– CANADA, Toronto – New Found Gold Corp. (TSX: NFG | NYSE-A: NFGC) today announced the appointment of Raymond Threlkeld to its Board as an independent director.
“I am thrilled to welcome Raymond Threlkeld as an independent director of the Company. Raymond is a seasoned mining professional with over 40 years of technical and executive experience in mineral exploration, project development, and mine construction and operation. Raymond also brings extensive board experience including serving as a director of Calibre Mining and Kirkland Lake Gold. I am excited for the contributions and insights Raymond will bring to our Company.” said CEO, Collin Kettell.
About Raymond Threlkeld
- Mr. Threlkeld is a geologist with over 40 years of extensive technical expertise managing teams through exploration, reserve estimates, feasibility studies, and construction, leading several operations through to production including Cowal Gold Mine – Australia, Veledaro – Argentina, Lagunas Norte & Pierina – Peru, and Bulyanhulu – Tanzania. The Pierina Mine produced over 8 million ounces of gold in a 20-year period and launched Barrick Gold to the top of the South American mining industry.
- In senior executive positions with Barrick Gold, Western Goldfields, Newmarket Gold, Inc., and Rainy River Resources, among others, Mr. Threlkeld has been involved in the acquisition of more than $1 billion in assets, managed an estimated $1.4-billion in construction spending, and created billions in shareholder value.
- As Chairman of Newmarket Gold, Inc., the team sold the company for more than $1 billion in 2016. The sale of Newmarket Gold created over $ 4 billion in value for Newmarket shareholders from an initial acquisition cost of $25 million.
- Mr. Threlkeld was inducted into the U.S. National Mining Hall of Fame in 2020.
Raymond Threlkeld said, “New Found Gold presents an extremely exciting exploration and development opportunity. The Queensway Project is as close to a Fosterville analog as I have seen and has excellent exploration potential as it is open in all directions along a strike length of 100km and only explored to very shallow depths. The multiple high-grade free-gold zones at Queensway certainly have the potential to extend far beyond the current exploration efforts. Exploration will continue at Queensway to identify shallow high-grade gold and determine a base for long-term mine development. I look forward to working with Collin, the Board and the entire New Found team in advancing this exciting new high-grade gold discovery.”
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 numerous logging roads, high voltage electric power lines run through the project area, and the Company benefits from a highly skilled local workforce. The Company is currently undertaking a 400,000m drill program at Queensway, now approximately 69% complete. The Company is well funded for this program with cash and marketable securities of approximately $62 million as of October 2022.
For more information: https://newfoundgold.ca/
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