New Found Gold Corp. is pleased to announce the results from six diamond drill holes completed at its recently acquired Kingsway Project that adjoins the northern border of the Queensway Project and is on trend with numerous discoveries made further south along the Appleton Fault Zone. In addition, the Company is pleased to announce the results from 29 diamond drill holes that were completed as part of a drill program [...]
New Found Gold Corp. is pleased to announce that further to its press release dated July 30, 2024, the Company has elected to purchase the remaining royalty on its Golden Bullet property from three arm's length royalty holders. As announced on July 30, 2024, New Found purchased 0.6% of the Vendors' 1.6% net smelter returns royalty on the Company's Golden Bullet property and had the right to purchase the remaining 1% net [...]
New Found Gold Corp. is pleased to announce the results of the first phase of channel samples from the Keats Trench and an update on the Iceberg Trench at the Queensway Project. Keats Trench plan map with the simplified geology, channel sample assay results and gold grade contours Keats Trench Highlights: Hole No. From To Interval Au Zone KM-24-01-11 14.93 16.98 2.05 10.87 Keats Main Trench Including 15.43 16.18 0.75 [...]
New Found Gold Corp. is pleased to announce that it has entered into three royalty purchase agreements with arm's length royalty holders, whereby New Found will purchase part of each Vendor's royalty interest. Highlights: Pursuant to the Royalty Purchase Agreements, the Company will purchase, in aggregate, 0.6% of the Vendors' 1.6% net smelter returns royalty on the Company's Golden Bullet property. New Found granted the [...]
New Found Gold Corp. is pleased to announce the first set of results from 11 diamond drill holes that were completed as part of a deep drilling program along the highly prospective Appleton Fault Zone on its 100% owned Queensway Project. The Company commenced deep drilling at Queensway in March to test targets derived from the initial 3-D seismic interpretation and to date, a total of 14,940m have been completed in 15 [...]
New Found Gold is pleased to announce the Company has successfully completed its previously announced acquisition of a 100% interest in Labrador Gold's Kingsway Project, as well as certain related assets of LabGold. Pursuant to the Acquisition, New Found has issued to LabGold 5,263,157 common shares as consideration for the Purchased Assets. About New Found Gold Corp. New Found holds a 100% interest in the Queensway [...]
New Found Gold is pleased to announce the initiation of surface trenching at the Iceberg Zone at its Queensway Project. The Iceberg surface trenching program will focus on excavating between 1-12 meters of overburden that covers the projection of the Iceberg Zone at the bedrock surface, exposing 220m of strike length over a 105m wide area, which corresponds to a core segment of the surface expression of the Iceberg Zone [...]
New Found Gold is pleased to provide a deep drilling update on its 100% owned Queensway Project. In early March, the Company announced commencement of its deep drilling program at Queensway to test targets derived from the initial 3-D seismic interpretation. To date, a total of 10,345m have been completed in 12 drill holes ranging in length from 550 to 1,230m. The program is ongoing an...
New Found Gold announces that it has entered into a settlement agreement with respect to the lawsuit filed by ThreeD Capital Inc. and 1313366 Ontario Inc. against New Found, Palisades Goldcorp Ltd. and Mr. Collin Kettell in the Ontario Superior Court of Justice. The Settlement Agreement resolves the Lawsuit completely and avoids the expense, burden and uncertainty associated with litigation. The settlement of the Lawsuit [...]
New Found Gold is pleased to announce that the Company has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report for New Found's 100% owned Queensway Project, entitled "NI 43-101 Technical Report, New Found Gold Corp.'s Queensway Gold Project: 2024 Exploration Update", with an effective date of April 18, 2024. The Technical Report is available under the Company's SEDAR+ profile [...]
New Found Gold is pleased to announce that it has entered into a property purchase agreement with Labrador Gold Corp. providing for the sale by LabGold to New Found of a 100% interest in LabGold's Kingsway Project, as well as certain related assets of LabGold. As consideration for the Purchased Assets, New Found will issue to LabGold such number of common shares in New Found equal to CDN$20,000,000 divided by the closing [...]
New Found Gold is pleased to announce the results from 85 diamond drill holes that were completed as part of multiple drill programs designed to expand and follow up on high-grade gold mineralization across several discovery areas located on the east side of the highly prospective Appleton Fault Zone spanning a 3km corridor from Golden Joint to Everest. New Found's 100%-owned Queensway project comprises a 1,665 km2 area [...]