New Found Gold Corp. Strengthens Board with New Appointment of Chad Williams

New Found Gold Corp. Boosts Leadership with Chad Williams' Appointment

New Found Gold Corp., a notable player in the mining sector, has taken a significant step forward by appointing Chad Williams to its board of directors. This strategic move is intended to leverage Williams' extensive expertise in mining finance and management to enhance the company’s growth trajectory.

Chad Williams, who is also the Chairman and Founder of Red Cloud Mining Capital Inc., steps in as Collin Kettell steps aside from his position on the board. Kettell, a founding figure of New Found, has made substantial contributions to the company, particularly in the discovery of its flagship Queensway Gold Project, located in Newfoundland and Labrador.

Paul Huet, the Chairman of New Found, expressed his enthusiasm about the new appointment, stating, “We are excited to have Chad join the Board as an Independent Director. With his extensive capital markets experience and depth of knowledge of the mining industry, Chad is an excellent addition to the Board.” This sentiment underscores the strategic focus New Found is placing on enhancing its governance as it moves through its next phases of development.

Williams brings a wealth of knowledge, having previously served as the CEO of Victoria Gold Corp. and head of Mining Investment Banking at Blackmont Capital Inc. His background as a highly regarded mining analyst further adds to his qualifications, providing New Found with robust insights essential for navigating the complexities of the mineral exploration and extraction landscapes.

The timing of Williams' appointment coincides with New Found's ongoing expansion efforts at the Queensway Gold Project. The project boasts over 600,000 metres of drilling conducted since 2020, leading to multiple high-grade gold discoveries across a 22-kilometre strike length. This substantial exploration work indicates not just short-term potential but signals the vast, district-scale prospects that lie ahead within the 175,600 hectares of the project area.

Moreover, the company intends to complete an initial mineral resource estimate and a preliminary economic assessment by late Q2 2025, which could further define the economic viability of the project. New Found has positioned itself well, recently forming a strong management team and securing a solid shareholder base, bolstered by significant ownership from prominent investors like Eric Sprott.

In conclusion, the addition of Chad Williams to the board symbolizes New Found Gold Corp.'s commitment to advancing its strategic objectives and maximizing the value of the Queensway Gold Project. As the company lays down its plans for the future, stakeholders can expect a focused approach that prioritizes growth and sustainable mining practices. Interested parties can stay updated through their official website at www.newfoundgold.ca.

This new chapter for New Found Gold marks not just a change in leadership but a renewed focus on innovation and excellence in the mining industry.