New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (August 2022)
30 slides from New Found Gold's investor presentation, Aug 1, 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 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. GANDER JURISDICTION & INFRASTRUCTURE Newfoundland is rated a top 10 mining jurisdiction by Fraser Institute. QUEENSWAY PROJECT The Queensway Project is loca
Slide 4: Capitalization
CAPITALIZATION $927M $77M 178,850,410 Market Cash & Marketable Fully Diluted Capitalization Securities Shares Outstanding As of June 2022 As of July 2022 ERIC INSTITUTIONAL SPROTT & RETAIL 167,837,535 Basic Shares Outstanding 31%* 31% ^ 1% 37% 11,012,875 MANAGEMENT *This calculation includes shares
Slide 5: 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 515 Zones. KEATS DISCOVERY GOLDEN JOINT DISCOV
Slide 6: Geologic Setting
GEOLOGIC SETTING re BALTICA Main lapatus sutu xis ing a re read t u r Su Tho c sp • The Queensway Project is located along a continental DOG BAY LINE lanti HBF collision margin formed as part of the Appalachian Greenland Britain h At Orogeny – the collision of Laurentia with Gondwana Nort and it’s m
Slide 7: 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 8: 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 9: Project Overview
PROJECT OVERVIEW The Queensway Project is categorized into North and South, which in total covers 110km of prospective strike length. QUEENSWAY PROJECT GOLD TARGETS Gold Showings ALONG 12.4KM GOLD TARGETS QUEENSWAY NORTH OF JBP FAULT Gold in Till Anomaly Gander ALONG 9.45KM OF Lake First Order Struc
Slide 10: Queensway North
QUEENSWAY NORTH • At Queensway North, the majority of drilling has been focused on a string of high-grade discoveries along the Appleton Fault including Keats, Golden Joint, Lotto, and the recently discovered 515 Zones. • These zones remain open in all directions and at depth. • Systematic drilling
Slide 11: 2.7km Corridor of Appleton
2.7KM E LOTTO ON TZ UL BLACK FA SHALE CORRIDOR OF ON ET PL DOME AP GOLDEN GREYWACKE JOINT APPLETON LITTLE GOLDEN ROAD JOINT HW • This plan map shows a 2.7km corridor of SHALE Queensway North along the Appleton Fault, KEATS where a 1km wide deformation zone hosts NORTH multiple high-grade discoveries
Slide 12: Zooming in on the Keats
SHALE BLACK GREYWACKE ZOOMING IN SHALE E KEATS MAIN ZONE N ZO LT U ON THE KEATS FA KEATS HIGHLIGHTS – MAIN ZONE N Hole No. From (m) To (m) Interval (m) Au (g/t) TO NFGC-19-01 96.00 115.00 19.00 92.9 COKES E Including 105.00 111.00 6.00 285.2 PL NFGC-20-19 89.65 108.50 18.85 31.2 AP Including 96.00 1
Slide 13: Zooming in on Lotto
ZOOMING LOTTO ZONE PLAN MAP Drill Holes Assays Released Au Grade (g/t) 0.5 – 1.0 0 100 200 m IN ON Assay Results Pending 1.0 - 3.0 LOTTO Shear Zone 3.0 - 10.0 BLACK Au Vein >10.0 SHALE Au Vein Trend Interpreted DOME LOTTO GOLDEN Greywacke SHALE JOINT LITTLE GOLDEN LOTTO NORTH JOINT HW Shale ROAD Au
Slide 14: Zooming in on Golden Joint
GREYWACKE NE DOME ZOOMING GOLDEN JOINT ZONE PLAN MAP ZO Drill Holes Au Grade (g/t) LT SHALE Assays Released 0.5 – 1.0 AU Assay Results Pending 1.0 - 3.0 IN ON Shear Zone 3.0 - 10.0 NF Au Vein >10.0 TO LOTTO Au Vein Trend Interpreted GOLDEN BLACK Greywacke PLE JOINT SHALE Shale GOLDEN DOME GOLDEN Au
Slide 15: 3.4km Long Section
3.4KM LONG SECTION • Plotted on long section, the location of the major discovery zones with the immensity of the overall canvas becomes apparent. • Very little drilling has been done so far targeted at identifying mineralization between and outside of these zones. • The deepest drill hole to dates
Slide 16: Zooming Out to the Appleton North Zone
ZOOMING OUT TO THE APPLETON NORTH ZONE 36 TRENCH 26 SUNDAY • New Found controls 9.45km of the highly prolific Appleton North. LOTTO • Drilling to date has just scratched the surface, with the majority of POWERLINE DOME drilling occurring on the east side of the Appleton Fault, and most LITTLE holes
Slide 17: 400,000m Drill Program
400,000m DRILL PROGRAM 2023 • New Found is about half way through a fully funded 400,000m drill program • With 14 rigs turning, the Company is one of 2022 the most active explorers in North America • With drilling focused along a highly prospective mineralized corridor, discovery 2021 potential is v
Slide 18: Keats High-Grade Controls
KEATS HIGH-GRADE CONTROLS 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 that has been able to fracture and break to pipe gold bearing fluids through the roc
Slide 19: Stepping Back Out
STEPPING BACK OUT • The majority of drilling to date has occurred along the Appleton Fault Zone. A parallel structure known as the JBP Fault Zone is located 5km East and is known to host high-grade gold mineralization. • Systematic drilling is underway to test the full potential of this 20km+ of pro
Slide 20: Target Development
TARGET DEVELOPMENT APPLETON FAULT Gander Lake • Regional gold-in-till survey work on Queensway South JBP FAULT has outlined six broad areas of anomalous in gold in till counts, as shown in red in figure to the right. QUEENSWAY PROJECT • These anomalies are coincident with projections of the Gold Sho
Slide 21: Victorian Goldfields Analog
VICTORIAN GOLDFIELDS ANALOG GEOLOGIC COMPARISON OF VICTORIA GOLDFIELDS AND CENTRAL GOLD BELT, NEWFOUNDLAND Bendigo Gold Belt, Central Gold Belt, • Gold mineralization hosted in middle Australia Newfoundland Ordovician sediments, of sub-greenschist Cambro-Ordovician Middle Ordovician turbidites to gr
Slide 22: 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 23: 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 24: Leadership Team
LEADERSHIP TEAM Collin Denis Michael Douglas Vijay Kettell Laviolette Kanevsky, CPA Hurst Mehta Founder & Executive Founder & President CFO Independent Director Independent Director Chairman Over 10 years of experience A Chartered Professional Geologist with over 30 years Co-founder of Arkview Capit
Slide 25: Key People
KEY PEOPLE Ron Greg Melissa Craig Bassam Hampton Matheson, P.Geo. Render, P.Geo. Roberts, P.Eng. Moubarak CDO COO V.P. of Exploration Chief Technical Advisor Advisor Ron brings over 25 years of project A professional geologist with over An exploration geologist with Professional mining engineer Fina
Slide 26: Giga-Shack
GIGA-SHACK New Found is nearing completion on the construction of its new 25,000 square foot ‘Giga-Shack’ which will allow the company to continue to grow its exploration efforts. TSX-V: NFG, NYSE-A: NFGC | 26
Slide 27: 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 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
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