Friday, May 30, 2025

Latest

New Found Gold Discovers Additional Gold Zone Following Sampling At Queensway

It appears that New Found Gold’s (TSXV: NFG) Queensway property in Newfoundland is simply swimming in gold. The company this morning announced that it has found yet another gold mineralization zone on the property.

The latest showing discovered, referred to as “Big Dave,” is located two kilometres north of the Lotto zone, and four kilometres north of Keats. The showing was discovered following field sampling that occurred in the area.

The new area was discovered via two field samples, which measured 1,131.2 g/t gold and 568.2 g/t gold, with the samples being the most northern mineralization found to date, and the first surface samples from this region of the Queensway property. The zone is also along the Appleton Fault, and shares a similar stratigraphic location as that of Keats and Lotto.

Drilling is now planned for the region in the fourth quarter, under the currently ongoing drill program.

New Found Gold last traded at $7.12 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Central Banks Are Loading Up On Gold Reserves While Canada Has None

Central bankers in charge of trillions of dollars in foreign exchange reserves are stockpiling gold...

Monday, April 24, 2023, 03:00:23 PM

Osisko Gold Completes $100 Million Bought Deal For Spin Out

Osisko Gold Royalties (TSX: OR) this morning announced in conjunction with Barolo Ventures (TSXV: BVC)...

Thursday, October 29, 2020, 11:17:54 AM

Rick Rule: Gold Market Leadership Starts At The Top – The Daily Dive

Starting off the trading week on the Daily Dive is that of Rick Rule, senior...

Tuesday, February 16, 2021, 01:30:00 PM

Lincoln Gold Announces $750,000 Financing

Lincoln Gold Mining Inc. (TSXV: LMG) today announced a non-brokered private placement offering of up...

Wednesday, June 16, 2021, 09:52:00 AM

Spotlight Series: Will Randall of Freeman Gold Corp

Freeman Gold (CSE: FMAN) is the focal point in the latest edition of The Deep...

Wednesday, June 17, 2020, 04:30:00 PM