New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway.

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New Found Gold Corp

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Post by knoxton Jun 30, 2021 10:01am

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Up date on news

Update: New Found Gold Up 4.8% as Details Drilling Results from Newly Discovered Zone at Queensway Project

30 Jun 202109:40 ET

09:40 AM EDT, 06/30/2021 (MT Newswires) -- New Found Gold (NFG.TO) rose 4.85% in early Wednesday trading as it announced assay results from four holes drilled at a newly discovered zone at its Queensway Project in Newfoundland.

The company intersected 5.25 meters grading 430.17 g/t gold at the Golden Joint zone in hole NFGC-21-241 and 10.36 g/t gold at 4.85 meters in hole NFGC-21-171.

The holes form part of the company's ongoing 200,000-meter diamond drill program at Queensway. Two drill rigs are currently operating at Golden Joint, focused on stepping out from NFGC-21-241.

Price: 11.89, Change: +0.55, Percent Change: +4.85

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