New Found Gold shares surge 11.87% premarket as drilling confirms high-grade near-surface gold continuity at Keats zone.

New Found Gold surged 11.87% in premarket trading following the release of high-grade gold drilling results at its Keats zone within the Queensway Gold Project. The company reported multiple near-surface gold intercepts, including 508 g/t Au over 2.20 meters and 27.0 g/t Au from surface, confirming strong continuity of mineralization. These results align with the company’s preliminary economic assessment and underscore the project’s high-grade potential. Melissa Render, the president, highlighted that the findings validate the resource model and support mine planning, while the 2026 drill program, now underway, aims to expand grade control drilling. The news reinforced investor confidence in the company’s advancing Queensway project, a key driver of near-term production potential.