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New Found Gold Commences 2026 Queensway Drill Program; Announces K2 Zone Infill Results
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - New Found Gold Corp. (TSX...
About this update from New Found Gold Corp
[{"type":"text","content":"New Found Gold Commences 2026 Queensway Drill Program; Announces K2 Zone Infill ResultsVancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (\"New Found Gold\" or the \"Company\") is pleased to announce the 2026 drill program is underway at its 100%-owned Queensway Gold Project (\"Queensway\" or the \"Project\") in Newfoundland and Labrador, Canada and reports further results from 2025 infill drilling at the K2 zone (\"K2\") in the AFZ Core. Highlights include:5.22 g/t Au1 over 14.90 m2 from 58.45 m (NFGC-25-2547)3.42 g/t Au over 19.85 m from 100.80 m (NFGC-25-2555)5.29 g/t Au over 11.85 m from 34.00 m (NFGC-25-2535)2.75 g/t Au over 20.60 m from 108.90 m (NFGC-25-2504)8.51 g/t Au over 6.65 m from 125.45 m (NFGC-25-2555)1.71 g/t Au over 30.90 m from 116.25 m (NFGC-25-2547)2.29 g/t Au over 21.65 m from 113.80 m (NFGC-25-2556)18.9 g/t Au over 2.40 m from 79.90 m (NFGC-25-2509)2.10 g/t Au over 12.00 m from 23.50 m (NFGC-25-2596)11.5 g/t Au over 2.05 m from 120.90 m (NFGC-25-2596)1.47 g/t Au over 11.55 m from 26.30 m (NFGC-25-2544)Melissa Render, President of New Found Gold stated: \"Following a successful 2025 program, we have recommenced drilling at Queensway with four rigs currently active. The 2026 program is continuing resource conversion drilling at AFZ Core to support the mine plan laid out in our 2025 preliminary economic assessment, as well as advancing key exploration targets.\"\"The K2 infill drill results reported in this release demonstrate consistent and continuous gold mineralization, with results closely aligning with the initial mineral resource block model. We continue to intersect gold mineralization in multiple areas beyond the initial mineral resource block model; discovery of these additional mineralized zones highlights the potential for resource growth within the immediate AFZ Core area,\" continued Ms. Render.2026 Queensway Drill Program and Exploration Update Following a brief hiatus, diamond drilling has resumed with four rigs currently active and focused on infill, exploration and condemnation. Initial infill drilling includes preliminary economic assessment (\"PEA\")3 Phase 2 open pit resource conversion in K2 and the Cokes zone, with the objective of converting inferred resources to indicated. Exploration drilli...