New Found Gold (NFGC) Announces Final 2025 Infill Drilling Results at Queensway Project

New Found Gold Corp. (NYSEAMERICAN:NFGC) is one of the best Canadian gold stocks to buy right now. On May 4, New Found Gold announced final 2025 infill drilling results for its 100%-owned Queensway Gold Project in Newfoundland and Labrador. The findings confirm the continuity of gold mineralization within the AFZ Core, specifically across the Keats West, Iceberg, and Keats zones. Notable intercepts included 9.51 g/t Au over 19.85 m at Keats West and 36.1 g/t Au over 2.00 m at Keats, supporting the company’s objective to upgrade inferred mineral resources to the indicated category for its Phase 1 open pit mine plan.

Beyond infill success, step-out drilling beneath the planned Phase 2 pits identified high-grade mineralization at depth, such as 9.15 g/t Au over 7.15 m below Keats. The company also completed over 13,000 meters of pre-development drilling, covering condemnation, geotechnical, and hydrogeological studies. This data confirmed the absence of mineralization at the proposed infrastructure sites while providing feasibility-level details necessary to finalize pit designs.

New Found Gold (NFGC) Announces Final 2025 Infill Drilling Results at Queensway Project

Looking ahead to the remainder of 2026, New Found Gold Corp. (NYSEAMERICAN:NFGC)  four active rigs focused on resource conversion for the Phase 2 open pits and Phase 3 underground targets. The upcoming program will also prioritize grade-control drilling at the Iceberg and Lotto excavations and exploration at the Bullseye and Dropkick zones. An updated Technical Report and mineral resource estimate are expected to be filed in H2 2026 as the project transitions toward advanced engineering and site development.

New Found Gold Corp. (NYSEAMERICAN:NFGC), a Canadian gold producer, owns assets in Newfoundland and Labrador and holds interests in the following projects: Queensway Gold, Hammerdown Gold, Pine Cove Mill, and Nugget Pond.

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