07:21 AM EDT, 10/31/2024 (MT Newswires) -- New Found Gold Corp. ( NFGC ) , which fell 3% and nearer to 52 week lows yesterday, announced Thursday the results from 10 deep diamond drill holes including three wedge holes completed at its Queensway Project targeting depth extensions of gold mineralization along the Appleton Fault Zone in addition to eight diamond drill holes testing near surface targets adjacent to Iceberg Alley and Keats South.

Among highlights it said the new discovery was at depth with 343 G/T AU over 2.15 metres, 40.6 G/T over 2.2 metres and 9.51 G/T AU over 7.45 metres.

Thursday's statement noted New Found's 100%-owned Queensway Project comprises a 1,756 km squared area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.