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New Found Gold To Expand Queensway Gold Project 2025 Work Program
Benzinga·06/16/2025 21:13:47
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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.
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① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
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