VANCOUVER, BC, Feb. 18,
2025 /PRNewswire/ - New Found Gold Corp.
("New Found" or the "Company") (TSXV: NFG) (NYSE-A:
NFGC) is pleased to announce the appointment of Dr. Fiona Childe (Ph.D., P.Geo.) as Vice President,
Communications and Corporate Development, Dr. Jared Saunders (Ph.D., CRSP, EP) as Vice
President, Sustainability, and Robert
Assabgui (P.Eng.) as Study Manager. All appointments are
effective immediately.
Keith Boyle, CEO of New Found,
stated: "On behalf of the board, I am excited to welcome Fiona
and Robert to the New Found team and congratulate Jared on his
promotion. We have a lot planned for the coming year, beginning
with the release of a maiden mineral resource estimate for the
Queensway Project in early Q2/25 and a preliminary economic
assessment later in Q2/25. Fiona, Jared and Robert will each play
an instrumental role with the Company as we achieve these and
future milestones."
"As Vice President, Communications and Corporate Development,
Fiona brings a wealth of technical and corporate knowledge to the
Company. She will leverage her extensive experience and industry
network to help grow New Found. Jared, a proud Newfoundlander, has
over a decade of experience in Newfoundland and Labrador, including as Director of Environment
and Regulatory Affairs with New Found since 2023. Jared's
background and experience make him uniquely qualified to step into
the new role of Vice President, Sustainability, a role which aligns
with our commitment to and focus on the environment and
sustainability. Robert begins at a pivotal time, as we advance
towards the release of the first economic assessment of the
Queensway Project." continued Mr. Boyle.
In addition, Greg Matheson, Chief
Operating Officer, has resigned, effective February 28, 2025. While stepping down from his
current role, Mr. Matheson will continue to support the Company as
an Advisor.
"We sincerely thank Greg for his dedication and contributions
over the past years. Greg has been instrumental in leading the
Queensway Project since 2018, playing a key role in its discovery,
advancement and success. His expertise and leadership will remain
valuable as we navigate this period, and we appreciate his
willingness to support us as an advisor, ensuring a smooth
transition," remarked Mr. Boyle.
Lastly, Ron Hampton, Chief
Development Officer, will step down effective immediately. The
Company thanks Mr. Hampton for his contributions and wishes him
well in his future endeavours.
Dr. Fiona
Childe
Vice President, Communications and
Corporate Development
Fiona Childe (Ph.D., P.Geo.) has
over 25 years' experience in the mining industry, starting as an
exploration geologist and subsequently focusing on capital markets,
corporate development and shareholders communications. Throughout
her career she has consulted to and held senior management
positions with Canadian-listed exploration, development and mining
companies, with a primary focus on gold. She has worked on projects
throughout Canada, the
Caribbean, Latin America, Africa, Asia
and Australia. She recently
consulted to Mineros S.A. through its successful IPO on the Toronto
Stock Exchange (TSX) and previously served as Vice President,
Corporate Communications at Tau Capital Corp. through the
acquisition of AfriOre Limited by Lonmin plc. She completed the
first Ph.D. in Geology with the Mineral Deposit Research Unit at
the University of British Colombia and is a P.Geo. (Ontario).
Dr. Jared
Saunders
Vice President, Sustainability
Jared Saunders (Ph.D., CRSP,
EP) has over two decades of experience in environmental sciences
and chemistry, backed by a Ph.D. in Environmental Sciences from the
Royal Military College of Canada. His
distinguished career began in the Canadian Military, providing a
strong foundation for his subsequent transition to the consulting
sector. As a Senior Environmental Scientist with a leading global
sustainable engineering, architecture and environmental consulting
firm Jared led projects in environmental risk assessment and
contaminated site management. Over a decade ago, Jared
returned to his Newfoundland and
Labrador roots and joined Vale
Newfoundland and Labrador,
managing the environmental departments for Long Harbour and Voisey's Bay. In 2023, Jared
joined New Found as Director of Environment & Regulatory
Affairs, overseeing environmental permitting, compliance, baseline
studies, and regulatory processes. Jared is dedicated to
implementing top environment, social and governance practices and
building positive and transparent relationships with team members,
local and Indigenous communities, regulators, and stakeholders.
Mr. Robert
Assabgui
Study Manager
Robert Assabgui (B.Eng., P.Eng.)
is an accomplished senior operations executive and manager with
expertise in project management and engineering within the mining
industry. He has worked in a variety of roles in engineering,
operations, project delivery and executive management. Robert
started his career at Inco Ltd. (subsequently Vale Canada Ltd.) and
progressed to the Director of Mines, accountable for six mines, the
concentrator and the Mines Technical Services Department. In 2017,
Rob joined Hudbay Minerals Inc. as Vice President of Technical
Services, and subsequently Vice President of the Manitoba Business
Unit. He successfully positioned the business unit to transition
the Snow Lake operations into a
primary gold producer, with the refurbishment and start up of the
New Britannia Gold Mill, and the closure of the Flin Flon
Operations. He was more recently Study Manager for Reunion Gold
Corporation at the Oko West Project up to its acquisition by G
Mining Ventures Corp. in 2024.
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.
Please see the Company's website at www.newfoundgold.ca and
the Company's SEDAR+ profile at www.sedarplus.ca.
Keith Boyle
Chief Executive Officer
New Found Gold Corp.
Contact
For further information on New Found, please visit the Company's
website at www.newfoundgold.ca, contact us through our investor
inquiry form at https://newfoundgold.ca/contact/ or
contact:
Fiona Childe
Vice President, Communications and Corporate Development
Email: contact@newfoundgold.ca
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 Company's plans for the coming year; the initial mineral
resource estimate and preliminary economic assessment for the
Queensway Project and the timing thereof; the benefits of the
management changes; exploration, drilling and mineralization on the
Queensway Project; plans for future exploration and drilling; and
the merits of the Queensway Project. 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", "encouraging", "pending",
"potential", "goal", "objective", "opportunity", "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 initial mineral resource estimate
and preliminary economic assessment, the results and timing of the
initial mineral resource estimate and preliminary economic
assessment, 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.
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SOURCE New Found Gold Corp.
