New Found Gold To Expand Queensway Gold Project 2025 Work Program
Benzinga Newsdesk 1 year ago
NewsGeneral
Highlights:70,000 metres ("m") diamond drill program underway;Approximately 11,750 m in 104 DDH1 has been drilled to date, with five drill rigs currently on site;80% of planned drilling focused on resource
Highlights:
- 70,000 metres ("m") diamond drill program underway;
- Approximately 11,750 m in 104 DDH1 has been drilled to date, with five drill rigs currently on site;
- 80% of planned drilling focused on resource definition and pre-development work and 20% on exploration;
- The AFZ Core excavation program is underway, with channel sampling of the Iceberg excavation approximately 80% complete and the Lotto excavation commencing shortly;
- A regional exploration program at Queensway South and Queensway North is underway and is expected to run until late September, 2025;
- In addition to a PEA2 planned for release in late Q2/25, the Company is conducting ongoing engineering studies, including metallurgical testwork and trade-off studies; and
- Additional environmental work will be undertaken in 2025 to ensure that all baseline studies are completed for upcoming permitting processes.