New Found Gold Corp - NFGC STOCK NEWS

New Found Gold Corp. announced the results of 25 diamond drill holes from its Queensway project located near Gander, Newfoundland and Labrador. The drilling focused on expanding the newly discovered Keats West and Keats North zones. Significant intervals include:

• NFGC-22-852: 16.0 g/t Au over 2.50m at Keats N
• NFGC-22-901: 18.17 g/t Au over 2.65m at Keats N
• NFGC-22-911: 4.27 g/t Au over 31.55m at Keats W

The mineralized footprint of Keats West has expanded to 250m wide and spans 305m down dip, with highlights indicating strong continuity of gold mineralization.

The ongoing drill program aims for a total of 500,000m, with approximately 60,600m pending assay results.

New Found Gold Corp. (NFGC) has filed its annual financial statements for the year ended December 31, 2022, along with the corresponding Management’s Discussion and Analysis and Annual Information Form. These documents, termed the '2022 Annual Documents,' are accessible on SEDAR, SEC EDGAR system, and via the Company’s website. New Found holds a 100% interest in the Queensway Project, located near Gander, Newfoundland, which is currently undergoing a 500,000m drill program. The Company is well-funded, possessing approximately $64 million in cash and marketable securities as of April 2023. Shareholders can request hard copies of financial documents for free through the Company’s investor inquiry form.

New Found Gold Corp. (NFGC) reported encouraging results from two diamond drill holes at the Iceberg discovery, located 300m northeast of Keats Main along the Appleton Fault Zone. Highlights include intervals of 13.1 g/t Au over 13.90m and 12.6 g/t Au over 7.60m in drillhole NFGC-23-1128, and 35.6 g/t Au over 10.65m in NFGC-23-1141. The ongoing 500,000m drill program at the Queensway project continues to show potential, with mineralization open in all directions. COO Greg Matheson emphasized the significance of these findings in extending the known gold system, reinforcing the potential for resource expansion at the project.

New Found Gold Corp. (NFGC) announced positive drilling results from 11 diamond drill holes in the Keats West zone at its 100%-owned Queensway project in Newfoundland and Labrador. The drilling program aimed to expand on the newly discovered gold mineralization, revealing high-grade intervals including 10.1 g/t Au over 22.50m in NFGC-22-945. The mineralized footprint of Keats West has expanded to 200m wide and 305m down dip, with ongoing drilling to further define the gold continuity. VP Exploration Melissa Render expressed excitement over the continued success at Keats West, hinting at significant potential across the Appleton Fault Zone.

New Found Gold Corp. (AMEX:NFGC) has announced an increase in its weighting in the VanEck Junior Gold Miners ETF (GDXJ) from 0.32% to 0.42%, effective March 17, 2023. This change reflects a 31% increase in exposure, providing greater visibility and access to investors.

The Company's Queensway project, a 1,662 km² area in Newfoundland, has a current drilling program of 500,000 meters. It holds around $72 million in cash and marketable securities as of March 2023, ensuring robust funding for exploration initiatives.

New Found Gold Corp. has announced significant results from drill hole NFGC-23-1120 at the Iceberg discovery site, located northeast of Keats Main. The drill hole revealed high-grade gold mineralization, with key intervals showing 49.7 g/t Au over 29.85m and 14.6 g/t Au over 3.80m. These results support the hypothesis that Iceberg may be an extension of the Keats Main zone. The company's Queensway project encompasses over 1,662km2 and is currently undergoing a 500,000m drilling program, with further assays pending. New Found emphasizes the ongoing exploration efforts in search of additional high-grade gold mineralization.

New Found Gold Corp. has announced the discovery of a high-grade gold zone named Iceberg, which is located 300m northeast of Keats Main at its Queensway project in Newfoundland and Labrador. The new discovery features significant gold mineralization, with drill results showing up to 72.15 g/t Au over 9.65m. The Iceberg zone appears to be an extension of the prolific Keats Main and displays similar geological features, prompting increased exploration efforts in the area. Current drilling operations are part of a larger 500,000m program, with 51,500m of core awaiting assay results.

New Found Gold Corp. has filed a National Instrument 43-101 Technical Report for its Queensway Project, effective January 24, 2023. This report updates exploration activities including prospecting, sampling, and diamond drilling since the last report dated May 31, 2022. The project is strategically located 15 km from Gander, Newfoundland, with significant infrastructure support. New Found is conducting a robust 500,000m drilling program and is well-funded with approximately $82 million in cash and securities as of February 2023. The report was prepared by an independent qualified person to ensure compliance with industry standards.