#Canada #Vancouver #New Found Gold #Queensway Project #Keats West

New Found Gold's Significant Advances at Keats West

In a recent announcement, New Found Gold Corp., a notable player in the mining sector, revealed promising drilling results from its Keats West Zone located within the expansive Queensway Gold Project in Newfoundland and Labrador, Canada. This update comes as part of the company's ongoing commitment to explore and develop high-potential mineralization sites. The drill results signify both the high-grade nature of the gold discovered and the potential for further expansion of these valuable mineral deposits.

Drilling Program Highlights

The Keats West Zone has been the focal point of New Found Gold's exploration efforts in 2025, conducting a comprehensive drilling program that has begun to yield significant outcomes. Among the highlights of the results are:

• - 55.0 g/t Au over 35.05 m in hole NFGC-24-2254, demonstrating a robust section of mineralization.
• - Other noteworthy results include 20.7 g/t Au over 18.05 m (NFGC-24-2258) and 15.4 g/t Au over 16.70 m (NFGC-24-2260).
• - These results affirm the continuity of high-grade gold deposits within the zone and indicate areas of new gold mineralization within the projected open pit boundaries.

The drilling effort has achieved sampling across 2,691 meters, ensuring extensive coverage and an in-depth understanding of the area’s potential. Such extensive results hint at the strong presence of gold-bearing corridors prominent in the region, suggesting not only continuity but also the possibility to expand upon existing resources.

Strategic Direction Moving Forward

The Keats West area is part of a much larger strategic plan by New Found Gold to mitigate risks and enhance resource confidence through further infill drilling. Melissa Render, President of New Found Gold, expressed enthusiasm for the results, noting, "Today's results confirm continuity and the high-grade nature of gold mineralization at Keats West. We aspire to advance the project by focusing on derisking high-priority open-pit locations, specifically targeting higher-grade zones."

With these drill results validating earlier projections, the company aims to continue its work program into the second half of 2025. This will involve additional infill drilling to target lower-grade regions while searching for new mineralization zones within the open pit. Expectations are high, as any positive results could lead to expanded drilling at or even deeper into the mineral-rich area.

Continued Potential in Exploration

In addition to focusing on the Keats West Zone, exploration will also continue at other prominent sites, including Lotto and Iceberg zones. The ongoing efforts demonstrate New Found Gold's commitment to harness the untapped potential of the Queensway Gold Project. Recent digs at the Iceberg excavation are nearing completion, with results anticipated shortly. Moreover, excavation of the Lotto Zone is in progress to enhance geological modeling accuracy and assess grade continuity.

The collaboration with SLR Consulting is notable as they are responsible for the project’s initial Mineral Resource Estimate (MRE), with a preliminary economic assessment underway. These developments are seen as pivotal enhancements that could set the project on a path toward economic viability, enabling further advancements in resource management and project planning.

Conclusion

New Found Gold's recent progress at the Queensway Gold Project offers a promising outlook for stakeholders and investors alike. With their extensive drilling campaigns revealing high-grade gold mineralization and continued exploration plans aimed at sustaining momentum, the future of the Keats West Zone appears bright. As efforts expand and new discoveries are realized, New Found Gold is poised to make significant contributions to the mining landscape in Newfoundland and Labrador.