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New Found Gold Corp (NFGC) is a dynamic mineral exploration company dedicated to the acquisition, exploration, and evaluation of gold resource properties. With a strategic focus on the Provinces of Newfoundland and Labrador and Ontario, Canada, the company has positioned itself as a significant player in the gold exploration sector.
The company's flagship project, the Queensway Project, is situated in Newfoundland, Canada. This project is a cornerstone for New Found Gold Corp and has shown promising potential in uncovering substantial gold resources. The exploration efforts at Queensway are aimed at discovering and delineating extensive gold deposits, setting the stage for future developments and potential production.
New Found Gold Corp is committed to leveraging advanced exploration techniques and technologies to maximize the potential of its properties. Recent achievements in the company's exploration programs have highlighted significant progress, with notable discoveries that have drawn attention within the mining industry.
Financially, the company maintains a prudent approach, ensuring robust financial health to support its exploration activities. Strategic partnerships and collaborations with industry leaders have further strengthened New Found Gold Corp's position, providing access to expertise and resources that enhance their exploration capabilities.
As New Found Gold Corp continues its journey, its focus remains on creating value for its shareholders through diligent exploration and the strategic development of its gold properties. The company's commitment to responsible exploration practices and its proactive approach in updating stakeholders on its progress make it a noteworthy entity in the mineral exploration landscape.
New Found Gold Corp. (NFGC) announced an agreement with BMO Capital Markets to issue 6,250,000 charity flow-through common shares at C$8.00 each, raising approximately C$50 million. The underwriters hold an option for an additional 15% of the shares. Proceeds will fund exploration at the Queensway Project, which is currently undergoing a 400,000m drilling program, 74% complete. The offering is expected to close around December 14, 2022, pending regulatory approvals.
New Found Gold Corp. has released results from 36 diamond drill holes at its 100%-owned Queensway project, highlighting significant high-grade gold intervals in the Keats North area, including sample NFGC-22-728 with 116.93 g/t Au over 2.0m. The ongoing drill program has covered approximately 79% of the planned 400,000m, with notable findings indicating a new gold system. Follow-up drilling is set to further define high-grade targets. The project is located near Gander, Newfoundland and Labrador, with no current economic evaluations or identified resources.
New Found Gold Corp. has released promising results from drill hole NFGC-22-960 at its Queensway project in Newfoundland, revealing high-grade gold at the Keats West site. The drill intersected 32.0 meters of 42.64 g/t Au, including notable high-grade intervals such as 171.6 g/t Au over 6.5 meters. Ongoing drilling aims to expand this discovery, with 79% of the planned 400,000m drilling program completed. The Keats West area shows potential as a significant gold mineralizing system, with further exploration ongoing.
New Found Gold Corp. has released positive drilling results from five diamond drill holes at the Keats West discovery, part of its 100%-owned Queensway project in Newfoundland and Labrador. Key highlights include a high-grade intercept of 18.6 g/t Au over 15.95m in hole NFGC-22-773. The drilling program, which has completed about 78% of its planned 400,000m, indicates significant potential with multiple intercepts demonstrating broad low-grade gold domains and confirming the host structure's continuity. Exploration drilling continues with positive implications for future resource development.
New Found Gold Corp. announced significant drilling results from its Queensway project, including high-grade gold intercepts at the Keats Main Zone. Assay results revealed 85.7 g/t Au over 5.65m and 56.8 g/t Au over 2.15m in notable drill holes. The Company successfully tested the Chrysos PhotonAssayTM method for determining gold content, achieving strong correlation with traditional fire assay results. Approximately 76% of the planned 400,000m drill program has been completed, with ongoing assays and a focus on efficient analysis.
New Found Gold Corp. (TSXV:NFG | NYSE-A: NFGC) has announced a definitive property option agreement to acquire a 100% interest in five mineral licenses in Newfoundland and Labrador. This agreement increases the company's landholdings to 165,575 hectares, adding 6.1km along the Appleton Fault Zone. The agreement requires cash payments totaling $2.35 million and issuance of 487,078 common shares without mandatory work commitments. The transaction needs TSXV approval, with a four-month hold period for shares issued.
New Found Gold Corp. announced results from 18 diamond drill holes in their ongoing program at the Queensway project, exploring the Appleton Fault Zone. Highlight intersections include 33.79 g/t Au over 2.35m in NFGC-22-661 and 37.36 g/t Au over 2.1m in NFGC-22-690 in the new 'Lotto North' area. The project covers approximately 1500 km² in Newfoundland, with 74% of a 400,000m drill program completed. The Lotto-Lotto North area now has a combined strike length of 1km, indicating significant potential for additional gold discoveries as further assays are pending.
New Found Gold Corp. announced results from 30 diamond drill holes at the Queensway project, focusing on the Keats Main Zone along the Appleton Fault Zone. Significant gold intercepts include 45.05 g/t Au over 2.25m and 68.19 g/t Au over 2.05m. The exploration has extended the strike length of the Keats Main Zone to 1km, with results suggesting potential for deeper gold deposits. Approximately 71% of a 400,000m drilling program is completed, with ongoing assays revealing promising mineralization.
New Found Gold Corp. (NYSE-A: NFGC) announces the appointment of Raymond Threlkeld as an independent board member. Threlkeld, a geologist with over 40 years of experience, has successfully managed significant mining operations, including the Cowal Gold Mine in Australia and the Pierina Mine in Peru. His tenure at Newmarket Gold led to the company's sale for over $1 billion, creating substantial shareholder value. The press release also includes an update on the company's at-the-market equity offering, with gross proceeds amounting to approximately C$440,400.
New Found Gold Corp. announced promising drill results from six holes targeting the Appleton Fault Zone, revealing a new high-grade gold discovery at Keats West. Drillhole NFGC-22-681 intersected 4.20m at 17.87 g/t Au, while NFGC-22-686 showed 10.50m at 10.36 g/t Au. The new findings extend a 9.45km target corridor and indicate significant potential for further exploration. Currently, approximately 66% of the 400,000m drill program has been completed, with ongoing assays pending for 44,445m. The company remains optimistic about expanding the Keats West Zone.
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