Northwire Canada EditionWednesday, August 12, 2026
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GRC 0.075 +7.1% FNV 334.84 −0.2% ZNG 0.830 +0.0% ITR 3.61 −2.4% AVX 0.005 −nan% ETG 2.52 −2.3% PPP 1.36 +0.0% EFF 0.025 +0.0% NVX 0.540 +25.6% NG 10.68 +0.4% ELE 27.08 +1.9% EM 3.95 −1.2% SGML 16.51 +0.1% ADZ 0.100 +0.0% AFM 1.50 −9.6% OMI 0.275 −3.5% GRC 0.075 +7.1% FNV 334.84 −0.2% ZNG 0.830 +0.0% ITR 3.61 −2.4% AVX 0.005 −nan% ETG 2.52 −2.3% PPP 1.36 +0.0% EFF 0.025 +0.0% NVX 0.540 +25.6% NG 10.68 +0.4% ELE 27.08 +1.9% EM 3.95 −1.2% SGML 16.51 +0.1% ADZ 0.100 +0.0% AFM 1.50 −9.6% OMI 0.275 −3.5%
Drill Results

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

By The Northwire Desk — AI Analysis Oct 15, 2025 · 17:01 NFG · 3.86 New Found Gold Corp.
NFG · Price

Executive Summary

  • New Found Gold reported high‑grade gold intercepts from its 2025 drill program at the Queensway Project, including a 10.4 g/t Au over 20.5 m and multiple >30 g/t Au short intervals in the Lotto zone.
  • The results support resource expansion in the Dome step‑out area and indicate progress toward converting inferred resources to indicated status in the Lotto and Lotto North zones.
  • All drill data will be incorporated into a Queensway mineral resource update slated for the first half of 2026, with the overall 70 km‑long program now >70 % complete and on schedule to finish by year‑end.

Key Details

  • Dome zone step‑out:
  • 10.4 g/t Au over 20.5 m (hole NFGC‑25‑2299)

  • 7.47 g/t Au over 13.4 m (hole NFGC‑25‑2265)

  • Lotto zone open‑pit infill:

  • 40.6 g/t Au over 2.8 m (hole NFGC‑25‑2268) – includes a 167.46 g/t Au sub‑interval (0.65 m)
  • 30.5 g/t Au over 2.05 m (hole NFGC‑25‑2263) – includes a 79.82 g/t Au sub‑interval (0.70 m)

  • 12.3 g/t Au over 2.25 m (hole NFGC‑25‑2305)

  • Lotto North zone open‑pit infill:

  • 33.8 g/t Au over 2.05 m (hole NFGC‑25‑2292) – includes a 172.85 g/t Au sub‑interval (0.40 m)
  • 13.5 g/t Au over 2.55 m (hole NFGC‑25‑2298) – includes a 49.08 g/t Au sub‑interval (0.70 m)

  • 8.26 g/t Au over 4.40 m (hole NFGC‑25‑2331)

  • Drilling coverage: 11,187 m in 79 diamond holes completed Q3 2025; 76 holes detailed in tables.

  • Resource conversion goal: Infill drilling aims to convert inferred resources to indicated status for Phase 1 open pit (complete) and ~80 % of Phase 2 open pit (remaining work scheduled for 2026).

  • Program status: The 70,000 m Queensway drill program, started May 2025, is >70 % complete; expected to finish by year‑end. Additional activities include geotechnical, condemnation, hydrogeological drilling and a surface excavation/channel‑sampling campaign (results pending).

  • Future plans: All 2025 results will feed into a mineral resource update targeted for H1 2026; further drilling in 2026 will focus on expanding the Dome high‑grade domain and completing remaining inferred‑to‑indicated conversions, including underground panels.

Notable Quotes

“These new results from our Dome step‑out program… demonstrate the potential for resource expansion within the footprint of the PEA mine plan… All results … will be incorporated into a Queensway mineral resource update currently scheduled for H1/26.” – Melissa Render, President & Qualified Person.

Read the original news release →

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