New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (March 2023)
30 slides from New Found Gold's investor presentation, March 2023
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 Company’s plans, including exploration and drill programs at the Company’s Queensway Project in Newfoundlan
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS TIER 1 DISCOVERY - GRADE + SCALE Multiple high-grade, near surface gold discoveries in a district scale property package. JURISDICTION & INFRASTRUCTURE Newfoundland is rated a top 10 mining jurisdiction by Fraser Institute. The Queensway Project is located 15km from Gander and
Slide 4: Highlights
GANDER INTERNATIONAL AIRPORT GIGASHACK 110K M OF GANDER PRO LOTTO SPE CTIV Newfoundland, Canada E ST Ranked 8th Most Attractive Mining APPLETON RIK Jurisdiction by the Frasier Institue 2020 EL EN GOLDEN JOINT GT H KEATS JBP FAU LT AP PLE TO NF AU LT HIGHLIGHTS DISTRICT SCALE project with major growt
Slide 5: Capitalization
CAPITALIZATION $917M $72M 187,975,151 Market Cash & Marketable Fully Diluted Capitalization Securities Shares Outstanding *Based on March 1st closing on the TSXV of $5.23/share NFG. *Based on March 1st closing on the TSXV of $5.23/share NFG. INSTITUTIONAL & RETAIL 175,377,526 Basic Shares Outstandin
Slide 6: Drilling Highlights
DRILLING HIGHLIGHTS • New Found drilled its first hole in August of 2019, intercepting 19m of 92.9 g/t Au. Since then, the Company has made multiple high-grade discoveries along a 3km corridor including Keats, Lotto, Golden Joint, and recently announced Keats West and Lotto North. KEATS DISCOVERY GO
Slide 7: Project Overview
PROJECT OVERVIEW The Queensway Project is categorized into North and South, which in total covers 110km of prospective strike length. GOLD TARGETS GOLD TARGETS ALONG 12.4KM QUEENSWAY NORTH QUEENSWAY PROJECT ALONG 9.45KM OF OF JBP FAULT Gold Showings APPLETON FAULT Gold in Till Anomaly Gander Lake •
Slide 8: Queensway North
M .4K 798 12 QUEENSWAY KM BIG DAVE 9.5 1744 NORTH ZONE 36 GLASS LOTTO NORTH • At Queensway North, the majority LOTTO of drilling has been focused on a DOME string of high-grade discoveries along LITTLE ROAD POCKET POND the Appleton Fault including Keats, GOLDEN JOINT KEATS WEST Golden Joint, Lotto,
Slide 9: 3.4km Corridor of Appleton
AFZ PLAN MAP LOTTO NORTH Deformation Zone Au Associated Fault Interpreted 3.4KM Au Vein Trans-Canada Highway Greywacke Shale Drill Hole LOTTO CORRIDOR OF E ON TZ 0 200 400m UL APPLETON BLACK FA SHALE N TOE DOME PL AP LITTLE • This plan map shows a 3.4km corridor of Queensway North ROAD along the App
Slide 10: Gold Mineralization in 3D
GOLD ZONE 36 MINERALIZATION LOTTO IN 3D LITTLE GOLDEN JOINT LOTTO KEATS WEST NORTH COKES KEATS ROAD NE LT ZO NORTH FAU TO N PLE KEATS AP KEATS TCH SOUTH KNOB TSX-V: NFG, NYSE-A: NFGC | 10
Slide 11: Zooming in on Keats
OPEN KEATS KEAST - KEATS N PLAN MAP NORTH Deformation Zone Au Grade (g/t) ZOOMING IN Au Vein 0.5 – 1.0 Surface Intersection 1.0 - 3.0 Greywacke 3.0 - 10.0 Shale >10.0 KEATS MAIN ZONE - HIGHLIGHTS NFGC Collar with Assays Received by Hole No. From (m) To (m) Interval (m) Au (g/t) Effective Date NFGC-1
Slide 12: Zooming in on Lotto
GREYWACKE ZONE 36 LOTTO ZONE PLAN MAP ZOOMING IN Deformation Zone Au Associated Fault Interpreted Au Vein Au Grade (g/t) 0.5 – 1.0 1.0 - 3.0 ON LOTTO 3.0 - 10.0 Greywacke >10.0 Shale Drill Hole E ON LOTTO MAIN - HIGHLIGHTS LOTTO NORTH TZ QUEENSWAY N Hole No. From (m) To (m) Interval (m) Au (g/t) NOR
Slide 13: Zooming in on Golden Joint
E ON GOLDEN JOINT PLAN MAP TZ ZOOMING IN Deformation Zone Au Grade (g/t) UL Au Associated Fault 0.5 – 1.0 Interpreted 1.0 - 3.0 Au Vein FA 3.0 - 10.0 Greywacke >10.0 Shale ON GOLDEN N Drill Hole TO GREYWACKE E QUEENSWAY N NORTH PL JOINT GOLDEN JOINT AP e on ne lt Z DOME Zo au lt nF au PF to ple JB A
Slide 14: 3.4km Long Section
DOME T 515 UL FA GOLDEN JOINT ON KEATS NORTH 3.4KM LONG SECTION ET KEATS LOTTO NORTH PL NE LOTTO ZO KEATS SOUTH AP DOME T 515 UL FA TCH GOLDEN JOINT ON KEATS NORTH QUEENSWAY ET N KEATS NORTH PL • Plotted on long section, the location of the major discovery zones KEATS SOUTH AP TCH with the immensity
Slide 15: Zooming Out to the Appleton North Zone
M .4K 798 ZOOMING OUT TO 12 KM BIG DAVE THE APPLETON 9.5 1744 GLASS NORTH ZONE 36 LOTTO NORTH LOTTO DOME • New Found controls 9.45km of the LITTLE ROAD POCKET POND highly prolific Appleton North. KEATS WEST GOLDEN JOINT QUEENSWAY NORTH PROJECT • Drilling to date has just scratched the KEATS NORTH Dr
Slide 16: 500,000m Drill Program
500,000m DRILL PROGRAM 2023 • New Found is undertaking a 500,000m drill program at Queensway. 2022 • The Company is one of the most active explorers in North America. 2021 • With drilling focused along a highly prospective mineralized corridor, discovery potential is very high. 2020 2019 Meters of D
Slide 17: Target Development
TARGET DEVELOPMENT • Regional gold-in-till survey work on Queensway South has outlined six broad areas of anomalous gold in till counts, as APPLETON FAULT shown in gold in the figure to the right. Gander Lake • These anomalies are coincident with projections of the JBP FAULT Appleton and JBP faults,
Slide 18: Board of Directors
BOARD OF DIRECTORS Collin Denis Douglas Vijay Douglas Raymond Kettell Laviolette Hurst Mehta Hurst Threlkeld Founder, Chairman & CEO Founder & President Independent Director Independent Director Independent Director Mr. Kettell is a co-founder of New Over 10 years of experience Geologist with over 3
Slide 19: 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 An exploration geologist with Finance professional with ov
Slide 20: 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 21: Appendix
APPENDIX
Slide 22: Geologic Setting
GEOLOGIC SETTING re BALTICA Main lapatus sutu xis ng a • The Queensway Project is located along a continental re i read u r Sut collision margin formed as part of the Appalachian Tho c sp Orogeny – the collision of Laurentia with Gondwana DOG BAY LINE lanti HBF Britain Greenland and it’s micro-conti
Slide 23: Orogenic Au Environment
ABITIBI BELT HOST TO 100M+ OUNCES OROGENIC AU ENVIRONMENT • Orogenic gold environments form along continental collision margins, where major regional-scale deep-seated structures develop. • These zones are host to magmatism, metamorphism, deformation, and see turbidite sediments unconformably deposi
Slide 24: An Ideal Plumbing System
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 which found a home in displacement accommodation faults. • This is similar to Fosterv
Slide 25: Keats High-Grade Controls
KEATS HIGH-GRADE This bed is more brittle than the other beds. e wack Gold in the New Found Gold resources occurs in rock that has been grey strongly affected by tectonic forces - leading to a deformed mass CONTROLS that has been able to fracture and break to pipe gold bearing fluids through the roc
Slide 26: Victorian Goldfields Analog
VICTORIAN GOLDFIELDS ANALOG GEOLOGIC COMPARISON OF VICTORIA GOLDFIELDS AND CENTRAL GOLD BELT, NEWFOUNDLAND • Gold mineralization hosted in middle Bendigo Gold Belt, Central Gold Belt, Australia Newfoundland Ordovician sediments, of sub-greenschist Cambro-Ordovician to greenschist metamorphic grade H
Slide 27: Comparison to Fosterville Swan Zone
COMPARISON TO FOSTERVILLE SWAN ZONE VICTORIAN GOLDFIELDS ANALOG Comparison of gold mineralization at Queensway to high-grade mineralization samples from the Swan Zone, Fosterville Mine Queensway Project Fosterville Mine Queensway Project Fosterville Mine Left, core from Keats zone, Queensway Project
Slide 28: Comparison to Fosterville Swan Zone
COMPARISON TO FOSTERVILLE SWAN ZONE VICTORIAN GOLDFIELDS ANALOG Comparison of gold mineralization at Queensway to high-grade mineralization samples from the Swan Zone, Fosterville Mine Queensway Project Fosterville Mine Queensway Project Fosterville Mine Left, core from Keats zone, Queensway Project
Slide 29: Our Home Newfoundland
OUR HOME NEWFOUNDLAND • Newfoundland is rated #8 in the world as a mining jurisdiction by the Fraser Institute. • Newfoundland announced an initiative to build 5 new mines by 2030. • The Province is host to a strong workforce and is very business friendly. • 90% of New Found’s 180 employees and cons
Slide 30: Keats Cross-Sections
B B’ NW SE KEATS CROSS-SECTIONS 8A 18 3 -2 74 64 9 48 0 5 1- 13 14 GC -4 14 NF 1-4 2- -2 1- 1- 1- NF 22 -2 GC -2 -2 -2 - GC GC GC NF GC GC -100 NF NF NF NF KEATS CROSS SECTION MAP NFGC-21-145 21.29 gpt Au / 2.50m Drill Holes Au Grade (g/t) BLACK Current Assays Reported 0.5 - 1.0 SHALE Assay Results