Canada’s Newest

At the Center of the Newfoundland Gold Rush

500,000m drill
campaign underway
~ $52 million in
cash and marketable securities*
Supportive Large
Strategic Shareholders

*As of June 2023.

About Us

New Found Gold Corp.

New Found Gold is advancing its 100% owned 1,662km2 Queensway gold project, located on the Trans-Canada highway 15km west of Gander, Newfoundland. A 500,000m drill campaign is underway. Drilling is focused on a 9.5km corridor along the Appleton fault and a 12.4km corridor along the JBP fault.

Multiple high-grade targets

New Found has made several high-grade gold discoveries along the Appleton Fault Zone including Keats, Golden Joint, and Lotto, and the recently announced '515' zone. The Company is aggressively drilling at Queensway North to further unlock discovery potential, while work is also underway to define additional drill targets on approximately 70km of prospective strike along the Appleton and JBP fault structures on the southern portion of the Queensway property.

~ $52 million in cash and marketable securities*

New Found is well funded to pursue its exploration programs.

*As of June 2023.

Drilling Highlights

Zone Date
49.7 g/t Au over 29.90m Iceberg Mar 13, 2023
42.6 g/t Au over 32.00m Keats West Nov 28, 2022
430 g/t Au over 5.25m Golden Joint Jun 30, 2021
150 g/t Au over 11.50m Lotto Main Jun 23, 2021
106 g/t Au over 35.40m Keats Main May 21, 2021
124 g/t Au over 17.70m Keats Main May 4, 2021
261 g/t Au over 7.20m Keats Main Apr 20, 2021
69.2 g/t Au over 14.90m Keats Main Apr 7, 2021
25.8 g/t Au over 39.05m Keats Main Mar 10, 2021
86.2 g/t Au over 20.50m Keats Main Jan 28, 2020

*Additional details for these drilling highlight intervals are provided by clicking on this link.

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 Main Zone, 80% to 90% at Lotto Main Zone, 70% to 90% at Golden Joint, 65% to 75% at Dome, 85% to 95% at Road, and unknown at other targets. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging.

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