CANADA'S NEWEST HIGH-GRADE GOLD DISCOVERY - TSX-V: NFG OTC: NFGFF
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CANADA’S NEWEST HIGH-GRADE GOLD DISCOVERY TSX-V: NFG OTC: NFGFF
DISCLAIMER
This presentation contains certain forward-looking statements within the meaning of Canadian securities legislation (the “Forward-looking Statements”), including with respect to the exploration and drill programs at the Company’s Queensway Project in
Newfoundland. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not
always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,” “can,” “could” or “should” occur,
or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they
involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause future results to differ materially from those anticipated in these forward-looking statements include uncertainties related to fluctuations in gold and other commodity prices, uncertainties inherent in the exploration of mineral
properties and the impact and progression of the COVID-19 pandemic and other risk factors set forth in the Company’s final prospectus under the heading “Risk Factors”. The reader is urged to refer to the Company’s reports, publicly available through the
Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects. Except to the extent required by applicable securities laws and
the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. New factors emerge from time to time, and it is not
possible for NFG to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward- looking
Statements contained in this presentation are expressly qualified in their entirety by this cautionary statement.
Information of a scientific nature related to the Queensway Project included in this presentation is based on the NI 43-101 Technical Report for the Queensway Project, Newfoundland, Canada, dated July 9, 2021, with an effective date of May 27, 2021 (the
“Queensway Report”), prepared by René Sterk, M.Sc., MAIG (RPGeo) FAusIMM CP(Geo) MSEG of RSC Consulting Limited and Stefan Kruse, PhD., P.Geo., (APEGNB, PEGNL, EGBC) of Terrane Geoscience Inc., who are independent qualified persons
under NI 43-101
Greg Matheson, P.Geo., the Chief Operating Officer of the Company, and a qualified person pursuant to NI 43-101, has reviewed and approved the scientific and technical information contain in this presentation. Mr. Matheson has verified the data disclosed
herein, including sampling, analytical and test data underlying the technical information contained herein. True widths of the new exploration intercepts in this presentation are uncertain. Host structures along the Appleton Fault Zone are generally interpreted
to be steeply dipping and true widths are estimated to be 85% to 95% of reported widths at Keats, 80% to 90% at Lotto, 70% to 90% at Golden Joint, 65% to 75% at Dome, unknown at Cokes, 85% to 95% at Road, unknown at Little-Powerline, and unknown
at Knob. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging.
Assays are uncut, and calculated intervals are reported over a minimum length of 2 meters using a lower cutoff of 1.0 g/t Au. All HQ split core assays reported were obtained by either complete sample metallic screen/fire assay or standard 30-gram fire-assaying
with ICP finish at ALS Minerals in Vancouver, British Columbia or by entire sample screened metallic screen fire assay at Eastern Analytical in Springdale, Newfoundland. The whole sample metallic screen assay method is selected by the geologist when
samples contain coarse gold or any samples displaying gold initial fire assay values greater than 1.0 g/t Au. Any samples that returned over-limit values (>100 g/t silver) were analyzed with the Ag- OG62 procedure (Ag by HF-HNO3 -HClO4 digestion with HCl
leach, ICP-AES or AAS finish). Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with National Instrument 43-101 and
industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Company as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.
While the information contained in this presentation is believed to be accurate, New Found Gold expressly disclaims any and all liability for any losses, claims or damages of whatsoever kind based upon the information contained in, or omissions from, this
presentation or any oral communication transmitted in connection therewith. In addition, none of the statements contained in this presentation are intended to be, nor shall be deemed to be, representations or warranties of the Company. Where the information is
from third-party sources, the information is from sources believed to be reliable, but the Company has not independently verified any of such information contained herein.
This presentation is not, and under no circumstances is to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of securities. Under no circumstances should the information contained herein be considered an offer to
sell or a solicitation of an offer to buy any securities.
TSX-V: NFG | 2
CONTENTS
Section 1 04 CORPORATE OVERVIEW
Section 2 11 QUEENSWAY PROJECT OVERVIEW
Section 3 16 QUEENSWAY NORTH
Section 4 27 QUEENSWAY SOUTH
Section 5 31 FOSTERVILLE SWAN ZONE ANALOG
TSX-V: NFG | 3
CORPORATE
OVERVIEW
S E C T I O N 1
TSX-V: NFG | 4
INVESTMENT HIGHLIGHTS
Drilling highlights
Hole No. Interval Au Hole No. Interval Au
• Project located on Trans-
(m) (g/t) (m) (g/t) Canada Highway 15km west of
Keats Zone Lotto Zone
Gander, Newfoundland.
NFGC-19-01 19.0 92.9 NFGC-20-17 4.8 41.2
NFGC-20-19 18.9 31.2 And 5.2 25.4 • Drilling advancing on Keats,
NFGC-20-23 41.4 22.3 NFGC-20-44 3.0 38.7
NFGC-20-29 16.9 25.0 NFGC-20-50 2.1 65.3
Golden Joint, and Lotto Zones
NFGC-20-32 13.1 45.3 NFGC-20-100 2.5 224.7 located along 2km of strike on
NFGC-20-41 10.4 22.5 NFGC-21-109 3.2 51.3 the Appleton Fault Zone.
And 15.9 31.4 NFGC-21-115 3.1 53.3
NFGC-20-52 2.1 136.7 NFGC-21-201 2.4 683.1
And 14.1 31.5 Within 11.5 150.3
• Drilling planned or underway to
And 5.6 13.7 NFGC-21-233 2.7 111.4 test multiple additional targets
NFGC-20-59 4.7 131.1 NFGC-21-278 2.1 15.5
And 17.7 124.4 NFGC-21-311 2.8 76.8
along approximately 20km of
NFGC-21-80 39.1 25.8 Including 1.9 112.5 strike on Appleton and JBP
And 2.3 41.6
fault structures.
NFGC-21-104 11.4 29.1 Golden Joint Zone
NFGC-21-118 13.7 61.8 NFGC-21-241 5.3 430.2
NFGC-21-137 7.2 261.3 • 1,510km2 project area,
NFGC-21-143 2.5 16.9 approximately 105km Queensway
And 8.4 63.7
NFGC-21-182 25.6 146.2
prospective strike. Project
NFGC-21-204 8.1 21.4
And 12.9 14.9 • 200,000m drill program
ongoing utilizing 8 drills,
*Note that the host structures along the Appleton Fault Zone are generally interpreted to be
steeply dipping and true widths are estimated to be 85% to 95% of reported widths at Keats, planned increase to 10. Newfoundland
80% to 90% at Lotto, 70% to 90% at Golden Joint, 65% to 75% at Dome, unknown at Cokes,
85% to 95% at Road, unknown at Little-Powerline, and unknown at Knob. Intervals are
calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging. • $115 million working capital.
TSX-V: NFG | 5
CAPITALIZATION
Basic Shares Outstanding 158,701,028
Broker Warrants @ $1.30 and $1.50 strike 73,585
Options 14,465,250
Fully Diluted Shares Outstanding 173,239,863
Working Capital $115M
Market Capitalization* $1,406M
*As of September 7, 2021 @ $8.93/share
TSX-V: NFG | 6
LEADERSHIP TEAM
Collin Kettell Craig Roberts, P.Eng. Denis Laviolette Dr. Quinton Hennigh Douglas Hurst
Founder & Executive Chairman CEO & Director Founder & President Director Director
Collin is the Founder & Executive Mining engineer with over 30 Over 10 years of experience in Economic geologist with Geologist with over 30 years
Chairman of Palisades Goldcorp years of operations, consulting mining and capital markets; 25 years of exploration experience as consultant, mining
Ltd., Canada’s newest resource and investment worked as a production and experience, mainly gold analyst, and senior executive. Part
focused merchant bank, with banking experience. Includes exploration geologist in Timmins, related. Led exploration of the founding group of
$420M AUM and growing. He work on feasibility studies for Kirkland Lake, Red Lake, Norway teams for Homestake Mining Newmarket Gold, which following
comes from a family with deep numerous mining projects and Ghana. Later worked as a Company, Newcrest Mining discovery of the high-grade Swan
ties to the mining, including co- worldwide, investment Ltd. and Newmont Mining Zone at the company’s Fosterville
mining analyst with Pinetree
founding AuEx Ventures, the banking/due diligence roles in Corp. Founder, Chairman and mine was sold to Kirkland Lake
Capital. Founder, Director and
President of Novo Resources, Gold in 2016 for $1 billion.
company responsible for over 200 institutional equity Executive Chairman of GoldSpot Serially successful mining
discovering the Long Canyon financings. Significant experience Discoveries Inc. (TSX.V: SPOT) Founder and Director of Irving
entrepreneur and executive.
deposit, a project ultimately advising management and boards and also currently serves as a Resources. Lead role
Founder of International Royalty
acquired by Newmont for $2.3B. on merger and acquisition Director of Xtra-Gold Resources in a number of discoveries
Corporation, sold in 2010 to Royal
Collin is the Founder & Executive transactions. Corp. (TSE: XTG). including significant Gold for $700 million. Serves as
Chairman of Nevada King Mining involvement in high-grade Chairman of Northern Vertex
Ltd., the fifth largest mineral claim Swan Zone discovery Mining and as a director of Calibre
holder in the State of Nevada; Co- at Fosterville. Mining and Newcore Gold.
Founder & CEO of Nevada King
Mining (TSX- V:NKG); Co-
Founder of GoldSpot Discoveries
(TSX-V:SPOT).
KEY PEOPLE AND ADVISORS
Greg Matheson, P.Geo. Michael Kanevsky, CPA Ken Rattee Cal Everett, B.Sc. Paul Matysek, M.Sc. Bassam Moubarak
COO CFO V.P. Exploration Advisor Advisor Advisor
A professional geologist with A Chartered Professional Over 36 years’ experience in Geologist with more than Serial entrepreneur, geochemist Finance professional with over
over 14 years experience Accountant with nine years of base and precious metal 14 years of surface and and geologist with over 40 years 15 years of experience. Since
managing grass roots post- designation professional mineral exploration in various underground exploration of experience in the mining 2008 Mr. Moubarak has been
exploration through to advanced experience working with management roles; former experience with senior mining industry. Since 2004 as CEO or involved in corporate
exploration projects; former public and private companies. chief geologist for Kirkland companies. Moved to the Chairman, Matysek has primarily transactions with an aggregate
exploration manager of Expertise in corporate Lake Gold’s Macassa Mine. financial sector in 1990, and focused on the exploration, value in excess of $800 million
Northern Gold Mining, senior reporting, financial processes Extensive experience spent 12 years with BMO Nesbitt development and sale of five and raised in excess of $150
project manager for Oban and risk management. Began developing, supervising and Burns focused on resource publicly listed companies, in million for mineral asset project
Mining and Osisko Mining. his professional career in the implementing exploration equities, and seven years with aggregate worth over $2 billion. development.
Responsible for the discovery audit and assurance practice campaigns including for Lac PI Financial Corp. in senior Most recently, he was Executive
and delineation of the >2.0 Moz. at Deloitte. Minerals, Kirkland Lake Gold, resource institutional sales and Chairman of Lithium X Energy
Garrison Gold project in NE Kinross Gold and capital markets. Corp. which was sold to
Ontario from early-stage Barrick Gold. From 2008 to 2015, was Nextview New Energy Lion
exploration through trial President and Chief Executive Hong Kong Limited (“Nextview”)
production mining. Officer of Axemen Resource for $265 million in cash.
Capital. Currently President & Awarded EY Entrepreneur of the
CEO of Liberty Gold. Year for Mining & Resources in
September 2018.
HISTORY / EXPLORATION TIMELINE
Expanded regional till High-grade
Completed detailed till Completed a regional Completed airborne program to cover Announces increase zone drill
sampling program scale till survey to gravity to test additional 750 sites / in drilling program to confirmed
covering the JBP sample over 750 Queensway systematic surface 200,000 meters and over 465m
Fault Zone location Project North mapping and sampling 8 drill rigs at Keats
2016-2017 NOV 2016 JUL 2017 FEB 2018 NOV 2019 MAR 2020 APRIL 2020 MAY 2020 AUG 2020 JAN 2021 FEB 2021 JULY 2021
Completed 9 separate Completed a property Completed a 1,950m Expanded the Initiated 25,000m Announces Announces
property transactions wide VTEM magnetic diamond drilling Queensway Project by diamond drilling discovery discovery
along with staking to and EM survey program at JBP and 74% through staking program at JBP and holes at Lotto holes at Golden
form the Queensway covering 821km2 Appleton Fault Zone to over 1500km2 Appleton Fault Zones Joint
Project
IPO Completed
Raised $31.4M @ $1.30 per share
TSX-V: NFG | 9
PROJECT
OVERVIEW
S E C T I O N 2
TSX-V: NFG | 10N
PROJECT OVERVIEW
• Located on the Trans-Canada
Highway, 15km west of Gander,
Newfoundland.
• 1,510km² project covering more than TARGETS ALONG 7.8KM OF APPLETON FAULT TARGETS ALONG 12.4KM OF JBP FAULT
100km of strike on two primary fault
Gander
zones: Appleton and JBP. Lake
• Project divided by Gander Lake into
Queensway North and Queensway
South.
• On Queensway North multiple high- LEGEND
grade targets identified along 7.8km of Gold Showings
the Appleton Fault and 12.4km of the Gold in Till Anomaly
JBP Fault. First Order Structure
Second Order
• A large-scale regional till program has Structure Queensway
Project
identified large gold in till anomalies
coincident with the Appleton and JBP
faults on Queensway South.
0 5 10 20
km
TSX-V: NFG | 11QUEENSWAY NORTH
• 200,000m program ongoing on Queensway North utilizing
nine drills, planned increase to 10.
• Drilling is targeting two prominent NE trending faults that
are the vital fluid conduits for gold mineralization:
Appleton Fault Zone
• Auriferous quartz veins hosted within shale and greywacke
identified over 7.8km of strike.
• Noranda focused with shallow drilling on the Knob target
south of the Trans Canada Highway.
• Significant new discoveries at Keats, Golden Joint, and
Lotto.
• Infill and step-out drilling ongoing on these zones, as well
as drill testing multiple additional targets along the AFZ.
JBP Fault Zone
• Sedimentary hosted quartz vein gold system identified
over 12.4km strike.
• Total historical drilling of 9,872m (54 drill holes).
• One drill now testing targets along the JBP Fault Zone.
TSX-V: NFG | 12GEOLOGIC SETTING
• The Dog Bay Line (DBL) is a significant suture BALTICA
formed at the closing of the Iapetus Ocean and
can be found on both sides of the Atlantic
Ocean.
DOG BAY LINE
• New Found Gold identified this structure for its HBF
Britain
Greenland
significant gold potential and consolidated land
holdings over 105km of strike. Ireland
DALRADIAN
• Prospecting did not begin in the Queensway
area until the late 1980’s when the first gold LAURENTIA
showing was recorded.
Labrador
• A number of large gold systems have been
found along this suture zone including:
Curraginalt Deposit MARATHON QUEENSWAY PROJECT
– Ireland
Iberia
Avalonia
Valentine Lake Deposit GONDWANA
– Newfoundland Ganderia Newfoundland
CCF
Haile Deposit
– North Carolina Meguma Early Ordovician suture
Africa
Middle Ordovician suture
Silurian suture
CLOSING OF THE IAPETUS Silurian/Devonian fault
OCEAN
(Pollock et al., 2007)
TSX-V: NFG | 13STRUCTURAL SETTING
NW SE
penetrative
mineralized low- fabric
displacement
faults
NW SE NW SE
Dog Bay line
GRC line
TSX-V: NFG | 14PROJECT GEOLOGY
• The Davidsville Sedimentary
Group is the primary host on
the Queensway project for
gold mineralization.
• Multiple geophysical surveys
indicate that the primary
host structures continue for
approximately 105km of
strike within this host
stratigraphy.
Regional Mag-EM Composite
TSX-V: NFG |
15GEOLOGY & MINERALIZATION
Comparable Features Bendigo Gold Belt, Australia Central Gold Belt, Newfoundland
• Gold mineralization hosted in middle
Ordovician sediments, of sub-greenschist to Cambro-Ordovician to
Middle Ordovician turbidites
Devonian turbidites
greenschist metamorphic grade. Host Lithology
(shales, siltstones sandstones)
(sandstones, siltstones, shales)
• Gold mineralization is fault hosted; visible
Classic saddle reef fold structures AND
gold is common as disseminations in Fault hosted orogenic gold
Structural features fault hosted deposits (e.g.
quartz-carbonate veining. Fosterville Swan Zone)
deposits
• Accessory minerals include pyrite,
Metamorphic Grade Sub-greenschist to greeenschist Sub-greenschist to greeenschist
arsenopyrite, chalcopyrite, sphalerite,
stibnite and boulangerite. Visible gold is common as
Visible gold is common as
• While no two mineral systems are ever disseminations in
disseminations in
quartz-carbonate veining
identical, there is strong evidence to quartz-carbonate veining
suggest the Central Newfoundland Gold Mineralogy Accessory minerals include
Belt has many similarities to the Victoria Accessory minerals include pyrite, arsenopyrite,
goldfields. arsenopyrite, pyrite, sphalerite chalcopyrite, sphalerite,
stibnite and boulangerite
stibnite and boulangerite
• Bendigo goldfields has produced over 22
million oz of gold over its >150-year mining
Victoria Goldfields originally First gold occurrence noted in
history. Mining History discovered in 1850’s and early 1980’s; now entering
produced over 22 Moz discovery phase
• Fosterville Mine (Kirkland Lake Gold)
is currently in production as one of the
world’s highest grade and lowest cost gold
mines.
TSX-V: NFG | 16QUEENSWAY
NORTH
S E C T I O N 3
TSX-V: NFG | 17APPLETON FAULT ZONE • Drilling continues to test a corridor up to approximately 1km wide along 7.8km of strike along the Appleton Fault Zone. • Recent high-grade drill intervals returned from Appleton Fault Zone at Keats, Golden Joint, and Lotto along 2km of strike on the AFZ. • This corridor encompasses +15 identified high- grade gold targets. • Corridor is covered by thin glacial till and geophysics, gold-in-till geochemistry, and drilling being utilized to generate additional drill targets. • The advancing understanding of controls on high- grade mineralization at Keats, Golden Joint, and Lotto guiding this targeting.
KEATS TO LOTTO 2KM LONG SECTION
Keats Zone Highlights Lotto Highlights
Golden Joint Zone Highlights
Hole No. Interval Au • Keats high-grade zone now Hole No. Interval Au Hole No.
Interval*
Au (g/t)
(m) (g/t) (m)
drill defined 465m down (m) (g/t)
Lotto Main:
Golden Joint Main:
NFGC-19-01 19.0 92.9 plunge and open. NFGC-20-17 4.8 41.2
NFGC-20-19 18.9 31.2 NFGC-21-171 4.9 10.4
And 5.2 25.4
NFGC-21-241 5.3 430.2
NFGC-20-23 41.4 22.3
• Initial high-grade discovery NFGC-20-27 2.0 31.3
NFGC-20-29 16.9 25.0 Golden Joint HW: NFGC-20-44 3.0 38.7
NFGC-20-32 13.1 45.3
hole of 92.9 g/t Au over NFGC-21-199 2.0 12.7 Within 6.5 18.1
NFGC-20-41 10.4 22.5 19.0m in NFGC-19-01 at NFGC-20-50 2.1 65.3
NFGC-20-100 2.5 224.7
And 15.9 31.4 shallow depth. • Recent discovery hole NFGC-21-109 3.2 51.3
NFGC-20-52 2.1 136.7
NFGC-21-241 at Golden NFGC-21-115 3.1 53.3
And 14.1 31.5
• Recently hole NFGC-21- Joint returned 430.2 g/t Au NFGC-21-201 2.4 683.1
And 5.6 13.7 Within 11.5 150.3
NFGC-20-59 4.7 131.1 182 returned 146.2 g/t Au over 5.3m. NFGC-21-233 2.7 111.4
And 17.7 124.4 over 25.6m approximately NFGC-21-278 2.1 15.5
NFGC-21-311 2.8 76.8
NFGC-21-80 39.1 25.8 425m down plunge. Including 1.9 112.5
And 2.3 41.6
NFGC-21-104 11.4 29.1
NFGC-21-118 13.7 61.8
• High-grade zone at Lotto now
NFGC-21-137 7.2 261.3 Zoom in views of Keats, Golden Joint, and Lotto in the pages that follow.
extended to 200m vertical depth.
NFGC-21-143 2.5 16.9
And 8.4 63.7 Note that the host structures along the Appleton Fault Zone are generally interpreted to be steeply dipping and true widths are estimated to be 85% to 95% of reported widths at Keats, 80% to 90% at Lotto, 70% to 90%
at Golden Joint, 65% to 75% at Dome, unknown at Cokes, 85% to 95% at Road, unknown at Little-Powerline, and unknown at Knob. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in
NFGC-21-182 25.6 146.2 the averaging.
NFGC-21-204 8.1 21.4
And 12.9 14.9KEATS LONG SECTION
Highlight Intervals
Hole Interval* Au Hole Interval* Au
(m) (g/t) (m) (g/t)
19-01 19.0 92.9 20-56 32.3 6.2
20-18 7.9 24.1 20-59 4.7 131.1
20-19 18.9 31.2 And 17.7 124.4
20-21 18.4 15.8 20-74 4.1 45.6
20-23 41.4 22.3 21-79 7.9 22.7
20-26 6.9 44.5 21-80 39.1 25.8
20-28 4.1 40.1 And 2.3 41.6
20-29 16.9 25.0 21-85 3.0 49.4
20-30 6.1 10.3 21-87 4.7 27.8
20-32 13.1 45.3 21-90 3.9 24.5
20-34 2.4 29.3 21-97 6.5 37.1
20-37 10.3 25.0 21-101 8.5 17.9
20-38 5.8 19.8 21-103 3.5 19.3
20-40A 7.3 19.3 21-104 11.4 29.1
20-41 10.4 22.5 21-105B 2.0 41.8
And 15.9 31.4 21-118 13.7 61.8
20-43 18.2 10.0 21-119 7.0 15.6
20-45 13.8 28.4 21-122 9.2 106.5
And 3.3 20.6 21-137 7.2 261.3
And 2.0 17.1 21-143 2.5 16.9
20-46 2.9 13.7 And 8.4 63.7
20-52 2.1 136.7 21-182 25.6 146.2
And 14.1 31.5 21-204 8.1 21.4
And 5.6 13.7 And 12.9 14.9
*Note that the host structures along the Appleton Fault Zone are
generally interpreted to be steeply dipping and true widths are
estimated to be 85% to 95% of reported widths at Keats, 80% to 90%
at Lotto, 70% to 90% at Golden Joint, 65% to 75% at Dome, unknown
at Cokes, 85% to 95% at Road, unknown at Little-Powerline, and
unknown at Knob. Intervals are calculated at a 1 g/t Au cut-off grade;
grades have not been capped in the averaging.
20Keats Highlights
KEATS PLAN MAP Hole No.
NFGC-19-01
Interval*
(m)
19.0
Au (g/t)
92.9
NFGC-20-18 7.9 24.1
• High-grade gold now drill defined NFGC-20-19
NFGC-20-21
18.9
18.4
31.2
15.8
over 465m down plunge and NFGC-20-23 41.4 22.3
NFGC-20-26 6.9 44.5
approximately 200m vertically. NFGC-20-28 4.1 40.1
NFGC-20-29 16.9 25.0
NFGC-20-30 6.1 10.3
• Hole NFGC-21-182 one of the NFGC-20-32 13.1 45.3
NFGC-20-34 2.4 29.3
deepest to date returned 146.2 g/t NFGC-20-37 10.3 25.0
Au over 25.6m. NFGC-20-38
NFGC-20-40A
5.8
7.3
19.8
19.3
NFGC-20-41 10.4 22.5
• 4 drills conducting infill and step-out And 15.9 31.4
NFGC-20-43 18.2 10.0
drilling at Keats. NFGC-20-45 13.8 28.4
And 3.3 20.6
And 2.0 17.1
• Significant gold mineralization NFGC-20-46 2.9 13.7
NFGC-20-52 2.1 136.7
recently intercepted at Keats North And 14.1 31.5
(200m north of Keats) and Cokes And 5.6 13.7
NFGC-20-56 32.3 6.2
(500m west of Keats). NFGC-20-59 4.7 131.1
And 17.7 124.4
NFGC-20-74 4.1 45.6
• Follow up drilling planned at each of NFGC-21-79 7.9 22.7
NFGC-21-80 39.1 25.8
these targets. And 2.3 41.6
NFGC-21-85 3.0 49.4
NFGC-21-87 4.7 27.8
NFGC-21-90 3.9 24.5
NFGC-21-97 6.5 37.1
NFGC-21-101 8.5 17.9
NFGC-21-103 3.5 19.3
NFGC-21-104 11.4 29.1
NFGC-21-105B 2.0 41.8
NFGC-21-118 13.7 61.8
*Note that the host structures along the Appleton Fault Zone are
NFGC-21-119 7.0 15.6
generally interpreted to be steeply dipping and true widths are
NFGC-21-122 9.2 106.5
estimated to be 85% to 95% of reported widths at Keats, 80% to
NFGC-21-137 7.2 261.3
90% at Lotto, 70% to 90% at Golden Joint, 65% to 75% at Dome,
unknown at Cokes, 85% to 95% at Road, unknown at Little- NFGC-21-143 2.5 16.9
Powerline, and unknown at Knob. Intervals are calculated at a 1 g/t And 8.4 63.7
Au cut-off grade; grades have not been capped in the averaging. NFGC-21-182 25.6 146.2
NFGC-21-204 8.1 21.4
And 12.9 14.9GOLDEN JOINT TO LOTTO
Lotto Highlights
Interval*
• Targets along this 1km corridor Hole No.
(m)
Au (g/t)
include Golden Joint, Golden Joint Lotto Main:
NFGC-20-17 4.8 41.2
HW, Road, Dome, Lotto, and And 5.2 25.4
Sunday. NFGC-20-27 2.0 31.3
NFGC-20-44 3.0 38.7
• Lotto, Golden Joint, and Golden Within 6.5 18.1
NFGC-20-50 2.1 65.3
Joint HW highlights in tables to right. NFGC-20-100 2.5 224.7
NFGC-21-109 3.2 51.3
• Interval of 35.4 g/t Au over 2.7m NFGC-21-115 3.1 53.3
NFGC-21-201 2.4 683.1
intercepted at Road, and 2.03 g/t Within 11.5 150.3
Au over 7.1m at Dome. NFGC-21-233 2.7 111.4
NFGC-21-278 2.1 15.5
• Step out drilling continuing including NFGC-21-311
Including
2.8
1.9
76.8
112.5
to depth on interpreted higher grade
zones. Golden Joint Highlights
Interval*
• Drilling testing of additional targets Hole No.
(m)
Au (g/t)
styles underway including in Lotto Golden Joint Main:
NFGC-21-171 4.9 10.4
Baseline Fault Zone. NFGC-21-241 5.3 430.2
Golden Joint HW:
NFGC-21-199 2.0 12.7
*Note that the host structures along the Appleton Fault Zone are generally interpreted to be steeply dipping and true widths are
estimated to be 85% to 95% of reported widths at Keats, 80% to 90% at Lotto, 70% to 90% at Golden Joint, 65% to 75% at Dome,
unknown at Cokes, 85% to 95% at Road, unknown at Little-Powerline, and unknown at Knob. Intervals are calculated at a 1 g/t Au
cut-off grade; grades have not been capped in the averaging.
TSX-V: NFG | 22GOLDEN JOINT LONG SECTION
• An intercept of 430.2 g/t
Au over 5.25m in hole
NFGC-21-241 in new
discovery at Golden Joint
Zone announced June
30, 2021.
• Golden Joint is a new
discovery area
approximately 1km north
of the Keats Zone.
• Follow up drilling at
Golden Joint is ongoing.
*Note that the host structures along the
Appleton Fault Zone are generally
interpreted to be steeply dipping and true
widths are estimated to be 85% to 95% of
reported widths at Keats, 80% to 90% at
Lotto, 70% to 90% at Golden Joint, 65% to
75% at Dome, unknown at Cokes, 85% to
95% at Road, unknown at Little-Powerline,
and unknown at Knob. Intervals are
calculated at a 1 g/t Au cut-off grade;
grades have not been capped in the
averaging.
TSX-V: NFG | 23LOTTO LONG-SECTION • Drilling to date at Lotto has defined a zone of high-grade gold mineralization with good continuity to a depth of approximately 130m and open. • Mineralization is hosted in an approximately 65o dipping vein filled structure. • The mineralization drilled at Lotto is interpreted to display epizonal features similar to the high-grade gold mineralization encountered Keats. *Note that the host structures along the Appleton Fault Zone are generally interpreted to be steeply dipping and true widths are estimated to be 85% to 95% of reported widths at Keats, 80% to 90% at Lotto, 70% to 90% at Golden Joint, 65% to 75% at Dome, unknown at Cokes, 85% to 95% at Road, unknown at Little-Powerline, and unknown at Knob. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging. 24
LOTTO COMPOSITE CROSS-SECTION
Looking north, 325m clipping
25EXAMPLE MINERALIZATION
Keats Zone: NFGC-19-01 @ 106.5m
Lotto Zone: NFGC-21-100 @ 120.0m
Keats Zone: NFGC-20-45 @ 47.5m
26EXAMPLE MINERALIZATION
Golden Joint Zone: NFGC-21-241 between 207.85 and 213.1mDRILL TESTING 12.4KM ON
JBP FAULT ZONE
High-grade gold system along 12.4km strike length of the JBP Fault
Zone
• Significant opportunity for expansion from the existing zones along strike and at
N
depth.
• Very few drill holes reach below 100m vertical depth and significant distances 798 g/t Au Boulder
exist between gold zones with no drilling.
• Most of the drilling has occurred along a 3km segment of 12.8km 1744
of prospective JBP structure on the northern part of the Queensway Project. Glass Zone
QUEENSWAY NORTH PROJECT
• Drilling has now commenced on the 1744 and 798 targets.
2019 Drilling for H-Pond 3km Diamond Drill Hole Intercapts
• (1744 Zone) NFGC-19-09: 4.39 g/t Au over 9.0m (incl. 17.45 g/t Au over 2.0m). 0.5 - 1.0 g/t Au
POCKET POND
• (H-Pond Zone) HP-19-05: 6.74 g/t Au over 3.0m. 1.0 - 5.0 g/t Au
> 5.0 g/t Au
Significant Historic Drill Intercepts in the H-Pond Prospect Rock Samples
from 2004-2006 (32 Holes) 0.5 - 1.0 g/t Au
• HP-04-03: 16.3 g/t Au over 2.4m. 1.0 - 5.0 g/t Au
• HP06-35: 12.3 g/t Au over 1.1m. > 5.0 g/t Au
• HP05-15: 9.79 g/t Au gold over 1.2m.
New Found Gold Corp Property
• HP05-11: 6.91 g/t Au over 1.9m. QUEENSWAY Gander Lake
Significant Historic Drill Intercepts in the Pocket Pond Prospect NORTH
EM Fault
from 2004-2008 (15 Holes)
EM Lineamont
• HP08-44: 12.4g/t Au over 3.5m.
• HP04-07: 6.63 g/t gold over 1.70m.
• HP08-48: (11.1 g/t Au over 11.9m).
TSX-V: NFG | 28REGIONAL
EXPLORATION
• Systematic drilling underway to test
+20km prospective strike.
• New vectoring methods are being
applied, developed utilizing signatures
from discoveries at Keats and Lotto and
regional data including geophysics and
structural mapping.
TSX-V: NFG | 29QUEENSWAY
SOUTH
S E C T I O N 4
TSX-V: NFG | 30N
GOLD IN TILL SURVEY
APPLETON FAULT
• In 2018 a regional scale till sampling
program was completed targeting a JBP FAULT
60km strike length of the southern
extension of the Appleton and JBP Fault
Zone utilizing a 2km x 2km grid.
Gander
Southern Extension of Lake
• Following up on results from this work, a Faults
secondary infill gold-in-till survey was
then completed along a section of the
Appleton Fault Zone (blue area on Detailed Till Program
Targeting Numerous Gold
figure). Showings ALong A Strong LEGEND
Magnetic Lineament
2018 Regional Till Site
2018 Detailed Till Site
GOLD OCCURRENCES
Prospect
Showing
Trans Canada Highway
Queensway Project
0 5 10 20
km
TSX-V: NFG | 31GOLD IN TILL ANOMALIES
N
• The gold-in-till survey work has outlined
six broad areas of anomalous in gold in
till counts, as shown in red in figure to
the right. GOLD ZONES ALONG 7.8KM OF APPLETON FAULT GOLD ZONES ALONG 12.4KM OF JBP FAULT
• These anomalies are coincident with Gander
Lake
projections of the Appleton and JBP
faults, made based on geophysical
survey work.
EASTERN POND ANOMALY
• Field work in 2020 focused on the
Eastern Pond anomaly, with results LEGEND
summarized on next page. Gold Showings
Gold in Till Anomal
• In 2021 field work is now underway First Order Structure
focused on Eastern Pond and other Second Order Structure
identified anomalies. Queensway Project
0 5 10 20
km
TSX-V: NFG | 32N
Subcrop Sample
Cluster up to 15 g/t Au
EASTERN EASTERN POND 2020
PRELIMINARY TILL RESULTS
POND
The Eastern Pond target is LEGEND
Till Sample with 163
located approximately 45km Pristine Gold Grains PRISTINE GOLD GRAIN COUNT
south of Queensway North drill Field of Underwater
0-5
6-10
program. Quartz Boulders
11-15
16-25
• Work to date has yielded New 2020 Samples 51-163
very high gold-grain-in-till > 1 g/t Au Results Pending
counts with high GRAB SAMPLES G/T AU
percentages of pristine gold 5.0
returned grade of up to 15.0
g/t Au. Till Sample with Large Scale Structures NE-NNE
17 Pristine Gold Grains
Mag Lineaments
• 4km of strike defined by till
EM Lineaments
and subcrop samples
EM Lineaments Area
and open.
2018 Gold in Till Anomaly
Additional Till Samples
Pending Analysis
0 250 500 1,000 1,500 2,000
m
TSX-V: NFG | 33FOSTERVILLE
SWAN ZONE
ANALOG
S E C T I O N 5
TSX-V: NFG | 34COMPARISON TO FOSTERVILLE SWAN ZONE
Queensway Project Fosterville Mine Queensway Project Fosterville Mine
TSX-V: NFG | 35COMPARISON TO FOSTERVILLE SWAN ZONE
Queensway Project Fosterville Mine Queensway Project Fosterville Mine
TSX-V: NFG | 36newfoundgold.ca
TSX-V: NFG OTC: NFGFF
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