Exciting Drill Results from New Found Gold's Queensway Exploration

Overview of New Findings

New Found Gold Corp. (NFG) has recently unveiled significant drill results from its ongoing exploration efforts at its 100%-owned Queensway Gold Project. The drill results not only confirm the continuity of high-grade gold mineralization, particularly in the Keats West Zone but also suggest exciting potential for further discoveries.

Drilling Highlights

As part of its 2025 Work Program, New Found Gold's exploration at the Keats West Zone has produced some impressive grades. The results indicate several key high gold intersections:

• 55.0 g/t Au over 35.05 m (NFGC-25-2254)
• 20.7 g/t Au over 18.05 m (NFGC-25-2258)
• 15.4 g/t Au over 16.70 m (NFGC-25-2260)

These results reinforce the company's earlier findings and confirm the continuity of high-grade gold zones within the project.

Keats West Open Pit Infill Drilling

The open pit infill drilling has defined multiple regions of new gold mineralization that lie outside the current Mineral Resource Estimate (MRE) block model. For instance:

• Significant intervals of 4.29 g/t Au over 22.00 m (NFGC-25-2242)
• Other noteworthy intersections include 2.85 g/t Au over 33.85 m (NFGC-25-2247) and 10.6 g/t Au over 4.85 m (NFGC-25-2245).

This extensive infill drilling has created a clearer picture of the mineralization distribution at Keats West.

Underground Drilling at Keats West

The underground (UG) drilling has also yielded impressive results. A notable intersection of 7.08 g/t Au over 15.55 m (NFGC-25-2243A) reinforces the potential to expand high-grade zones beyond the current open pit limits. Follow-up drilling in this area is currently in progress.

Melissa Render's Insights

Melissa Render, President of New Found Gold, expressed her enthusiasm regarding the latest drilling results, stating, "These results confirm the continuity and high-grade tenor of gold mineralization at Keats West, demonstrating the potential for in-pit and near-pit expansions. Our focus remains on derisking high priority open pits."

Future Exploration Plans

The company remains committed to advancing exploration efforts at Keats West for the second half of the year. They anticipate further drilling to target the remaining domains of lower-grade material and potential expansions to new areas of mineralization. Additionally, they are excited about continuing the drill program at other zones, including Lotto and Iceberg, where drilling is ongoing.

About New Found Gold Corp.

New Found Gold holds a 100% interest in the Queensway project, covering a vast area in an economically favorable jurisdiction. The project has seen a host of recent discoveries that highlight its potential for resource expansion. The company’s leadership is dedicated to unlocking the value of this prospective area and transforming it into a successful mining venture.

Frequently Asked Questions

What are the recent drill results from New Found Gold?

Recent drill results confirm significant high-grade mineralization at the Keats West Zone, with notable intersections up to 55.0 g/t Au over substantial lengths.

Where is the Queensway Gold Project located?

The Queensway Gold Project is located in a highly advantageous mining jurisdiction in Canada, where New Found Gold owns 100% of the asset.

What plans does New Found Gold have for future drilling?

The company plans to continue infill drilling and expand exploration into new areas, with a focus on high-priority zones to assess their potential for gold mining.

What is the significance of the high-grade gold intersections?

The high-grade intersections indicate strong potential for gold mineralization and could enhance the future economic viability of the Queensway project.

Who leads New Found Gold Corp.?

New Found Gold is led by President Melissa Render, who has extensive experience in the mineral exploration industry.

About The Author

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