VANCOUVER, BC, Jan. 20,
2025 /PRNewswire/ - New Found Gold Corp.
("New Found" or the "Company") (TSXV: NFG) (NYSE-A:
NFGC) is pleased to announce the appointment of Keith Boyle as Chief Executive Officer of New
Found. Mr. Boyle is a highly experienced executive and operator,
having successfully helped lead several development projects
throughout his career. Most recently, as Chief Operating Officer,
Keith led the accelerated advancement of Reunion Gold's
Oko West discovery through to
acquisition by G Mining Ventures for $870
million.
Paul Huet, Independent Chairman
of New Found, stated: "We are thrilled to welcome Keith Boyle as the new Chief Executive Officer
of New Found. With his extensive experience and proven leadership
in developing successful mining operations around the globe, Keith
is ideally positioned to guide the Queensway Project into its next
phase of growth and value creation."
"On behalf of the board, I also want to express my deep
gratitude to Collin Kettell for his
outstanding nine years of service leading the Company. Collin's
vision and dedication have been instrumental in building New Found
into the strong, well-positioned company it is today. We wish
him all the best in his future endeavors."
In his first public address as incoming Chief Executive Officer,
Mr. Boyle stated: "The Queensway Project represents a rare and
exciting opportunity to lead a team through the advanced discovery
phase and beyond in an emerging gold district while in the top-tier
jurisdiction of Newfoundland. It
is with great pleasure that I join this remarkable team that has
taken this project from a concept, amalgamated a district-scale
property package, and delivered discovery after discovery. As CEO,
my leadership goals will focus on realizing the untapped potential
at Queenway while ensuring the Company remains well positioned and
ready for the possibility of future development, delivering value
to all stakeholders."
Mr. Boyle's appointment follows the resignation of Collin Kettell as Chief Executive Officer. Mr.
Kettell will remain a director of the Company.
Collin Kettell, founder and
director of New Found, stated: "It has been a great pleasure
working closely with the New Found team over the past several
years. I am grateful to have been a part of such an incredible
discovery. Transitioning out of this role has been made easier
knowing the Queensway Project will be left in Keith's very capable
hands. I look forward to continuing to support the Company moving
forward as both a director and a significant shareholder."
Keith Boyle,
Biography
Keith Boyle holds a Bachelor of
Science in Mining Engineering and an M.B.A. from the University of Alberta, is a member of the
Association of Professional Engineers of Ontario, and has 40 years of experience -
the last 17 years being a Chief Operating Officer in precious and
base metals systems, at both open pit and underground operations
in North America and internationally, including periods
in Guyana, Australia, Papua New Guinea, USA, and Madagascar. This work has been performed for
both senior and junior companies including Reunion Gold
Corporation, Superior Gold Inc., Placer Dome Inc., Aur Resources
Inc., Inco Ltd., Cominco Ltd., Dynatec Corp, Alexis Minerals Inc.,
Chieftain Metals Corp., and Titan Mining Corporation. He last
worked at Reunion Gold Corporation where he fast tracked the
development of the Oko West Project in Guyana until its acquisition in July 2024 for $870
million. During his career, Keith has demonstrated expertise
in several key areas including project development, technical
studies, stakeholder relations, operating efficiencies and
optimizing operations, cost control, and managing budgets for
improved financial performance.
About New Found Gold Corp.
New Found holds a 100% interest in the Queensway Project,
located 15km west of Gander,
Newfoundland and Labrador,
and just 18km from Gander
International Airport. The project is intersected by the
Trans-Canada Highway and has logging roads crosscutting the
project, high voltage electric power lines running through the
project area, and easy access to a highly skilled workforce. The
Company is currently undertaking a 650,000m drill program at Queensway and is well
funded for this program with cash and marketable securities of
approximately $23 million as of
January 2025.
Please see the Company's website at www.newfoundgold.ca and
the Company's SEDAR+ profile at www.sedarplus.ca.
Contact
To contact the Company, please visit the Company's website,
www.newfoundgold.ca and make your request through our investor
inquiry form. Our management has a pledge to be in touch with any
investor inquiries within 24 hours.
New Found Gold Corp.
Per: "Paul Huet"
Paul Huet, Independent Chairman
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statement Cautions
This press release contains certain "forward-looking statements"
within the meaning of Canadian securities legislation, relating to
the merits and potential of the Queensway Project; exploration,
drilling and mineralization on the Queensway Project;
mineralization and the discovery of zones of high-grade gold
mineralization; plans for future exploration and drilling; and
funding of the drilling program. Although the Company believes that
such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements
are statements that are not historical facts; they are generally,
but not always, identified by the words "expects", "plans",
"anticipates", "believes", "interpreted", "intends", "estimates",
"projects", "aims", "suggests", "indicate", "often", "target",
"future", "likely", "pending", "potential", "goal", "objective",
"prospective", "possibly", "preliminary", and similar expressions,
or that events or conditions "will", "would", "may", "can", "could"
or "should" occur, or are those statements, which, by their nature,
refer to future events. The Company cautions that forward-looking
statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made, and they
involve a number of risks and uncertainties. Consequently, there
can be no assurances that such statements will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such statements. Except to the extent required
by applicable securities laws and the policies of the TSX Venture
Exchange, the Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change. Factors that could cause
future results to differ materially from those anticipated in these
forward-looking statements include risks associated with possible
accidents and other risks associated with mineral exploration
operations, the risk that the Company will encounter unanticipated
geological factors, risks associated with the interpretation of
exploration, drilling and assay results, the possibility that the
Company may not be able to secure permitting and other governmental
clearances necessary to carry out the Company's exploration plans,
the risk that the Company will not be able to raise sufficient
funds to carry out its business plans, and the risk of political
uncertainties and regulatory or legal changes that might interfere
with the Company's business and prospects. The reader is urged to
refer to the Company's Annual Information Form and Management's
discussion and Analysis, publicly available through the Canadian
Securities Administrators' System for Electronic Document Analysis
and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete
discussion of such risk factors and their potential effects.
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SOURCE New Found Gold Corp.