VANCOUVER, BC, Nov. 1, 2024 /PRNewswire/ – Fresh Discovered Gold Corp. (“New Found” or the “Company“) (TSXV: NFG) (NYSE-A: NFGC) is happy to document effects from the 2024 Segment II Metallurgical Trying out Program performed on drill core samples gathered from the Iceberg and Iceberg East zones as a part of the exploration program at its 100% owned Queensway Undertaking (“Queensway“), positioned at the Trans-Canada Freeway 15km west of Gander, Newfoundland.

Highlights:

• Segment II metallurgical checking out commenced in 2024, serious about Iceberg and Iceberg East. A complete of 46 Variability Composites have been generated from roughly 340 metres of drill core with a blended weight of one,400 kilograms, from which one Grasp Composite used to be assembled.
• Weighted moderate gold extraction from all 46 Variability Composite samples damaged out by way of the ten move division traces, proven beneath at the plan map in Determine 1, averaged 96.9%. Gold extractions have been accomplished the use of each gravity official separation and standard carbon-in-leach (CIL) at the gravity tails.
• Those effects examine smartly with the Segment I metallurgical check effects which confirmed the weighted moderate gold extraction starting from 90.1% to 96.7% for Keats Primary, Yellowish Joint and Lotto (released April 3, 2024).
• The Corporate is lately enterprise alternative metallurgical checking out serious about Keats West with composites having been decided on and shipped to Bottom Metallurgical Laboratory Ltd and effects expected in Q2 2025.

Ron Hampton, Building Officer of Fresh Discovered, said: “The Iceberg and Iceberg East zones have similar geology and mineralization style to the Keats Main zone that was previously reported earlier this year. Results from the Iceberg and Iceberg East zones also indicate excellent gold recoveries from the high-grade materials observed at the Queensway Project. In addition, this test work confirms that the mineralization from Iceberg and Iceberg East can be processed using conventional gravity separation and carbon-in-leach (CIL) technology.”

Backup Main points:

The second one section of the metallurgical check paintings on the Queensway component has been finished. The checking out centered the Iceberg and Iceberg East zones. Because of similarities within the mineralization kinds present in each the Iceberg and Iceberg East zones, the sampled drill core subject material used to be blended to safeguard enough subject material for metallurgical checking out. A normal move division from this section of metallurgical checking out identifies drill core durations that have been decided on for sampling is proven in Determine 2, with the site of the ten segments that reach throughout Iceberg and Iceberg East being proven in Determine 1.

Roughly 340 metres of drill core with a blended weight of one,400 kilograms used to be decided on for this section of check paintings, comprising 46 Variability Composites, from which one Grasp Composite used to be assembled, all of which have been examined for gold extraction.

The scope of labor consisted of chemical and mineralogical analyses, environmental characterization, status quo of comminution parameters, gold extraction modes, reagent intake, cyanide detoxing, and solid-liquid official separation houses for procedure and tailings streams. The result of the chemical and mineralogical analyses have been very matching to the former check paintings finished for Keats Primary, Lotto and Yellowish Joint.

Effects point out that Iceberg and Iceberg East are matching to the alternative mineralized zones examined within the branch, which might be normally high-grade, and include important free-milling gold which is amenable to each gravity and leach extraction. Separate gold grains more than 150 microns in measurement have been noticed predominantly within the quartz veins positioned all the way through those zones. The common gold weighted extraction share for Iceberg and Iceberg East used to be 96.9%. The common gold weighted extraction share for adjoining examined mineralized zones, Keats Primary, Lotto and Yellowish Joint, ranged from 90.1% to 96.9%, when decreased to a product measurement of 75 microns (Desk 1). Those gold extraction percentages have been accomplished the use of gravity official separation and standard carbon-in-leach (CIL) applied sciences. Decrease gold extraction values have been learned for particular person Variability Composite samples that had gold head assay values of not up to 2 grams in keeping with tonne.

Decrease gold extraction tendencies have been noticed in samples containing natural carbon, in addition to arsenopyrite and pyrite. In spite of the Overall Natural Carbon (TOC) of each and every examined mineralized zone being not up to 0.1%, it used to be showed that probably the most sampled subject material used to be mildly preg-robbing, despite the fact that simply controlled by way of the use of CIL for gold extraction at the higher-grade fabrics. A correlation between tailings gold grade and arsenic content material used to be additionally noticed; with the tail grade expanding as a serve as of accelerating arsenic content material.

Comminution check paintings indicated that the examined subject material had a median SMC Axb index of roughly 64 and a median Bond Paintings Index (BWI) of roughly 18.3 kWh/t, which might be regarded as a medium dried ore for SAG milling and medium dried ore for ball milling.

The Corporate retained metallurgist Gary Simmons as an distant advisor to design and keep tabs on the metallurgical check paintings program at Queensway. Mr. Simmons is an across the world known metallurgist who prior to now served as Director of Metallurgy and Generation of Newmont Mining Company, the place he controlled the company metallurgical laboratory and R&D team of workers chargeable for world Newmont procedure building and engineering design initiatives.

Laboratory check paintings used to be performed by way of Bottom Metallurgical Laboratory Ltd. in Kamloops, British Columbia.

Certified Particular person

The clinical and technical data disclosed on this press let fall used to be reviewed and licensed by way of Greg Matheson, P. Geo., Working Officer, and a Certified Particular person as outlined beneath Nationwide Software 43-101. Mr. Matheson concurs to the newsletter of this press let fall dated November 1, 2024, by way of Fresh Discovered. Mr. Matheson certifies that this press let fall relatively and appropriately represents the clinical and technical data that methods the root for this press let fall.

About Fresh Discovered Gold Corp.

Fresh Discovered holds a 100% passion within the Queensway Undertaking, positioned 15km west of Gander, Newfoundland and Labrador, and simply 18km from Gander Global Airport. The mission is intersected by way of the Trans-Canada Freeway and has logging roads crosscutting the mission, elevated voltage electrical energy traces working during the mission branch, and simple get entry to to a extremely professional team of workers. The Corporate is lately enterprise a 650,000m drill program at Queensway and is definitely funded for this program with money and marketable securities of roughly $35 million as of November 2024.

The following the Corporate’s web site at www.newfoundgold.ca and the Corporate’s SEDAR+ profile at www.sedarplus.ca.

Acknowledgements

Fresh Discovered recognizes the monetary help of the Youth Exploration Aid Program, Area of Herbal Assets, Govt of Newfoundland and Labrador.

Touch

To touch the Corporate, please talk over with the Corporate’s web site, www.newfoundgold.ca and assemble your request thru our investor inquiry method. Our control has a assurance to be involved with any investor inquiries inside of 24 hours.

Fresh Discovered Gold Corp.
In line with: “Collin Kettell”
Collin Kettell, Government Officer

Neither the TSX Undertaking Alternate nor its Law Products and services Supplier (as that time period is outlined within the insurance policies of the TSX Undertaking Alternate) accepts duty for the adequacy or accuracy of this let fall.

Ahead-Taking a look Remark Cautions

This press let fall incorporates sure “forward-looking statements” throughout the which means of Canadian securities regulation, in relation to exploration, drilling and mineralization at the Corporate’s Queensway gold mission in Newfoundland and Labrador; the result of the 2024 Segment II metallurgical checking out program, the translation of such effects and control’s expectancies in line with such effects; the stream Segment III metallurgical checking out program and timing indistinguishable thereto; assay effects; the translation of drilling and assay effects, the possible and extent of mineralization and the invention of zones of high-grade gold mineralization; plans for date exploration and drilling, together with the timing and advantages of identical; the deserves of the Queensway mission; the Corporate’s sampling and Detail Word of honour/Detail Regulate procedures; and investment of the Corporate, together with the drilling program. Even if the Corporate believes that such statements are cheap, it may give disagree promise that such expectancies will end up to be proper. Ahead-looking statements are statements that don’t seem to be ancient info; they’re normally, however now not all the time, known by way of the phrases “expects”, “plans”, “anticipates”, “believes”, “interpreted”, “intends”, “estimates”, “projects”, “aims”, “suggests”, “indicate”, “often”, “target”, “future”, “likely”, “pending”, “potential”, “goal”, “objective”, “prospective”, “possibly”, “preliminary”, and matching expressions, or that occasions or statuses “will”, “would”, “may”, “can”, “could” or “should” happen, or are the ones statements, which, by way of their nature, the following date occasions. The Corporate cautions that forward-looking statements are in line with the ideals, estimates and critiques of the Corporate’s control at the future the statements are made, they usually contain various dangers and uncertainties. In consequence, there can also be disagree words that such statements will end up to be correct and fresh effects and date occasions may range materially from the ones expected in such statements. Excluding to the level required by way of appropriate securities rules and the insurance policies of the TSX Undertaking Alternate, the Corporate undertakes disagree legal responsibility to replace those forward-looking statements if control’s ideals, estimates or critiques, or alternative components, will have to trade. Elements that would reason date effects to range materially from the ones expected in those forward-looking statements come with dangers related to imaginable injuries and alternative dangers related to mineral exploration operations, the chance that the Corporate will stumble upon unanticipated geological components, dangers related to the translation of exploration, drilling and assay effects, the likelihood that the Corporate would possibly not be capable of book allowing and alternative governmental clearances essential to hold out the Corporate’s exploration plans, the chance that the Corporate will be unable to boost sufficient resources to hold out its industry plans, and the chance of political uncertainties and regulatory or prison adjustments that may intrude with the Corporate’s industry and possibilities. The reader is instructed to the following the Corporate’s Annual Data Method and Control’s dialogue and Research, publicly to be had during the Canadian Securities Directors’ Machine for Digital Record Research and Retrieval (SEDAR+) at www.sedarplus.ca for a extra entire dialogue of such possibility components and their doable results.

SOURCE Fresh Discovered Gold Corp.

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