New Found Gold Corp · TSX:NFGC
New Found Gold — Technical Presentation (February 2021)
34 slides from New Found Gold's technical presentation, February 2021
Slide 1: NFGC Technical Presentation
NFGC TECHNICAL PRESENTATION TSX-V: NFG OTC: NFGFF
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: Introduction
S E C T I ON 1 INTRODUCTION TSX-V: NFG |-3- 3
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS • An under explored district scale 1,500km2 land package within the prospective Central Newfoundland Gold Belt • 105km of untested strike length with multiple targets • 200,000m of drilling now underway testing multiple targets along 8km of high priority strike length on two pa
Slide 5: Location
LOCATION • The Queensway project is located on the Trans-Canada Highway, a QUEENSWAY NORTH 15-minute drive west of Gander, TRANS-CANADA HIGHWAY NEWFOUNDLAND HELICOPTER BASE GANDER INTERNATIONAL AIRPORT TOWN OF APPLETON Newfoundland. TOWN OF GANDER 138Kv Hydro • The 5km target strike of Appleton NFGC
Slide 6: History / Exploration Timeline
HISTORY / EXPLORATION TIMELINE Nov 2019 FEB 2018 JUL 2017 NOV 2016 2016-2017 Completed a Completed a Completed a Completed Completed 1,950m diamond regional scale property wide detailed till 9 separate drilling program till survey to VTEM magnetic sampling property at JBP and sample over and EM surv
Slide 7: Queensway Project Overview
S E C T I ON 2 QUEENSWAY PROJECT OVERVIEW TSX-V: NFG |-7- 7
Slide 8: The Dog Bay Suture Host to Large Gold Deposits
THE DOG BAY SUTURE HOST re BALTICA Main lapatus sutu TO LARGE GOLD DEPOSITS axis g adin t u re r Su spre T h o • The Dog Bay Line (DBL) is a significant suture DOG BAY LINE c lanti HBF formed at the closing of the Iapetus Ocean and Greenland Britain h At can be found on both sides of the Atlantic Oc
Slide 9: Project Overview
N PROJECT OVERVIEW • The Queensway project (151,030 hectares, 151km²) covers more than GOLD ZONES ALONG 5KM OF APPLETON FAULT GOLD ZONES ALONG 3KM OF JBP FAULT 105km of strike on two primary fault Gander zones, Appleton and JBP. Lake • The project is divided by Gander Lake into Queensway North and Q
Slide 10: District Scale Project
DISTRICT SCALE PROJECT • Prospecting, geological surveys and gold mineralization reports did not begin in Newfoundland until the late 1980’s • The first gold showing in Central Newfoundland was recorded in the early 1980’s • The Central Newfound Gold Belt is only now in the discovery phase and despi
Slide 11: Comparison to Bendigo/Fosterville
COMPARISON TO BENDIGO/FOSTERVILLE • While no two mineral systems are ever Comparable Features Bendigo Gold Belt, Australia Central Gold Belt, Newfoundland identical, there is strong evidence to suggest the Central Newfoundland Gold Cambro-Ordovician Middle Ordovician turbidites Host Lithology to Dev
Slide 12: Comparison to Bendigo / Fosterville
COMPARISON TO BENDIGO / FOSTERVLLE The Bendigo Analog – Victoria State, Australia NW SE penetrative mineralized fabric low-displacement faults NW SE NW SE Dog Bay line GRC line increasing slip on decollement slip on decollement oceanic crust oceanic crust oceanic crust Progressive compression, foldi
Slide 13: Comparison to the Fosterville Swan Zone (Continued)
COMPARISON TO THE FOSTERVILLE SWAN ZONE (CONTINUED) 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, core from the Eagle zone, Fosterville Mine.
Slide 14: Queensway North
S E C T I ON 3 QUEENSWAY NORTH TSX-V: NFG | -14- 14
Slide 15: Queensway North: Appleton and JBP Fault Zones
QUEENSWAY NORTH: APPLETON AND JBP N 798 FAULT ZONES 1744 H POND The Queensway Project covers two prominent NE trending LOTTO 3 Km faults that cross the property which are the vital fluid DOME POCKET POND conduits allowing for the formation of gold deposits. ROAD KEATS The two fault zones are geologi
Slide 16: Gold Multiple High-Grade Targets
95 QUEENSWAY PROJECT SAMPLE LEGEND 00 N Drill Core Samples Surface Samples Channel Samples 90 00 N Grab Samples GOLD MULTIPLE e on 85 00 lt Z N HIGH-GRADE TARGETS au nF to 80 00 ple N Ap ZONE 36 2 New Veins Exposed over 75 100m Strike Length in 2020 00 • The first modern exploration at the Queensway
Slide 17: Queensway North: JBP Fault Zone Overview
QUEENSWAY NORTH: JBP FAULT ZONE OVERVIEW o ne tZ High grade gold system along over 3000m l Fau 798 N strike length of the JBP Fault Zone JBP • Significant opportunity for expansion from the existing zones along strike and at depth • Very few drill holes reach below 100m vertical depth and significan
Slide 18: Queensway South
S E C T I ON 4 QUEENSWAY SOUTH TSX-V: NFG | -18- 18
Slide 19: 2018 Gold in Till Anomalies
N 2018 GOLD IN TILL ANOMALIES • The extensive gold in till survey in 2018 yielded six large gold in till anomalies GOLD ZONES ALONG 5KM OF APPLETON FAULT GOLD ZONES ALONG 3KM OF JBP FAULT • These gold in till anomalies are coincident Gander with the Appleton and JBP fault Lake projections • 2020 Que
Slide 20: 2020 Field Season
N 2020 FIELD SEASON • Follow up program to the 2018 gold in till anomalies APPLETON FAULT JBP FAULT • 2020 Field Season Focused on Regional Gander Scale early Exploration data collection Lake 750 Till Samples 1300 Rock Samples 60 Channel Samples EASTERN POND 425 Geological Data Points ANOMALY QWS -
Slide 21: Eastern Pond
N Subcrop Sample Cluster up to 15 g/t Au EASTERN POND 2020 EASTERN PRELIMINARY TILL RESULTS POND LEGEND Till Sample with 163 Pristine Gold Grains Pristine Gold Grain Count • A recent discovery area 45 0-5 Field of Underwater km south of Queensway Quartz Boulders 6-10 11-15 North drill program 16-25
Slide 22: Current Drilling 2020/2021
S E C T I ON 5 CURRENT DRILLING 2020/2021 TSX-V: NFG | -22- 22
Slide 23: Queensway North: Drilling Along the Appleton Fault
QUEENSWAY NORTH: DRILLING ALONG THE APPLETON FAULT • Drilling to date at Queensway has focused 95 00 N QUEENSWAY PROJECT on the corridor east of the Appleton Fault targeting gold zones within Secondary 90 00 N Faults such as the Keats Baseline Fault • At Jan 17, 2021 79 holes have been e on 85 compl
Slide 24: Queensway North: New Lotto and Sunday Zone Discoveries
QUEENSWAY NORTH: NEW LOTTO AND SUNDAY ZONE DISCOVERIES New Appleton LG99-07 91.2 g/t Au over 2.3m Footwall Zone Lotto Trench 34 • At Keats the primary high-grade target occurs along the Keats Baseline fault, a secondary structure that w) NFGC-20-17 w) (ne 66 (ne 00 25.4 g/t Au over 5.15m Zo n N ne a
Slide 25: Appleton Fault (Lotto Zone)
APPLETON FAULT (LOTTO ZONE) NFGC-20-17 (Lotto Zone) – 3 High Grade Gold Intervals: Coarse Visible Gold along stylolite seams High ASPY, PY concentrations along stylolite surfaces TSX-V: NFG | 25
Slide 26: Appleton Fault (Lotto Zone) NFGC-20-17
APPLETON FAULT (LOTTO ZONE) NFGC-20-17 Disseminated ASPY, PY, halo of larger veins Coarse Visible Gold in Quartz >1cm TSX-V: NFG | 26
Slide 27: Keats Zone Drilling
KEATS ZONE Fa ton ult ple DRILLING Ap 10 Holes Planned Along Northern Strike 10 Holes Planned • Three drills are now at Keats following up on 2 Holes Planned Near Surface Strike the intercept of 19.0m of 92.9 g/t Au starting at to Test Cokes Large Au Soil Anomaly 49 0 0N 96m depth, drilled in NFGC-1
Slide 28: Keats Zone Drilling
49 0 0N 20-41 31.4 / 15.9 Keats FW Zone KEATS ZONE Keats-Baseline 20-41 22.5 / 10.4 Fault Zone 20-41 DRILLING 20-25 7.30 / 2.2 19-01 92.9 / 19.0 20-21 15.8 / 18.4 20-36 5.2 / 8.9 20-34 29.3 / 2.4 20-43 10.0 / 18.2 20-18 24.1 / 7.9 48 20-19 31.2 / 18.9 50 N 20-23 22.3 / 41.4 • Results from 17 drill h
Slide 29: Appleton Fault (Keats Main Zone) NFGC-20-23
APPLETON FAULT (KEATS MAIN ZONE) NFGC-20-23 (22.3 g/t Au over 41.35m) (39.8 g/t Au over 21.25m) Orange Ribbons Indicate Presence of Visible Gold TSX-V: NFG | 29
Slide 30: Keats Zone Drilling: High Grade Implosion Breccias Epizonal Veining
KE AT S ZONE DRILLING: HIGH GRADE IMPLOSION BRECCIAS EPIZONAL VEINING • Several hundred grains/pieces of visible Keats/Baseline 2019 Drilling Nov 2019 gold were intercepted over a 19m interval Drill Hole NFGC-19-01 @ 106.5m in NFGC-19-01 • Other high-grade holes drilled at Keats also display signifi
Slide 31: Appleton Fault (Keats Zone)
APPLETON FAULT Boulangerite (KEATS ZONE) Mineralogical Associations with Chalcopyrite and Boulangerite – Exclusively indicative of high-grade gold mineralization, often accompanied by NH4-Illite alteration Chalcopyrite Visible Gold TSX-V: NFG | 31
Slide 32: Appleton Fault (Keats Zone) NFGC-20-26
APPLETON FAULT (KEATS ZONE) NFGC-20-26 NH4 Illite Mineralogical Associations with NH4-Illite alteration Visible gold is often found along narrow seams of clay rich material within quartz veins also displaying disseminated visible gold Visible Gold in Quartz TSX-V: NFG | 32
Slide 33: Drill Plans 2021: Appleton and JBP Fault Zones
DRILL PL ANS 2021: APPLETON AND JBP N 798 FAULT ZONES 1744 H POND The current drilling program is planned to continue LOTTO 3 Km throughout 2021 with 8 drill rigs and full funded DOME POCKET POND 200,000m diamond drilling program along the ROAD KEATS Appleton and JBP Fault Zones Appleton Fault Zone
Slide 34: Craig Roberts
Craig Roberts croberts@newfoundgold.ca newfoundgold.ca TSX-V: NFG | OTC: NFGFF
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