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 (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. (AMEX:NFGC) has granted incentive stock options to directors and officers, allowing them to acquire 300,000 common shares at an exercise price of
New Found Gold Corp. has announced promising results from 17 diamond drill holes at the Appleton Fault Zone, part of its 100% owned Queensway project in Newfoundland and Labrador. The drilling highlights include multiple high-grade gold intercepts, with notable results such as 45.9 g/t Au over 2.75m in hole NFGC-22-578. The project has drilled approximately 56% of its planned 400,000m program, with further assays pending. VP of Exploration Melissa Render emphasized the extensive mineralization and interconnected vein systems, highlighting the potential for significant discoveries.
New Found Gold Corp (AMEX:NFGC) has filed its Amended Annual Information Form with Canadian regulators and the SEC on Form 40-F. The company previously submitted its Original Annual Information Form and Consolidated Annual Financial Statements for the year ending December 31, 2021. New Found holds a 100% interest in the Queensway Project in Newfoundland, which is currently undergoing a 400,000m drill program, now 48% complete. As of June 2022, the company is well-funded with approximately $87 million in cash and marketable securities.
New Found Gold Corp. (NYSE-A: NFGC) announced a significant new high-grade gold discovery at the Lotto prospect, identifying 89.5 g/t Au over 2.00m in drill hole NFGC-22-552, located 55m below surface. This discovery is part of a systematic drilling program targeting the Appleton Fault Zone. Approximately 48% of the planned 400,000m drill program at the Queensway Project is complete, with ongoing drilling expected to further define high-grade mineralization.
New Found Gold Corp. announces the appointment of Ron Hampton as Chief Development Officer, enhancing its leadership in the ongoing Queensway Project. Hampton brings over 25 years of experience in project and engineering leadership, previously managing major mining projects valued at over $2 billion. The company is currently halfway through a 400,000m drill program at Queensway, which has already yielded high-grade gold discoveries. Additionally, Dr. Quinton Hennigh has stepped down from the Board but will continue to serve as a Technical Advisor.
New Found Gold Corp. (NFGC) reports assay results from 39 diamond drill holes aimed at enhancing the gold vein network at the Keats Zone, part of a 400,000m drilling program at its 1500km² Queensway project in Newfoundland. Significant findings include NFGC-21-364A reporting 56.3 g/t Au over 2.05m and NFGC-22-593 with 9.12 g/t Au over 8.20m, indicating high-grade mineralization extending to the surface. Currently, 48% of the drilling program has been completed. The exploration team focuses on optimizing drilling targets and understanding mineralization controls.
New Found Gold Corp. (NFGC) has initiated shipments of drill core samples from its Queensway project to MSALAB's Chrysos PhotonAssay lab in Val d'Or, Quebec. This follows a significant 400,000m drill campaign on their 100% owned project near Gander, Newfoundland. The initial samples aim to validate the Chrysos PhotonAssay method, which is expected to enhance assay turnaround times and reduce costs. Additionally, New Found is advancing its new core processing facility in Gander and is increasing its drilling capacity to fourteen rigs.
New Found Gold Corp. (AMEX: NFGC) announced significant high-grade gold discoveries at its Queensway Project, located in Newfoundland. New discoveries include drillhole NFGC-22-538, which intercepted 275 g/t Au over 2.15m, and NFGC-22-533, with 8.70 g/t Au over 6.75m. This marks a notable expansion of the gold mineralization in the Appleton Fault Zone, with three new high-grade discoveries contributing to ongoing exploration efforts. The company has drilled approximately 43% of its 400,000m drill program, supported by about $100 million in funding.
New Found Gold Corp. has appointed Collin Kettell as CEO and Vijay Mehta to its board. Former CEO Craig Roberts transitions to Lead Advisor. Kettell stated the company is well-positioned amid renewed interest in gold, having discovered high-grade gold over 2.7km along the Appleton Fault Zone. The company has over 180 staff, 11 drills operational, and plans to ramp up to 14 drills, executing a 400,000m drilling program at the Queensway Project, approximately 38% complete. As of April 2022, they have around $106 million in working capital.
New Found Gold Corp. (NYSE-A: NFGC) announced a significant high-grade gold discovery at the 515 Zone, situated between the Keats and Golden Joint zones in Newfoundland. The drilling program, the first part of a systematic exploration along the Appleton Fault Zone, returned impressive assay results of 9.21 g/t Au over 2.15m and 43.9 g/t Au over 3.85m. This follows a recent discovery of 79.8 g/t Au over 3.00m in a nearby hole. The company is progressing with a 400,000m drill program, currently 40% complete, with robust funding of approximately $106 million.
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