New Found Gold Intersects High-Grade Gold Mineralization in Dome Zone Step-Out Program: 10.4 g/t Au over 20.50m and 7.47 g/t Au over 13.40m

Core Insights - New Found Gold Corp. announced high-grade gold mineralization results from its ongoing 2025 drill program at the Queensway Gold Project in Newfoundland and Labrador, Canada [1][3] - Significant drill results include 10.4 g/t Au over 20.50 m and 7.47 g/t Au over 13.40 m from the Dome zone, indicating potential for resource expansion [7][9] - The 2025 drill program aims to convert inferred mineral resources to indicated resources, with results expected to be included in a mineral resource update scheduled for H1/26 [3][4] Drill Results Summary - The news release includes results from 11,187 m of drilling across 79 diamond drill holes completed in Q3/25, focusing on infill and exploration at the AFZ Core [4][5] - Key highlights from the Dome zone include: - 10.4 g/t Au over 20.50 m (NFGC-25-2299) - 7.47 g/t Au over 13.40 m (NFGC-25-2265) [7][9] - Lotto zone results include: - 40.6 g/t Au over 2.80 m (NFGC-25-2268) - 30.5 g/t Au over 2.05 m (NFGC-25-2263) [7] - Lotto North zone results include: - 33.8 g/t Au over 2.05 m (NFGC-25-2292) - 8.26 g/t Au over 4.40 m (NFGC-25-2331) [7] Future Plans - The 2025 Queensway drill program, which commenced in May 2025, is approximately 70% complete, with a focus on the AFZ Core area [14][15] - Infill drilling is ongoing to convert remaining inferred resources to indicated resources, with completion expected in Q4/25 [15][16] - Additional drilling in 2026 will target the expansion of the newly identified high-grade domain at the Dome zone [10][12]