New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (May 2023)
39 slides from New Found Gold's investor presentation, May 2023
Slide 1: Advancing the High-Grade Queensway Gold Project
ADVANCING THE HIGH-GRADE QUEENSWAY GOLD PROJECT 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 Company’s plans, including exploration and drill programs at the Company’s Queensway Project in Newfoundlan
Slide 3: High-Grade, District Scale, Tier 1 Jurisdiction
HIGH-GRADE, DISTRICT SCALE, TIER 1 JURISDICTION ADVANCING THE 100%-OWNED QUEENSWAY GOLD PROJECT THROUGH Newfoundland, DISCOVERY AND PRE-DEVELOPMENT Canada HIGH QUALITY OUNCES, STARTING FROM SURFACE. Multiple high-grade discoveries over a 5km strike length and growing. SIGNIFICANT VALUE UNLOCK REMAIN
Slide 4: Board of Directors
BOARD OF DIRECTORS Collin Denis Douglas Douglas Vijay Raymond Kettell Laviolette Hurst HurstMehta Threlkeld Founder, Chairman & CEO Founder & President Independent Director Independent Independent Director Director Independent Director Mr. Kettell is a co-founder of New Over 10 years of experience i
Slide 5: Key People
KEY PEOPLE Ron Greg Michael Melissa Bassam Hampton Matheson, P.Geo. Kanevsky, CPA Render, P.Geo. Moubarak CDO COO CFO V.P. of Exploration Advisor Ron brings over 25 years of project A professional geologist with over A Chartered Professional Accountant An exploration geologist with over Finance prof
Slide 6: High-Grade, Multiple Zones
AFZ QWN PLAN MAP Deformation Zone Au Associated Fault Interpreted Au Vein Surface Intersection LOTTO Trans-Canada Highway HIGH-GRADE, Greywacke Shale NFGC-21-201 NFG Collar with Assays 150 g/t Au / 11.50m N E ZO MULTIPLE ZONES T UL FA N TO 0 250 500m E HIGH-GRADE MINERALIZATION AT QUEENSWAY HAS BEEN
Slide 7: 14 Zones and Counting
QWN AFZ PLAN MAP Deformation Zone EVEREST Au Associated Fault Interpreted 14 ZONES AND COUNTING Au Vein Trans-Canada Highway Greywacke Shale AFZ Mineralized Footprint THE AFZ MINERALIZED ENVELOPE NOW COVERS AN AREA AFZ Target Envelope Previously Reported RUNNING 4.1KM IN STRIKE LENGTH BY 400M WIDE.
Slide 8: Project Advancement Timeline
PROJECT ADVANCEMENT TIMELINE NEW FOUND IS ADVANCING THE QUEENSWAY PROJECT THROUGH THE DISCOVERY PHASE WHILE SIMULTANEOUSLY DE-RISKING THROUGH PRE-DEVELOPMENT WORK TO BRING THE PROJECT TO A DESIGN AND PERMIT-READY STAGE JAN 2020 JUN 2021 SEP 2022 JAN 2023 MAR 2023 Keats Main Golden Joint Keats West I
Slide 9: Our Home: Newfoundland
OUR HOME: NEWFOUNDLAND T UL FA ON ET PL T UL AP FA P JB Ranked #4 The Government The province is mining jurisdiction of NL plans to build 5 host to a skilled globally1 new mines by 20302 workforce and is business-friendly Glenwood Appleton Gander Gander Lake QUEENSWAY PROJECT Town Transmission Line
Slide 10: Community Involvement
COMMUNITY INVOLVEMENT THE COMPANY IS COMMITTED TO SUPPORTING THE CENTRAL NEWFOUNDLAND REGION AND ITS COMMUNITIES AT LARGE 86% Local-First Economic Active in the Local Staff Hiring Stimulus Community Of the 250 people employed New Found Gold Corp. Annual investment into the Active member in the commu
Slide 11: Positioned for Development
POSITIONED FOR DEVELOPMENT WHILE PRIMARY FOCUS IS ON DISCOVERY, THE COMPANY IS ACTIVELY DE-RISKING THE PROJECT THROUGH PRE-DEVELOPMENT TO BE IN AN OPTIMAL POSITION FOR RAPID DESIGN AND PERMITTING Environmental Stakeholder Host Rock Metallurgical Baseline Engagement Studies Study Ongoing environmenta
Slide 12: Discovering a District
DISCOVERING A DISTRICT T UL FA ON ET PL T UL The Queensway Project is 110km+ long and includes two primary AP FA P JB regional-scale faults responsible for depositing high-grade gold — the Appleton (“AFZ”) and JBP (“JBP”) Fault Zones. LOTTO GOLDEN JOINT 1744 H POND KEATS WEST Hundreds of high-grade
Slide 13: Queensway North
QUEENSWAY NORTH TSX-V: NFG, NYSE-A: NFGC | 13
Slide 14: The Queensway North Project
THE QUEENSWAY KM BIG DAVE M .4K 9.5 NORTH PROJECT 12 1744 EVEREST GLASS • The majority of drilling has been focused on K2 a string of high-grade ZONE 36 discoveries spanning 5km MONTE CARLO along the AFZ. LOTTO NORTH • These zones remain open LOTTO in all directions. Minimal DOME POCKET POND drillin
Slide 15: Keats
NE KM KEATS ZO 9.5 ICEBERG LT AU NF ETO KEATS PL NORTH AP • New Found’s first high- COKES E N ZO grade gold discovery, made LT NFGC-22-593 in January 2020, is hosted AU 9.12 g/t Au / 8.20m NF 42.6 g/t Au / 11.75m LOTTO by the Keats-Baseline fault ETO NFGC-19-01 zone. 75.2 g/t Au / 23.50m PL KEATS AP
Slide 16: Lotto
NE E KM ON LOTTO ZO 9.5 TZ LOTTO PLAN MAP LT NFGC-22-788 UL 16.1 g/t Au / 5.30m AU Deformation Zone Au Grade (g/t) FA NF Au Vein 0.5 – 1.0 Surface Intersection 1.0 - 3.0 ON Greywacke ETO 3.0 - 10.0 Shale >10.0 ET NFGC Collar PL PL AP • New Found’s second AP LOTTO NORTH discovery in October 0 100 200
Slide 17: Golden Joint
NE KM GOLDEN ZO E GOLDEN JOINT PLAN MAP ON 9.5 LT TZ Deformation Zone Au Grade (g/t) NFGC-19-03 AU Au Vein 0.5 – 1.0 16.5 g/t Au / 6.10m UL JOINT Surface Intersection 1.0 - 3.0 NF Greywacke FA 3.0 - 10.0 Shale >10.0 ETO NFGC Collar ON ET PL PL DOME AP • New Found’s third AP 0 100 200 m discovery mad
Slide 18: Keats West
KEATS WEST NFGC-22-773 NE 18.6 Au g/t Au / 15.95m KM KEATS ZO OPEN 9.5 LT AU WEST NF NFGC-22-784 6.64 g/t Au / 24.00m ETO PL AP • New Found’s first major NFGC-22-833 3.25 g/t Au / 11.40m discovery located on the 2.41 g/t Au / 35.00m 1.61 g/t Au / 17.35m west side of the AFZ, LOTTO made in September
Slide 19: Iceberg
NE KM ICEBERG ZO NFGC-23-1100 9.5 72.2 g/t Au / 9.65m LT AU NFGC-23-1084 NF 15.3 g/t Au / 10.75m ETO NFGC-23-1109 19.7 g/t Au / 5.65m OPEN PL E ZON AP • New Found’s most recent LT high-grade discovery made FAU INE in March 2023. S E -BA T L ON TS LOTTO KEA FAUL • This high-grade, at-surface LET disc
Slide 20: Appleton Cross-Section
APPLETON CROSS-SECTION A’ A - GC GC 843 33 - 8 22-22- KEATS 66 6 2- 2-59 6 0/ 4 7A 56 1 7 00 -1 0 12 23-1128 -23- 1141 F N NF WEST 2 C- C-2 KEATS -2 2- 22 -56 3-11 C-23 FGC - FGC NW G NF NFG NORTH NF GC NF GC- ICEBERG NF GC- 2 NFG N N SE OPEN NFGC-23-1128 12.6 g/t Au / 7.60m 13.1 g/t Au / 13.90m NFG
Slide 21: Gold Mineralization in 3D
K2/ZONE 36 GOLD MINERALIZATION LITTLE MONTE LOTTO IN 3D KEATS WEST CARLO NORTH LOTTO COKES DOME GOLDEN JOINT ICEBERG ROAD TCW KEATS NORTH O NE KEATS LT Z FAU TO N PLE TCH AP KNOB TSX-V: NFG, NYSE-A: NFGC | 21
Slide 22: A Comparison to Fosterville
A COMPARISON TO FOSTERVILLE • Orogenic systems are known to go deep. Exploration at Queensway has been largely focused on the top 200m vertical; average of all drilling to date just 140m. • Orogenic gold systems can extend to great depths, and comparing the Queensway project to the Fosterville depos
Slide 23: 3D Seismic Survey Underway
3D SEISMIC SURVEY UNDERWAY FAU 9.5KM NE M ZO NE .4K LT ZO 12 • New Found launched an industry-leading 3D seismic survey LT AU N in April 2023, a first for Canadian mineral exploration. TO PF PLE JB Similar surveys completed at the Fosterville mine in Australia AP identified additional subsurface ore
Slide 24: Queensway South
QUEENSWAY SOUTH TSX-V: NFG, NYSE-A: NFGC | 24
Slide 25: Regional Exploration
Gander Lake REGIONAL EXPLORATION JOE’S FEEDER 2022 Program QUEENSWAY SOUTH PROJECT • Inaugural drill program comprised 7,255m drilled across 33 holes over 82 days at 8 targets; assays pending Transmission Line Trans-Canada Highway • ~9000 soil samples collected Regional Fault Zone • 15 trenches comp
Slide 26: An Emerging District
AN EMERGING DISTRICT T UL FA ON ET PL T UL THE APPLETON AND JBP FAULTS ARE LARGE FEATURES THAT COMPARE IN SIZE TO AP FA P JB THE WORLD-RENOWNED ABITIBI BELT. ABITIBI BELT HOST TO 100M+ OUNCES LOTTO GOLDEN JOINT 1744 H POND KEATS WEST POCKET POND Gander KEATS Gander Lake ICEBERG QUEENSWAY PROJECT JOE
Slide 27: Capitalization
CAPITALIZATION $1.08B $60M 188,312,451 Market Cash & Marketable Fully Diluted Capitalization Securities Shares Outstanding *Based on May 1, 2023 close on the TSX-V. *Based on May 1, 2023 close on the TSX-V. INSTITUTIONAL & RETAIL 175,737,326 Basic Shares Outstanding 30% * 20% 50% 12,575,125 ERIC *Th
Slide 28: Contact
Collin Kettell Michael Kanevsky, CPA, CA Bella Carter Chief Executive Officer Chief Financial Officer Investor Inquiries ckettell@newfoundgold.ca mkanevsky@newfoundgold.ca bella@newfoundgold.ca New Found Gold Corp. + 1 (845) 535-1486 Suite 1430 - 800 West Pender Street Vancouver, BC Canada V6C 2V6 T
Slide 29: Appendix
APPENDIX TSX-V: NFG, NYSE-A: NFGC | 29
Slide 30: Property Geology Map
PROPERTY GEOLOGY MAP • Predominantly Ordovician Davidsville Group • Shallow marine siliciclastic sedimentary rocks (mudstone, siltstone, sandstone, conglomerate with minor carbonate, volcanic and intrusive rocks • Unconformably overlies the Gander River Complex (ophiolites) in the east • Conformably
Slide 31: Geologic Setting
GEOLOGIC SETTING re BALTICA Main lapatus sutu xis ng a • The Queensway Project is located along a continental re i collision margin formed as part of the Appalachian read u r Sut Tho c sp Orogeny – the collision of Laurentia with Gondwana DOG BAY LINE lanti and it’s micro-continents (Gandaria and Av
Slide 32: Litho-Structural Architecture
LITHO-STRUCTURAL ARCHITECTURE STRUCTURAL EVOLUTION OF THE DAVIDSVILLE GROUP IN THE EXPLOITS SUBZONE Progressive compression, folding, faulting and mineralization of sediments. High-grade gold mineralization at Queensway focusses on small displacement accommodation faults, similar to Fosterville’s Sw
Slide 33: Gold Mineralization
GOLD MINERALIZATION AN IDEAL PLUMBING SYSTEM The collision of two continental plates causes progressive compression, folding, faulting, and mineralization of sediments. This creates an ideal host for high-grade gold mineralization among spaces left behind during faulting. EPIZONAL GOLD Epizonal gold
Slide 34: Mineralization Style
MINERALIZATION STYLE Visible gold in vuggy quartz-carbonate veins: • Stylolitic-laminated • Breccia-hydraulic and implosive • Stockwork, +/- arsenopyrite, chalcopyrite boulangerite, pyrite, NH4 muscovite TSX-V: NFG, NYSE-A: NFGC | 34
Slide 35: Keats Cross Section
KEATS CROSS SECTION Keats (NFGC-20-52) 13.7 g/t Au over 5.6m B B’ NW SE 77 9 1 -2 2 NFFG -20-25 34 NF - -1 1 NFGC--19-18 NF -20 21 12 GC 20 0 13 GC 20 -0 GC -5 1- - 0- 1- 1- N C 0 -2 -2 -2 -2 GC C GC NFGC GC G NF NF NF NF BLACK SHALE NFGC-19-01 Ke 75.21 g/t Au over 23.50m Maats in -100 KEATS CROSS S
Slide 36: Keats West Cross-Section
KEATS WEST CROSS-SECTION Keats West (NFGC-22-960) 42.6 g/t Au over 32m NFGC-22-945 EAST SIDE NFGC-22-922 4.32 g/t Au / 21.30m 10.1 g/t Au / 22.50m NE NFGC-22-1040 Z O 17.2 g/t Au / 22.90m N FA ULT 12.0 g/t Au / 18.40m ETO APPL OPEN KEATS WEST 3-D VIEW NFGC-23-1155 Au (g/t) 1.53 g/t Au / 34.75m 0.5 -
Slide 37: Iceberg Cross-Section
ICEBERG CROSS-SECTION Iceberg (NFGC-23-1100) 72.2 g/t Au over 9.65m A’ A 2 -2 22 GC GC- 43 3 -8 -83 KEATS 2 60 /66 -6 -594 7A 61 67 00 20 -112 -11 -23 8 C- 23 -114 1 F N NF WEST -2 22 GC GC- KEATS 22-5 2-5 3-11 C-23 FGC NF G NW F N NF NORTH NF GC - N FGC -2 ICEBERG NFGC -2 NF G N SE OPEN NFGC-23-112
Slide 38: Golden Joint Cross Section
GOLDEN JOINT CROSS SECTION Golden Joint (NFGC-21-462) B B’ 69.2 g/t Au over 14.2m NF -2 62 -2 26 6 GC 01 4 NFGC-22- 50 NW SE 38 NF GC 21 716 NFGC- 2-7 55 1- 81 -2 1-1 1 NFGC 22- 23 41 GC 1-4 GC 1-3 7 GC -2 -17 NF 1-4 - 6 18 1- NF C- 1-2 1- -2 NF -2 -2 G -2 2 GC 0 GC NF GC NF NF NF NE ZO NFGC-21-181
Slide 39: Lotto Cross-Section
LOTTO CROSS-SECTION Lotto (NFGC-21-201) B B’ 143 g/t Au over 11.75m 59 9 2- 0 7 NW SE -2 2-6 GC -2 NF GC NFGC-22-552 F -2 -8 18 N 77.9 g/t Au / 2.30m 4 NF GC 21- 3 NF -2 1-2 66 -2 0 NF GC -2 115 1- 24 9 GC 1-2 01 NF GC- -24 22 GC 10 10 1 -2 05 6 GC -2 1-2 96 39 -2 0- NF 2-8 58 2 GC -22 -6 55 1- NF 2