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New Found Gold (NFGC) Delivers High-Grade Results from 2025 Queensway Drill Program

New Found Gold Corp. (NYSEAMERICAN:NFGC) is one of the most promising Canadian stocks according to analysts.On March 1, New Found Gold Corp. released the final results from its 2025 grade control drill program at the 100%-owned Queensway Gold Project in Newfoundland and Labrador. The program focused on the Keats and Iceberg zones within the Keats-Baseline Fault Zone, delivering high-grade gold intercepts at or near the surface.

Notable results from the Iceberg excavation include 71.8 g/t Au over 31.95 meters and 76.6 g/t Au over 16.00 meters, while the Keats zone yielded 51.3 g/t Au over 3.40 meters. These findings confirm the strong continuity of mineralization. The 2025 program utilized a tight 5-meter by 5-meter drill spacing to improve confidence in gold distribution and validate initial mineral resource estimate models. In total, the company completed 2,773 meters of drilling across 84 holes at Keats and 2,390 meters across 40 holes at Iceberg.

New Found Gold Corp. (NYSEAMERICAN:NFGC) has now initiated its 2026 drill program with four active rigs, initially targeting resource conversion for the Phase 2 open pit and Phase 3 underground plans. The company intends to expand grade control drilling in Q2 2026, including new work at the Lotto excavation. Approximately 45% of the results from the 2025 drilling season remain outstanding and will be released as they become available. Additionally, the company expects to file an updated Technical Report and mineral resource estimate for the Queensway Project in Q3 2026.

New Found Gold Corp. (NYSEAMERICAN:NFGC) is a mineral exploration company that engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada.

While we acknowledge the potential of NFGC to grow, 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 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Best Canadian Stocks to Buy Under $20.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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