New Found Gold is pleased to announce assay results from three diamond drill holes designed to expand the high-grade gold mineralization at the Golden Joint Zone centered approximately 1km north of the Keats Zone. These holes were drilled as part of the Company's ongoing 400,000m diamond drill program at its 100%-owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander, Newfoundland. This press [...]
New Found Gold is pleased to review the 2021 year of exploration at its 100%-owned Queensway Project. After completing its IPO in August 2020, New Found commenced an initial 100,000m drill program at Queensway in September 2020. By the end of 2020, step-out drilling on the high-grade discovery hole at the Keats Zone had yielded broad intervals of near surface high-grade gold over approximately 80m of strike, including [...]
New Found Gold is pleased to provide an update on its ongoing exploration program at its 100%-owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander. Highlights Drilling has continued at the Queensway project uninterrupted with ten rigs running and overall meterage drilled to date now exceeding 127,540 m. Assays are pending for roughly 30,700 m. As previously announced, the Company is planning to [...]
New Found Gold is pleased to announce that it has closed its previously-announced acquisition of three royalty interests with arm's length royalty holders, whereby New Found purchased 100% of each Vendor's royalty interests, each equal to 0.2% of net returns for an aggregate of 0.6% of net returns from the Company's Linear and JBP Linear properties. These properties cover key target areas on the Company's Queensway [...]
New Found Gold is pleased to announce that it has completed its previously announced non-brokered private placement of 5,000,000 common shares of the Company that qualify as "flow-through shares" for the purposes of the Income Tax Act at a price of $9.60 per FT Share, for gross proceeds to New Found of $48,000,000. The FT Shares have a hold period of four months and one day from closing, expiring on March 25, 2022. A cash [...]
New Found Gold is pleased to provide an update regarding the previously announced non-brokered private placement with Mr. Eric Sprott of 5 million common shares of New Found, at a price of C$9.60 per Common Share, for gross proceeds of C$48 million. The Company is pleased to announce it has received conditional approval of the Offering from the TSX Venture Exchange and approval by the shareholders of the Company is not [...]
New Found Gold is pleased to announce that it has entered into three royalty purchase agreements with arm's length royalty holders, whereby New Found will purchase 100% of each Vendor's royalty interests, each equal to 0.2%, for an aggregate of 0.6% of net returns from the Company's Linear and JBP Linear properties. New Found had previously granted the Vendors the Royalty Interests under a Net Smelter Royalty Agreement [...]
New Found Gold is pleased to provide an update regarding the previously announced non-brokered private placement with Mr. Eric Sprott of 5 million common shares of New Found, at a price of C$9.60 per Common Share, for gross proceeds of C$48 million. The Company has agreed with Mr. Eric Sprott that the Common Shares will qualify as "flow-through shares" of the Income Tax Act. All other terms of the Offering remain the [...]
New Found Gold Corp. is pleased to provide an update on fieldwork and reporting of drill results from its 100%-owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander. New Found is pleased to report that it is proceeding immediately with assaying of drill whole-core samples from its Queensway Project utilizing the Chrysos PhotonAssay™ method at Intertek's facilities in Perth, Western Australia [...]
New Found Gold is pleased to provide an update regarding its QA/QC Program at Queensway and to announce its plans to proceed with Chrysos whole-core PhotonAssayTM methods for the assaying of core samples from its 100%-owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander. This press release features multimedia. Scatter Plot, 30 Half-Core Verification Samples versus 30 Original Half-Core Samples [...]
New Found Gold is pleased to announce an expansion of the exploration program at its 100% owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander, Newfoundland. To date the Company has completed approximately 51% of its current 200,000m diamond drill program at Queensway. Approximately 24,000 m of drill core is pending assay results. Highlights Nine core rigs are currently operating, with a tenth [...]
New Found Gold Corp. is pleased to announce that it has arranged a non-brokered private placement with Mr. Eric Sprott of 5 million common shares of New Found, at a price of C$9.60 per Common Share, for gross proceeds of C$48 million. New Found intends to use the proceeds of the Offering to fund exploration of New Found's 100% owned Queensway Project and for working capital and general corporate purposes. The Offering is [...]
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