New Found Gold (US:NFGC) Prnewswireยท2025-02-11 11:30Core Insights - New Found Gold Corp. has reported significant drilling results from the Dropkick Zone, indicating high-grade gold mineralization with notable intervals of 89.5 g/t Au over 5.85m and 26.15 g/t Au over 16.15m [5][4][6] - The Dropkick Zone has expanded the historic area by 75m along strike to the southwest, demonstrating the potential for further discoveries within the Queensway Project [5][4] - The company is progressing towards a maiden resource estimate and preliminary economic assessment, with results expected by early Q2 2025 [4][6] Drilling Highlights - The drilling program has revealed high-grade intervals, including 1,128 g/t Au over 0.35m and 514.09 g/t Au over 1.00m, showcasing the potential of the Dropkick Zone [5][6] - The Dropkick Zone is located 11km northeast of the primary discovery area, indicating a significant gold mineral system that extends across a considerable distance [5][4] - The current drilling results are the first from an initial phase, with follow-up expansion drilling planned due to the structure being open along strike and to depth [5][4] Project Development - The acquisition of the Kingsway property has provided access to an additional 13km of prospective strike along the AFZ, enhancing exploration opportunities [6] - The company has engaged SLR Consulting to deliver a maiden resource estimate and preliminary economic assessment, marking an important milestone for the Queensway Project [4][6] - The ongoing exploration program is focused on near-surface targets and discoveries, with a comprehensive drill program of 650,000m planned [24][6]