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New Found Gold (TSXV:NFG) - Fully Funded Drill Program for 2026 Analytics Table

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About New Found Gold (TSXV:NFG) - Fully Funded Drill Program for 2026

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Interview with Melissa Render, President of New Found Gold Our previous interview: https://www.cruxinvestor.com/posts/new-found-gold-locks-in-220m-to-fast-track-queensway-toward-2027-production Recording date: 4th June 2026 New Found Gold is advancing its 100%-owned Queensway Gold Project in central Newfoundland through a fully funded $44 million, 90,000-metre drill program in 2026. The project hosts a NI 43-101 resource of 1.39 million ounces of indicated gold at 2.40 g/t and 0.608 million ounces of inferred gold at 1.77 g/t, with first ore to mill targeted for Q4 2027 and commercial production in 2028. Phase 1 is designed to process 700 tonnes per day at grades of 10 to 12 g/t through the existing permitted Pine Cove Mill, at a life-of-mine AISC of US$1,256 per ounce. The 2026 program is split roughly 50/50 between project-focused drilling, converting inferred resources to indicated and advancing grade control at Keats and Iceberg, and exploration targeting new discoveries and resource growth. The Dropkick zone, located 11 kilometres along strike from the AFZ Core, has returned intercepts of up to 42.79 g/t Au over 14.95 metres and will be included in an upcoming resource update for the first time, representing a material addition catalyst. The geological system remains open at depth and along strike across a 110-kilometre land package, the majority of which has seen limited systematic drilling to date. — Learn more: https://cruxinvestor.com/companies/new-found-gold Sign up for Crux Investor: https://cruxinvestor.com

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