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New Found Gold Continues to Confirm Continuity of At-Surface High-Grade Gold at Keats Zone, Queensway Gold Project
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - New Found Gold Corp. (TSXV: NF...
About this update from New Found Gold Corp
[{"type":"text","content":"New Found Gold Continues to Confirm Continuity of At-Surface High-Grade Gold at Keats Zone, Queensway Gold ProjectVancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (\"New Found Gold\" or the \"Company\") is pleased to announce additional results from grade control drilling at the Keats zone (\"Keats\") excavation in the AFZ Core (\"AFZC\"), completed as part of the Company's 2025 drill program on its 100%-owned Queensway Gold Project (\"Queensway\" or the \"Project\") in Newfoundland and Labrador, Canada. Keats excavation grade control drill program highlights include:508 g/t Au1 over 2.20 m2 from 16.80 m (NFGC-25-GC-024)113 g/t Au over 3.75 m from 11.90 m (NFGC-25-GC-025)9.29 g/t Au over 37.60 m from 12.00 m (NFGC-25-GC-027)27.0 g/t Au over 10.00 m from 0.00 m (NFGC-25-GC-033)31.5 g/t Au over 6.10 m from 0.60 m (NFGC-25-GC-021)17.2 g/t Au over 9.05 m from 2.70 m (NFGC-25-GC-042)24.5 g/t Au over 6.35 m from 24.65 m (NFGC-25-GC-031)7.33 g/t Au over 19.80 m from 4.70 m (NFGC-25-GC-026)3.75 g/t Au over 21.40 m from 0.10 m (NFGC-25-GC-035)Melissa Render, President of New Found Gold, stated: \"Building on the initial Keats zone grade control drill results released in late 2025, these new results continue to demonstrate the high-grade tenor of this zone. The 5 by 5 metre spaced drilling is confirming strong continuity of gold mineralization occurring at or within a few metres of surface. We look forward to updating the market with the results of the remaining 2025 grade control drilling from both Keats and the Iceberg zone when available.\" Work SummaryThe results presented in this release include 1,230 m of drilling in 36 diamond drill holes (\"DDH\") from the 2025 Keats excavation grade control drill program (\"KEGCDP\"; Figures 1 to 3). The KEGCDP was designed to improve confidence in the distribution of high-grade, near-surface gold mineralization and support mine planning as outlined in the Preliminary Economic Assessment (\"PEA\") Phase 1 open pits (see the New Found Gold press release dated July 21 2025). Drill highlights, along with detailed results for these 36 DDH, are provided in Tables 1 to 3 below.The full KEGCDP comprises 84 DDH totalling 2,773 m; a total of 1,866 m in 52 DDH, or 62% of results have been reported to date, including 36 DDH in thi...