#Canada #Vancouver #New Found Gold #Golden Dome #Dome

New Found Gold Corp. Expands Discoveries at the Queensway Gold Project

New Found Gold Corp., a prominent player in the mining sector, has made headlines once more with the announcement of impressive new drill results from its wholly owned Queensway Gold Project located in Newfoundland and Labrador, Canada. The Company has revealed high-grade gold intersections from their exploration efforts at the Golden Dome and Dome zones, which are part of a robust drilling initiative aimed at expanding known resources and discovering new mineralized areas.

Significant Results from the Golden Dome Zone

The recent drilling campaign has returned remarkable results from the Golden Dome Zone. Notably, one drill hole, NFGC-24-2188, encountered a superb 148 grams per tonne (g/t) of gold over 4.1 meters, while another hole revealed 41.3 g/t Au over 2.4 meters. Furthermore, an interval of 22.4 g/t Au was recorded over 2.0 meters in drill hole NFGC-24-2199. These findings have expanded the dimensions of the Golden Dome significantly, with recent assessments indicating that it now spans an area of 170 by 140 meters and remains open along strike.

The drilling strategy has focused on extending the known discovery, which had previously shown a high-grading vein with notable returns, including 343 g/t Au over 2.15 meters in earlier holes. The continuing success at Golden Dome illustrates great potential not just for further expansion but also for delineating a multi-vein gold system in this promising geological environment.

Highlights from the Dome Zone

In addition to the breakthroughs in the Golden Dome, the Dome zone has also yielded exciting results. Drill hole NFGC-24-2227 recorded 51.2 g/t Au over 13.3 meters, which is particularly encouraging. Other significant intercepts include 9.33 g/t Au over 6.35 meters and 5.60 g/t Au over 8.90 meters from nearby holes. This series of high-grade gold intersections emerged from a step-out program designed to examine the structural depth of the existing mineralization.

The Dome structure exhibits geological characteristics similar to those of the Keats-Baseline Fault Zone, making it an excellent candidate for further exploration. It is believed to possess fault-fill quartz veins containing free coarse gold, interspersed within a complex of siltstones and sandstones. The relationship between structural integration and gold mineralization reveals the geological complexity of both zones and the opportunities that lie within.

Future Exploration Plans

Building on these promising developments, New Found Gold intends to conduct follow-up drilling at both the Golden Dome and Dome zones. The current drilling program is projected to balance the efforts between high-priority targets, such as Golden Dome and Dome, while also investigating additional near-surface prospects like the Dropkick Zone.

With plans to undertake further deep explorations — 200 meters below current testing sites at Dome and site expansions towards surface areas — the Company stands ready to advance its exploration agenda in 2025. This strategic direction emphasizes the potential discoveries that may arise from ongoing resource evaluation and methodological exploration.

Additionally, nearly 2,524 meters of drilling in five diamond drill holes was completed recently, with assay results pending. These forthcoming results will further enhance New Found's understanding of the regions' mineralization characteristics and guide future exploration initiatives.

Conclusion

The latest drill results from New Found Gold Corporation reinforce its position as a key player in gold exploration within Canada. With a commitment to advancing its Queensway Gold Project and a promising outlook on high-grade discoveries, the Company's strategic initiatives ensure that it remains at the forefront of the mining industry's exploration sector. As it continues its work, the potential for new and lucrative gold deposits keeps growing — an exciting prospect for investors, geologists, and gold enthusiasts alike.