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New Found Gold expands fully funded $44 million Queensway work program, plans 90,000 meters of drilling in 2026

PUBT·06/02/2026 10:59:55
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New Found Gold expands fully funded $44 million Queensway work program, plans 90,000 meters of drilling in 2026
  • New Found Gold expanded a fully funded 2026 work program at its 100%-owned Queensway Gold Project in Newfoundland and Labrador.
  • Program budget set at $44 million; drilling plan totals 90,000 meters using six diamond drill rigs from mid-June.
  • Drilling split targets discovery and resource growth at AFZ Core depth extensions, AFZ Peripheral step-outs, regional targets.
  • Remaining drilling supports development work, including resource conversion, grade control, geotechnical and hydrogeological drilling tied to mine planning.
  • Company reported 32,000 meters drilled so far; Queensway development timeline targets first ore processed in late 2027.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Found Gold Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202606020658NEWSFILECNPR____20260602_299741_1) on June 02, 2026, and is solely responsible for the information contained therein.