New Found Gold Corp. (TSE:NFG) has released an update.
New Found Gold Corp. has reported successful results from its Phase I metallurgical tests at the Queensway Project, with gold extraction rates ranging from 90% to 96% across three mineralized zones using gravity separation and carbon-in-leach methods. These findings underscore the project’s high-grade nature and the effectiveness of conventional extraction techniques. The company is now progressing to Phase II testing, indicating strong potential for the Queensway Project’s future operations.
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