Core Viewpoint - New Found Gold Corp. has commenced its 2025 work program at the Queensway Gold Project, focusing on development and resource expansion following an initial mineral resource announcement in Q1 2025 and a fully-funded Preliminary Economic Assessment (PEA) expected to be completed later this quarter [1][2][15]. Drilling and Excavation Activities - The company has initiated diamond drilling with four rigs at the Keats West and Lotto zones within the AFZ Core of the Queensway mineral resource, focusing on infill drilling before excavating near-surface portions [3][8]. - Following the completion of infill drilling at Keats West and Lotto, the company plans to drill priority open pits and underground portions of the mineral resource, as well as further explore the Dome and Golden Dome zones, which are located close to the initial mineral resource [4][8]. - An additional two drill rigs are scheduled to be mobilized in early June 2025 to target exploration areas 10 to 12 kilometers north of the AFZ Core, including the Dropkick zone, which has shown promising drill results [5][8]. Excavation Program - The excavation of shallow overburden at key zones in the AFZ Core has begun, with successful mapping and sampling conducted at Keats in 2023 and 2024, enhancing confidence in the geological model and grade distribution [6][8]. - The Iceberg zone has been excavated over a 220 m by 105 m area, revealing broad zones of gold-bearing quartz veins, with channel sampling expected to commence in late May 2025 [7][9]. Future Plans - The company is evaluating the potential to add more drills to expand the 2025 work program and will provide updates once the full program is finalized [10]. - Excavation of Keats West and Lotto is anticipated to be completed in Q4 2025, with channel sampling planned for Q2 2026 [9]. Investor Relations - New Found Gold has entered into an investor relations agreement with Target IR & Communications, which will provide investor relations services for a monthly fee of $8,500 for an initial term of six months [11][12].

Core Insights - New Found Gold continues to discover gold mineralization outside the initial resource at Queensway, with significant high-grade results from recent drilling [1][2][5] - The Phase I deep drilling program has successfully assessed the depth potential of the orogenic gold system at Queensway, revealing new zones over a kilometer below the surface [1][8] Drilling Results - The recent drilling program included 7,765 meters across 12 diamond drill holes, primarily targeting depth extensions at Dome and other areas [2][3] - Notable drill results include 38.7 g/t Au over 6.55 meters at Dome, and 10.3 g/t Au over 8.20 meters at Keats South Deep [5][11] - Eleven of the twelve drill holes reported were outside the initial mineral resource estimate area, indicating potential for resource expansion [2][6] Future Plans - The company is planning a 2025 drill program focusing on near-surface targets and high-priority discoveries, including Dropkick, Dome, and Golden Dome [9][30] - The completion of a preliminary economic assessment is scheduled for late Q2/25, which will further evaluate the Queensway project [30][31]

Core Insights - New Found Gold Corp. has provided an overview and plans for the Queensway Gold Project, including the filing of a technical report for the initial mineral resource estimate [1][29] - The company is advancing towards a preliminary economic assessment (PEA) scheduled for completion in late Q2/25, with a focus on exploring additional discoveries [3][29] Project Highlights - The Queensway Gold Project is located in a Tier 1 jurisdiction with favorable mining conditions, including access to infrastructure and a skilled workforce [5] - The initial mineral resource estimate includes 18.0 million tonnes grading 2.40 grams per tonne (g/t) gold, totaling 1.39 million ounces (Moz) in the indicated category, and 10.7 million tonnes grading 1.77 g/t gold, totaling 0.61 Moz in the inferred category [5][9] - High-grade veins are exposed at the surface, with 73% of the ounces contained in 24% of the tonnage within the mineral resource pit shells [5] Future Plans - A fully funded PEA is underway, with a planned release in late Q2/25 [6] - A 2025 drill campaign is being planned to start in mid Q2/25, focusing on resource conversion and exploration for additional major deposits along the 110 km strike extent of the project [6] - Bulk sampling is planned to commence in H1/26 to confirm grade continuity and validate the resource model [6] Technical Report and Resource Estimate - The technical report was prepared by SLR Consulting in accordance with Canadian standards and has been filed under the company's profile [7][29] - The current mineral resource estimate as of March 15, 2025, shows a total of 18.0 million tonnes indicated and 10.7 million tonnes inferred, with respective grades and contained metal detailed in the report [9][10] Data Verification and Quality Control - The data used in the mineral resource estimate is supported by quality assurance and quality control procedures, ensuring the reliability of the assay database [19][23] - An independent Qualified Person has reviewed the sampling, analytical methods, and QA/QC program, confirming they meet industry standards [21][25]

Core Insights - New Found Gold Corp. (NYSE: NFGC) has seen its share price decline by 70% over the past year, attracting attention in the context of gold's strong performance in turbulent markets [1] Company Analysis - NFGC is perceived as a potential value investment opportunity, particularly appealing to amateur investors seeking bargains in any market [1] - The company operates in the gold sector, which is currently experiencing heightened interest due to market volatility [1] Investment Philosophy - The investment approach emphasizes an owner-mindset, focusing on low-risk and high-uncertainty bets, while largely ignoring macroeconomic noise [1] - The investor's strategy is influenced by notable economic thinkers, suggesting a shift towards an Austrian economic perspective in future analyses [1]

Core Viewpoint - New Found Gold Corp. has successfully sold non-convertible senior secured notes of Maritime Resources Corp. for gross proceeds of US$2,000,000, which will enhance the company's treasury without diluting shareholders [1][2]. Financial Summary - The sale of the notes generated approximately CAD$2,778,000 in gross proceeds [1]. - The company had previously invested US$1,960,000 (CAD$2,638,500) in the notes, which were issued at a 2.0% original issue discount [2]. - New Found Gold has received approximately CAD$500,000 in interest income from the notes [2]. Warrant Details - The issuance of the notes included a 40% warrant coverage, resulting in the company receiving 15,324,571 warrants [3]. - Each warrant is exercisable into one common share of Maritime at a price of $0.07 per share until August 14, 2025, with an option for Maritime to extend the expiry until August 14, 2026 [3]. Project Development - New Found Gold holds a 100% interest in the Queensway Gold Project, located in Newfoundland and Labrador, which is recognized for its excellent infrastructure and skilled workforce [4]. - The company has completed an initial mineral resource estimate for the Queensway project and is currently conducting a fully funded preliminary economic assessment, expected to be completed by Q2/25 [4]. Exploration Potential - Recent drilling at the Queensway project has led to new discoveries, indicating significant district-scale potential across the 175,600-hectare area [5]. - The project covers a 110 km strike extent along two prospective fault zones, highlighting its exploration upside [5]. Management and Shareholder Base - New Found Gold has a new management team focused on growth and value creation at the Queensway project [5]. - The company has a solid shareholder base, including a 19% holding by Eric Sprott [5].

Accessibility StatementSkip Navigation Keith Boyle, CEO of New Found Gold commented: "This initial mineral resource estimate marks a pivotal moment for the Company, as it represents the first evaluation of gold mineralization at Queensway. The completion of this key step allows us to advance the Project, first with the completion of a PEA in late Q2/25 and potentially on to pre-feasibility and feasibility. While the economic evaluation is advancing, exploration of our highly prospective landholdings will co ...

New Found Gold Corp. Files 2024 Year-End Disclosure Documents EXHIBIT 99.1 Vancouver, BC, March 21, 2025 - New Found Gold Corp. ("New Found" or the "Company") (TSX-V: NFG, NYSE-A: NFGC) announces that it has filed its annual financial statements for the year ended December 31, 2024, the related Management's Discussion and Analysis, and its Annual Information Form for the year ended December 31, 2024 (together, the "2024 Annual Documents"), with Canadian securities regulators and with the U.S. Securities Exc ...

Core Viewpoint - New Found Gold Corp. has filed its annual financial statements for the year ended December 31, 2024, along with related documents with Canadian and U.S. securities regulators, highlighting the company's ongoing commitment to transparency and regulatory compliance [1][2]. Company Overview - New Found Gold Corp. holds a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized as a Tier 1 jurisdiction with strong infrastructure and a skilled workforce [3]. - The company has completed over 600,000 metres of drilling since 2020, identifying multiple near-surface, high-grade gold discoveries over a 22-kilometre strike extent, indicating significant district-scale potential across the 175,600-hectare project [4]. Future Plans - An initial mineral resource estimate and preliminary economic assessment have been commissioned, with completion expected in early and late Q2 2025, respectively, demonstrating the company's focus on growth and value creation [5]. - The company has a new management team and a solid shareholder base, including an 18% holding by Eric Sprott, which supports its strategic initiatives [5].

Core Viewpoint - New Found Gold Corp. has appointed Chad Williams to its board of directors, replacing Collin Kettell, who was instrumental in the discovery of the Queensway Gold Project [1][3]. Company Overview - New Found Gold Corp. holds a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized as a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce [4]. Management Changes - Chad Williams, the new Independent Director, is the Chairman and Founder of Red Cloud Mining Capital Inc. He has extensive experience in mining finance and management, having previously served as CEO of Victoria Gold Corp. and Head of Mining Investment Banking at Blackmont Capital Inc. [2][3]. - Paul Huet, Chairman of New Found, expressed excitement about Williams joining the Board and thanked Kettell for his significant contributions [3]. Project Development - The company has completed over 600,000 metres of drilling since 2020, outlining multiple near-surface, high-grade gold discoveries over a 22-kilometre strike extent [5]. - Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, indicating the district-scale potential of the 175,600-hectare project, which covers a 110 km strike extent along two prospective fault zones [5]. Future Plans - New Found has commissioned an initial mineral resource estimate and preliminary economic assessment, expected to be completed in early and late Q2 2025, respectively [6]. - The company has a new management team and a solid shareholder base, including an 18% holding by Eric Sprott, focusing on growth and value creation at Queensway [6].

Core Insights - New Found Gold Corp. has reported significant drilling results from the Golden Dome and Dome zones, indicating strong potential for further gold mineralization expansion [3][4][9] - The follow-up drilling program included 13,489 meters across 27 diamond drill holes, revealing high-grade gold intervals [4][11][12] Drilling Results - The highlight intervals include 148 g/t Au over 4.10m and 41.3 g/t Au over 2.40m from the Golden Dome zone, with previous discovery hole NFGC-24-2158 returning 343 g/t Au over 2.15m [9][12] - A multi-vein gold system has been defined over a 170m by 140m area, with mineralization starting at a vertical depth of 300m [9][10] Future Plans - The company plans follow-up expansion drilling at Golden Dome, as the mineralized structure remains open at depth and along strike [10][11] - Additional step-out drilling is also planned for the Dome structure to explore areas currently limited in testing [10][11] Project Overview - New Found Gold holds a 100% interest in the 175,600 hectare Queensway Gold Project, located in Newfoundland and Labrador, with a comprehensive 650,000m drill program underway [33]