The Queensway project is located on the Trans-Canada Highway, a 15-minute drive west of Gander, Newfoundland.
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.
An unexplored district scale 1,500km2 land package within the highly prospective Central Newfoundland Gold Belt
100,000m of drilling now underway in two phases, including multiple targets along 8km of high priority strike length
New Found Gold’s first drill in a 10 hole program late 2019 intersected 92.9 g/t Au over 19.0m including 285.2 g/t Au over 6.0m, starting 96.0m down hole
Excellent access to infrastructure; located 12km West of Gander, Newfoundland and is bisected by the Trans Canada Highway
All projects carry low royalties below 2.1% with most properties carrying 0-1.0%
105km of untested strike length with multiple targets. Similar geologic setting to the Fosterville Mine, Victoria Goldfields
The Queensway project is located on the Trans-Canada Highway, a 15-minute drive west of Gander, Newfoundland.
A network of maintained forestry roads crisscross the project and provide excellent access for year-round exploration and drilling.
The high-grade discovery hole at Keats (NFGC 19-01) is located less than 1 km from the highway.
The nearby Town of Gander has a population of 14,000, an international airport, and several industrial supply and support services.
A significant number of the geologists and prospectors employed by the Company reside in Gander.
Queensway Project (151,030 hectares) covers more than 105 km NE to SW strike on two primary fault zones, Appleton and JBP.
The Queensway project is divided by Gander Lake into Queensway North and Queensway South.
Significant historic exploration work and drilling has revealed multiple high-grade gold targets on Queensway North.
A very large scale regional till program by New Found has identified large gold in till anomalies coincident with the Appleton and JBP faults on Queensway South, covering areas up to 5km x 2km.
Prospecting, geological surveys and gold mineralization reports did not begin in Newfoundland until the late 1980’s.
The first gold showing in Central Newfoundland was recorded in the early 1980’s.
The Central Newfound Gold Belt is only now in the discovery phase and despite multiple occurrences of high grade gold, the Queensway Project area was largely open for staking when New Found Gold began its property acquisition program in 2015.
New Found Gold is now pursuing multiple targets for discovery over 105km of perspective strike distance.
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. New Found Gold identified this structure for its significant gold potential and consolidated land holdings over a 105km segment of the structure in Newfoundland, Canada.
A number of large gold systems have been found along these major suture zones including:
New Found Gold Corp holds a portfolio of mining and royalty interests in nine projects throughout northeastern Ontario
While no two mineral systems are ever identical, there is strong evidence to suggest the Central Newfoundland Gold Belt has many similarities to the Bendigo goldfields in Victoria state, Australia which New Found Gold is using as an early geological mode.
Bendigo goldfields has produced over 22 Moz of gold over its >150yr mining history.
Fosterville Mine (Kirkland Lake Gold) is currently in production as the world’s highest grade and one of the lowest cost primary gold mines.
Progressive compression, folding, faulting and mineralization of sediments. High-grade gold mineralization at Queensway focuses on small displacement accommodation faults, similar to Fosterville Swan Zone. (Modified From Willman 2007)
