New Found Gold Corp. is pleased to announce assay results from 17 diamond drill holes targeting expansion of the Keats Zone . These holes were drilled as part of the Company's ongoing 400,000m diamond drill program at its 100%-owned Queensway Project , located on the Trans-Canada Highway 15km west of Gander, Newfoundland. This press release features multimedia. View the full release here [...]
New Found Gold is pleased to announce assay results from 21 diamond drill holes targeting expansion of the Keats Zone and to test for additional high-grade gold mineralization along the Appleton Fault Zone. These holes were drilled as part of the Company's ongoing 400,000m diamond drill program at its 100%-owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander. This press release features [...]
New Found Gold is pleased to announce results of work programs and analysis completed by independent consultants initiated to investigate possible bias indicated by a set of 30 half-core duplicate assays . The work program included completion of a substantial number of additional half-core screen fire assays providing a data set of 475 half-core duplicates, and the detailed statistical assessment of these results. The [...]
New Found Gold Corp. is pleased to announce assay results from one diamond drill hole designed to expand the newly discovered high-grade gold zone found in the Keats footwall. This hole was drilled as part of the Company's ongoing 400,000m diamond drill program at its 100%-owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander. Keats Footwall Drill Result Highlights The highlight Keats footwall [...]
New Found Gold is pleased to announce assay results from one diamond drill hole designed to expand the high-grade gold mineralization at the Golden Joint Zone centered approximately 1km north of the Keats Zone. This hole was drilled as part of the Company's ongoing 400,000m diamond drill program at its 100%-owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander, Newfoundland. This press release [...]
New Found Gold is pleased to announce assay results from one diamond drill hole designed to expand the newly discovered high-grade gold zone found in the Keats footwall. This hole was drilled as part of the Company's ongoing 400,000m diamond drill program at its 100%-owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander. This press release features multimedia. View the full release here [...]
New Found Gold is pleased to announce assay results from three diamond drill holes designed to expand the high-grade gold mineralization at the Golden Joint Zone centered approximately 1km north of the Keats Zone. These holes were drilled as part of the Company's ongoing 400,000m diamond drill program at its 100%-owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander, Newfoundland. This press [...]
New Found Gold is pleased to review the 2021 year of exploration at its 100%-owned Queensway Project. After completing its IPO in August 2020, New Found commenced an initial 100,000m drill program at Queensway in September 2020. By the end of 2020, step-out drilling on the high-grade discovery hole at the Keats Zone had yielded broad intervals of near surface high-grade gold over approximately 80m of strike, including [...]
New Found Gold is pleased to provide an update on its ongoing exploration program at its 100%-owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander. Highlights Drilling has continued at the Queensway project uninterrupted with ten rigs running and overall meterage drilled to date now exceeding 127,540 m. Assays are pending for roughly 30,700 m. As previously announced, the Company is planning to [...]
New Found Gold is pleased to announce that it has closed its previously-announced acquisition of three royalty interests with arm's length royalty holders, whereby New Found purchased 100% of each Vendor's royalty interests, each equal to 0.2% of net returns for an aggregate of 0.6% of net returns from the Company's Linear and JBP Linear properties. These properties cover key target areas on the Company's Queensway [...]
New Found Gold is pleased to announce that it has completed its previously announced non-brokered private placement of 5,000,000 common shares of the Company that qualify as "flow-through shares" for the purposes of the Income Tax Act at a price of $9.60 per FT Share, for gross proceeds to New Found of $48,000,000. The FT Shares have a hold period of four months and one day from closing, expiring on March 25, 2022. A cash [...]
New Found Gold is pleased to provide an update regarding the previously announced non-brokered private placement with Mr. Eric Sprott of 5 million common shares of New Found, at a price of C$9.60 per Common Share, for gross proceeds of C$48 million. The Company is pleased to announce it has received conditional approval of the Offering from the TSX Venture Exchange and approval by the shareholders of the Company is not [...]