New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (June 2022)
35 slides from New Found Gold's investor presentation, Jun 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 Queensway project is located on the Trans- Drilling is advancing on Keats, Golden Joint, and Lotto Drilling planned or underway to test multiple Canada Highway 15km west of Gander, Zones located along 2.7km of strike on the Appleton Fault additional targets along approximately
Slide 4: Capitalization
CAPITALIZATION CURRENT OWNERSHIP Basic Shares Outstanding 165,469,256 31%* PALISADES GOLDCORP Broker Warrants @ $1.50 strike 2,029 29%^ Options 13,391,125 ERIC SPROTT Fully Diluted Shares Outstanding 178,862,410 1% MANAGEMENT & INSIDERS Cash & Marketable Securities* C$ 88M Market Capitalization* C$
Slide 5: Leadership Team
LEADERSHIP TEAM Collin Kettell Denis Laviolette Dr. Quinton Hennigh Douglas Hurst Vijay Mehta Founder, Chairman & CEO Founder & President Independent Director Independent Director Independent Director Collin is the Founder & Executive Over 10 years of experience in Economic geologist with Geologist
Slide 6: Key People
KEY PEOPLE Michael Kanevsky, CPA Greg Matheson, P.Geo. Melissa Render, P.Geo. Craig Roberts, P.Eng. Bassam Moubarak CFO COO V.P. of Exploration Lead Advisor Advisor A Chartered Professional A professional geologist An exploration geologist Professional mining engineer Finance professional with Accou
Slide 7: Project Overview
PROJECT OVERVIEW QUEENSWAY NORTH • Initial drilling testing multiple high- grade targets along 9.45km of Appleton Fault Zone • Testing of targets on 12.4km of JBP Fault Zone now underway QUEENSWAY SOUTH • Work continues to vector onto targets on over 70km of prospective strike on Queensway South • F
Slide 8: Queensway North
QUEENSWAY NORTH • 400,000m drill program ongoing now ramping up from 11 to 14 drills • Approximately 38% of the planned 400,000m program at Queensway has been drilled to date with approximately 21,400m of the core with pending assay results • Step out drilling is continuing on three advancing discov
Slide 9: Geologic Setting
GEOLOGIC SETTING BALTICA • Appalachian Orogeny - collision of Laurentia with Gondwana and it’s micro-continents (Gandaria and Avalonia) HBF DOG BAY LINE Greenland Britain • The Dog Bay Line (DBL) – major suture formed by DALRADIAN the closing of the Iapetus Ocean and can be found Irelan on both side
Slide 10: Orogenic Au Environment
OROGENIC AU ENVIRONMENT Penobscot Gander Ophiolites Group QUEENSWAY Iapetus Ocean • Continent-Continent PROJECT Exploits Basin collision and terrane accretion Davidsville Group • Development of Indian Islands Gr. major regional- Botwood Group scale deep-seated structures • Magmatism, metamorphism, d
Slide 11: Litho-Structural Setting
LITHO-STRUCTURAL SETTING NW SE NW SE NW SE penetrative mineralized low- fabric displacement faults Dog Bay line GRC line increasing slip on decollement slip on decollement oceanic crust oceanic crust oceanic crust Progressive compression, folding, faulting and mineralization of sediments. High-grade
Slide 12: Property Geology
PROPERTY GEOLOGY Detailed Map Area Z PF JB • Predominantly Ordovician Davidsville Group Z AF • Shallow marine siliciclastic sedimentary rocks (mudstone, siltstone, sandstone, Detailed Map conglomerate with minor carbonate, volcanic and intrusive rocks 1744 Lotto • Unconformably overlies the Gander R
Slide 13: High-Grade Gold Mineralization Styles
HIGH-GRADE GOLD MINERALIZATION STYLES Lotto Zone: NFGC-21-100 @ 120.0m Keats Zone: NFGC-19-01 @ 106.5m Keats Zone: NFGC-20-45 @ 47.5m *Note that these photos are not intended to be representative of gold mineralization in the noted holes. TSX-V: NFG, NYSE-A: NFGC 13
Slide 14: High-Grade Gold Mineralization Styles
HIGH-GRADE GOLD MINERALIZATION STYLES Golden Joint Zone: NFGC-21-241 between 207.85m and 213.1m *Note that these photos are not intended to be representative of gold mineralization in hole NFGC-21-241. TSX-V: TSX-V:NFG, NFG,NYSE-A: NYSE-A:NFGC NFGC 14
Slide 15: Victorian Goldfields Analog
VICTORIAN GOLDFIELDS ANALOG • Gold mineralization hosted in middle Ordovician sediments, of sub-greenschist to Geologic comparison of Victoria Goldfields and Central Gold Belt, Newfoundland greenschist metamorphic grade Victoria Goldfields, Central Gold Belt, Australia Newfoundland • Gold mineraliza
Slide 16: Victorian Goldfields Analog
VICTORIAN GOLDFIELDS ANALOG Comparison of gold mineralization at Queensway to high-grade mineralization samples from the Swan Zone, Fosterville Mine 1 cm 1 cm 1 cm 1 cm QUEENSWAY PROJECT FOSTERVILLE MINE QUEENSWAY PROJECT FOSTERVILLE MINE Left, core from Keats zone, Queensway Project; right, core fr
Slide 17: Victorian Goldfields Analog
VICTORIAN GOLDFIELDS ANALOG Comparison of gold mineralization at Queensway to high-grade mineralization samples from the Swan Zone, Fosterville Mine 1 cm 1 cm 1 cm 1 cm QUEENSWAY PROJECT FOSTERVILLE MINE QUEENSWAY PROJECT FOSTERVILLE MINE Left, core from Keats zone, Queensway Project; right, core fr
Slide 18: Appleton Fault Zone
APPLETON FAULT ZONE • Drilling continues to test a corridor up to approximately 1km wide along 9.45km of strike along the Appleton Fault Zone • Step-out drilling is continuing at the Keats, Golden Joint, and Lotto discoveries, along 2.7km of strike on the AFZ, including testing targets between these
Slide 19: Keats to Lotto 2.7 km Strike
KEATS TO LOTTO 2.7 KM STRIKE • As a result of progressive deformation during a continental collision event, the brittle host stratigraphy at Queensway developed an extensive network of gold-bearing fault zones enveloping the AFZ, the extents of which are not yet known • This fault network is illustr
Slide 20: Keats to Lotto 2.7 km Long Section
KEATS TO LOTTO 2.7 KM LONG SECTION Keats Highlights – Main Zone Golden Joint Highlights – Main Zone Lotto Highlights - Main Zone True widths of the intercepts in this presentation are uncertain and intervals are Hole No. Interval (m) Au (g/t) Hole No. Interval (m) Au (g/t) Hole No. Interval (m) Au (
Slide 21: Drill Interval Grade Distribution
DRILL INTERVAL GRADE DISTRIBUTION From To Int e rva l Au From To Int e rva l Au Hole No. Hole No. (m ) (m ) (m ) (g/t ) (m ) (m ) (m ) (g/t ) • Illustrative interval data for highlight Ke a t s M a in Ke a t s M a in (c ont inue d) intervals is summarized in the table to the N FGC-2 0 -5 9 3 8 .6 5
Slide 22: Keats Long Section
KEATS LONG SECTION Keats Highlights – Main Zone Highlights from April 8, 2022, news release labeled Hole No. Interval (m) Au (g/t) NFGC-19-01 19.00 92.9 Including 6.00 285.2 NFGC-20-19 18.85 31.2 Including 11.25 50.7 Including 5.25 100.6 NFGC-20-32 13.10 45.3 Including 5.45 82.7 NFGC-20-41 10.40 22.
Slide 23: Keats Plan Map
KEATS PLAN MAP Keats Highlights – Main Zone Highlights from April 11, 2022, news release are labeled Hole No. Interval (m) Au (g/t) NFGC-19-01 19.00 92.9 Including 6.00 285.2 NFGC-20-19 18.85 31.2 Including 11.25 50.7 Including 5.25 100.6 NFGC-20-32 13.10 45.3 • High-grade gold Including 5.45 82.7 d
Slide 24: Keats Cross-Sections
KEATS CROSS-SECTIONS Highlights from April 11, 2022, news release are labeled • Keats cross-sections looking NE showing gold mineralized veining hosted in the Keats Main Baseline Fault and in the footwall to this fault True widths of the intercepts in this presentation are uncertain and intervals ar
Slide 25: Golden Joint to Lotto
GOLDEN JOINT TO LOTTO Lotto Main Zone Highlights Golden Joint Main Zone Highlights Hole No. Interval (m) Au (g/t) Hole No. Interval (m) Au (g/t) NFGC-20-17 4.75 41.2 NFGC-21-241 5.25 430.2 Including 1.65 108.7 NFGC-21-322 4.25 15.3 NFGC-20-17 5.15 25.4 Including 2.40 25.8 Including 0.80 138.3 NFGC-2
Slide 26: Golden Joint Long Section
GOLDEN JOINT LONG SECTION • The recently reported intercept of 69.15 g/t Au over 14.15m in NFGC-21-462 demonstrates continuity and significant width of the high- grade vein that is now defined over a strike length of 250m and to a vertical depth of 300m True widths of the intercepts in this presenta
Slide 27: Golden Joint Cross Section
GOLDEN JOINT CROSS SECTION • At Golden Joint HW, the gold zone now been defined over a strike length of 190m and to a vertical depth of 125m True widths of the intercepts in this presentation are uncertain and intervals are reported as drill thickness along with an estimated range of true thickness.
Slide 28: Lotto Long-Section
LOTTO LONG-SECTION • The main high-grade Lotto vein has now been extended to a vertical depth of 225m with the intercept of 24.25 g/t Au over 2.20m in NFGC- 367A and over a strike length of 200m True widths of the intercepts in this presentation are uncertain and intervals are reported as drill thic
Slide 29: Lotto Cross-Section
LOTTO CROSS-SECTION • The Lotto main vein is located approximately 150m east of the AFZ, strikes north-south, steeply dips to the east and is open in all directions. • At Sunday, located between the main vein at Lotto and the Appleton Fault Zone, NFGC-21-319 intersected 23.08 g/t Au over 2.05m, 65m
Slide 30: JBP Fault Zone
JBP FAULT ZONE • In addition to its targeting along 9.45km of strike along the Appleton Fault Zone, New Found is also targeting an approximately 12.4 km corridor of strike along JBP Fault Zone (“JBPFZ”) • JBPFZ is interpreted to consist of a network of NE-trending, steeply dipping, regional-scale, g
Slide 31: JBP – 1744 Zone
JBP – 1744 ZONE • Highlights from recent drilling at the 1744 Zone include 31.88 g/t Au over 2.05m in NFGC-21-180 • The Pocket Pond mineralization is also interpreted to be epizonal style high-grade gold mineralization. True widths of the intercepts in this presentation are uncertain and intervals a
Slide 32: JBP - Pocket Pond Target
JBP - POCKET POND TARGET • Highlights from recent drilling at the Pocket Pond Zone include 25.40 g/t Au over 2.25m in NFGC- 21-304 • The Pocket Pond mineralization is also interpreted to be epizonal style high-grade gold mineralization True widths of the intercepts in this presentation are uncertain
Slide 33: Target Development
TARGET DEVELOPMENT • Regional gold-in-till survey work on Queensway South has outlined six broad areas of anomalous in gold in till counts, as shown in red in figure to the right. • These anomalies are coincident with projections of the Appleton and JBP faults, made based on geophysical survey work.
Slide 34: Eastern Pond
EASTERN POND The Eastern Pond target is located approximately 45km south of Queensway North drill program. • Work to date has yielded very high gold-grain- in-till counts with high percentages of pristine gold grains. • Sub-crop samples have returned grade of up to 15.0 g/t Au. • 4km of strike defin
Slide 35: Contact
Collin Kettell Chief Executive Officer ckettell@newfoundgold.ca Michael Kanevsky, CPA, CA TSX-V: NFG NYSE-A: NFGC Chief Financial Officer mkanevsky@newfoundgold.ca Bella Carter bella@newfoundgold.ca + 1 (845) 535-1486 New Found Gold Corp. Suite 1430 - 800 West Pender Street Vancouver, BC Canada V6C