Core 07

Why Invest in New Found Gold

1 Source: Fraser Institute 2025 Annual Survey of Mining Companies

Queensway’s Potential Development Schedule:

  • Geology
    • Infill drilling to upgrade and add to the initial MRE
    • Definition drilling of the high-grade zones
    • Regional exploration focused on the next major deposit
    • At-surface high-grade excavation and channel sampling
  • Engineering
    • Ongoing metallurgical testing programs
    • Geo-metallurgical modelling of the refractory gold distribution
    • Geotechnical and condemnation drilling and evalution
    • Phase 1 tradeoff studies and detail engineering
  • Environmental
    • Complete the baseline studies
    • Preparation of project description and submission of EA application
    • Continued engagement with communities and government
  1. Source: The news release titled “New Found Gold Announces Preliminary Economic Assessment for the Queensway Gold Project” dated July 21, 2025.
  2. Please refer to the New Found Gold disclaimer page.
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