New Found Gold Enhances Queensway Project Royalties

New Found Gold (TSE:NFG) has released an update.

New Found Gold Corp. has expanded its control over royalties at its Queensway Project, purchasing a 0.6% net smelter return from vendors, with an option to acquire the remaining 1%. The deal, involving cash and stock totaling over $1.9 million, strengthens the company’s hold over key mineralized zones and reduces future royalty burdens.

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