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New Found Gold Corp. (TSXV:NFG | OTCQB: NFGFF) has announced a change in the venue for its upcoming annual general meeting (AGM) to Suite 2600, 595 Burrard Street, Vancouver, British Columbia. The AGM is set for December 8, 2022, at 10:00 a.m. PT. Due to COVID-19 safety measures, in-person attendance is limited, and shareholders are encouraged to vote by proxy. The deadline to vote in advance is December 6, 2022. The company is undertaking a 400,000m drill program at its Queensway Project and holds approximately $62 million in cash and marketable securities.
New Found Gold Corp. has announced plans to expand its exploration program at the Queensway Project in Newfoundland, increasing the drill program from 200,000m to 400,000m. Currently, 51% of the initial program is complete, with 24,000m of drill core awaiting assays. The company will increase its drill count from 9 to 14 rigs by early 2022, enhancing core production from 3,000m to 4,700m weekly. A new core processing facility is set to begin construction soon, fully funded by existing capital of approximately $103 million, expected to rise to $150 million after a financing round.
New Found Gold Corp. announces a non-brokered private placement with Eric Sprott for 5 million common shares at C$9.60 each, totaling C$48 million. The funds will support exploration of the 100% owned Queensway Project and general corporate purposes. Following this investment, Sprott's stake will increase to 36,601,200 shares. The offering requires approval from the TSX Venture Exchange and possibly shareholders. New Found currently holds approximately C$150 million in working capital post-offering, indicating strong financial positioning for ongoing exploration efforts.
New Found Gold Corp. (TSXV: NFG) announced assay results from eleven drill holes at the Keats Zone, part of its Queensway Project in Newfoundland. The results show significant high-grade gold continuity, extending the Keats Main Zone to 530m down-plunge. Highlights include intercepts of 61.50 g/t Au over 5.20m and 88.53 g/t Au over 3.35m. The ongoing 200,000m drill program is approximately 51% complete, with nine rigs currently operating. The company has approximately $105 million in working capital to fund this exploration.
New Found Gold Corp. has released promising assay results from drill hole NFGC-21-238 at the Keats Zone of its Queensway Project in Newfoundland. The results include an impressive interval of 88.53 g/t Au over 3.35m, positioned approximately 65m below the Keats Main Zone and at a depth of 307m. Approximately 51% of the 200,000m drill program is completed, with ongoing efforts to explore multiple high-grade zones within the Footwall Zone. The company is well-funded with about $105 million in working capital.
New Found Gold Corp. announced positive assay results from eight diamond drill holes at the Golden Joint Zone, located in its 100%-owned Queensway Project in Newfoundland. The drilling aims to expand high-grade gold mineralization. Significant results include intercepts of 64.94 g/t Au over 2.10m and 18.04 g/t Au over 2.00m. The ongoing 200,000m drilling program has achieved approximately 48% completion, with nine rigs actively working. The company has a current working capital of about $110 million, supporting future exploration initiatives.
New Found Gold Corp has announced that its common shares will start trading on the NYSE American under the ticker symbol NFGC from today, September 29, 2021. Concurrently, trading on the OTC Markets will cease. The company advises shareholders from OTC Markets to verify their holdings under the new symbol. New Found holds a 100% interest in the Queensway Project in Newfoundland, currently undergoing a 200,000m drill program, supported by approximately $110 million in working capital.
New Found Gold Corp. (TSXV: NFG, OTC: NFGFF) announced the appointment of Melissa Render, P.Geo., as Vice President of Exploration. She has played a crucial role in the company's ongoing 200,000m drill program on the Queensway Project. Render has over 13 years of experience in orogenic gold exploration and has worked with renowned companies like AngloGold Ashanti and Kinross. The company has also granted her 125,000 stock options at an exercise price of $8.70. New Found currently holds a working capital of approximately $111 million to support its exploration efforts.
New Found Gold Corp. (TSXV: NFG) announced plans to list its common shares on the NYSE American under the ticker symbol "NFGC," effective September 29, 2021. Concurrently, shares will cease trading on the OTC Markets. The company is advancing its Queensway Project in Newfoundland, backed by a robust $111 million in working capital. A 200,000m drilling program is underway with plans to increase the number of rigs from nine to ten by Q3 2021, positioning New Found Gold favorably within the mining sector.
New Found Gold Corp. (TSXV: NFG, OTC: NFGFF) announced high-grade gold discoveries at the Queensway Project in Newfoundland. Recent surface grab samples from the new Big Dave zone showed assay results of up to 1,131 g/t Au, 2km north of the Lotto Zone. This area, previously underexplored, has shown potential for further high-grade mineralization along the Appleton Fault. The company is planning drilling targets for Q4 2021, leveraging extensive geophysical data to guide exploration.
