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New Found Gold Announces Infill Drilling at the Monte Carlo Zone, Queensway Gold Project
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - New Found Gold Corp. (TS...
About this update from New Found Gold Corp
[{"type":"text","content":"New Found Gold Announces Infill Drilling at the Monte Carlo Zone, Queensway Gold ProjectVancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (\"New Found Gold\" or the \"Company\") is pleased to announce infill drill results from the Monte Carlo zone (\"Monte Carlo\") in the AFZ Core (\"AFZC\"), completed as part of the Company's ongoing 2025 drill program on its 100%-owned Queensway Gold Project (\"Queensway\" or the \"Project\") in Newfoundland and Labrador, Canada. Highlights include:Monte Carlo infill drill program:22.4 g/t Au1 over 4.75 m2 from 102.25 m (NFGC-25-2462)6.59 g/t Au over 12.20 m from 33.00 m (NFGC-25-2450)25.5 g/t Au over 2.70 m from 29.00 m (NFGC-25-2447)9.41 g/t Au over 7.20 m from 70.95 m (NFGC-25-2451)16.2 g/t Au over 3.20 m from 19.80 m (NFGC-25-2445)22.7 g/t Au over 2.20 m from 95.00 m (NFGC-25-2462)17.1 g/t Au over 2.75 m from 23.25 m (NFGC-25-2526)12.8 g/t Au over 3.20 m from 137.35 m (NFGC-25-2473)Melissa Render, President of New Found Gold stated: \"We are pleased to report these results from infill drilling of Phase I and II open pits at Monte Carlo. Overall, we see consistency with past drilling, indicating good continuity of gold mineralization in this proposed open pit. Select holes from 2025 drilling have returned higher grade intervals than in the initial mineral resource estimate block model. We look forward to integrating these results into the updated Queensway mineral resource currently planned for H1/26.\"\"The underground portion of Monte Carlo remains open to depth and future drill programs will focus on upgrading and expanding this zone,\" continued Ms. Render.Work SummaryThe results presented in this release include all diamond drill holes (\"DDH\") from the Monte Carlo infill drilling completed as part of the Company's 2025 drill program. This phase of work was designed to upgrade mineral resources from the inferred to the indicated category within the Phase 1 and Phase 2 open pits as outlined in the Preliminary Economic Assessment ('PEA') (see the New Found Gold news release dated July 21 2025). This press release reports results from an initial 2,306 m of drilling in 28 DDH completed in H2/25 (Figures 1 to 3). Drill highlights, detailed results and location information are provided in Tables 1 t...