New Found Gold Corp. (NYSEAMERICAN:NFGC) is one of the most promising Canadian stocks according to analysts.On March 1, New Found Gold Corp. released the final results from its 2025 grade control drill program at the 100%-owned Queensway Gold Project in Newfoundland and Labrador. The program focused on the Keats and Iceberg zones within the Keats-Baseline Fault Zone, delivering high-grade gold intercepts at or near the surface.
Notable results from the Iceberg excavation include 71.8 g/t Au over 31.95 meters and 76.6 g/t Au over 16.00 meters, while the Keats zone yielded 51.3 g/t Au over 3.40 meters. These findings confirm the strong continuity of mineralization. The 2025 program utilized a tight 5-meter by 5-meter drill spacing to improve confidence in gold distribution and validate initial mineral resource estimate models. In total, the company completed 2,773 meters of drilling across 84 holes at Keats and 2,390 meters across 40 holes at Iceberg.
New Found Gold Corp. (NYSEAMERICAN:NFGC) has now initiated its 2026 drill program with four active rigs, initially targeting resource conversion for the Phase 2 open pit and Phase 3 underground plans. The company intends to expand grade control drilling in Q2 2026, including new work at the Lotto excavation. Approximately 45% of the results from the 2025 drilling season remain outstanding and will be released as they become available. Additionally, the company expects to file an updated Technical Report and mineral resource estimate for the Queensway Project in Q3 2026.
Copyright: vyacheslavsvetlichnyy / 123RF Stock Photo
New Found Gold Corp. (NYSEAMERICAN:NFGC) is a mineral exploration company that engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada.
While we acknowledge the potential of NFGC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Best Canadian Stocks to Buy Under $20.
Disclosure: None. Follow Insider Monkey on Google News.
