NFGC Profile
New Found Gold Corp. is a prominent mineral exploration company focused on the discovery and development of gold deposits. The company is actively engaged in the identification, acquisition, and exploration of high-potential mineral properties primarily located in the provinces of Newfoundland and Labrador, as well as Ontario, Canada. New Found Gold’s strategic emphasis is on advancing its gold exploration projects to enhance shareholder value and contribute to the global gold supply.
The company boasts 100% ownership of two significant exploration projects. The Queensway project, located near Gander, Newfoundland, encompasses 86 mineral licenses and 6,041 claims, covering a vast area of approximately 151,030 hectares. This project represents a major asset in New Found Gold’s portfolio, offering substantial exploration potential in a well-regarded gold-bearing region. Additionally, the company holds the Lucky Strike project, situated in Kirkland Lake, Ontario, spanning 11,684 hectares. This project is strategically positioned in a historically prolific mining area known for its rich gold deposits.
New Found Gold Corp. was originally established as Palisade Resources Corp. before rebranding to its current name in June 2017. Since its incorporation in 2016, the company has rapidly developed its exploration activities and expanded its asset base. The name change reflects the company's evolution and commitment to gold exploration and development.
Headquartered in Vancouver, Canada, New Found Gold Corp. benefits from its location in a major mining hub, providing it with access to key resources and industry expertise. The company's focus on high-quality exploration projects and its strategic approach to asset development underscore its dedication to becoming a leading player in the gold exploration sector.
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