New Found Gold (NFGC) Confirms Valuable Gold Zones at Keats West

New Found Gold Corp. (NYSEAMERICAN:NFGC) is one of the 13 Most Promising Gold Stocks According to Wall Street Analysts. On July 9, New Found Gold Corp. (NYSEAMERICAN:NFGC) reported the first drill results from its 2025 Work Program at the Queensway Gold Project in Newfoundland and Labrador, Canada, which is fully owned by the company.

The results confirmed the continuity of multiple domains of high-grade gold mineralization at Keats West. These domains of high-grade mineralization start at the surface and go down to about 150 meters deep. They are located close to other important zones like Iceberg and Keats in the AFZ Core area.

New Found Gold (NFGC) Confirms Valuable Gold Zones at Keats West

An aerial view of a mining site, with workers extracting gold from the deposit.

According to the report by New Found Gold Corp. (NYSEAMERICAN:NFGC), the results show that the gold deposits at Keats West are promising. The company sees potential to expand both inside and near the open pit of Keats West.

New Found Gold Corp. (NYSEAMERICAN:NFGC) plans to continue working at Keats West in the second half of 2025. This will include infill drilling targeting the other domains of lower-grade material and drilling to find new mineral areas inside the open pit.

New Found Gold Corp. (NYSEAMERICAN:NFGC) is a Canadian mineral exploration company focused on gold exploration and discovery. The company holds a 100% interest in the Queensway Gold Project.

While we acknowledge the potential of NFGC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NFGC and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 14 Best Aggressive Growth Stocks to Buy According to Analysts.

Disclosure: None. This article is originally published at Insider Monkey.