New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (April 2022)
41 slides from New Found Gold's investor presentation, April 2022
Slide 1: Canada's Newest High-Grade Gold Discovery
CANADA’S NEWEST HIGH-GRADE GOLD DISCOVERY TSX-V: NFG NYSE-A: NFGC
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain forward-looking statements within the meaning of Canadian securities legislation (the “Forward-looking Statements”), including with respect to the exploration and drill programs at the Company’s Queensway Project in Newfoundland. Although the Company bel
Slide 3: Contents
CONTENTS SECTION 1 CORPORATE OVERVIEW 04 SECTION 2 QUEENSWAY PROJECT OVERVIEW 10 SECTION 3 QUEENSWAY NORTH 18 SECTION 4 QUEENSWAY SOUTH 34 SECTION 5 FOSTERVILLE SWAN ZONE ANALOG 38 3 TSX-V: TSX-V:NFG, NFG,NYSE-A: NYSE-A:NFGC NFGC 3
Slide 4: Corporate Overview
SECTION 1 CORPORATE OVERVIEW TSX-V: NFG, NYSE-A: NFGC 4
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS Project located on Trans-Canada Highway Drilling advancing on Keats, Golden Joint, and Lotto Zones Drilling planned or underway to test multiple 15km west of Gander, Newfoundland. located along 2.6km of strike on the Appleton Fault Zone. additional targets along approximately 2
Slide 6: Capitalization
CAPITALIZATION CURRENT OWNERSHIP Basic Shares Outstanding 164,242,970 31%* PALISADES GOLD CORP Broker Warrants @ $1.30 and $1.50 strike 37,216 22% Options 14,570,000 ERIC SPROTT Fully Diluted Shares Outstanding 178,850,186 9% NOVO RESOURCES CORP Working Capital C$ 111M Market Capitalization* C$ 1.29
Slide 7: Leadership Team
LEADERSHIP TEAM Collin Kettell Craig Roberts, P.Eng. Denis Laviolette Dr. Quinton Hennigh Douglas Hurst Founder & Executive Chairman CEO & Director Founder & President Director Director Collin is the Founder & Executive Professional mining engineer with Over 10 years of experience in Economic geolog
Slide 8: Key People
KEY PEOPLE Michael Kanevsky, CPA Greg Matheson, P.Geo. Melissa Render, P.Geo. Ken Rattee Bassam Moubarak CFO COO V.P. of Exploration Senior Geologist Advisor A Chartered Professional A professional geologist An exploration geologist Over 36 years’ experience Finance professional with Accountant with
Slide 9: History / Exploration Timeline
HISTORY / EXPLORATION TIMELINE Golden Joint high-grade New Found is listed for zone extended to 305m Extensive geological trading on the NYSE- vertical depth Completed 9 separate mapping, and Announced American exchange property transactions, geochemical (gold-in- Announced high-grade Two new high-g
Slide 10: Queensway Project Overview
SECTION 2 QUEENSWAY PROJECT OVERVIEW TSX-V: NFG, NYSE-A: NFGC 10
Slide 11: Project Overview
PROJECT OVERVIEW QUEENSWAY NORTH • Initial drilling testing multiple high-grade targets along 9.45km of Appleton Fault Zone • Testing of targets on 12.4km of JBP Fault Zone now underway QUEENSWAY SOUTH • Work continues to vector onto targets on over 70km of prospective strike on Queensway South • Fo
Slide 12: Queensway North
QUEENSWAY NORTH • 400,000m drill program ongoing now ramping up from ten to fourteen drills • Property wide approximately 136,000m of drilling completed to date, with assays for 32,400m of drilling pending. At Keats assays for 105 holes of 248 drilled to date are pending • Step out drilling continui
Slide 13: Geologic Setting
GEOLOGIC SETTING BALTICA • Appalachian Orogeny - collision of Laurentia with Gondwana and it’s micro-continents (Gandaria and Avalonia) HBF DOG BAY LINE Greenland Britain • The Dog Bay Line (DBL) – major suture formed by DALRADIAN the closing of the Iapetus Ocean and can be found Irelan on both side
Slide 14: Orogenic Au Environment
OROGENIC AU ENVIRONMENT Penobscot Gander Ophiolites Group QUEENSWAY Iapetus Ocean • Continent-Continent PROJECT Exploits Basin collision and terrane accretion Davidsville Group • Development of Indian Islands Gr. major regional- Botwood Group scale deep-seated structures • Magmatism, metamorphism, d
Slide 15: Litho-Structural Setting
LITHO-STRUCTURAL SETTING NW SE NW SE NW SE penetrative mineralized low- fabric displacement faults Dog Bay line GRC line increasing slip on decollement slip on decollement oceanic crust oceanic crust oceanic crust Progressive compression, folding, faulting and mineralization of sediments. High-grade
Slide 16: Property Geology
PROPERTY GEOLOGY Detailed Map Area • Predominantly Ordovician Davidsville Group • Shallow marine siliciclastic sedimentary rocks (mudstone, siltstone, Detailed Map sandstone, conglomerate with minor carbonate, 1744 volcanic and intrusive rocks Lotto Golden Joint • Unconformably overlies the Gander R
Slide 17: Victorian Goldfields Analogy
VICTORIAN GOLDFIELDS ANALOGY • Gold mineralization hosted in middle Ordovician sediments, of sub-greenschist to Geologic comparison of Victoria Goldfields and Central Gold Belt, Newfoundland greenschist metamorphic grade Victoria Goldfields, Central Gold Belt, Australia Newfoundland • Gold mineraliz
Slide 18: Queensway North
SECTION 3 QUEENSWAY NORTH TSX-V: NFG, NYSE-A: NFGC 18
Slide 19: Appleton Fault Zone
APPLETON FAULT ZONE • Drilling continues to test a corridor up to approximately 1km wide along 9.45km of strike along the Appleton Fault Zone • Recent high-grade drill intervals returned from Appleton Fault Zone at Keats, Golden Joint, and Lotto along 2.6km of strike on the AFZ • This corridor encom
Slide 20: Keats to Lotto 2.7 km Long Section
KEATS TO LOTTO 2.7 KM LONG SECTION Keats Highlights – Main Zone Golden Joint Highlights – Main Zone Lotto Highlights Hole No. Interval (m) Au (g/t) Hole No. Interval (m) Au (g/t) Hole No. Interval (m) Au (g/t) Hole No. Interval (m) Au (g/t) NFGC-19-01 19.00 92.86 NFGC-21-122 9.15 106.46 NFGC-21-171
Slide 21: Keats Long Section
KEATS LONG SECTION Keats Highlights - Main Zone Hole No. NFGC-19-01 Interval (m) 19.00 Au (g/t) 92.86 NFGC-20-19 18.85 31.20 NFGC-20-21 18.35 15.80 NFGC-20-23 41.35 22.30 NFGC-20-26 6.85 44.50 NFGC-20-29 16.85 25.00 NFGC-20-32 13.10 45.30 NFGC-20-37 10.30 25.00 NFGC-20-41 10.40 22.50 And 15.90 31.40
Slide 22: Keats High-Grade Controls
KEATS HIGH-GRADE CONTROLS • Intersecting veins • Intersecting faults • Keats Main Fault-F1 fold hinge intersection 28/232 • Keats Main Fault and Greywacke bed intersection • Dilational jog Dilational Zone ? J. Fingas 2022 TSX-V: NFG, NYSE-A: NFGC 22 TSX-V: NFG, NYSE-A:NFGC 22
Slide 23: Keats Plan Map
KEATS PLAN MAP Keats Highlights - Main Zone Hole No. NFGC-19-01 Interval (m) 19.00 Au (g/t) 92.86 NFGC-20-19 18.85 31.20 NFGC-20-21 18.35 15.80 NFGC-20-23 41.35 22.30 NFGC-20-26 6.85 44.50 • High-grade gold now NFGC-20-29 16.85 25.00 NFGC-20-32 13.10 45.30 drill defined over 530m NFGC-20-37 10.30 25
Slide 24: Keats Cross Section
KEATS CROSS SECTION True widths of the new exploration intercepts in this presentation are uncertain. Host structures along the Appleton Fault Zone are generally interpreted to be steeply dipping and true widths are estimated to be 85% to 95% of reported widths at Keats, 80% TSX-V: NFG, NYSE-A: NFGC
Slide 25: Golden Joint to Lotto
GOLDEN JOINT TO LOTTO Golden Joint Highlights – Main Zone Hole No. Interval (m) Au (g/t) NFGC-21-171 4.85 10.36 • Targets along this NFGC-21-181 NFGC-21-213 2.00 2.10 20.70 12.24 approximately 1km NFGC-21-241 5.25 430.17 wide corridor NFGC-21-307B 2.90 24.59 include Golden NFGC-21-322 2.40 25.78 NFG
Slide 26: Golden Joint Long Section
GOLDEN JOINT LONG SECTION • Golden Joint is a new discovery area approximately 1km north of the Keats Zone • An intercept of 430.2 g/t Au over 5.25m in hole NFGC-21- 241 in new discovery at Golden Joint Zone announced June 30, 2021 Golden Joint Highlights – Main Zone Hole No. Interval (m) Au (g/t) N
Slide 27: Golden Joint Plan View
GOLDEN JOINT PLAN VIEW • An intercept of 430.2 g/t Au over 5.25m in hole NFGC-21-241 in recent discovery at Golden Joint Zone, approximately 1km north of Keats Golden Joint Highlights – Main Zone Hole No. Interval (m) Au (g/t) NFGC-21-171 4.85 10.36 NFGC-21-181 2.00 20.70 NFGC-21-213 2.10 12.24 NFGC
Slide 28: Lotto Long-Section
LOTTO LONG-SECTION • Drilling to date at Lotto has defined a zone of high-grade gold mineralization with good continuity to a depth of approximately 130m and open • Mineralization is hosted in an approximately 65o dipping vein filled structure and is interpreted to display epizonal features similar
Slide 29: Lotto Composite Cross-Section
LOTTO COMPOSITE CROSS-SECTION True widths of the new exploration intercepts in this presentation are uncertain. Host structures along the Appleton Fault Zone are generally interpreted to be steeply dipping and true widths are estimated to be 85% to 95% of reported widths at Keats, 80% to 90% at TSX-
Slide 30: Example High-Grade Mineralization
EXAMPLE HIGH-GRADE MINERALIZATION Lotto Zone: NFGC-21-100 @ 120.0m Keats Zone: NFGC-19-01 @ 106.5m Keats Zone: NFGC-20-45 @ 47.5m TSX-V: NFG, NYSE-A: NFGC 30
Slide 31: Example High-Grade Mineralization
EXAMPLE HIGH-GRADE MINERALIZATION Golden Joint Zone: NFGC-21-241 between 207.85m and 213.1m *Note that these photos are not intended to be representative of gold mineralization in hole NFGC-21-241. TSX-V: TSX-V:NFG, NFG,NYSE-A: NYSE-A:NFGC NFGC 31
Slide 32: Drill Testing 12.4km on JBP Fault Zone
DRILL TESTING 12.4KM ON JBP FAULT ZONE High-grade gold system along 12.4km strike length of the JBP Fault Zone • Significant opportunity for expansion from the existing zones along strike and at depth. • Very few drill holes reach below 100m vertical depth and significant distances exist between gol
Slide 33: Regional Exploration
REGIONAL EXPLORATION • Systematic drilling underway to test +20km prospective strike. • New vectoring methods are being applied, developed utilizing signatures from discoveries at Keats and Lotto and regional data including geophysics and structural mapping. TSX-V: TSX-V:NFG, NFG,NYSE-A: NYSE-A:NFGC
Slide 34: Queensway South
SECTION 4 QUEENSWAY SOUTH TSX-V: NFG, NYSE-A: NFGC 34
Slide 35: Gold in Till Survey
GOLD IN TILL SURVEY • In 2018 a regional scale till sampling program was completed targeting a 60km strike length of the southern extension of the Appleton and JBP Fault Zone utilizing a 2km x 2km grid. • Following up on results from this work, a secondary infill gold-in- till survey was then comple
Slide 36: Target Development
TARGET DEVELOPMENT • The gold-in-till survey work has outlined six broad areas of anomalous in gold in till counts, as shown in red in figure to the right. • These anomalies are coincident with projections of the Appleton and JBP faults, made based on geophysical survey work. • Field work to date ha
Slide 37: Eastern Pond
EASTERN POND The Eastern Pond target is located approximately 45km south of Queensway North drill program. • Work to date has yielded very high gold-grain- in-till counts with high percentages of pristine gold grains. • Sub-crop samples have returned grade of up to 15.0 g/t Au. • 4km of strike defin
Slide 38: Fosterville Swan Zone Analog
SECTION 5 FOSTERVILLE SWAN ZONE ANALOG TSX-V: NFG, NYSE-A: NFGC 38
Slide 39: Comparison to Fosterville Swan Zone
COMPARISON TO FOSTERVILLE SWAN ZONE 1 cm 1 cm 1 cm 1 cm QUEENSWAY PROJECT FOSTERVILLE MINE QUEENSWAY PROJECT FOSTERVILLE MINE Left, core from Keats zone, Queensway Project; right, core from the Eagle zone, Left, core from Keats zone, Queensway Project; right, hand specimen from the Eagle Fosterville
Slide 40: Comparison to Fosterville Swan Zone
COMPARISON TO FOSTERVILLE SWAN ZONE 1 cm 1 cm 1 cm 1 cm QUEENSWAY PROJECT FOSTERVILLE MINE QUEENSWAY PROJECT FOSTERVILLE MINE Left, core from Keats zone, Queensway Project; right, core from Eagle zone, Left, core from Keats zone, Queensway Project; right, core from Eagle zone, Fosterville Mine. Fost
Slide 41: Craig Roberts, Michael Kanevsky, Bella Carter
Craig Roberts, P.Eng. Chief Executive Officer croberts@newfoundgold.ca Michael Kanevsky, CPA, CA TSX-V: NFG NYSE-A: NFGC Chief Financial Officer mkanevsky@newfoundgold.ca Bella Carter bella@newfoundgold.ca + 1 (845) 535-1486 New Found Gold Corp. Suite 1430 - 800 West Pender Street Vancouver, BC Cana