New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (January 2022)
39 slides from New Found Gold's investor presentation, January 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 17 SECTION 4 QUEENSWAY SOUTH 32 SECTION 5 FOSTERVILLE SWAN ZONE ANALOG 36 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 164,192,392 31%* PALISADES GOLD CORP Broker Warrants @ $1.30 and $1.50 strike 62,794 22% Options 14,554,250 ERIC SPROTT Fully Diluted Shares Outstanding 178,809,436 9% NOVO RESOURCES CORP Working Capital $130M Market Capitalization* $1.2B 6%
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 Completed a 1,950m diamond drilling New Found is listed for program at JBP and Extensive geological trading on the NYSE- Appleton Fault Zone mapping, and American exchange geochemical (gold-in- Announced Assays for discovery till) and geophysical Announced discovery Hi
Slide 10: Queensway Project Overview
SECTION 2 QUEENSWAY PROJECT OVERVIEW TSX-V: NFG, NYSE-A: NFGC 10
Slide 11: Project Overview
PROJECT OVERVIEW • Located on the Trans-Canada Highway, 15km west of Gander, Newfoundland. • 1,510km² project covering approximately 105km of strike on two primary fault zones: Appleton and JBP. • Project divided by Gander Lake into Queensway North and Queensway South. • On Queensway North multiple
Slide 12: Queensway North
QUEENSWAY NORTH 400,000m program ongoing on Queensway North utilizing ten drills with plans to ramp up to fourteen drills. Drilling is targeting two prominent NE trending faults that are the vital fluid conduits for gold mineralization: Appleton Fault Zone • Auriferous quartz veins hosted within sha
Slide 13: Geologic Setting
GEOLOGIC SETTING BALTICA • The Dog Bay Line (DBL) is a significant suture formed at the closing of the Iapetus Ocean and can be found on both sides of the Atlantic Ocean. DOG BAY LINE HBF Greenland Britain • Name identified this structure for its significant gold potential and consolidated land hold
Slide 14: Structural Setting
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 gold
Slide 15: Project Geology
PROJECT GEOLOGY • The Davidsville Sedimentary Group is the primary host on the Queensway project for gold mineralization. • Multiple geophysical surveys indicate that the primary host structures continue for approximately 105 km of strike within this host stratigraphy. Regional Mag-EM Composite TSX-
Slide 16: Geology & Mineralization
GEOLOGY & MINERALIZATION • Gold mineralization hosted in Geologic comparison of Victoria Goldfields and Central Gold Belt, Newfoundland middle Ordovician sediments, of sub-greenschist to Victoria Goldfields, Central Gold Belt, greenschist metamorphic Australia Newfoundland grade. Cambro-Ordovician t
Slide 17: Queensway North
SECTION 3 QUEENSWAY NORTH TSX-V: NFG, NYSE-A: NFGC 17
Slide 18: Appleton Fault Zone
APPLETON FAULT ZONE • Drilling continues to test a corridor up to approximately 1km wide along 7.8km 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 enco
Slide 19: Keats to Lotto 2.6 km Long Section
KEATS TO LOTTO 2.6 KM LONG SECTION Keats Zone Highlights Golden Joint Zone Highlights Lotto Highlights Hole No. Interval Au Hole No. Interval Au Hole No. Interval Au Hole No. Interval Au (m) (g/t) (m) (g/t) (m) (g/t) (m) (g/t) NFGC-19-01 19.0 92.9 NFGC-21-137 7.2 261.3 Golden Joint Main Lotto Main:
Slide 20: Keats Long Section
KEATS LONG SECTION Keats Highlights Hole No. Interval Au (m) (g/t) NFGC-19-01 19.0 92.9 NFGC-20-18 7.9 24.1 NFGC-20-19 18.9 31.2 NFGC-20-21 18.4 15.8 NFGC-20-23 41.4 22.3 NFGC-20-26 6.9 44.5 NFGC-20-28 4.1 40.1 NFGC-20-29 16.9 25.0 NFGC-20-30 6.1 10.3 NFGC-20-32 13.1 45.3 NFGC-20-34 2.4 29.3 NFGC-20
Slide 21: Keats Plan Map
KEATS PLAN MAP Keats Highlights Hole No. Interval Au (m) (g/t) NFGC-19-01 19.0 92.9 NFGC-20-18 7.9 24.1 NFGC-20-19 18.9 31.2 NFGC-20-21 18.4 15.8 • High-grade gold now NFGC-20-23 NFGC-20-26 41.4 6.9 22.3 44.5 drill defined over NFGC-20-28 4.1 40.1 NFGC-20-29 16.9 25.0 530m down plunge NFGC-20-30 6.1
Slide 22: Keats Cross Section
KEATS CROSS SECTION TSX-V: NFG, NYSE-A: NFGC 22 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,
Slide 23: Golden Joint to Lotto
GOLDEN JOINT TO LOTTO Lotto Highlights • Targets along this Hole No. Interval Au (m) (g/t) approximately 1km Lotto Main: wide corridor include NFGC-20-17 4.8 41.2 Golden Joint, Golden And 5.2 25.4 Joint HW, Road, Dome, NFGC-20-27 2.0 31.3 Lotto, and Sunday. NFGC-20-44 3.0 38.7 Within 6.5 18.1 • Lott
Slide 24: 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. TSX-V: TSX-V:NFG, NFG,NYSE-A: NYSE-A:NFGC NFGC 24 True widths of th
Slide 25: Golden Joint Plan View
GOLDEN JOINT PLAN VIEW • 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. TSX-V: TSX-V:NFG, NFG,NYSE-A: NYSE-A:NFGC NFGC 25 True widths of the n
Slide 26: 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. • The mineralization drilled at Lotto is interpreted t
Slide 27: Lotto Composite Cross-Section
LOTTO COMPOSITE CROSS-SECTION TSX-V: TSX-V:NFG, NFG,NYSE-A: NYSE-A:NFGC NFGC 27 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 9
Slide 28: 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 28
Slide 29: 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 29
Slide 30: 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 31: 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 32: Queensway South
SECTION 4 QUEENSWAY SOUTH TSX-V: NFG, NYSE-A: NFGC 32
Slide 33: 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 34: Gold in Till Anomalies
GOLD IN TILL ANOMALIES • 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 in 202
Slide 35: 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 36: Fosterville Swan Zone Analog
SECTION 5 FOSTERVILLE SWAN ZONE ANALOG TSX-V: NFG, NYSE-A: NFGC 36
Slide 37: 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 38: 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 39: Contact
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 New Found Gold Corp. Communications Director Suite 1430 - 800 West Pender Street bcarter@newfoundgold.ca Vancouver,
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