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New Found Gold Intersects High-Grade Gold Mineralization in Dome Zone Step-Out Program: 10.4 g/t Au over 20.50m and 7.47 g/t Au over 13.40m
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - New Found Gold Corp. (TSX...
About this update from New Found Gold Corp
[{"type":"text","content":"New Found Gold Intersects High-Grade Gold Mineralization in Dome Zone Step-Out Program: 10.4 g/t Au over 20.50m and 7.47 g/t Au over 13.40mVancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (\"New Found Gold\" or the \"Company\") is pleased to announce new drill results from 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:Dome zone (\"Dome\") step-out program:10.4 g/t Au1 over 20.50 m2 (NFGC-25-2299)7.47 g/t Au over 13.40 m (NFGC-25-2265)Lotto zone (\"Lotto\") open pit infill program:40.6 g/t Au over 2.80 m (NFGC-25-2268)30.5 g/t Au over 2.05 m (NFGC-25-2263)12.3 g/t Au over 2.25 m (NFGC-25-2305)Lotto North zone (\"Lotto North\") open pit infill program:33.8 g/t Au over 2.05 m (NFGC-25-2292)8.26 g/t Au over 4.40 m (NFGC-25-2331)13.5 g/t Au over 2.55 m (NFGC-25-2298)Melissa Render, President of New Found Gold, stated: \"These new results from our Dome step-out program, where we have hit high-grade gold mineralization over broad widths, demonstrate the potential for resource expansion within the footprint of the PEA mine plan in the AFZ Core at Queensway. The infill results from Lotto and Lotto North reported today focus on resource conversion and are consistent with past results. All results from the 2025 drill program will be incorporated into a Queensway mineral resource update currently scheduled for H1/26.\"Results SummaryThis news release includes results from 11,187 m of drilling in 79 diamond drill holes (\"DDH\") completed in Q3/25 as part of an infill and exploration program at AFZ Core (Tables 1 to 3). The results reported herein include step-out drilling at Dome targeting new high-grade mineralization discovered in Q4/25 at depth below the Preliminary Economic Assessment (\"PEA\") pit shell (see the New Found Gold news releases dated February 24, 2025 and April 29, 2025), as well as infill drilling of the Lotto and Lotto North PEA pit shell (Figure 1). The objective of the Lotto and Lotto North drilling is to convert inferred mineral resources to the indicated category included in the Phase 1 Queensway PEA mine plan (see the New Found Gold news release dated July 21, 2025).Drill highlights, along with deta...