New Found Gold Reports High-Grade Discoveries at Dropkick Zone, Boosts Queensway Project

i-80 Gold Corp. has released positive results from its updated preliminary economic assessment for the Cove Project in Nevada, suggesting strong potential for its mining strategy with a projected after-tax NPV of $271 million and an IRR of 30%. Meanwhile, New Found Gold Corp. has reported significant high-grade gold intercepts from its Dropkick Zone within the Queensway Project, with results indicating potential for substantial resource expansion along the Appleton Fault Zone. These findings, including intercepts of 89.5 g/t Au over 5.85m, highlight the project's economic viability and strategic importance. Both companies are advancing their respective projects, with New Found Gold also working towards a maiden resource estimate and further assessments expected in early Q2 2025. The promising results from these mineral exploration efforts reflect a growing optimism in the mining sector, particularly for gold resources. Investors are keenly watching these developments as they could significantly impact the companies' operational strategies and financial outlooks.