Homepage - New Found Gold Corp.

Advancing the Queensway Gold Project

650,000m drill
campaign underway

~ $12 million in
cash and marketable securities*

Supportive Large
Strategic Shareholders

About Us

New Found Gold Corp.

New Found Gold holds a 100% interest in Queensway in Newfoundland and Labrador, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce. With over 600,000 metres of drilling completed since 2020, the Company has outlined multiple near-surface, high-grade gold discoveries over a 22 km strike extent. Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the 175,600 hectare Project that covers a 110 km strike extent along two prospective fault zones.

Key Advancements

The Company has completed an initial mineral resource estimate and commissioned a preliminary economic assessment, which is scheduled for completion in late Q2/25.
Doubled vertical depth extent of Au system with deep drilling.
Keats Main and Iceberg Zones uncovered through trenching with channel sampling completed at Keats and planned for Iceberg in Q2/25.
Positive metallurgical test results for Keats, Iceberg, Lotto and Golden Joint.

Upcoming Milestones

Technical Report: A Technical Report in support of the MRE will be filed on the Company's website and SEDAR+ within 45 days of the news release (dated March 24, 2025).
Drilling: The Company is currently finalizing plans for its 2025 drill program, which will include step-out and infill drilling, target delineation and exploratory drilling.
Metallurgical Testwork: Additional testwork is underway to support a PEA.
PEA: A PEA, which is also being prepared by SLR, is planned for release in late Q2/25.
Permitting and Environmental Baseline Studies: Work is ongoing to support economic studies and future development.

~ $12 million in cash and marketable securities*

New Found is well funded to pursue its exploration programs.

Visit our Projects Page to Learn More

*As of May 2025.

Drilling Highlights

	High-Grade Interval	Zone	Date Released
1	105 g/t Au over 27.05m¹	Iceberg	Jun 5, 2023
2	49.7 g/t Au over 29.90m¹	Iceberg	Mar 13, 2023
3	42.6 g/t Au over 32.00m³	Keats West	Nov 28, 2022
4	69.2 g/t Au over 14.15m³	Golden Joint	March 24, 2022
5	430 g/t Au over 5.25m²	Golden Joint	Jun 30, 2021
6	150 g/t Au over 11.50m¹	Lotto Main	Jun 23, 2021
7	106 g/t Au over 35.40m³	Keats Main	May 21, 2021
8	124 g/t Au over 17.70m²	Keats Main	May 4, 2021
9	261 g/t Au over 7.20m³	Keats Main	Apr 20, 2021
10	69.2 g/t Au over 14.90m¹	Keats Main	Apr 7, 2021
11	86.2 g/t Au over 20.50m²	Keats Main	Jan 28, 2020

*Additional details for these drilling highlight intervals are provided by clicking on this link.

Note host structures are estimated fall into one of four categories depending on the zone in which the interval is located: ¹70% to 95%, ²40% to 70%, ³10% to 40%, or ⁴true widths are presently unknown. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness.

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)
NFGC-23-1210	59.75	86.80	27.05	105
Including	59.75	60.60	0.85	59.0
Including	61.80	62.25	0.45	22.8
Including	63.20	66.35	3.15	38.9
Including	69.65	70.70	1.05	160
Including	71.20	78.50	7.30	235
Including	80.35	81.35	1.00	757

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)
NFGC-23-1120	30.70	33.00	2.30	1.09
And	44.50	47.00	2.50	1.00
And	53.55	57.35	3.80	14.6
Including	55.75	56.70	0.95	54.5
And	63.20	93.05	29.85	49.7
Including	63.70	64.75	1.05	56.1
Including	65.75	66.95	1.20	19.6
Including	67.55	68.55	1.00	31.9
Including	73.10	77.45	4.35	183
Including	78.85	80.35	1.50	31.1
Including	83.75	84.55	0.80	14.7
Including	85.55	86.40	0.85	25.5
Including	90.10	93.05	2.95	158

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)
NFGC-22-960	25.35	35.25	9.90	2.08
And	40.40	44.20	3.80	1.46
And	49.90	55.15	5.25	2.14
And	74.80	78.00	3.20	1.63
And	113.00	115.00	2.00	1.04
And	145.00	177.00	32.00	42.6
Including	151.35	152.30	0.95	14.1
Including	156.65	157.55	0.90	86.6
Including	159.40	161.30	1.90	24.1
Including	162.05	162.95	0.90	29.7
Including	163.75	164.35	0.60	24.5
Including	165.70	167.00	1.30	16.3
Including	170.50	173.10	2.60	122
Including	173.70	177.00	3.30	242

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)
NFGC-21-241	123.65	126.20	2.55	1.12
And	207.85	213.10	5.25	430
Including	207.85	211.35	3.50	644

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)
NFGC-21-201	196.65	208.15	11.5	150
Including	197.25	198.85	1.60	30.2
Including	205.00	207.45	2.45	683
And	210.00	214.00	4.00	1.83

Golden Opportunities
Ahead

Advancing the Queensway Gold Project

About Us

New Found Gold Corp.

Key Advancements

Upcoming Milestones

~ $12 million in cash and marketable securities*

Drilling Highlights

Recent News

New Found Gold to Participate in Upcoming North American Conferences, Including the 4th Annual Canaccord Genuity Global Metals and Mining Conference and Grants Stock Options

New Found Gold Commences 2025 Work Program on the Queensway Gold Project

New Found Gold Continues to Expand Queensway Gold Project at Depth: 38.7 g/t Au over 6.55 m at Dome and 10.3 g/t Au over 8.20 m at Keats South Deep

New Found Gold Corp. Provides Queensway Gold Project Overview and Plans; Files Technical Report

New Found Gold Corp. Adds US$2M to Treasury: Sale of Third Party Secured Notes

New Found Gold Corp. Announces Initial Mineral Resource Estimate

New Found Gold Corp. Files 2024 Year-End Disclosure Documents

New Found Gold Strengthens Board of Directors

Subscribe and be first to receive our news!

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)
NFGC-21-182	285.85	321.25	35.40	106
Including	291.00	316.60	25.60	146
Including	291.00	292.00	1.00	10.2
Including	296.45	298.45	2.00	748
Including	302.00	312.00	10.00	219
Including	315.00	316.00	1.00	15.9
And	345.00	361.90	16.90	1.07
Including	357.40	358.15	0.75	10.2

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)
NFGC 20-59	38.65	43.30	4.65	131
And	60.55	64.80	4.25	1.10
And	67.55	69.60	2.05	1.00
And	71.75	89.45	17.70	124
And	94.80	97.55	2.75	1.68

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)
NFGC-21-137	71.50	78.70	7.20	261
And	87.50	92.50	5.00	4.13
And	114.00	116.00	2.00	1.56
And	135.00	137.00	2.00	3.45

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)
NFGC-21-122	8.10	10.00	1.90	24.8
And	25.00	27.00	2.00	1.97
And	34.70	49.60	14.90	69.2
Including	34.70	43.85	9.15	106

Golden Opportunities Ahead

Advancing the Queensway Gold Project

About Us

New Found Gold Corp.

Key Advancements

Upcoming Milestones

~ $12 million in cash and marketable securities*

Drilling Highlights

Recent News

New Found Gold to Participate in Upcoming North American Conferences, Including the 4th Annual Canaccord Genuity Global Metals and Mining Conference and Grants Stock Options

New Found Gold Commences 2025 Work Program on the Queensway Gold Project

New Found Gold Continues to Expand Queensway Gold Project at Depth: 38.7 g/t Au over 6.55 m at Dome and 10.3 g/t Au over 8.20 m at Keats South Deep

New Found Gold Corp. Provides Queensway Gold Project Overview and Plans; Files Technical Report

New Found Gold Corp. Adds US$2M to Treasury: Sale of Third Party Secured Notes

New Found Gold Corp. Announces Initial Mineral Resource Estimate

New Found Gold Corp. Files 2024 Year-End Disclosure Documents

New Found Gold Strengthens Board of Directors

Subscribe and be first to receive our news!

Golden Opportunities
Ahead