New Found Gold Corp. set out to assemble a strong portfolio of exploration stage projects in safe mining friendly jurisdictions in North America. We have identified one core project in the famed Abitibi region of Ontario and our flagship project in the emerging mining district of Newfoundland, Canada.
Our Lucky Strike project in Ontario covers 100 Km2 of favourable fault structures within the Kirkland Lake gold camp including a past producing mine. Our core gold project in Newfoundland is the Queensway Project covering numerous high grade gold showings along a 85 Km length of a significant gold bearing fault structure.
Largest land holder in Newfoundland with over 900 Km2 of prospective land
Large district scale projects present the opportunity for multiple discoveries
Projects are located near to regionally significant population centers of Gander, Newfoundland and Kirkland Lake, Ontario
Projects are all highway accessible along with hydro and contractor services readily available
All projects carry low royalties below 2.1% with most properties carrying 0 – 1.0%
The projects contain past exploration activities but are still considered to be underexplored and primed for new discoveries
The Dog Bay Line (DBL) is a significant suture formed at the closing of the Iapetus Ocean and can be found on both sides of the Atlantic Ocean. Bonanza King identified this structure for its significant gold potential and consolidated land holdings over a 85 Km segment of the structure in Newfoundland, Canada
New Found Gold Corp holds a portfolio of mining and royalty interests in nine projects throughout northeastern Ontario