07:48 AM EST, 02/24/2025 (MT Newswires) -- New Found Gold ( NFGC ) traded 3.9% lower at last look on Monday in NYSE American trading after it reported the latest drill results from its Queensway gold project in Newfoundland and Labrador.

Results from the Golden Dome zone include 148 grams per tonne (g/t) gold over 4.10 meters, and 41.3 g/t gold over 2.40 meters. Highlights from the Dome Zone include 51.2 g/t gold over 13.30 meters and 9.33 g/t gold over 6.35 meters.

"These results indicate excellent potential for further expansion of this recent discovery, located between the Lotto and Dome zones and along the highly prospective Appleton Fault Zone," said Melissa Render, president of New Found Gold ( NFGC ). "With recent success at Golden Dome, further drilling at the nearby Dome structure was a priority and has delivered strong results we can build on. Ongoing discoveries like Golden Dome and Dome demonstrate there are still many gaps in highly prospective areas within 200m of surface that warrant additional drill testing."