Canada’s Newest

At the Center of the Newfoundland Gold Rush

650,000m drill
campaign underway
~ $54 million in
cash and marketable securities*
Supportive Large
Strategic Shareholders

*As of July 2024.

About Us

New Found Gold Corp.

New Found Gold is advancing its 100% owned 1,662km2 Queensway gold project, located on the Trans-Canada highway 15km west of Gander, Newfoundland. A 650,000m drill campaign is underway. Drilling is focused on a 9.5km corridor along the Appleton fault and a 12.4km corridor along the JBP fault.

Multiple high-grade targets

16 zones and counting – New Found has made several high-grade gold discoveries along the Appleton Fault Zone. This mineralized envelope now covers an area spanning 4.1km in strike length by 400m wide. The Company is aggressively drilling at Queensway North to further unlock discovery potential, while work is also underway to define additional drill targets on approximately 70km of prospective strike along the Appleton and JBP fault structures on the southern portion of the Queensway property.

~ $54 million in cash and marketable securities*

New Found is well funded to pursue its exploration programs.

*As of July 2024.

Drilling Highlights

Zone Date
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.

Recent News

Subscribe and be first to receive our news!