New Found Announces the Grand Opening of Its Giga-shack Core Facility
31 Januar 2023 - 12:30PM
Business Wire
New Found Gold Corp. (“New Found” or the
“Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce
the grand opening of its new 25,000sq ft core shack and office
facility in Gander, Newfoundland and Labrador, designed and
constructed to support logging and processing of drill core from
the ongoing 500,000m drill campaign at its Queensway Project. The
100%-owned Queensway Project comprises an approximately 1,650km2
area with the current area of drilling focused along the Appleton
Fault Zone accessible via the Trans-Canada Highway, 15km west of
Gander. On January 27, 2023, New Found hosted a grand opening
ceremony for this new facility and it is now operational and
receiving core from the Queensway drilling.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230131005507/en/
Figure 1: Ribbon Cutting at Grand Opening
of New Found Gold’s Giga-Shack in Gander, Newfoundland. From left
to right, Brad Eisen (Gander and Area Chamber of Commerce), Darren
White (Riverstone Construction), Greg Matheson (New Found Gold),
Percy Farwell (Town of Gander). (Photo: Business Wire)
Highlights:
- The Giga-Shack is a modern core processing facility with
15,000sq ft of floor area dedicated to drill core logging, core
cutting, and sample preparation. It also includes 10,000sq ft of
office space including 23 new offices and several common area
workspaces. The facility was constructed on the same land parcel as
the Company’s existing 7,500sq ft core facility in Gander and has
been designed to support the wide range of exploration and
anticipated future development activities at the Queensway
Project.
- This new facility was constructed over a ten-month period and
was completed within budget with zero lost time injuries by an
all-Newfoundland-based consortium of contractors.
- New Found would like to thank the local companies and
contractors who completed this work including Riverstone
Construction, Gander Electrical and Mechanical, Lou’s Electrical,
Cecon Engineering, Crosby Engineering, Landmark Surveys, Balsoms
Plumbing and Heating, The Computer Shack and H. Wareham and Sons,
and a special thank you to the team of men and women whose
dedication contributed to the safe and successful completion of
this project.
Greg Matheson, COO of New Found, stated: “As the Queensway
Project continues to grow, adding the Giga-Shack will enhance the
efficiency of drilling operations and provide much-needed
additional office space for our exploration and pre-development
team. I’d like to thank the many contractors that contributed to
the completion of the project and the Town of Gander for its
ongoing support of the Company. Newfoundland is fortunate to have
both a highly skilled workforce of tradespeople and supportive
communities that enable projects like Queensway to move forward
efficiently and successfully. Thank you also to the many people who
were able to attend our open house event on Friday.”
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 500,000m drill program at
Queensway and is well funded for this program with cash and
marketable securities of approximately $90-million as of January
2023.
Please see the Company’s website at www.newfoundgold.ca and the
Company’s SEDAR profile at www.sedar.com.
Contact
To contact the Company, please visit the Company’s website,
www.newfoundgold.ca and make your request through our investor
inquiry form. Our management has a pledge to be in touch with any
investor inquiries within 24 hours.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statement Cautions
This press release contains certain "forward-looking statements"
within the meaning of Canadian securities legislation, relating to
exploration, drilling and mineralization on the Company’s Queensway
gold project in Newfoundland and Labrador; assay results; the
interpretation of drilling and assay results, the results of the
drilling program, mineralization and the discovery of zones of
high-grade gold mineralization; plans for future exploration and
drilling and the timing of same; the merits of the Queensway
project;; future press releases by the Company; and funding of the
drilling program. Although the Company believes that such
statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements
are statements that are not historical facts; they are generally,
but not always, identified by the words "expects," "plans,"
"anticipates," "believes," “interpreted,” "intends," "estimates,"
"projects," "aims," “suggests,” “indicate,” “often,” “target,”
“future,” “likely,” “pending,” "potential," "goal," "objective,"
"prospective," “possibly,” “preliminary”, and similar expressions,
or that events or conditions "will," "would," "may," "can," "could"
or "should" occur, or are those statements, which, by their nature,
refer to future events. The Company cautions that forward-looking
statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made, and they
involve a number of risks and uncertainties. Consequently, there
can be no assurances that such statements will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such statements. Except to the extent required
by applicable securities laws and the policies of the TSX Venture
Exchange, the Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change. Factors that could cause
future results to differ materially from those anticipated in these
forward-looking statements include risks associated with possible
accidents and other risks associated with mineral exploration
operations, the risk that the Company will encounter unanticipated
geological factors, risks associated with the interpretation of
assay results and the drilling program, the possibility that the
Company may not be able to secure permitting and other governmental
clearances necessary to carry out the Company's exploration plans,
the risk that the Company will not be able to raise sufficient
funds to carry out its business plans, and the risk of political
uncertainties and regulatory or legal changes that might interfere
with the Company's business and prospects. The reader is urged to
refer to the Company's Annual Information Form and Management’s
discussion and Analysis, publicly available through the Canadian
Securities Administrators' System for Electronic Document Analysis
and Retrieval (SEDAR) at www.sedar.com for a more complete
discussion of such risk factors and their potential effects.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230131005507/en/
New Found Gold Corp. Per: "Collin Kettell" Collin Kettell, Chief
Executive Officer Email: ckettell@newfoundgold.ca Phone: +1 (845)
535-1486
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