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New Found Gold Corp. (NFGFF) reported assay results from twenty-nine holes drilled at the Keats Zone, revealing significant high-grade gold mineralization. Key intervals include 137.49 g/t Au over 2.00m in hole NFGC-21-251 and 104.59 g/t Au over 2.20m in NFGC-21-310. The vertical profile of the Keats Main Zone now exceeds 200m and remains open for expansion. With approximately 44% of the 200,000m drill program completed, the project continues to demonstrate strong vertical continuity and significant discovery potential, particularly along the Appleton Fault.
New Found Gold Corp. (TSXV: NFG) reports significant assay results from its Lotto Zone, located 2 km north of the Keats Zone. Highlights include intercepts of 111.36 g/t Au over 2.65 m and 76.81 g/t Au over 2.80 m, expanding the Main Vein's vertical depth to over 200 m. The company is executing a 200,000 m drilling program at its wholly owned Queensway Project near Gander, Newfoundland, with 38% completed to date. Nine drill rigs are operational, and results indicate a promising trend for high-grade gold mineralization.
New Found Gold Corp. (TSXV: NFG) has successfully closed a flow-through share offering, raising $57.5 million through the sale of 5,048,500 shares at $11.39 each. The offering was led by Canaccord Genuity Corp. and BMO Capital Markets, with significant participation from Eric Sprott, who acquired roughly 19.9% of the financing. Proceeds will fund exploration expenses related to the Queensway and Lucky Strike projects, while the company will maintain approximately $118 million in working capital post-offering.
New Found Gold Corp. (TSXV: NFG, OTC: NFGFF) announced new updates on its Queensway Project, located in Newfoundland. A total of 301 drill holes have been completed, equating to 75,025m of the planned 200,000m program, with results pending for 40,627m. Key drilling activities focus on the Keats, Lotto, and Golden Joint zones, with promising early assays of up to 47.0 g/t Au. The company has a current working capital of approximately $68 million, ensuring sufficient funding for ongoing exploration efforts.
New Found Gold Corp. has updated progress on exploration results from multiple targets along the Appleton Fault Zone at its Queensway Project in Newfoundland. The company has discovered high-grade gold deposits at Keats, Lotto, and Golden Joint. New drilling indicates promising areas for further discoveries with significant intervals, including 683.1g/t Au over 2.45m at Lotto and 430.2g/t Au over 5.25m at Golden Joint. New Found is advancing its 200,000m diamond drill program and plans to apply for NYSE American listing in early Q3 2021.
New Found Gold Corp. (TSXV: NFG) (OTC: NFGFF) announced significant assay results from its Golden Joint zone, located 1km north of the Keats Zone. The highlight was an intercept of 430.2 g/t Au over 5.25m, marking a metal factor of 2,258 g/t Au x meters, the second highest value on the Queensway project to date. Additionally, over 700 grains of gold were observed in this intercept. The company is actively drilling, with two rigs currently in operation and more assays pending, reinforcing confidence in the area's potential for high-grade mineralization.
New Found Gold Corp. announced assay results from four drill holes at the Lotto Zone, part of its 200,000m drill program on the Queensway Project in Newfoundland. Significant findings include 683.1 g/t Au over 2.45m and 150.3 g/t Au over 11.5m, indicating high-grade mineralization with continuity up to 100m depth. The drilling suggests potential for a substantial gold discovery, similar to the Keats Zone located 2km away. Currently, 55,000m have been drilled, with ongoing exploration at multiple targets. The company is well-funded with approximately $82 million in working capital.
New Found Gold Corp. has announced assay results from nine additional drill holes at the Keats Zone, part of its ongoing 200,000m diamond drill program at the Queensway Project in Newfoundland. Notable findings include high-grade intervals of 21.4 g/t Au over 8.05m and 14.9 g/t Au over 12.9m in hole NFGC-21-204, indicating the high-grade gold zone continues to expand. The results confirm the continuity of gold mineralization and demonstrate ongoing exploration success, bolstering investor confidence.
New Found Gold Corp. (TSXV: NFG) has announced assay results from four additional drill holes at the Keats Zone as part of its 200,000m diamond drill program at the Queensway Project in Newfoundland. Notable findings include an impressive interval of 146.2 g/t Au over 25.6m, the highest grade-width metric recorded at Keats. The high-grade zone is now defined over 425m down-plunge and remains open for further exploration. The company is well-funded with approximately $79 million in working capital to advance its drilling efforts.
New Found Gold Corp. (TSXV: NFG, OTC: NFGFF) has granted stock options to a director to acquire 200,000 common shares at an exercise price of $8.62, valid for five years until May 17, 2026. This move follows the company's 10% rolling incentive stock option plan and requires shareholder approval at the next annual meeting. New Found Gold holds a 100% interest in the Queensway Project in Newfoundland and is undertaking a 200,000m drill program supported by a working capital of approximately $74 million.
