New Found Gold Expands High-Grade Zone at Queensway Project

New Found Gold ( (TSE:NFG) ) just unveiled an announcement.

On October 30, 2025, New Found Gold Corp. announced significant drill results from its ongoing 2025 exploration program at the Queensway Gold Project. The company reported expanding the Dropkick zone to an 815-meter strike length with high-grade gold intercepts, including 29.2 g/t Au over 9.25 meters and 20.9 g/t Au over 11.10 meters. These results indicate the potential for substantial gold resources, enhancing the project’s value and positioning New Found Gold as a key player in the region’s gold mining sector. The exploration program aims to further delineate the mineralized zones, with additional drilling planned to test the extent of the high-grade zones.

The most recent analyst rating on (TSE:NFG) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on New Found Gold stock, see the TSE:NFG Stock Forecast page.

Spark’s Take on TSE:NFG Stock

According to Spark, TipRanks’ AI Analyst, TSE:NFG is a Neutral.

New Found Gold’s overall score reflects significant challenges typical for exploration companies, including lack of revenue and negative technical momentum. However, a strong equity position and promising corporate developments provide potential upside, making it a speculative investment with high risk and potential long-term reward.

To see Spark’s full report on TSE:NFG stock, click here.

More about New Found Gold

New Found Gold Corp. is a mining company operating in the gold exploration industry. The company is focused on its Queensway Gold Project in Newfoundland and Labrador, Canada, where it conducts extensive drilling programs to explore and expand high-grade gold mineralization zones.

Average Trading Volume: 728,962

Technical Sentiment Signal: Sell

Current Market Cap: C$648.9M

For an in-depth examination of NFG stock, go to TipRanks’ Overview page.