New Found Gold Grade Control Drilling Continues to Deliver At-Surface High Grade Gold over Broad Widths at Queensway:

Core Insights - New Found Gold Corp. has announced the final results of its 2025 grade control drill program at the Queensway Gold Project, highlighting high gold grades from the Keats and Iceberg zones, which are crucial for early open pit mining plans [1][2][3] Drilling Program Summary - The 2025 drill program included 74,377 meters of drilling across 614 diamond drill holes, with 75% focused on the AFZ Core to support the Phase 1 mine plan [19] - The final results include 907 meters from 32 drill holes at the Keats excavation and 2,390 meters from 40 drill holes at the Iceberg excavation [3][4] Drill Results Highlights - Significant gold intercepts from the Iceberg excavation include: - 71.8 g/t Au over 31.95 meters from 37.80 meters [8] - 76.6 g/t Au over 16.00 meters from 51.45 meters [11] - 44.4 g/t Au over 21.55 meters from 13.40 meters [11] - Notable results from the Keats excavation include: - 51.3 g/t Au over 3.40 meters from 54.60 meters [17] - 11.8 g/t Au over 9.95 meters from 13.20 meters [12] Geological Context - The Keats and Iceberg zones are part of the Keats-Baseline Fault Zone, which has a defined strike length of 1.9 kilometers and has been confirmed to extend to vertical depths of up to 1.1 kilometers [7] Future Plans - The 2026 drill program is currently underway with four drill rigs active, focusing on infill drilling for PEA Phase 2 open pit resource conversion and transitioning to underground resource conversion later in the year [20] - The company plans to expand its grade control drilling in Q2 2026, optimizing drill hole spacing and scope based on 2025 results [21]