VANCOUVER, BC, Nov. 15, 2024 /PRNewswire/ – New Discovered Gold Corp. (“New Found” or the “Company“) (TSXV: NFG) (NYSE-A: NFGC) is happy to announce that the Firm has filed a Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101“) technical report for New Discovered’s 100% owned Queensway Challenge, entitled “NI 43-101 Technical Report, New Discovered Gold Corp.‘s Queensway Gold Challenge in Newfoundland and Labrador, Canada: 2024 Property Enlargement and Exploration Replace”, with an efficient date of November 1, 2024 (the “Technical Report“). The aim of the Technical Report is to supply an replace on the Queensway Challenge expanded land place, together with the Firm’s acquisition of the Kingsway Property (as outlined beneath), and new exploration actions. The Technical Report is on the market underneath the Firm’s SEDAR+ profile at www.sedarplus.ca.
The Technical Report was ready by D. Roy Eccles, M.Sc., P. Geol. P Geo. of APEX Geoscience Ltd., Mark Okay. Jorgensen, B.Sc., QP Metallurgy of Jorgensen Engineering and Technical Providers, LLC and Gary Simmons, B.Sc., QP Metallurgy of GL Simmons Consulting, LLC, every a “Qualified Person” as outlined underneath NI 43-101 and impartial of New Discovered.
The Technical Report offers an replace on New Discovered’s exploration actions on the Queensway Challenge because the Firm’s earlier technical report, which had an efficient date of April 18, 2024. Since that point, New Discovered has 1) acquired 100% curiosity in Labrador Gold Corp.’s Kingsway Challenge together with 4 licences (311 claims) (the “Kingsway Property“), 2) acquired 100% curiosity in three licences (54 claims) from Sky Gold Corp., and three) accomplished new diamond drilling on the Massive Vein, Dome, Dropkick, Everest, Golden Dome, Golden Glove, Golden Joint, Inexperienced Mantle, Honey Pot, Iceberg, Iceberg Alley, Jackpot, Keats South and West, Knobby, Lotto North, Monte Carlo, Pistachio, Pristine, and Highway gold prospects.
Certified Particular person
The scientific and technical info disclosed on this press launch was reviewed and permitted by Greg Matheson, P. Geo., Chief Working Officer, and a Certified Particular person as outlined underneath NI 43-101. Greg Matheson consents to the publication of this press launch dated November 15, 2024, by New Discovered. Greg Matheson certifies that this press launch pretty and precisely represents the scientific and technical info that varieties the premise for this press launch.
About New Discovered Gold Corp.
New Discovered holds a 100% curiosity within the Queensway Challenge, positioned 15km west of Gander, Newfoundland and Labrador, and simply 18km from Gander Worldwide Airport. The undertaking is intersected by the Trans-Canada Freeway and has logging roads crosscutting the undertaking, excessive voltage electrical energy traces working by the undertaking space, and quick access to a extremely expert workforce. The Firm is presently endeavor a 650,000m drill program at Queensway and is effectively funded for this program with money and marketable securities of roughly $35 million as of November 2024.
Please see the Firm’s web site at www.newfoundgold.ca and the Firm’s SEDAR+ profile at www.sedarplus.ca.
Contact
To contact the Firm, please go to the Firm’s web site, www.newfoundgold.ca and make your request by our investor inquiry kind. Our administration has a pledge to be in contact with any investor inquiries inside 24 hours.
New Discovered Gold Corp.
Per: “Collin Kettell”Collin Kettell, Chief Govt Officer
E-mail: ckettell@newfoundgold.ca
Cellphone: +1 (845) 535-1486
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
Ahead-Wanting Assertion Cautions
This press launch accommodates sure “forward-looking statements” inside the that means of Canadian and U.S. securities laws (together with the Personal Securities Litigation Reform Act of 1995), referring to exploration, drilling and mineralization on the Firm’s Queensway Gold Challenge in Newfoundland and Labrador for the long run; and the deserves of the Queensway Challenge. Though the Firm believes that such statements are affordable, it can provide no assurance that such expectations will show to be right. Ahead-looking statements are statements that aren’t historic info; they’re usually, however not at all times, recognized by the phrases “expects”, “plans”, “anticipates”, “believes”, “interpreted”, “intends”, “estimates”, “projects”, “aims”, “suggests”, “often”, “target”, “future”, “likely”, “pending”, “potential”, “goal”, “objective”, “prospective”, “possibly”, “preliminary”, and comparable expressions, or that occasions or circumstances “will”, “would”, “may”, “can”, “could” or “should” happen, or are these statements, which, by their nature, confer with future occasions. The Firm cautions that forward-looking statements are based mostly on the beliefs, estimates and opinions of the Firm’s administration on the date the statements are made, they usually contain a variety of dangers and uncertainties. Consequently, there might be no assurances that such statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements. Besides to the extent required by relevant securities legal guidelines and the insurance policies of the TSX Enterprise Trade or the NYSE American, the Firm undertakes no obligation to replace these forward-looking statements if administration’s beliefs, estimates or opinions, or different components, ought to change. Components that would trigger future outcomes to vary materially from these anticipated in these forward-looking statements embrace dangers related to potential accidents and different dangers related to mineral exploration operations, the chance that the Firm will encounter unanticipated geological components, dangers related to the interpretation of assay outcomes and the drilling program, the chance that the Firm could not have the ability to safe allowing and different governmental clearances vital to hold out the Firm’s exploration plans, the volatility of capital markets, the chance that the Firm won’t be able to lift enough funds to hold out its enterprise plans, and the chance of political uncertainties and regulatory or authorized modifications which may intervene with the Firm’s enterprise and prospects. The reader is urged to confer with the Firm’s Annual Data Type and Administration’s Dialogue and Evaluation, publicly out there by the Canadian Securities Directors’ System for Digital Doc Evaluation and Retrieval (SEDAR+) at www.sedarplus.ca or by the SEC‘s Digital Knowledge Gathering and Retrieval System (EDGAR) at www.sec.gov for a extra full dialogue of such threat components and their potential results.
