{"id":740146,"date":"2023-03-15T06:33:33","date_gmt":"2023-03-15T10:33:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/"},"modified":"2023-03-15T06:33:33","modified_gmt":"2023-03-15T10:33:33","slug":"new-found-announces-increased-weighting-by-gdxj","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/","title":{"rendered":"New Found Announces Increased Weighting by GDXJ"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwpagebreakafter { page-break-after: always }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>New Found Announces Increased Weighting by GDXJ<\/b><\/p>\n<p>VANCOUVER, British Columbia&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>New Found Gold Corp.<\/b> (\u201c<b>New Found<\/b>\u201d or the \u201c<b>Company<\/b>\u201d) (TSX-V: NFG, NYSE-A: NFGC) is pleased to provide an update on its weighting in the VanEck Junior Gold Miners ETF (\u201c<b>GDXJ<\/b>\u201d). The Company\u2019s 100%-owned Queensway project comprises a 1,662km<sup>2<\/sup> area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.\n<\/p>\n<p><b>Highlights:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Index weighting of New Found in the GDXJ is anticipated to increase from 0.32% to 0.42%<\/b> following a rebalancing on March 17, 2023. In order to reflect the ~10bps weighting increase in New Found, the GDXJ, which has an AUM of ~US$3.8bln, is expected to purchase additional shares of New Found.\n<\/li>\n<li>\nNew Found was initially added to the GDXJ on December 18, 2020. Following Friday\u2019s rebalancing, the GDXJ will be increasing its exposure to New Found by ~31%.\n<\/li>\n<\/ul>\n<p>\nCollin Kettell, Founder and CEO of New Found, stated: \u201cThe GDXJ is a primary conduit for capital flows into the junior and midcap space. New Found\u2019s inclusion in the GDXJ provides the Company with additional visibility and access to a larger investor base and this week\u2019s rebalancing and increased index weighting is welcome news as we continue to execute on our aggressive exploration plans at Queensway.\u201d\n<\/p>\n<p><b>About New Found Gold Corp.<\/b><\/p>\n<p>\nNew 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 has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 500,000m drill program at Queensway and is well funded for this program with cash and marketable securities of approximately $72-million as of March 2023.\n<\/p>\n<p>\nPlease see the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.newfoundgold.ca&amp;esheet=53362384&amp;newsitemid=20230315005388&amp;lan=en-US&amp;anchor=www.newfoundgold.ca&amp;index=1&amp;md5=02efda1032b58e8890d191783782dcf2\">www.newfoundgold.ca<\/a> and the Company\u2019s SEDAR profile at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com&amp;esheet=53362384&amp;newsitemid=20230315005388&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=2&amp;md5=9cb537bd7c6a970a80e8b59827be9f95\">www.sedar.com<\/a>.\n<\/p>\n<p><b>Acknowledgements<\/b><\/p>\n<p>\nNew Found acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.\n<\/p>\n<p><b>Contact<\/b><\/p>\n<p>\nTo contact the Company, please visit the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.newfoundgold.ca&amp;esheet=53362384&amp;newsitemid=20230315005388&amp;lan=en-US&amp;anchor=www.newfoundgold.ca&amp;index=3&amp;md5=db4a54cf0d2ebb837e238647832d6db7\">www.newfoundgold.ca<\/a> and make your request through our investor inquiry form. Our management has a pledge to be in touch with any investor inquiries within 24 hours.\n<\/p>\n<p><b>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/b><\/p>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>Forward-Looking Statement Cautions<\/b><\/p>\n<p>\nThis press release contains certain \u201cforward-looking statements\u201d within the meaning of Canadian securities legislation, relating to exploration, drilling and mineralization on the Company\u2019s Queensway gold project in Newfoundland and Labrador; assay results; the interpretation of drilling and assay results, the results of the drilling program, mineralization and the discovery of zones of high-grade gold mineralization; plans for future exploration and drilling and the timing of same; the merits of the Queensway project; future press releases by the Company; and funding of the drilling program. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words \u201cexpects,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cinterpreted,\u201d \u201cintends,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201caims,\u201d \u201csuggests,\u201d \u201cindicate,\u201d \u201coften,\u201d \u201ctarget,\u201d \u201cfuture,\u201d \u201clikely,\u201d \u201cpending,\u201d \u201cpotential,\u201d \u201cgoal,\u201d \u201cobjective,\u201d \u201cprospective,\u201d \u201cpossibly,\u201d \u201cpreliminary\u201d, and similar expressions, or that events or conditions \u201cwill,\u201d \u201cwould,\u201d \u201cmay,\u201d \u201ccan,\u201d \u201ccould\u201d or \u201cshould\u201d occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company&#8217;s management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management&#8217;s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of assay results and the drilling program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company&#8217;s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company&#8217;s business and prospects. The reader is urged to refer to the Company&#8217;s Annual Information Form and Management\u2019s discussion and Analysis, publicly available through the Canadian Securities Administrators&#8217; System for Electronic Document Analysis and Retrieval (SEDAR) at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com&amp;esheet=53362384&amp;newsitemid=20230315005388&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=4&amp;md5=1f2bae37778b32b7deee44cc4d8f6e80\">www.sedar.com<\/a> for a more complete discussion of such risk factors and their potential effects.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230315005388r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230315005388\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230315005388\/en\/<\/a><\/span><\/p>\n<p>\nNew Found Gold Corp.<br \/>\n<br \/>Per: \u201cCollin Kettell\u201d<br \/>\n<br \/>Collin Kettell, Chief Executive Officer<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ckettell@newfoundgold.ca\">ckettell@newfoundgold.ca<br \/>\n<\/a><br \/>+1 (845) 535-1486\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Mining\/Minerals Natural Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230315005388\/en\/1739072\/3\/NFG_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>New Found Announces Increased Weighting by GDXJ VANCOUVER, British Columbia&#8211;(BUSINESS WIRE)&#8211;New Found Gold Corp. (\u201cNew Found\u201d or the \u201cCompany\u201d) (TSX-V: NFG, NYSE-A: NFGC) is pleased to provide an update on its weighting in the VanEck Junior Gold Miners ETF (\u201cGDXJ\u201d). The Company\u2019s 100%-owned Queensway project comprises a 1,662km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. Highlights: Index weighting of New Found in the GDXJ is anticipated to increase from 0.32% to 0.42% following a rebalancing on March 17, 2023. In order to reflect the ~10bps weighting increase in New Found, the GDXJ, which has an AUM of ~US$3.8bln, is expected to purchase additional shares of New Found. New Found was initially added to the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New Found Announces Increased Weighting by GDXJ&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-740146","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Found Announces Increased Weighting by GDXJ - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Found Announces Increased Weighting by GDXJ - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New Found Announces Increased Weighting by GDXJ VANCOUVER, British Columbia&#8211;(BUSINESS WIRE)&#8211;New Found Gold Corp. (\u201cNew Found\u201d or the \u201cCompany\u201d) (TSX-V: NFG, NYSE-A: NFGC) is pleased to provide an update on its weighting in the VanEck Junior Gold Miners ETF (\u201cGDXJ\u201d). The Company\u2019s 100%-owned Queensway project comprises a 1,662km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. Highlights: Index weighting of New Found in the GDXJ is anticipated to increase from 0.32% to 0.42% following a rebalancing on March 17, 2023. In order to reflect the ~10bps weighting increase in New Found, the GDXJ, which has an AUM of ~US$3.8bln, is expected to purchase additional shares of New Found. New Found was initially added to the &hellip; Continue reading &quot;New Found Announces Increased Weighting by GDXJ&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-15T10:33:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230315005388r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-found-announces-increased-weighting-by-gdxj\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-found-announces-increased-weighting-by-gdxj\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"New Found Announces Increased Weighting by GDXJ\",\"datePublished\":\"2023-03-15T10:33:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-found-announces-increased-weighting-by-gdxj\\\/\"},\"wordCount\":906,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-found-announces-increased-weighting-by-gdxj\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230315005388r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-found-announces-increased-weighting-by-gdxj\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-found-announces-increased-weighting-by-gdxj\\\/\",\"name\":\"New Found Announces Increased Weighting by GDXJ - 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(\u201cNew Found\u201d or the \u201cCompany\u201d) (TSX-V: NFG, NYSE-A: NFGC) is pleased to provide an update on its weighting in the VanEck Junior Gold Miners ETF (\u201cGDXJ\u201d). The Company\u2019s 100%-owned Queensway project comprises a 1,662km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. Highlights: Index weighting of New Found in the GDXJ is anticipated to increase from 0.32% to 0.42% following a rebalancing on March 17, 2023. In order to reflect the ~10bps weighting increase in New Found, the GDXJ, which has an AUM of ~US$3.8bln, is expected to purchase additional shares of New Found. New Found was initially added to the &hellip; Continue reading \"New Found Announces Increased Weighting by GDXJ\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/","og_site_name":"Market Newsdesk","article_published_time":"2023-03-15T10:33:33+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230315005388r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"New Found Announces Increased Weighting by GDXJ","datePublished":"2023-03-15T10:33:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/"},"wordCount":906,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230315005388r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-announces-increased-weighting-by-gdxj\/","name":"New Found Announces Increased Weighting by GDXJ - 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