UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of November 2024
Commission File Number: 001-39966
| New Found Gold Corp. |
| (Exact name of registrant as specified in its charter) |
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555 Burrard Street, P.O. Box 272
Vancouver,
British Columbia
Canada V7X 1M8 |
| (Address of principal executive office) |
Indicate by check mark whether the registrant files
or will file annual reports under cover Form 20-F or 40-F:
Form 20-F o
Form 40-F þ
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereunto duly
authorized.
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NEW FOUND GOLD CORP. |
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(Registrant) |
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| Date: |
November 6, 2024 |
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By: |
/s/ Collin Kettell |
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Collin Kettell |
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Chief Executive Officer |
EXHIBIT 99.1
NEW FOUND ANNOUNCES INITIATION OF MAIDEN RESOURCE
AND
PRELIMINARY ECONOMIC ASSESSMENT FOR THE QUEENSWAY PROJECT
Vancouver, BC, November 6, 2024 - New Found Gold Corp.
(“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce initiation of work
towards a maiden resource estimate and preliminary economic assessment (“PEA”) for the Queensway Project (“Queensway”
or the “Project”), which comprises a 1,756 km2 area, accessible via the Trans-Canada Highway, 15km
west of Gander, Newfoundland and Labrador.
Highlights:
| • | The Company has engaged SLR Consulting (“SLR”)
to deliver a maiden resource estimate and PEA, with an anticipated completion date of Q2 2025. The appointment of SLR to deliver a maiden
resource and PEA is an important milestone for the Project as it will provide the first assessment of mineral inventory and project economics,
including cash flows, NPV, IRR, and payback period. |
| • | SLR, including its Mining Advisory Group (formerly
Roscoe Postle Associates Inc.), is a leader in Mineral Resource estimation and mining project advisory with extensive experience in estimating
gold mineralized systems with recent involvement with projects on the island of Newfoundland, including producing mineral resource estimates,
mining studies and National Instrument 43-101 technical reports. SLR’s mining advisory services include geological, mining, metallurgical,
tailings, and environmental consulting. |
| • | The goals of the resource estimate and PEA are
to identify possible project development scenarios and demonstrate the financial potential for the Project. In addition, the PEA will
define work programs that will allow the Company to advance the Project. |
Ron Hampton, Chief Development Officer of New Found,
stated: “We are excited to initiate this study work that will be invaluable to defining our strategic development pathway. We
believe the resource estimate and PEA is an important step in understanding the value potential of the Project and will provide the Company
with a clear path forward to continue advancing Queensway.”
Qualified Person
The scientific and technical information disclosed
in this press release was reviewed and approved by Greg Matheson, P. Geo., Chief Operating Officer, and a Qualified Person as defined
under National Instrument 43-101. Mr. Matheson consents to the publication of this press release dated November 6, 2024, by New Found.
Mr. Matheson certifies that this press release fairly and accurately represents the scientific and technical information that forms the
basis for this press release.
About New Found Gold Corp.
New Found holds a 100% interest in the Queensway Project,
located 15km west of Gander, Newfoundland and Labrador, and just 18km from Gander International Airport. The project is intersected by
the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project
area, and easy access to a highly skilled workforce. The Company is currently undertaking a 650,000m drill program at Queensway and is
well funded for this program with cash and marketable securities of approximately $35 million as of November 2024.
Please see the Company’s website at www.newfoundgold.ca
and the Company’s SEDAR+ profile at www.sedarplus.ca.
| New Found Gold Corp. | 1 | TSX-V: NFG, NYSE-A: NFGC |
Contact
To contact the Company, please visit the Company’s
website, www.newfoundgold.ca and make your request through our investor inquiry form. Our management has a pledge to be in touch
with any investor inquiries within 24 hours.
New Found Gold Corp.
Per: “Collin Kettell”
Collin Kettell, Chief Executive Officer
Email: ckettell@newfoundgold.ca
Phone: +1 (845) 535-1486
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Forward-Looking Statement Cautions
This press release contains certain “forward-looking
statements” within the meaning of Canadian securities legislation, relating to the maiden resource estimate and PEA for the Project;
the goals and benefits of the resource estimate and PEA; the timing of the resource estimate and PEA; exploration, drilling and mineralization
on the Project; the extent of mineralization and the discovery of zones of high-grade gold mineralization; plans for future exploration
and drilling and the timing of same; the merits of the Queensway project; and funding of the drilling program. Although the Company believes
that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements
are statements that are not historical facts; they are generally, but not always, identified by the words “expects”, “plans”,
“anticipates”, “believes”, “interpreted”, “intends”, “estimates”, “projects”,
“aims”, “suggests”, “indicate”, “often”, “target”, “future”, “likely”,
“pending”, “potential”, “goal”, “objective”, “prospective”, “possibly”,
“preliminary”, and similar expressions, or that events or conditions “will”, “would”, “may”,
“can”, “could” or “should” occur, or are those statements, which, by their nature, refer to future
events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management
on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that
such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such
statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes
no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks
associated with the Company’s ability to complete the maiden resource estimate and PEA, the results and timing of the maiden mineral
resource estimate and PEA, possible accidents and other risks associated with mineral exploration operations, the risk that the Company
will encounter unanticipated geological factors, risks associated with the interpretation of exploration, drilling and assay results,
the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's
exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk
of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader
is urged to refer to the Company's Annual Information Form and Management’s discussion and Analysis, publicly available through
the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a
more complete discussion of such risk factors and their potential effects.
| New Found Gold Corp. | 2 | TSX-V: NFG, NYSE-A: NFGC |
New Found Gold (AMEX:NFGC)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
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과거 데이터 주식 차트
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