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An announcement from New Found Gold ( (TSE:NFG) ) is now available.
New Found Gold Corp. announced significant high-grade gold intercepts from their drilling program at the Dropkick Zone within the Kingsway property, part of the Queensway Project. The results, including 89.5 g/t Au over 5.85m and 26.2 g/t Au over 16.15m, highlight the potential expansion of the gold mineral system along the Appleton Fault Zone. This discovery marks a pivotal development for the company, indicating substantial growth opportunities and enhancing its exploration strategy. The company is also advancing its maiden resource estimate and preliminary economic assessment for the Queensway Project, with results expected by early Q2 2025, underscoring the project’s economic potential and strategic importance.
More about New Found Gold
New Found Gold Corp. operates in the mining industry, focusing on the exploration and development of gold properties. The company’s primary project is the 100%-owned Queensway Project, situated in Newfoundland and Labrador, Canada, which spans a 1,756 square kilometer area and is strategically located along the Appleton Fault Zone.
YTD Price Performance: -5.70%
Average Trading Volume: 491,826
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $341.3M
Find detailed analytics on NFG stock on TipRanks’ Stock Analysis page.
