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. has inaugurated a new 25,000 sq ft core shack and office facility in
New Found Gold Corp. (NFGC) has released results from 37 diamond drill holes at its 100%-owned Queensway project, located near Gander, Newfoundland. Significant gold intercepts were reported from Keats West and Keats North, including grades such as 42.6 g/t Au over 32m and 28.8 g/t Au over 3.45m. The ongoing drilling program aims to extend identified gold mineralization along the Appleton Fault Zone and adjacent areas. The company is undertaking a comprehensive 500,000m drill program, with over 51,000m of core awaiting assay results. These results confirm the potential for further high-grade gold discoveries in this region.
New Found Gold Corp. (NFGC) announced positive results from 51 diamond drill holes conducted at its Queensway project in Newfoundland. This ongoing program targets the highly prospective Appleton Fault Zone (AFZ), revealing significant gold mineralization extending over 4.1 km. Key highlights include intercepts of 72.66 g/t Au over 2.20m in NFGC-22-774 and 79.62 g/t Au over 2.00m in NFGC-22-863. The discovery of the new TCH Zone and a vein named 'Rocket' at Knob showcase potential for further exploration. The company plans to continue aggressive drilling to define high-grade gold zones across the project.
New Found Gold Corp. (NFGC) announced results from 48 diamond drill holes in the Appleton Fault Zone, highlighting significant gold mineralization at Lotto North and Zone 36. Notable findings include drill hole NFGC-22-788, which recorded 16.12 g/t Au over 5.30m, and NFGC-22-753 with 11.38 g/t Au over 3.30m. The ongoing 500,000m drill program aims to expand high-grade mineralization. Additionally, the company updated its at-the-market equity offering, issuing 500,229 shares at an average price of C$5.097, raising over C$2M in net proceeds.
New Found Gold Corp. (NYSE-A: NFGC) continues its environmental baseline studies and pre-development evaluations at the 100% owned Queensway Project in Newfoundland and Labrador. This marks the third year of environmental assessments, which include hydrology and wildlife studies to prepare for mine permitting. The company has engaged metallurgist Gary Simmons to oversee metallurgical testing, aiming to optimize gold recovery. Additional pre-development studies will assess the geotechnical and geochemical properties of the host rock, alongside stakeholder engagement efforts.
New Found Gold Corp. (AMEX:NFGC) is expanding its exploration program at the Queensway Project in Newfoundland. The company has completed 80% of its 400,000m diamond drill program and plans to increase the total to 500,000m by the end of 2023. They have completed 319,000m of drilling to date, with 60,000m pending assay results. The program is fully funded by $90 million in cash and marketable securities. Focused drilling will target the Appleton and JBP fault zones, aiming to identify new high-grade gold mineralization.
New Found Gold Corp. (NFGC) reported on its exploration achievements at the 100%-owned Queensway Project for 2022. Key highlights include the discovery of multiple new zones along the Appleton Fault Zone, with significant intercepts such as 42.6 g/t Au over 32m at Keats West. The Company completed a record 184,911m of drilling and raised $50 million in financing with minimal dilution. New Found's current cash and marketable securities total $90.6 million. The firm is focused on aggressive exploration to further enhance gold mineralization.
New Found Gold Corp. (NFGC) has successfully closed a public offering of 6,250,000 flow-through shares at $8.00 each, raising a total of $50 million. Proceeds will be allocated towards eligible exploration expenses at the Queensway Project in Newfoundland, with all expenditures to be completed by December 31, 2023. Following the offering, the company's cash and marketable securities will total approximately $93.5 million. The offering was underwritten by a syndicate led by BMO Capital Markets, with noted participation from Eric Sprott, preserving his 19.9% interest in the company.
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.
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