New Found Gold Unveils Ambitious 2025 Work Program
New Found Gold Corp. (TSXV: NFG) is thrilled to announce that it has commenced its comprehensive work program for 2025 at the highly promising Queensway Gold Project. With a firm belief in the potential of this fully owned project, New Found Gold aims to undertake substantial drilling and exploration initiatives throughout the year.
Key Highlights of the 2025 Work Program
This year's work focuses on expanding knowledge about the rich mineralization present in the project area. Currently, infill drilling activities are underway at the Keats West and Lotto zones, utilizing four diamond drill rigs. This strategic approach is aimed at better defining the existing mineral resources while ensuring the project's growth trajectory continues positively.
Expanded Drilling Initiatives
In June, the company will mobilize two additional drill rigs. This expansion will allow New Found Gold to conduct both infill and exploration drilling effectively. Exploration will target significant areas, including the Dome and Dropkick zones, recognized for their previous high-grade findings, thereby enhancing the predictive confidence in mineral resource estimates.
Iceberg Zone Developments
The Iceberg zone excavation is also progressing, with efforts focused on dewatering in anticipation of channel sampling. This phase is critical as it lays the groundwork for assessing gold quality and distribution once sampling is initiated later in the year.
Company Commitment to Resource Growth
Melissa Render, President of New Found Gold, expressed enthusiasm about the ongoing work programs, stating, "We are excited to begin our 2025 work program at Queensway. With an initial mineral resource announced recently, we are more dedicated than ever to transitioning towards development. Focused drilling will not only confirm our resource estimates but unveil further opportunities for expansion. Concurrently, we're expanding our excavation efforts in preparation for bulk sampling in the first half of 2026.”
Drilling and Exploration Targets
The commitment to explore additional drilling opportunities highlights the Company's forward-looking strategy. This includes infill drilling in and around priority open pits and deeper underground areas, which are expected to be executed post drilling at Keats West and Lotto. Furthermore, there are plans to explore the Dome and Golden Dome zones, where significant high-grade discoveries have been reported.
Excavation Strategies in the AFZ Core
The excavation of critical zones in the AFZ Core has seen significant activities, especially at the Keats site. Excavation efforts have previously provided insightful data that supports the geological model's strength. As more overburden is removed, the measured confidence in the gold-bearing veins continues to increase.
Looking to the Future
With great anticipation, New Found Gold evaluates opportunities to increase the number of drills to further enhance its work program. Updates are expected as the company solidifies its plans for the year and explores new avenues for growth.
About New Found Gold
New Found Gold is committed to exploring and developing its 100% owned Queensway project located in a favorable jurisdiction. The company has made substantial progress in estimating mineral resources and is keen on tapping into the vast potential evident throughout its expansive land holdings.
Frequently Asked Questions
What is the focus of New Found Gold's 2025 work program?
The focus is primally on infill drilling and exploration at the Queensway Gold Project, particularly in areas like Keats West and Lotto.
How many drill rigs is the company using for the current drilling?
Currently, four drill rigs are operational, with plans to include two additional rigs in June 2025.
What areas will the exploration drilling target?
Exploration drilling will center on high-priority areas, notably the Dome and Dropkick zones.
When is channel sampling expected to occur at the Iceberg zone?
Channel sampling is expected to begin in late May 2025, pending successful dewatering of the excavation.
What is New Found Gold's long-term vision for the Queensway Project?
New Found Gold aims to transition from exploration to development, enhancing resource expansion and establishing stronger operational foundations.
