New Found Gold (NFGC) Confirms Near-Surface Continuity with High-Grade Keats Zone Results

New Found Gold Corp. (NYSEAMERICAN:NFGC) is one of the most undervalued gold stocks to buy according to analysts. On February 2, New Found Gold reported high-grade results from its 2025 grade control drilling at the Keats zone, part of the Queensway Gold Project in Newfoundland and Labrador. The program, which used a tight 5-meter by 5-meter drill spacing, successfully confirmed the continuity of significant gold mineralization at or near the surface.

Notable intercepts include 508g/t Au over 2.20 meters and 113g/t Au over 3.75 meters. These results align with the company’s existing mineral resource models and are critical for refining the mine plan for the Phase 1 open pits outlined in their recent Preliminary Economic Assessment. Looking toward 2026, New Found Gold has four rigs active with plans to expand grade control drilling to the Iceberg and Lotto excavations starting in the second quarter.

New Found Gold Corp. (NYSEAMERICAN:NFGC) is currently focused on resource conversion for Phase 2 open pits and Phase 3 underground targets, supported by a 2026 exploration budget that includes regional drilling at Queensway South. Approximately 50% of the results from the 2025 program remain outstanding, and an updated Technical Report featuring a revised mineral resource estimate is expected to be released in mid-2026.

New Found Gold Corp. (NYSEAMERICAN:NFGC) is a mineral exploration company that identifies, evaluates, acquires, and explores mineral properties in the Provinces of Newfoundland and Labrador, Canada. The company primarily explores for gold deposits.

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Disclosure: None. This article is originally published at Insider Monkey.