New Found Gold Corp. (NYSEAMERICAN:NFGC) reported high-grade results from grade control drilling at the Keats zone in Newfoundland and Labrador, confirming significant gold mineralization at or near the surface. Notable intercepts include 508g/t Au over 2.20 meters and 113g/t Au over 3.75 meters, aligning with existing resource models.

The company plans to expand grade control drilling to Iceberg and Lotto excavations in the second quarter, aiming to refine the mine plan for Phase 1 open pits. New Found Gold is focused on resource conversion for Phase 2 open pits and Phase 3 underground targets, with a 2026 exploration budget.

New Found Gold Corp. (NYSEAMERICAN:NFGC) is a mineral exploration company in Newfoundland and Labrador, Canada, primarily focused on gold deposits. With a 2026 exploration budget, the company aims to release an updated Technical Report with a revised mineral resource estimate in mid-2026.

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Read more at Yahoo Finance: New Found Gold (NFGC) Confirms Near-Surface Continuity with High-Grade Keats Zone Results