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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Next 15 Group Plc | LSE:NFG | London | Ordinary Share | GB0030026057 | ORD 2.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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| 5.50 | 1.83% | 306.50 | 32,016 | 09:35:41 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 304.50 | 307.00 | 308.50 | 303.00 | 307.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Public Relations Services | 729.81M | 39.47M | 0.3910 | 7.79 | 303.78M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:32:43 | AT | 210 | 306.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 15/4/2025 | 14:29 | ALNC |  Next 15 keeps dividend steady but profit falls with headwinds to come |
| 26/3/2025 | 12:21 | ALNC | EXECUTIVE CHANGES: Woodbois bolsters board as tries to right ship |
| 31/1/2025 | 11:04 | ALNC | Maintel shares falter after revenue falls in year of transition |
| 30/1/2025 | 14:40 | ALNC | Next 15 "cautious" amid low profit predictions and CFO departure |
| 17/9/2024 | 10:37 | ALNC | Next 15 grows profit but Tech customer "weakness" hits hard |
| 06/9/2024 | 09:35 | ALNC | TOP NEWS: Next 15 tumbles as lowers outlook after contract not renewed |
| 27/6/2024 | 13:07 | ALNC | TAKING AIM: Next 15 should see a reversal of fortunes in second half |
| 27/6/2024 | 10:51 | ALNC | Next 15 shares fall as battles against tough macro environment |
Next 15 (NFG) Share Charts1 Year Next 15 Chart |
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1 Month Next 15 Chart |
Intraday Next 15 Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/6/2025 | 22:19 | New Found Gold (TSXV) | 42 |
| 17/4/2025 | 08:24 | Next 15 Group Plc | 105 |
| 06/7/2023 | 07:11 | Formerly Next Fifteen Communications | 11 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:32:43 | 306.50 | 210 | 643.65 | AT |
| 08:32:43 | 306.50 | 243 | 744.80 | AT |
| 08:32:27 | 307.48 | 2,500 | 7,687.00 | O |
| 08:31:04 | 307.48 | 2,500 | 7,687.00 | O |
| 08:27:56 | 308.50 | 9 | 27.77 | AT |
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Posted at 20/6/2025 09:20 by Next 15 Daily Update Next 15 Group Plc is listed in the Public Relations Services sector of the London Stock Exchange with ticker NFG. The last closing price for Next 15 was 301p.Next 15 currently has 100,924,813 shares in issue. The market capitalisation of Next 15 is £307,316,056. Next 15 has a price to earnings ratio (PE ratio) of 7.79. This morning NFG shares opened at 307p |
Posted at 03/6/2025 22:19 by stu31 New Found Gold Closes First Tranche of C$56 Million Bought Deal Financing for Gross Proceeds of C$42 Million(TSX-V: NFG | NYSE-A: NFGC) Vancouver, British Columbia, June 3, 2025 – New Found Gold Corp. (TSXV: NFG | NYSE-A: NFGC) (“New Found Gold” or the “Company” The first tranche of the Offering consists of 15,265,000 Charity Flow-Through Common Shares and 4,370,000 Common Shares for aggregate gross proceeds of C$42,079,950. The first tranche of the Offering was completed pursuant to an underwriting agreement dated May 29, 2025 (the “Underwriting Agreement”), entered into among the Company and a syndicate of underwriters led by BMO Capital Markets and SCP Resource Finance LP and including Paradigm Capital Inc., Canaccord Genuity Corp., Haywood Securities Inc., Stifel Nicolaus Canada Inc., Roth Canada, Inc., A.G.P. Canada Investments ULC and ATB Securities Inc. (collectively, the “Underwriters& Pursuant to the Underwriting Agreement, the second tranche of the Offering will consist of the further issuance by the Company of 6,135,000 Charity Flow-Through Common Shares at the Charity Flow-Through Common Share Offering Price per Charity Flow-Through Common Share for further gross proceeds of C$14,049,150. The second tranche of the Offering is expected to close on or about June 12, 2025. Completion of the Offering remains subject to the Company receiving all necessary regulatory approvals, including final approval of the TSX Venture Exchange (the “TSXV”) to list the Charity Flow-Through Common Shares and the Common Shares. Mr. Eric Sprott intends to participate in the second tranche of the Offering to maintain his approximate 19% shareholdings. The Company granted the Underwriters an over-allotment option entitling the Underwriters to purchase up to an additional number of Charity Flow-Through Common Shares that in aggregate would be equal to 15% of the total number of Charity Flow-Through Common Shares to be issued under the Offering for the purpose of covering the Underwriters’ over-allocation position, if any, exercisable, in whole or in part, at any time, and from time to time for up to 30 days after the closing of the first tranche of the Offering. In connection with the closing of the first tranche of the Offering, the Company paid to the Underwriters, a cash fee in the aggregate amount of C$2,075,959, representing (i) 5.25% of the gross proceeds of the first tranche of the Offering, other than the gross proceeds raised from certain sales pursuant to a president’s list (the “PresidentR The gross proceeds from the offering of the Charity Flow-Through Common Shares will be used by the Company to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” (as such terms are defined in the Income Tax Act (Canada)) (the “Qualifying Expenditures”) related to the Company’s 100% owned Queensway Gold Project (“Queensway The net proceeds from the offering of the Common Shares will be used by the Company to advance the Project and for general corporate and working capital purposes. The Charity Flow-Through Common Shares and the Common Shares were offered by way of a prospectus supplement in each of the Provinces and Territories of Canada (other than the Province of Quebec and Nunavut) and were also offered by way of a U.S. prospectus supplement forming part of the Company’s registration statement on Form F-10 in the United States. Copies of the prospectus supplement and documents incorporated by reference therein are available electronically on the Canadian Securities Administrators’ Certain directors and officers of the Company participated in the first tranche of the Offering and, accordingly, their participation in the Offering constitutes “a related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholder Approval (“MI 61-101”). The Company has relied on the exemptions from valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such related party participation. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About New Found Gold New Found Gold holds a 100% interest in Queensway, located in Newfoundland and Labrador, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce. The Company has completed an initial mineral resource estimate at Queensway (see New Found Gold news release dated March 24, 2025). A fully funded preliminary economic assessment is underway, with completion scheduled for late Q2/25. Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the 175,600 hectare project that covers a 110 km strike extent along two prospective fault zones. New Found Gold has a new management team in place, a solid shareholder base, which includes a 19% holding by Eric Sprott, and is focused on growth and value creation at Queensway. |
Posted at 28/5/2025 21:54 by stu31 New Found Gold Increases Previously Announced Bought Deal Financing to C$56 Million; Previously Announced Private Placement Remains at C$20 Million(TSX-V: NFG | NYSE-A: NFGC) The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+ Vancouver, BC, May 28, 2025 – New Found Gold Corp. (“New Found Gold” or the “Company” The Company has granted the Underwriters an option, exercisable at the offering price up to 30 days following the closing of the Tranche 1 (as defined below), to purchase up to an additional 15% of the Charity Flow-Through Common Shares issued in connection with the Offering. Each Charity Flow-Through Common Share will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada). The Company previously entered into an agreement with BMO Capital Markets and SCP Resource Finance LP, on behalf of themselves and a syndicate of underwriters (collectively, the “Underwriters& Subsequent to the Offering, the Company also expects to complete a non-brokered private placement of up to 12,269,939 Common Shares at a price of C$1.63 per Common Share of the Company for gross proceeds of approximately C$20 million (the “Private Placement” and, together with the Offering, the “FinancingR Eric Sprott has indicated his intention to participate in the Offering to maintain his approximate shareholdings and the Private Placement for such number of Common Shares that results in Mr. Sprott holding more than 20% of the issued and outstanding common shares of the Company. Following the closing of the Private Placement, the Company expects that Mr. Sprott will become a new “Control Person” (as defined in the policies of the TSXV) and, therefore, the Company intends to obtain disinterested shareholder approval in accordance with the TSXV policies prior to the closing of the Private Placement. Keith Boyle, CEO of New Found Gold, commented, “With a significant lead order by Eric Sprott on both the Offering and the Private Placement, the proceeds from the Financing will allow us to advance the Queensway Gold Project to the development stage. Mr. Sprott has been a highly supportive shareholder in the Company since its early days and we thank him for his continued support as we embark on this next chapter for the Company.” The gross proceeds from the Charity Flow-Through Common Shares will be used by the Company to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”) related to the Company’s Queensway Gold Project (“Queensway The gross proceeds from the Private Placement and Common Shares will be used by the Company to advance its 100% owned Queensway Gold Project (“Queensway The Charity Flow-Through Common Shares and Common Shares will be offered in all of the provinces and territories of Canada, excluding Quebec and Nunavut by way of a prospectus supplement (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus dated May 23, 2025 (the “Base Shelf Prospectus”). The Charity Flow-Through Common Shares and Common Shares will also be offered by way of a U.S. prospectus supplement forming part of the Company’s registration statement on Form F-10 in the United States. The closing of the Offering will consist of an initial tranche (“Tranche 1”) that is expected to close on or about June 3, 2025 as well as a second tranche (“Tranche 2”) that is expected to close on or about June 12, 2025. Tranche 1 will consist of 15,265,000 Charity Flow-Through Common Shares and 4,370,000 Common Shares to be issued pursuant to the Offering. Tranche 2 will consist of 6,135,000 Charity Flow-Through Common Shares to be issued pursuant to the Offering. Both closings are subject to the Company receiving all necessary regulatory approvals, including the approval of the TSXV and authorization of the NYSE American. Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendments thereto are provided in Canada in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to such documents. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days from the date hereof), accessible through SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Prospectus Supplement, the Base Shelf Prospectus, and any amendment to these documents, may be obtained, without charge, from BMO Nesbitt Burns Inc., Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 by telephone at 905-791-3151 Ext 4312 or by email at torbramwarehouse@dat Copies of the Base Shelf Prospectus and Prospectus Supplement, when available, can be found under the Company’s profile on SEDAR+ at www.sedarplus.ca, and a copy of the registration statement and the Prospectus Supplement can be found on EDGAR at www.sec.gov. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Charity Flow-Through Common Shares or the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About New Found Gold New Found Gold holds a 100% interest in Queensway, located in Newfoundland and Labrador, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce. The Company has completed an initial mineral resource estimate at Queensway (see New Found Gold news release dated March 24, 2025). A fully funded preliminary economic assessment is underway, with completion scheduled for late Q2/25. Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the 175,600 hectare project that covers a 110 km strike extent along two prospective fault zones. New Found Gold has a new management team in place, a solid shareholder base, which includes a 19% holding by Eric Sprott, and is focused on growth and value creation at Queensway. |
Posted at 22/5/2025 00:01 by stu31 New Found Gold Continues to Expand the Dropkick Zone at the Queensway Gold Project:42.8 g/t Au over 14.95 m, 47.6 g/t Au over 3.95 m and 22.9 g/t Au over 2.40 m (TSX-V: NFG | NYSE-A: NFGC) Vancouver, BC, May 21, 2025 – New Found Gold Corp. (“New Found Gold” or the “Company” Dropkick zone (“DropkickR 42.8 g/t Au over 14.95 m (NFGC-24-2225)¹ 47.6 g/t Au over 3.95 m (NFGC-24-2214) 22.9 g/t Au over 2.40 m (NFGC-24-2205) Dropkick mineralization has now been intersected over a 580 m strike extent Open in all directions Dropkick east of the AFZ: 5.30 g/t Au over 15.20 m (NFGC-24-2233) A newly identified domain at Dropkick on the eastern side of the AFZ Open in all directions Pistachio zone (“Pistachio 5.34 g/t Au over 7.30 m (NFGC-24-2190) 240 m strike length delineated to date with a high-grade portion constrained by one underground panel in the initial mineral resource estimate (“MRE”) Open down plunge and to depth Melissa Render, President of New Found Gold stated: “In these final drill results from the 2024 exploration program we continue to intersect high-grade gold mineralization and expand both Dropkick and Pistachio. At Dropkick, we have now discovered gold mineralization both west and east of the AFZ. The continued results from Dropkick and Pistachio, located 8 and 11 kilometres north, respectively, of the main resource area at Queensway are highly encouraging and point to the potential for future near-surface resource expansion along the strike of this prolific gold mineralized system. We look forward to continuing to test the tenor and extent of these zones”. |
Posted at 17/4/2025 08:24 by simon gordon Edison - 16/4/25The loss of the Mach49 contract, reported last September, knocked around £7m from FY26 net revenue, with a £76m current year impact. Restructuring costs of £17m have been taken for FY25, targeted to deliver annualised savings of £45m. Contingent consideration is significantly reduced (£72.7m at end January), with the share price the key determinant of settlement in cash or equity. A leverage target of up to 1.5x net debt to EBITDA gives plenty of scope to continue with investments in internal capabilities, including AI, as well as funding appropriate M&A. Next 15 has historically been predisposed to buying and building. Management is now paying more attention to considering if it is the best owner of all its operations. Freeing up capital to invest in those businesses where it has greatest potential, such as SMG, and its companies based on data and insights, strikes us as a sensible strategy. |
Posted at 16/4/2025 23:29 by stu31 New Found Gold Corp. Provides Queensway Gold Project Overview and Plans; Files Technical Report(TSX-V: NFG | NYSE-A: NFGC) Vancouver, BC, April 15, 2025 – New Found Gold Corp. (“New Found Gold” or the “Company” Queensway Highlights: Tier 1 Jurisdiction: Mining-positive government, access to highway, port, airport, low-cost green power and skilled local workforce Initial Mineral Resource Estimate: 70% of the initial MRE ounces are in the indicated category 18.0 Mt¹ grading 2.40 g/t Au², for 1.39 Moz³ (indicated) 10.7 Mt grading 1.77 g/t Au, for 0.61 Moz (inferred) High-Grade Veins Exposed at Surface: 73% of the ounces are contained in 24% of the tonnage (indicated) within the Mineral Resource pit shells The opportunity for high-grade starter pits is being investigated as part of the preliminary economic assessment (“PEA”) currently underway and scheduled for release in late Q2/25 Planning to commence bulk sampling H1/26 Versatile Deposit: The Mineral Resources are defined within a series of open pits, which creates flexibility with respect to mine planning, grade sequencing and tailings deposition strategies The potential to leverage in-pit tailings storage is being investigated as part of the PEA Project Growth: Infill: the initial MRE has potential for expansion between and within the initial MRE pit shells Expansion: recently announced high-grade gold intersections beyond the initial MRE footprint demonstrates that gold mineralization remains open for expansion both along strike and at depth; past drilling focussed within 200 m of surface in a less than 5% portion of the 110 km long strike extent of the two major structures controlling gold mineralization Keith Boyle, CEO of New Found Gold commented: “New Found Gold has begun a new chapter, with an initial mineral resource completed in Q1/25 and a preliminary economic assessment scheduled for completion in late Q2/25. As a mining engineer with 40 years of experience in development and operations, much of which was spent working on projects with parallels to Queensway, I can see the unique opportunity we have at New Found Gold. We are rapidly advancing with the PEA, while at the same time continuing to explore our highly prospective landholdings targeting additional discoveries similar to Keats and Iceberg.” ¹Mt = million tonnes ²g/t Au = grams of gold per tonne ³Moz = million ounces New Found Gold’s current Corporate Presentation can be viewed in 3D on the Company’s website or using VRIFY at: hxxps://vrify.com/de Looking Ahead: Fully Funded PEA Underway: Planned release late Q2/25 2025 Drill Campaign: Planning underway for mid Q2/25 start Primary focus on resource conversion (infill, expansion, extensions) Secondary focus on exploration (discovery of additional major deposits along the 110 km long strike extent of the Project) Bulk Sample: To confirm grade continuity and validate resource model Planning underway to commence H1/26 Metallurgy: Additional test work is ongoing Permitting and Environmental Baseline Studies: Work is ongoing to support future studies and permit applications |
Posted at 10/11/2024 20:25 by stu31 New Found Announces Initiation of Maiden Resource and Preliminary Economic Assessment for the Queensway Project(TSX-V: NFG | NYSE-A: NFGC) Vancouver, BC, November 6, 2024 – New Found Gold Corp. (“New Found” or the “Company” 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. |
Posted at 31/10/2024 22:15 by stu31 New Found Makes New Discovery at Depth With 343 g/t Au Over 2.15m, 40.6 g/t Over 2.20m & 9.51 g/t Au Over 7.45m at “Golden Dome” Zone(TSX-V: NFG | NYSE-A: NFGC) Vancouver, BC, October 31, 2024 – New Found Gold Corp. (“New Found” or the “Company” Golden Dome Highlights: Deep drilling targeting a prospective area between the Golden Joint and Dome zones intersected high-grade gold mineralization over a nearly 30m down-hole interval as demonstrated by several high-grade intercepts with a cumulative length of 11.80m including 343 g/t Au over 2.15m (which contained a 1,230 g/t Au sample over 0.60m core length), 9.51 g/t Au over 7.45m, and 40.6 g/t Au over 2.20m in NFGC-24-2158 (Figures 2-5). This broad interval of high-grade mineralization with a cumulative length of 11.80m is a new zone called “Golden Dome” and is located within a previously untested gap in drilling that spans a length of at least 500m partway between Golden Joint and Dome. Today’s intercept occurs 200m below existing drilling at Dome (Figures 3 and 5). These preliminary results suggest that this zone is part of a larger mineralized structural network connecting Dome to Golden Joint having a combined strike length of 750m and extending to depths of up to 375m (Figure 7). Follow-up drilling is ongoing to define this new discovery. Additional Deep Drilling Highlights: The Company has also received additional results from its ongoing deep drilling program testing the Keats Baseline Fault Zone (“KBFZ”) NFGC-24-2135 testing between the Keats segment of the KBFZ and the AFZ intersected another new high-grade discovery at depth with the highlight interval of 13.7 g/t Au over 4.85m, including 40.6 g/t Au over 1.50m. This interval is located immediately east of the AFZ at a vertical depth of 500m and contains visible gold; it is located peripheral to a broader low-grade quartz vein domain. This adds to the nine deep zones recently announced at Queensway (released July 11, 2024), (Figure 6). At Keats South, wedge hole NFGC-24-2112-W1 intercepted 23.3 g/t Au over 2.20m at a vertical depth of 645m. This hole was designed to step out from the previously released parent hole NFGC-24-2112 which included an upper zone of 11.0 g/t Au over 2.65m starting from a vertical depth of 585m and a deeper zone of 7.66 g/t Au over 2.70m starting from a vertical depth of 770m (Figure 4). Overall, the deep drilling at Keats South has identified two broad domains of Au-bearing quartz veins on the east and west sides of the AFZ with similar mineralization characteristics as seen in the high-grade segments of the KBFZ. The wedging program is designed to rapidly step out on high priority zones to better define their extents of high-grade mineralization. To date, the wedging program has successfully demonstrated that the gold mineral system continues to depth and additional drilling work is required to better understand this region of gold mineralization and expand and define the high-grade component. The Company has increased the number of diamond drilling rigs to eight at the project site with five rigs active at Queensway and three rigs active at its recently acquired Kingsway Project which adjoins Queensway along strike to the north. Figure 1: Photos of mineralization at Golden Dome at ~493.6m in NFGC-24-2158 ^Note that these photos are not intended to be representative of gold mineralization in NFGC-24-2158. Greg Matheson, Chief Operating Officer of New Found, stated: “Today’s discovery at Golden Dome indicates that high-grade gold is present deeper in the Queensway system. Golden Dome is well positioned in a wide-open area between several major structures including Golden Joint, Dome and Iceberg East with mineralization characteristics akin to those observed at many of the other near surface zones. “As announced recently on October 24, 2024, the results from the Pistachio discovery at Kingsway show the advancement of scale of the mineralized system made in 2024 at surface, along strike. Paired with our ongoing success at depth, we are seeing a significant increase in the mineralized footprint at Queensway. We have now received results from 21 deep drill holes, leading to the discovery of 11 new zones at depth. Our target pipeline for growth is strong and we recently doubled the number of active drill rigs at the project to more rapidly advance and define many of these new high-grade discoveries.” |
Posted at 10/4/2024 16:11 by stu31 looks like you are as busy on this as me ;) he gets it back from the bitcoiners so alls fair in love and warNew Found Intercepts 17.8 g/t Au Over 13.5m, 27.7 g/t Au Over 2.7m, 12.7 g/t Au Over 4.6m and 1.23 g/t Au Over 47.2m at K2 Zone April 10, 2024 Vancouver, BC, April 10, 2024 – New Found Gold Corp. (“New Found” or the “Company” 17.8 g/t Au over 13.45m in NFGC-23-1986, 12.7 g/t Au over 4.60m and 1.23 g/t Au over 47.20m in NFGC-23-1997, 27.7 g/t Au over 2.70m and 3.26 g/t Au over 13.85m in NFGC-23-1647, 14.5 g/t Au over 4.50m in NFGC-23-1883, and 31.2 g/t Au over 2.25m, and 26.3 g/t Au over 2.05m in NFGC-23-1962 are just a few of the highlight intervals that occur above 200m vertical that were intercepted as part of an ongoing program designed to expand and further define a central high-grade domain within the K2 structure that now spans an area measuring 180m long x 90m wide. K2 is a gold mineralized system made up of multiple structures and crosscutting vein orientations that currently has a defined mineralized footprint of 490m long x 395m wide. The gold mineralization begins at surface and has been drill-defined down to a maximum vertical depth of 250m (Figures 1-5), where it remains open and untested. Much of the gold at K2 is found in the “K2 Main” structure (shown in red in Figure 3), a low-angle gold-bearing fault zone starting at surface that dips 30-40° to the southeast which shares a similar dip to Keats West and strike to the Keats-Baseline Fault Zone. Within the overall K2 structure, there are multiple domains of high-grade gold in addition to regions with gold mineralization concentrated over broad thicknesses, typically occurring near structural intersections or areas of structural complexity. A few examples include the aforementioned central high-grade domain, as well as the previously released “Stibnite Vein” (see purple highlighted vein in Figure 3), which is located 250m up-dip and has produced several notable intervals including 3.48 g/t Au over 25.30m in NFGC-23-1783 (January 31, 2024) and 4.50 g/t Au over 12.95m in NFGC-23-1303 (August 28, 2023). Exploration drilling has also led to the discovery of a panel of thick gold mineralization located near to surface, a further 65m south of the central panel reported in today’s release, where highlight intervals of 3.75 g/t Au over 14.55m in NFGC-24-2010, 2.87 g/t Au over 15.35m in NFGC-23-1645, and 15.6 g/t Au over 3.05m in NFGC-23-1971 were intercepted. This panel covers an area that is currently 200m long by 60m wide and is hosted within a potentially folded and uplifted segment of the K2 structure that is sandwiched between two crosscutting gold-bearing faults. Additional notable intervals that further define this domain include 1.27 g/t Au over 19.80m in NFGC-23-2004, 1.71 g/t Au over 15.65m in NFGC-23-1951, 2.79 g/t Au over 11.60m in NFGC-23-1962, and 16.0 g/t Au over 2.50m in NFGC-23-1986. Additional infill results included in today’s release were completed in the up-dip, close to surface segment of the K2 structure, aimed at extending mineralization to surface. NFGC-23-1650 intercepted 4.03 g/t Au over 4.35m, 3.23 g/t Au over 9.80m, 1.82 g/t Au over 9.70m and 7.85 g/t Au over 4.75m and is 43m down dip of previously reported interval of 8.69 g/t Au over 12.25m in NFGC-23-1786 (January 31, 2024). Melissa Render, VP of Exploration of New Found, stated: “K2 is an expansive and complex structure with a sizeable associated damage zone. Our growing understanding of this evolving zone has led to better targeting of high-grade domains and allowed us to expand on them and look for new areas that either were overstepped or found outside of the prior drill footprint. Recognizing the significance of the Glenwood Shear Zone has proven to be another important revelation, where K2 seems to have developed between it and the AFZ. This relationship is likely an important one to understand and opens the possibility that the Glenwood, like the AFZ is another conduit for channelling gold bearing fluids. Exploration will continue in the greater K2 area, both looking to extend K2 to depth, in addition to looking below it and adjacent to the Glenwood Shear Zone. Follow-up drilling is also planned on several interesting gold-bearing fault zones that were identified during our reconnaissance grid drilling program completed on the west side of the AFZ.” Queensway 650,000m Drill Program Update The Company is currently undertaking a 650,000m drill program at Queensway and approximately 3,600m of core is currently pending assay results. 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 $53.6 million as of April 2024. |
Posted at 05/2/2024 00:54 by stu31 New Found Intercepts 27.5 g/t Au Over 7m & 8.69 g/t Au Over 12m at K2, Extends High-Grade to SurfaceJanuary 31, 2024 Vancouver, BC, January 31, 2024 – New Found Gold Corp. (“New Found” or the “Company” K2 Highlights: 27.5 g/t Au over 7.00m and 3.39 g/t Au over 9.60m in NFGC-23-1729 and 8.69 g/t Au over 12.25m in NFGC-23-1786 were intersected as part of a program designed to extend a high-grade domain of the K2 structure back to surface and occur between 22-43m from surface, with the reported intercept lengths being close to true width (Figures 1-4). Additional near-surface highlight results from ongoing expansion and definition drilling include 3.48 g/t Au over 25.30m and 22.0 g/t Au over 2.40m in NFGC-23-1783, 6.18 g/t Au over 9.85m and 3.01 g/t Au over 8.35m in NFGC-23-1709, 3.14 g/t Au over 18.45m in NFGC-23-1904, and 19.4 g/t Au over 2.70m in NFGC-23-1993. As demonstrated in the long section below in Figure 4, all intervals occur shallowly above 65m vertical depth and demonstrate strong continuity of gold mineralization across the K2 structure. K2 is a gold mineralized system made up of multiple structures and crosscutting vein orientations that now spans a mineralized footprint of 490m long x 395m wide. The gold mineralization begins at surface and has been drill-defined down to a maximum vertical depth of 250m (Figures 1-4), where it remains open and untested. Much of the gold at K2 is found in the “K2 Main” structure, a low-angle gold-bearing fault zone starting at surface that dips 40° to the south and shares a similar orientation to Keats West. K2 Main is made up of a complex network of associated structures forming a mineralized damage zone that averages 65m in thickness (Figure 3). Today’s highlight intervals in NFGC-23-1729 and NFGC-23-1786 both occur within K2 Main. The mineralization style at K2 consists of a series of stockwork and fault-fill style quartz veins with orientations that parallel K2 Main and crosscut it forming a broad domain of gold mineralized brittle faults. Many of these veins start at surface and additional drilling is required to fully define this network (Figure 3). Melissa Render, VP of Exploration of New Found, stated: “As we continue to expand and target specific areas within the K2 fault network with the drill bit, the results have strengthened and we have identified multiple domains of high-grade gold in addition to broad intersections of gold mineralization. Located 2.2km north of Keats on the west side of the Appleton Fault Zone, K2 and other significant zones such as Keats West and Monte Carlo demonstrate the strong prospectivity of this package of rocks. Characterized by high-grade gold mineralization starting at surface with a shallow dip, this zone is accessible to explore at depth with minimal meters as it remains open and continues to deliver encouraging results.” Queensway 650,000m Drill Program Update The Company is currently undertaking a 650,000m drill program at Queensway and approximately 7,000m of core is currently pending assay results. |
Posted at 23/8/2023 19:43 by greenhat2 NFG seems to be filling the gap. The thing is since May the NFG share price has acted as though it's had a profit warning It hasn't It hasn't even mentioned it's experiencing challenges to revenue It says it's expecting revenue to grow And this indicates that they are listening to the major shareholders who've probably asked them to tone down their acquisitions They failed in their T/O of SAA and this was probably a turning ping in their attitude to acquisitions They learned to walk away They've also plotted out increasing divs They've hinted at potential share buy backs So they are indicating that they are confident that they have the free cash flow to do this And by doing this they are reassuring the market that the cash they have is actually theirs and not earmarked for contingent payment set aside to previous acquisitions |
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