).

Table 2: Summary of composite results reported in this news release for Keats South Deep, Keats-AFZ Deep, Keats West, Golden Joint, Golden Dome and Dome.


Note that the host structures are interpreted to be moderately to steeply dipping and true widths estimated to be 170% to 95% of reported intervals. 4True widths are unknown at this time. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution when above 200m vertical depth and 2m consecutive dilution when below 200m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness.

Table 3: Details of drill holes reported in this news release



Sampling, Sub-sampling, and Laboratory

All drilling recovers HQ core. For deep holes, the core size may be reduced to NQ at depth. The drill core is split in half using a diamond saw or a hydraulic splitter for rare intersections with incompetent core.

A geologist examines the drill core and marks out the intervals to be sampled and the cutting line. Sample lengths are mostly 1.0 meter and adjusted to respect lithological and/or mineralogical contacts and isolate narrow (
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ComstockRoyalty ComstockRoyalty 3 months ago
We added at $00.98 cents to $1.05 range based on the Eric Sprott interview. LINK:
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Oleblue Oleblue 4 months ago
Looks like they were announcing rich narrow veins while the whole area only has 1 to 2 grams/ton.
https://finance.yahoo.com/news/found-gold-corp-announces-initial-224500534.html

Here is the latest presentation:

https://vrify.com/decks/18488?auth=89abf465-7ef9-42cd-ac94-1f672dab0a21

Looking at the chart doesn't look good. I wouldn't buy any more if I owned it until the dust settles.
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ComstockRoyalty ComstockRoyalty 5 months ago
ADDING FEB 10th, 2025 AGAIN TODAY -
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ComstockRoyalty ComstockRoyalty 7 months ago
Doubled down at $1.75 despite the HEADWINDS. - Those drill numbers in recent PR. SPECULATION I hope Collin is BUYING HIS OWN STOCK down here with these recent drill numbers. He should be loading up right here. [\/b]

[url][/url][tag]https://newfoundgold.ca/news/new-found-intersects-455-g-t-au-over-4-1m-148-g-t-au-over-7-0m-and-58-6-g-t-au-over-11-6m-at-keats-with-phase-ii-trench-channel-samples/[/tag]


New Found Intersects 455 g/t Au Over 4.1m, 148 g/t Au Over 7.0m and 58.6 g/t Au Over 11.6m at Keats With Phase II Trench Channel Samples BULLISH
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ComstockRoyalty ComstockRoyalty 1 year ago
ADDING MORE $3.10 to VEGAS
👍️ 1
ComstockRoyalty ComstockRoyalty 2 years ago
Added 1000 more @ $4.17 --> READY FOR LIFTOFF @ $NFGC ?? I am ready for #RedOctober on the DOW. This stock is going over $50 withing 36 months. HANG ON!
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Oleblue Oleblue 2 years ago
Eric Sprott Talks Gold In Newfoundland

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Oleblue Oleblue 2 years ago
New Found Gold Intercepts 101 g/t Au Over 2.75m & 11.5 g/t Au Over 8.9m at โ€œ421 Zoneโ€ at Keats Main

Mr. Collin Kettell reports:

VANCOUVER, British Columbia / Jul 24, 2023 / Business Wire / New Found Gold Corp. (โ€œNew Foundโ€ or the โ€œCompanyโ€) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the results from eight diamond drill holes that were completed as part of a follow-up drill program targeting the 421 Zone, a high-grade gold-bearing structure that crosscuts the southern end of the Keats Main Zone along the highly prospective Appleton Fault Zone (โ€œAFZโ€). New Foundโ€™s 100%-owned Queensway project comprises a 1,662km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2830-tsx-venture/nfg/145301-new-found-intercepts-101-g-t-au-over-2-75m-11-5-g-t-au-over-8-9m-at-421-zone-at-keats-main.html?utm_source=newsletter_1672&utm_medium=email&utm_campaign=junior-mining-brief-for-date-l-b-j-y

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couldbebetter couldbebetter 2 years ago
My take is NFGC will soon be using its 3-D seismic survey results to better calibrate
its drilling as well as to look for new, deeper, and perhaps larger & higher grades. So
far, most drilling has been relatively shallow. 3-D seismic allows a look deeper underground
which may show their geologists where they should be drilling these deeper holes for maximum
efficiency and impact. The share price has not (yet) reflected the high grade myriad number of discoveries
to date. This is frustrating to long term investors. Management has stated that they will sell once they
get an offer they cannot say no to. Quite obviously, there will be much more drilling in the future with
many new, ultra-high grade gold discoveries made. Exactly what will be the tipping point for a large
mining company to pull the trigger here, I do not know. NFGC is like a series of underground vaults,
each containing a fortune of gold. Mining companies will want to break into these vaults which takes
additional time and planning. The sooner they pull the trigger the quicker they get to the rewards.
This area contains immense treasure, whose value seems to grow by the day.
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Mr Penny Mr Penny 2 years ago
Did you mean going to $4?
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ComstockRoyalty ComstockRoyalty 2 years ago
$5.09 ..GOING TO $10 PPS

#EnjoytheShow
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Oleblue Oleblue 2 years ago


Starts at 23 minutes.
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ComstockRoyalty ComstockRoyalty 2 years ago
FULL THROTTLE AT $NFGC WENT ALL IN LONG G AT $3.24


#siLVERISmONEY
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Oleblue Oleblue 3 years ago
Nice breakout yesterday.

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Oleblue Oleblue 3 years ago
New Found Intercepts 152.1 g/t Au Over 3.85m & 12.98 g/t Au Over 14.95m at Lotto Main Vein, Confirms Continuity of High-Grade Over 220m Strike

Tue, September 13, 2022 at 6:30 AM·14 min read
In this article:

NFGC
+7.82%

VANCOUVER, British Columbia, September 13, 2022--(BUSINESS WIRE)--New Found Gold Corp. ("New Found" or the "Company") (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the results from nine diamond drill holes that were completed as part of an infill and step-out drill program testing the Lotto Main Vein located 2km north of the Keats Zone along the highly prospective Appleton Fault Zone ("AFZ"). New Foundโ€™s 100% owned Queensway project comprises an approximately 1500km2 area, accessible via the Trans-Canada Highway approximately 15km west of Gander, Newfoundland and Labrador.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220913005571/en/

Figure 1. Keats - Lotto plan view map (Graphic: Business Wire)

Lotto Drilling Highlights

1Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 40% to 90% of reported intervals. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 2m consecutive dilution. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness.

At the Lotto prospect, diamond drilling is progressing on a work program designed to step out and expand the known extents of the high-grade gold bearing Lotto Main Vein and to also infill in areas for better definition of the very high-grade gold domains which will help with understanding the mineralization controls and ultimately guide future exploration efforts.

The Lotto Main Vein contains high-grade gold mineralization that has now been defined over a strike length of 220m with the intercept of 16.13 g/t Au over 3.60m in NFGC-22-664 and to a depth of 225m. This intercept is 190m north of the previously reported 150.3 g/t over 11.5m in NFGC-21-201 (reported on June 23, 2021). The Lotto Main Vein target is not closed off in any direction along strike or to depth (Figures 1, 3, and 4).

Infill drilling at the Lotto Main Vein is targeting a "roll", an area where there is a drastic change in the vein orientation, interpreted to be a location of dilation and potentially correlated to the emplacement of high-grade gold mineralization. The current drill results have provided further confirmation of this interpretation with the intercepts of 152.1 g/t Au over 3.85m in NFGC-22-673 and 12.98 g/t Au over 14.95m in NFGC-22-684 (Figures 1, 3, 4, and 5).

This exploration work supports the current geological model and has also contributed to the understanding of the mineralization controls at Lotto. This improved understanding will allow for efficient testing of this high-grade corridor going forward as gold mineralization remains open in all directions.

https://finance.yahoo.com/news/found-intercepts-152-1-g-103000984.html
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Cathywinfall Cathywinfall 3 years ago
Anyone see that Eric Sprott just bought 6.5M shares at $8.35ish just recently? I think that's a pretty bullish sign for this stock.
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MoneyForNuthin MoneyForNuthin 3 years ago
$NFGC Standing by... :^)
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ComstockRoyalty ComstockRoyalty 3 years ago
BIGGEST & BEST GOLD NUMBERS IN HISTORY........ STAND BY KIDDIES $$$$
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Tekoah19 Tekoah19 3 years ago
This miner is disappointing. More news recently and itโ€™s dead in the water while other miners with no news are moving up nicely. Last year this miner was hot but no longer. Itโ€™s a mystery! What is it going to take to jump start this miner again?
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abew4me abew4me 3 years ago
The market is pretty volatile right now.

In the end, the precious metals (and the minors) should be the winners.
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Tekoah19 Tekoah19 3 years ago
Not seeing the pop from recent news here? The JR minors seem be so sensitive to market news one day they appear to be surging by upswing of the metals then the next they are right back down again! What Iโ€™m thinking right now is too many investors into JRโ€™s and other equities with margin causing roller coaster volatility? Iโ€™m not going to be forced out here going long!
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abew4me abew4me 4 years ago
Yup. Eric Sprott has increased his position to over 22% now.

Follow the smart money!
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abew4me abew4me 4 years ago
And it will once again outpace the rest of your Jr. Minors once the results from the recent cores are released in the next few weeks.

Buckle up.
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doinit doinit 4 years ago
HAPPY HOLIDAYS to all
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doinit doinit 4 years ago
chart 3months old,,,not going anywhere,,,same-o,same-o
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ALAMO 1 ALAMO 1 4 years ago
NFGC IS THE BEST GOLD STOCK AND BY FAR MY LARGEST P.M. POSITION . BY THE DIPS LOAD THE CORRECTIONS AND BACK UP THE TRUCK IF THERE IS A CRASH. THE ENTIRE WORLD MONETARY SYSTEM IS A HOUSE OF CARDS WHEN IT CRASHES GOLD WILL REIGN SUPREME AGAIN LIKE IT HAS 1000× IN THE PAST. I PREDICT TRIPPLE DIGITS 15X+ LONG BEFORE THE END OF THIS DECADE.
HOLD LONG AND STRONG LIKE ERIC.
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Tekoah19 Tekoah19 4 years ago
Just curious as to find any info or explanation as to why this stock has had such a turn down recently. All my other Jr minors are now doing much better than this stock? A few months ago this Jr. was out pacing many of the Jrโ€™s.
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nowwhat2 nowwhat2 4 years ago





Labrador Gold (LAB) last .85 - 2.3 %
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Anfld&x=42&y=13&time=100&startdate=2%2F4%2F2020&enddate=11%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9

Exploits (NFLD) - 11 %
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Anfld&x=0&y=0&time=100&startdate=2%2F4%2F2020&enddate=11%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9



Marathon (MOZ) 2.69 + 4.6 %
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Amoz&x=0&y=0&time=100&startdate=2%2F4%2F2020&enddate=11%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9



Sokoman (SIC) .32 = 1.5
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Asic&x=56&y=11&time=100&startdate=2%2F4%2F2020&enddate=11%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9


Orogenic gold deposits
https://www.google.ca/search?q=orogenic+gold+deposits&sxsrf=AOaemvLr5XtwFfNhglueJ7u2ZS5YXGJFCg%3A1636350576403&ei=cLqIYdSLGIX7-gTqnZiIDg&oq=ORIGENIC+&gs_lcp=Cgdnd3Mtd2l6EAEYADIECAAQQzIECAAQQzIECAAQCjIECAAQQzIECAAQCjIECAAQCjIECAAQCjIECAAQCjIECAAQCjIECAAQCjoECCMQJzoFCAAQkQI6CwguEMcBENEDEJECOgUIABCABDoICAAQgAQQsQM6CwgAEIAEELEDEIMBOg0ILhCxAxDHARCjAhBDOgQILhBDOgcIABCxAxBDOgYIABAKEEM6CAguEIAEELEDOgsILhCABBDHARCvAToLCC4QgAQQxwEQ0QM6BwgAEIAEEAo6BwguEIAEEAo6DQguEIAEEMcBENEDEAo6BQguEIAEOgoILhDHARDRAxAKSgQIQRgAUABYyBhg5DNoAHACeACAAeQBiAHqB5IBBTYuMi4xmAEAoAEBwAEB&sclient=gws-wiz


Goldspot 1.02 - 1.9 %
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Aspot&x=0&y=0&time=100&startdate=2%2F4%2F2020&enddate=11%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9



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doinit doinit 4 years ago
NFGC,,nice pop today,,looks promising
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doinit doinit 4 years ago
does that chart look like upticking???
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Renee Renee 4 years ago
NFGFF changed to NFGC. Moved to the NYSE AMEX from the OTC:

https://www.sec.gov/Archives/edgar/data/1840616/000110465921117063/tm2127221d2_40fr12ba.htm

https://otce.finra.org/otce/dailyList?viewType=Deletions
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74stingray 74stingray 4 years ago
4 hour drive from me, Iโ€™ll be buying a few just in case.
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doinit doinit 4 years ago
pps peaked in late June,,,waiting for bottom
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doinit doinit 4 years ago
watching pps here,,should correct soon..
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doinit doinit 4 years ago
New,Found,is,advancing,itsL100%,owned 1,510km2 Queensway gold project, located on the Trans-Canada highway 15km west of Gander, Newfoundland. A 200,000m drill campaign is underway utilizing eight drills, focused on a 7.8km corridor along the Appleton fault and a 12.4km corridor along the JBP fault. On the Appleton fault, following up on an initial discovery hole that returned 19m of 92.9 g/t Au at the Keats Zone, drilling has returned wide intervals of high-grade gold mineralization starting at bedrock surface and extending 465m down plunge and open.

At the Lotto Zone 2km north of Keats, from the initial discovery hole of 41.2 g/t Au over 4.75m and 25.4 g/t Au over 5.15m, follow up drilling is indicating continuity to depth with recent deeper results including 225 g/t Au over 2.5m and more recently 150.3 g/t Au over 11.5m.

On June 29, 2021 New Found announced an interval of 430.2 g/t Au over 5.25m at the Golden Joint Zone, a new discovery approximately 1km north of Keats.

Multiple other high-grade targets are now being pursued over 7.8km of strike along the Appleton Fault Zone and 12.4km along the JBP Fault Zone. Work is also underway to define additional drill targets on approximately 70km of prospective strike along the Appleton and JBP fault structures on the southern portion of the Queensway property.

With approximately $80 million in working capital New Found is well funded to pursue its exploration programs,
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doinit doinit 4 years ago
Basic Shares Outstanding
152,349,764
Broker Warrants @ $1.30 and $1.50 strike
629,599
Options
15,247,000
Fully Diluted Shares Outstanding
168,226,363
Working Capital
$82M
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doinit doinit 4 years ago
NFGFF,, https://newfoundgold.ca/
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doinit doinit 4 years ago
NFGFF,,,430 430.2 g/t Au ORE,,CRAZY FIND
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doinit doinit 4 years ago
THIS,ONE,COULD,BE,THE,BEST,GOLD,STOCK,OF,THE,YEAR
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