@newfoundgold.ca
New Found Gold Corp.
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Description
New Found Gold Corp. With a 1,662km2 area, the project is located along the Trans-Canada highway, just 15km west of Gander. The company has made significant discoveries, with 16 zones of gold mineralization identified to date along the Appleton Fault Zone (AFZ).
These discoveries contribute to the AFZ Mineralized Envelope that spans a 4. 1km long strike area, averaging 400m in width. Notable discoveries include the Keats Zone, which returned 19m of 92.
9 g/t Au, and the Lotto Zone, with a high-grade discovery hole of 41. 2 g/t Au over 4. 75m.
Other significant zones include the Golden Joint Zone, Keats West Zone, Iceberg Zone, Monte Carlo, K2, Everest, and Jackpot. These discoveries highlight the substantial potential of the Queensway project. In addition to exploration, New Found Gold Corp.
The company is well-funded, with approximately $47. 5 million in cash and marketable securities as of August 2023. With a dedicated team of experienced professionals and a commitment to excellence, New Found Gold Corp
Company Type
Privately Held
Company Size
2-10
Year Founded
2015
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