New Found Gold Corp. is advancing its 100% owned 1,662km2 Queensway gold project, located on the Trans-Canada highway 15km west of Gander, Newfoundland. A 650,000m drill campaign is underway, with 127,000m planned for 2024. Much of the drilling to date is focused on a 9.5km corridor along the Appleton fault and a 12.4km corridor along the JBP fault at Queensway North. Resources have been deployed to further explore key targets at Queensway South, the 80km southern extension of the highly prospective AFZ and JBP fault structures.

New Found Gold Corp. is committed to conducting its exploration activities in an environmentally responsible manner. The company follows strict environmental policies and planning, such as using low-impact drilling methods, minimizing water consumption, and reducing greenhouse gas emissions. The company also implements a progressive rehabilitation strategy, which involves restoring the land to its original condition or better after exploration. Additionally, the company conducts ongoing environmental baseline monitoring, which involves collecting and analyzing data on the water quality, air quality, wildlife, and vegetation in the area.

New Found Gold Corp. is dedicated to creating positive and lasting relationships with the communities in which it operates. The company engages with local stakeholders, such as Indigenous groups, government agencies, and non-governmental organizations, to ensure that its exploration activities are respectful of their rights, interests, and values. The company also contributes to the social and economic development of the region, by providing employment opportunities, supporting local businesses and suppliers, and investing in community projects and initiatives. The company values the feedback and input of the communities and strives to be a good neighbor and partner.