Prnewswireยท2025-03-03 12:00Core 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].