Past year: ▼ 27%(1.36 – 2.97 USD)
Each one in plain English, with the numbers worked through for a shareholder.
1 Nov 2024well test result▲ Good
Second-round metallurgical testing on Iceberg and Iceberg East averaged 96.9% gold recovery across 46 composites, at the top of the 90.1% to 96.7% range the Keats Main, Golden Joint and Lotto samples gave in April. Keats West testing was next.
31 Oct 2024drilling result▲ GoodMajor
Deep drilling found a new zone about 490 metres downhole, Golden Dome: 343 g/t gold over 2.15m, 40.6 g/t over 2.20m and 9.51 g/t over 7.45m in NFGC-24-2158. Wedge holes also carried Keats South mineralisation to 850 and 990 metres downhole, at 23.31 g/t over 2.20m and 1.97 g/t over 7.20m.
24 Oct 2024drilling result▲ GoodMajor
First six holes into the newly bought Kingsway ground hit a zone the company named Pistachio: 104.62 g/t gold over 2.10m and 10.36 g/t over 4.45m in NFGC-24-2153. Twenty-nine further holes at Honeypot, Jackpot and Everest returned 36.7 g/t over 2m at Jackpot and 5.20 g/t over 6.15m at Honeypot.
23 Oct 2024regulatory community update● Neutral
A second amended routine notice moves the annual general meeting again, to 17 December 2024 (from 19 December); the record date remains 18 October 2024. No other substance.
21 Oct 2024regulatory community update● Neutral
Amended routine notice moving the annual general meeting from 12 December to 19 December 2024; the record date stays 18 October 2024. No other substance.
15 Oct 2024asset acquisition disposition▲ Good
Exercised the option taken in July and bought the remaining 1% net smelter royalty over Golden Bullet for C$1.0 million cash, leaving a royalty burden of 0% to 0.4% over the key zones along a 5km stretch of the Appleton Fault north corridor.
23 Sept 2024drilling result▲ GoodMajor
First channel samples from the Keats trench confirmed the high grade continues right at surface: 300 g/t gold over 5.1 metres and 215 g/t over 5.2 metres per the company's headline, with KM-24-01-12 returning 214.97 g/t over 5.21m and KM-24-01-16 10.38 g/t over 13.70m. This is the same rock the drill had been intersecting, now exposed and sampled directly.
23 Sept 2024regulatory community update● Neutral
Routine notice to regulators that the annual general meeting is set for 12 December 2024 in Vancouver, with a record date of 18 October 2024. It contains no operating or financial information.
31 July 2024asset acquisition disposition▲ Good
Bought back 0.6% of a 1.6% net smelter royalty over the Golden Bullet ground - a royalty the company itself granted in a 2016 option agreement - from three arm's-length holders for C$1.95 million cash and 300,000 shares, and took an option to buy the remaining 1% for C$1.0 million by 12 November 2024.
11 July 2024drilling result▲ GoodMajor
The first eleven deep holes confirmed high-grade gold at 820 metres depth, doubling the known vertical extent of the Queensway system, and cut nine new zones spread over 3km of strike on both sides of the Appleton Fault, with single assays to 42.0 and 57.1 g/t gold.
9 July 2024asset acquisition disposition▲ GoodMajor
Closed the Kingsway purchase from Labrador Gold, issuing 5,263,157 shares. Cash and marketable securities stood at about C$54 million, against the roughly C$150 million of working capital the company cited in October 2021.
3 July 2024drilling progress report● Neutral
Started stripping 1 to 12 metres of overburden off the Iceberg zone to expose 220 metres of strike over a 105-metre width, giving 8 to 10 weeks of excavation and then mapping. The point is to check the geological model built from drilling against the rock itself.
11 June 2024drilling progress report● Neutral
The deep drilling program launched off the seismic survey had reached 10,345 metres in 12 holes of 550 to 1,230 metres, testing depth extensions at Jackpot, Lotto, K2 and Iceberg; all results were still pending. Devico was hired to provide directional drilling so existing holes could be wedged rather than re-collared.
7 June 2024drilling progress report● Neutral
Filed an updated NI 43-101 technical report on Queensway by APEX Geoscience, effective 18 April 2024, covering exploration and metallurgy. It contains no mineral resource estimate - the company only commissioned its first one in November 2024.
6 June 2024material agreement▲ GoodMajor
Settled the Ontario lawsuit brought by ThreeD Capital and 1313366 Ontario against the company, Palisades Goldcorp and founder Collin Kettell, which had been set for trial in January 2025. The plaintiffs receive 3.75 million New Found shares, of which Palisades transfers 3,380,000 it already holds and New Found issues only 370,000 new ones, with no admission of liability.
22 Apr 2024asset acquisition disposition▲ GoodMajor
Agreed to buy Labrador Gold's Kingsway project, which adjoins Queensway to the north on the same Appleton Fault trend, for C$20 million payable entirely in New Found shares. No cash leaves the company.
17 Apr 2024drilling result▲ Good
Eighty-five holes across a 3km corridor from Golden Joint to Everest on the east side of the Appleton Fault returned 43.11 g/t gold over 2.00m at Jackpot (NFGC-23-1418) and, per the company's headline, 14.8 g/t over 5m at Honeypot; Everest gave a weaker 1.24 g/t over 13.75m.
10 Apr 2024drilling result▲ Good
Fifty-one holes at the K2 zone, 2.2km north of Keats West, returned 17.8 g/t gold over 13.5m, 27.68 g/t over 2.70m in NFGC-23-1647 and a broad 1.23 g/t over 47.2m, with several stacked intervals in single holes.
3 Apr 2024well test result▲ GoodMajor
First metallurgical testwork recovered 90% to 96% of the gold from 116 composite samples spanning the Keats Main, Golden Joint and Lotto zones, using gravity separation plus carbon-in-leach on the tails. Phase II testing on Iceberg and Iceberg East was already under way.
26 Mar 2024drilling result▲ GoodMajor
Thirty-eight holes expanded Iceberg Alley, a zone 1 km along strike from Iceberg, with 187 g/t gold over 2.55 metres in NFGC-23-1941 (including 632 g/t over 0.75m) and 28.95 g/t over 2.50m; a further 114 holes traced the Keats-Baseline Fault where it runs under South Hermans Pond.
13 Mar 2024drilling result▲ GoodMajor
Sixty-one holes at Iceberg and Iceberg East, 300m northeast of Keats, returned 36 g/t gold over 16.7m, 34 g/t over 14.7m, 43 g/t over 7.35m and 41 g/t over 5.85m. The program aimed to infill gaps, extend high grade to surface and test opposing vein orientations.
4 Mar 2024drilling progress report▲ GoodMajor
A HiSeis seismic survey over a 47 km2 core of Queensway North imaged structures down to 2.5 km that line up with the known gold-bearing faults, and picked out a previously unidentified fault about 500m east of the Appleton Fault. On the strength of it the company began deep drilling.
29 Feb 2024drilling result▲ GoodMajor
Ninety-seven holes around Monte Carlo, 800m southwest of K2, turned up a new zone the company named Vegas: 35.2 g/t gold over 16.85 metres in NFGC-23-1848, including a 0.30m sample at 1,910 g/t. Monte Carlo itself gave 25.77 g/t over 2.00m and 10.57 g/t over 3.25m.
22 Feb 2024drilling result▲ GoodMajor
Forty-six holes on the west side of the Appleton Fault returned wide, moderate-grade intervals at Keats West - 3.20 g/t gold over 43.8 metres in NFGC-23-1708, 4.28 g/t over 16.25m in NFGC-23-1144, 2.97 g/t over 23.0m in NFGC-23-1713 - a different shape of target from the narrow, very high-grade intercepts previously reported at Keats itself, and defined a new gold domain at the Cokes zone.
14 Feb 2024drilling result▲ Good
Nineteen holes at Iceberg East were reported, led by 7.56 g/t gold over 13.35m (NFGC-23-1235) and 15.38 g/t over 5.05m (NFGC-23-1608). The company says the near-surface high-grade Iceberg-Iceberg East segment is now 655m, up 85m from the 570m reported in 2023, and with the 400m Keats Main segment the high-grade corridor covers over 1km. The wider Keats-Baseline Fault Zone is still drill-defined over 1.9km. The company calls the first phase of near-surface drilling at Iceberg East complete and says deeper drilling will use the recently acquired seismic data, which resolves the earlier thread about seismic guiding deeper work only in that it is now to be used (no seismic results are given here). About 3,000m of core is pending assay in the 650,000m program. The headline's '56 g/t' is a truncation of 7.56 g/t.
31 Jan 2024drilling result▲ Good
Twenty-nine holes at K2 (725m north of Lotto, first reported 10 May 2023) were reported, led by 27.49 g/t gold over 7.00m (NFGC-23-1729) and 8.69 g/t over 12.25m (NFGC-23-1786), both 22-43m from surface and close to true width. This builds on the 3.23 g/t over 5.60m K2 interval from 5 Sep 2023. The company says K2 now spans 490m long by 395m wide, is drill-defined to 250m vertical depth and remains open below that. Highlights are near surface (above 65m). The headline's '5 g/t' is a truncation of 27.5 g/t. No resource or economic evaluation is stated in the visible text (the filing is truncated).
10 Jan 2024drilling result▲ GoodMajor
Sixteen holes at the new Honeypot discovery, 230m north of Jackpot and 1.3km north of Lotto, returned 26.35 g/t gold over 7.65m (NFGC-23-1810) and 23.05 g/t over 5.25m (NFGC-23-1931). The fault was drill-defined over 280m of strike and 190m depth. The drill program was now cited as 650,000m, with cash of about $57.3 million.
31 Oct 2023capital raising announcement● NeutralMajor
New Found agreed a bought deal with underwriters led by BMO Capital Markets and Canaccord Genuity for 7,725,000 charity flow-through shares at C$7.25, about C$56 million gross, with a 15% underwriters' option. Proceeds fund Queensway exploration and drilling, and closing was expected around 6 November 2023.
25 Oct 2023drilling result▲ Good
Twenty-three more Iceberg and Iceberg East holes were reported, led by 14.00 g/t gold over 9.05m (NFGC-23-1088, 23m from surface, 16m up-dip of the 5 June 105 g/t over 27.05m hole), 32.37 g/t over 2.55m and 6.65 g/t over 10.10m, all at 23-65m vertical depth. The company restates the 570m near-surface high-grade segment, the nearly 1km high-grade corridor with Keats Main and the 1.9km drill-defined corridor, so the zone is not lengthened. Step-out drilling east of the Road Zone is under way and deeper drilling awaits the 3D seismic. Many holes had no significant values. About 32,000m of core is pending assay and the company states there is no resource or economic evaluation. The headline's '55m' is a truncation of 10.10m/other figures.
23 Oct 2023drilling result▲ Good
Thirty-seven holes at Golden Joint, 1km north of Keats, were reported, led by 66.16 g/t gold over 2.65m (NFGC-23-1482, about 14m below surface), 24.01 g/t over 2.10m in the same hole, and 16.54 g/t over 7.40m (NFGC-23-1535). Using a barge-supported drill, the company says it filled a previously unreachable 100m vertical gap, so Golden Joint is now drill-defined from surface to 385m vertical depth over 250m of strike. The shallow infill program is complete with several assays pending; further drilling at depth is planned after the 3D seismic results. Many holes had no significant values or only low grades. About 32,000m of core is pending assay and the company states there is no resource or economic evaluation. The headline's '5 g/t' is a truncation; the text gives 67.5 g/t over 2.65m in NFGC-23-1585 (the headline's first figure).
