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New Found Gold Commences 2025 Work Program on the Queensway Gold Project
New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the start of the 2025 work program on the Company's 100%-owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador, Canada.
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[{"type":"text","content":"VANCOUVER, BC, May 7, 2025 /CNW/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the start of the 2025 work program on the Company's 100%-owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador, Canada.","length":340,"tagName":"p"},{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Infill drilling is underway at the Keats West ("Keats West") and Lotto ("Lotto") zones with four diamond drill rigs.","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"Two additional drills will be mobilized in June 2025 to allow for both infill and exploration drilling.","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Exploration drilling will focus on high-priority exploration targets, including the Dome ("Dome") and Dropkick ("Dropkick") zones.","length":150,"tagName":"p"}]},{"val":[{"type":"text","content":"Dewatering of the Iceberg zone ("Iceberg") excavation is underway in advance of channel sampling.","length":107,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":496,"olType":false},{"type":"text","content":"Melissa Render, President of New Found Gold, stated: "We are excited to begin our 2025 work program at Queensway. With an initial mineral resource announced in Q1/25 and a fully-funded PEA scheduled for completion later this quarter, the primary focus at Queensway has shifted to put the Company on a path towards development. Our 2025 drilling will focus first on infill of the mineral resource and then progress to target areas close to the mineral resource with potential for future resource expansion. Concurrent with drilling, we are expanding our excavation program in advance of bulk sampling planned for the first half of 2026."","length":646,"tagName":"p"},{"type":"text","content":"Diamond Drilling","length":16,"tagName":"p"},{"type":"text","content":"Drilling has commenced with four rigs at Keats West and Lotto in the AFZ Core of the Queensway mineral resource ("MRE"; see New Found Gold news release dated March 24, 2025). This infill drilling is being conducted prior to the excavation of the near-surface portions of Keats...