Canada’s Newest
Discovery

At the Center of the Newfoundland Gold Rush

650,000m drill
campaign underway
~ $23 million in
cash and marketable securities*
Supportive Large
Strategic Shareholders

*As of February 2025.

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    About Us

    New Found Gold Corp.

    New Found Gold is advancing its 100% owned 1,756km2 Queensway gold project on the Trans-Canada highway, 15km west of Gander, Newfoundland. A 650,000m drill campaign is underway. Drilling is focused on a 22km+ corridor along the Appleton Fault Zone and a 12.4km corridor along the JBP Fault Zone. The company is on track to deliver a maiden resource estimate by Q2 2025.

    Key Advancements

    • Doubled vertical depth extent of Au system with deep drilling
    • Keats Main and Iceberg Zones uncovered through trenching with channel sampling completed at Keats and planned for Iceberg in Q2 2025
    • Kingsway project acquisition extends the northern segment of the AFZ strike length to 22km+
    • Positive metallurgical test results for Keats, Iceberg, Lotto and Golden Joint

    Multiple high-grade targets

    20 zones and counting – New Found has made several high-grade gold discoveries along the Appleton Fault Zone. This mineralized envelope now covers an area over 4km in strike length and up to 1km wide. The Company is aggressively drilling at Queensway North along the Appleton Fault Zone, including several newly added near-surface targets gained through the Kingsway acquisition. Work continues to advance regional drill targets on approximately 70km of prospective strike along the Appleton and JBP fault structures on the southern portion of the Queensway property.

    ~ $23 million in cash and marketable securities*

    New Found is well funded to pursue its exploration programs.

    *As of February 2025.

    Drilling Highlights

    High-Grade
    Interval
    Zone Date
    Released
    1 105 g/t Au over 27.05m1 Iceberg Jun 5, 2023
    2 49.7 g/t Au over 29.90m1 Iceberg Mar 13, 2023
    3 42.6 g/t Au over 32.00m3 Keats West Nov 28, 2022
    4 69.2 g/t Au over 14.15m3 Golden Joint March 24, 2022
    5 430 g/t Au over 5.25m2 Golden Joint Jun 30, 2021
    6 150 g/t Au over 11.50m1 Lotto Main Jun 23, 2021
    7 106 g/t Au over 35.40m3 Keats Main May 21, 2021
    8 124 g/t Au over 17.70m2 Keats Main May 4, 2021
    9 261 g/t Au over 7.20m3 Keats Main Apr 20, 2021
    10 69.2 g/t Au over 14.90m1 Keats Main Apr 7, 2021
    11 86.2 g/t Au over 20.50m2 Keats Main Jan 28, 2020

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

    Note host structures are estimated fall into one of four categories depending on the zone in which the interval is located: 170% to 95%, 240% to 70%, 310% to 40%, or 4true widths are presently unknown. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness.

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