New Found Gold Corp · TSX:NFGC

New Found Gold — Technical Presentation (May 2024)

39 slides from New Found Gold's technical presentation, May 9, 2024

  1. Slide 1: Queensway Project – Claim Groups

    Queensway Project – Claim Groups

  2. Slide 2: Queensway North claim group

    Queensway Project – Queensway North mineral licences, and the separate licences of Twin Ponds, Ten Mile-Duder Lake, South Pond, Bellman’s Pond, and Little Rocky Brook

  3. Slide 3: Queensway South claim group

    Queensway Project – Queensway South mineral licences

  4. Slide 4: Locations of Gold Prospects

    Queensway Project – Locations of Gold Prospects

  5. Slide 5: Geological context of the Queensway Project

    Queensway Project – Geological context of the Queensway Project Geological map from Colman-Sadd et al., 1990.

  6. Slide 6: Integrated geological map of Queensway North

    Queensway Project- Integrated geological map of lithology, shear zones and gold showings in Queensway North. It mostly comprises Cambrian to Silurian meta-sedimentary rocks of the Davidsville group (Williams et al., 1988; Colman-Sadd et al., 1990; Valverde-Vaquero et al., 2006; van Staal, 2007; O’Re

  7. Slide 7: Knob to Everest plan map

    Queensway Project – Knob to Everest plan map (April 17, 2024)

  8. Slide 8: Keats area plan view map

    Queensway Project – Keats area plan view map (March 26, 2024)

  9. Slide 9: Long section of Iceberg, Keats Main and TCH zones

    Queensway Project – Long section of Iceberg, Keats Main and TCH zones, looking northwest (March 26, 2024)

  10. Slide 10: Keats Trench plan view map

    Queensway Project – Keats Trench plan view map with location of strong visible gold mineralization in the E-W Vein (November 17, 2023).

  11. Slide 11: Keats Cross-Section (B-B')

    Queensway Project – Keats Cross-Section (B-B’), Looking NE, +/- 12.5m (October 18, 2022)

  12. Slide 12: Plan view map of Iceberg area

    Queensway Project – Plan view map of Iceberg area (March 13, 2024)

  13. Slide 13: Long section of Keats Main, Iceberg, and Iceberg East zones

    Queensway Project – Long section of Keats Main, Iceberg, and Iceberg East zones, looking northwest (March 13, 2024)

  14. Slide 14: Keats North Drilling

    Keats North Drilling Reconnaissance drilling working in the highly prospective region between the Keats Main and Golden Joint zones (“Keats North”) intersected significant mineralization, now named the “515 Zone”, returning initial intercepts of 9.21 g/t Au over 2.15m and 43.9 g/t Au over 3.85m in N

  15. Slide 15: Keats, Keats West, and Keats North 3-D plan view map

    Queensway Project – Keats, Keats West, and Keats North inclined 3-D plan view map (December 5, 2022)

  16. Slide 16: Keats West area plan map

    Queensway Project – Keats West area plan map (February 22, 2024)

  17. Slide 17: Keats West inclined 3-D view with main veins

    Queensway Project – Keats West inclined 3-D view with main veins plotted only, looking south (February 22, 2024)

  18. Slide 18: Keats West cross-section

    Queensway Project – Keats West cross-section (+/- 25m, looking southeast). (December 6, 2023)

  19. Slide 19: Golden Joint to Honeypot area plan map

    Queensway Project – Golden Joint to Honeypot area plan map (April 17, 2024)

  20. Slide 20: Lotto - Lotto North zones long section

    Queensway Project – Lotto- Lotto North zones long section, looking northwest (April 17, 2024)

  21. Slide 21: Lotto North prospect

    The Lotto North prospect is adjacent (north) to the Lotto prospect in QWN on the east side of the AFZ. Systematic grid drilling testing along the eastern side of the AFZ north of Lotto identified this new gold-bearing structural zone in November 2022 first reporting 33.8 g/t Au over 2.35m in NFGC-22

  22. Slide 22: Jackpot long section

    Queensway Project – Jackpot long section, looking north (April 17, 2024)

  23. Slide 23: Honeypot long section and K2 Drilling

    On January 10, 2023, the Company reported the intersection of broad gold mineralization west of the AFZ and in close proximity to the Zone 36 prospect during systematic drilling stepping north of Lotto North. This interval graded 3.63 g/t Au over 9.50m in NFGC-22-816. In light of the recent discover

  24. Slide 24: K2 area plan map

    Queensway Project – K2 area plan map (April 10, 2024)

  25. Slide 25: K2 inclined 3-D view

    Queensway Project – K2 inclined 3-D view, looking southeast (April 10, 2024)

  26. Slide 26: K2 3-D cross-section

    Queensway Project – K2 3-D cross-section, +/-25m, looking southeast (January 31, 2024)

  27. Slide 27: K2 long section; Monte Carlo, Powerline, and Vegas Drilling

    Queensway Project – K2 long section, looking north (April 10, 2024) Monte Carlo, Powerline, and Vegas Drilling On May 10, 2023, the Company announced another new discovery on the west side of the AFZ a further 850m south of K2, a zone now named “Monte Carlo”. The discovery high-grade results of 12.3

  28. Slide 28: Powerline to K2 plan view map

    Queensway Project – Powerline to K2 plan view map (February 29, 2024)

  29. Slide 29: Monte Carlo long section

    Queensway Project – Monte Carlo long section, looking northwest (February 29, 2024)

  30. Slide 30: Golden Joint – Lotto North plan map

    Queensway Project – Golden Joint – Lotto North plan map (October 23, 2023)

  31. Slide 31: Golden Joint – Lotto North long section

    Queensway Project – Golden Joint – Lotto North long section, looking northwest (October 23, 2023)

  32. Slide 32: Golden Joint cross-section; TCH, Knob and Grouse Drilling

    Queensway Project – Golden Joint cross-section, +/- 12.5m, looking northeast (February 16, 2023) TCH, Knob (Rocket Vein) and Grouse Drilling The Trans-Canada Highway (TCH) prospect is located between Keats and Knob. On January 18, 2023, the Company announced results from its drilling at the TCH pros

  33. Slide 33: Knob to Keats Main South plan map

    Queensway Project – Knob to Keats Main South plan map (September 20, 2023)

  34. Slide 34: Region Covered by the Seismic Survey

    Queensway Project – Region Covered by the Seismic Survey (March 2, 2024)

  35. Slide 35: Extents of the 3-D cube and 2-D seismic lines

    Queensway Project – Extents of the 3-D cube and 2-D seismic lines (March 4,2024)

  36. Slide 36: Keats 3-D cube cross-section

    Queensway Project- Keats 3-D cube cross-section (Pre-SDM and Pseudo Relief, looking north), Top: With interpretation, Bottom: Without interpretation.

  37. Slide 37: Gold occurrences in rocks and tills and major prospects

    Queensway Project: Gold occurrences in rocks and tills and major prospects

  38. Slide 38: Regional drill targets at QWS

    Regional drill targets at QWS

  39. Slide 39: Goose – Nebula plan view map; Regional Exploration – VOA Option

    Goose – Nebula plan view map Regional Exploration – VOA Option In November 2022, the Company entered into an option agreement which added approximately 6.1km of strike on the AFZ. Beginning in early 2023 a regional exploration program was launched which involved first-pass soil sampling, mapping, an

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