New Found Gold (US:NFGC) Newsfileยท2025-10-30 10:58Core Insights - New Found Gold Corp. has announced significant drill results from the Dropkick zone at its Queensway Gold Project, indicating high-grade mineralization and an expanded strike length of 815 meters [1][3][21] - The ongoing exploration drilling program aims to further expand the mineralized footprint, with initial results confirming high-grade gold presence [3][10][21] Drill Results - The latest drilling results include notable intercepts such as 29.2 g/t Au over 9.25 m and 20.9 g/t Au over 11.10 m, showcasing the potential of the Dropkick zone [8][25] - A total of 9,477 meters of drilling across 30 diamond drill holes were completed, with results indicating high-grade mineralization extending to a depth of 285 meters [6][9][21] Exploration Strategy - The exploration focus is on expanding the Dropkick zone along strike and depth, with additional drilling planned to test the extent of high-grade mineralization [10][21][22] - The 2025 drill program encompasses 70,000 meters, with approximately 80% dedicated to the AFZ Core area and 20% to other exploration targets [21][22] Future Plans - Infill drilling is ongoing to convert resources from inferred to indicated status, with completion expected in Q4/25 [22] - An excavation program is underway to validate the geological model and collect detailed analytical information across key zones, with results anticipated soon [23][22] Company Overview - New Found Gold holds a 100% interest in the Queensway Gold Project, located in Newfoundland and Labrador, a region known for its excellent infrastructure and skilled workforce [44][46] - The company has a solid shareholder base, including significant holdings by Eric Sprott, and is focused on growth and value creation [47]