VANCOUVER, BC, July 6, 2021 /CNW/ - New Found Gold
Corp. ("New Found" or the "Company") (TSXV:
NFG) (OTC: NFGFF) is pleased to provide an update concerning
generative exploration results from multiple targets along the
prolific Appleton Fault Zone ("AFZ") on its 100%-owned
Queensway Project ("Queensway"), located on the Trans-Canada
Highway 15km west of Gander,
Newfoundland.
Queensway is host to an extensive epizonal orogenic gold system,
one capable of generating very high-grade gold
mineralization. To date, New Found has discovered three
robust structurally controlled high-grade gold deposits: Keats,
Lotto, and Golden Joint. High-grade gold mineralization is
typically comprised of intense quartz stockwork veining with
abundant fine particles of visible gold. Although sulphide contents
of such mineralization are generally very low, particles of the
lead-antimony sulfosalt, boulangerite, occur ubiquitously with
native gold. Lower grade gold intercepts are often encountered in
the vicinity of such high-grade mineralization often occurring in
altered sedimentary host rocks adjacent to quartz veins along with
moderately abundant disseminated sulphides including pyrite and
arsenopyrite. When such low-grade mineralization is
encountered in drilling, it can help point to high-grade
mineralization nearby.
New Found, with the help of GoldSpot Discoveries Corp.,
continually refines its geologic model to maximize the chances of
making further high-grade discoveries along the AFZ. Numerous new
targets have been the subject of recent drilling, and the Company
believes additional high-grade discoveries will be made as it
advances its ongoing 200,000m diamond
drill program. This news release provides a comprehensive overview
of recent exploration results from the AFZ corridor within the
North Queensway Project.
AFZ Exploration Highlights
New Found has made significant progress advancing multiple
targets along the Appleton Fault Zone on Queensway North.
Figure 1 below shows the Keats, Lotto, and Golden Joint discovery
areas along with additional primary generative targets.
The high-grade discoveries at the Keats, Lotto, and Golden Joint
Zones have each been made by following up on lower grade intervals
of gold mineralization from initial drilling in the target
area. In addition to the presence of gold mineralization
these discovery areas also display areas of alteration and
pathfinder elements that appear to be associated with high-grade
epizonal style gold mineralization. Significant areas of
white mica alteration along with boulangerite and chalcopyrite
mineralization occur proximate to higher grade gold.
The generative targets being pursued typically have significant
presence of these styles of alteration and pathfinder elements
coincident with significant gold mineralization. Based on our
interpretation, we believe these areas have a significantly
enhanced probability of hosting high-grade epizonal
mineralization.
Highlights of initial drilling on these generative targets is
summarized the Tables below, additional drill results from this
work provided in Drillhole Details section.
Figure 1. Appleton Fault Zone targets, Queensway
North
*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.
|
Denis Laviolette, President of
New Found, stated, "Our understanding of the genesis of
high-grade gold mineralization along the Appleton fault continues to evolve.
Following up on intervals of lower grade gold mineralization
associated with specific styles of alteration and pathfinder
minerals and elements was a key step in our discoveries of high
grade at Keats, Lotto, and recently Golden Joint. There are
now more than 15 additional areas along the Appleton fault that have returned significant
gold mineralization that we believe are prospective for high grade
epizonal style discovery. We are continuing with interpretation
work and additional drilling in the pursuit of finding additional
zones of high-grade epizonal style gold along 7.8km of strike along
the Appleton Fault Zone.
The Appleton fault is a deep
crustal structure and plumbing conduit persists for over 7km of
strike distance through Queensway North. With our discovery
success and continued generation and advancement of new targets,
our confidence continues to build that with further drilling we
will make additional discoveries of high-grade epizonal gold
mineralization along the Appleton Fault Zone."
*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.
|
Keats to Lotto Corridor
New Found's three advancing high-grade epizonal discoveries to
date occur along an approximately 2km corridor of the Appleton
Fault Zone, shown in the long section in Figure 2 below.
Figure 2. Long section along the Keats to Lotto
corridor
In addition to the Keats, Lotto, and Golden Joint discoveries,
exploration is continuing on multiple additional target areas
across an approximately 800m wide
corridor on the east side of the Appleton fault that demonstrates significant
gold mineralization coincident with alteration and mineralization
styles that are commonly found proximate to high-grade epizonal
style mineralization. The generative target areas in this
corridor include Keats North, Dome, Road, Golden Joint HW, and
Sunday (see Figure 1). Notable drill intervals in these generative
targets on the east side of the Appleton include 6.53g/t over 2.0m at Keats North, approximately 200m north of where the main Keats high-grade
zone appears to sub crop, 35.4g/t over 2.7m at Road, 38.7g/t over 2.95m at Sunday, and 12.7g/t over 2.0m at Golden Joint HW.
Generative targets along an approximately 500m wide corridor on the west side of the
Appleton Fault include Cokes and Little-Powerline which have both
returned encouraging drill intervals, as well as Trench 26 and Zone
36 where significant gold mineralization, alteration, and indicator
minerals have been noted in trenching to be followed up shortly
with drilling.
Keats Area (Keats Main, Keats FW, Keats North, Cokes)
Recently received Keats drill intervals along with intervals
returned from Keats North and Cokes are shown on the plan map and
long section in Figures 3 and 4 below.
Figure 3. Keats Area Plan View
*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.
|
Figure 4. Keats Long
Section
*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.
|
Keats Main
Highlight intervals from recently received Keats drilling
include:
*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.
|
- The intervals of 96.5g/t Au over 2.45m in hole NFGC-21-196 and 23.8g/t Au over
5.10m in NFGC-21-189 occur above the
primary dilative corridor of the Keats Fault Zone which still
yields significant gold mineralization.
Keats North
Drill holes NFGC-21-98 and NFGC-21-108 were drilled on a fence
line approximately 200m north of the
main Keats discovery (see Figure 3). Highlight intervals
include:
*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.
|
- The Company believes that Hole NFGC-21-108 intersected the
primary Keats Baseline fault structure. Additional drilling
is planned to further test the structure in this area.
Cokes
The Cokes target is on the west side of the Appleton fault approximately 300m from the main Keats Zone, which is being
drilled on the east side of the Appleton fault. Highlight intervals
include:
**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.
|
- Notable in the drilling at the Cokes target is a pervasive
alteration sequence, several brittle and ductile structural
elements and higher sulphide content representing a different style
of mineralization from the Keats but suggestive that a robust
mineral system has developed on the west side of the Appleton
Fault.
Golden Joint to Lotto Corridor
Target locations and recent results the from Golden Joint to
Lotto corridor are summarized in Figure 5 below.
Figure 5. Golden Joint to Lotto Corridor Plan Map
**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.
|
Golden Joint & Golden Joint HW
New Found recently reported results from the Golden Joint
discovery with the following highlights (see New Found's
June 29, 2021, news release):
**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.
|
- The high-grade discovery interval of 430.2g/t Au over
5.25m was intersected within a newly
discovered gold zone along the hanging wall of the Appleton
Fault.
- Based on the recent drilling, New Found's current
interpretation is that the Lotto Baseline Fault extends
approximately 1km from the Lotto area to the Golden Joint area (see
Figure 5). The vein systems in the Golden Joint appear to
occur near the confluence ("joint") of the Lotto Baseline and
Appleton Faults, but controls on the high-grade gold mineralization
at Golden Joint are currently unclear.
Results from the parallel Golden Joint Hanging Wall Zone have
also included several significant intervals with highlights
including:
**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.
|
Road
Highlight results from holes drilled into the Road target are
summarized below.
*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.
|
- The Road target is exposed at surface and is the furthest east
of the Appleton fault where
significant gold mineralization has been found to date but may be
related to extensions of the Lotto Zone 550m to the northwest.
- Drill hole NFGC-20-71 returned three mineralized vein zones
with results including 35.4g/t Au over 2.70m and 9.1g/t Au over 2.95m.
- The presence of quartz breccia veins in a separate NW trending
fault corridor are suggestive of a similar style of emplacement and
mineralogy to the nearby Keats and Lotto Zones.
Dome
Highlight results from Dome are summarized below.
*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.
|
- Further drilling is being planned at Dome to follow up on these
results, again targeting higher-grade epizonal style gold
mineralization.
Lotto and Sunday
- New Found recently reported results from the Lotto discovery
with the following highlights (see New Found's June 23, 2021, news release):
*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.
|
- The interval 683.1g/t Au over 2.45m within 150.3 g/t Au over 11.5m in NFGC-21-201 is the best result to date
from the main Lotto discovery and step-out drilling from this
interval is now underway (see Figure 6).
- The high-grade intervals reported to date occur in an
interpreted north-south striking vein set, one of a network of
multiple secondary north-south striking vein sets interpreted to
date over a 300m x 200m area which remains open in all
directions.
- The Company continues to test multiple additional targets at
Lotto outside of the initial vein target, including follow up
drilling on the Sunday Zone interval of 38.7g/t over 2.95m interpreted to be located in the hanging
wall of the main Appleton Fault.
Figure 6. Lotto Cross Section
*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.
|
Other Appleton Fault Zone Target Areas
Zone 36
- Surface trenching in 2020 along an area of high Au soil values
resulted in the discovery of Zone 36, approximately 700m north of Lotto on the west side of the
Appleton Fault (see Figure 7 below).
- Zone 36 is represented by two parallel northwest trending veins
and a third more prominent sub-parallel vein system showing areas
of brecciation and was exposed along surface for 140m along strike.
- The presence of vuggy quartz, antimony sulphosalts, and visible
gold is suggestive that it has a similar epizonal style of
mineralization to the Keats and Lotto Zones.
- Limited surface sampling of the Zone resulted in grab samples
up to 47.0 g/t Au and channel samples up to 18.9g/t Au over
1.0m.
- Initial drilling of this target is planned for 2021.
Figure 7. Exploration of Zone 36 showing broad quartz veined
zone
Knob and Grouse
The Knob area was the subject of significant historic drilling
by Noranda. Due to winter conditions to date the Company has been
unable to safely reach drill pad locations to target the focus of
the historic Noranda drilling. Drilling to date by New Found
has been peripheral to this target area and has tested for
extensions of the historically drilled mineralization, as well as
testing additional target zones. Highlight of drill results
to date include:
*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.
|
- The Knob and Grouse Zones are stratigraphically controlled to a
coarse greywacke/conglomerate unit and the Company successfully
extended the known extents of this unit along strike intersecting
visible gold mineralization in several holes including NFGC-21-159
which intercepted 8.78g/t Au over 2.0m, 200m south of
the Knob Zone within the coarse-grained unit.
- Further surface exploration is planned for the 2021 field
season to better refine the geology of this region with the goal of
generating new drill targets as significant potential exists.
Drillhole Details
Keats Main and Keats FW
*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.
|
Keats North
*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.
|
Cokes
*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.
|
Lotto
*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.
|
Dome
*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.
|
Road
*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.
|
Knob
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.
|
200,000m Drill Campaign
Update
A total of 267 holes totalling approximately 61,700m of drilling has been completed to date,
representing approximately 31% of the planned 200,000m program. Results for 150 holes
totalling approximately 34,200m have
been received and reported to date. Eight rigs are currently
turning, with a ninth on site and tenth to arrive by Q3 2021.
NYSE American Listing Update
New Found has been cleared to apply to list its common shares on
the NYSE American. The Company expects to commence trading on the
NYSE American in early Q3 2021 upon receipt of final approval
from the SEC and the NYSE American.
Sampling, Sub-sampling, and Laboratory
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.
In some areas infill veining in secondary structures with multiple
orientations crosscutting the primary host structures are commonly
observed in drill core which could result in additional variability
in true width. Assays are uncut, and calculated intervals are
reported over a minimum length of 2m
using a lower cut-off 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 complete 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. 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.
Qualified Person
The technical content disclosed in this press release was
reviewed and approved by Greg
Matheson, P. Geo., Chief Operating Officer, and a Qualified
Person as defined under National Instrument 43-101. Mr. Matheson
consents to the publication of this news release dated July 6, 2021, by New Found. Mr. Matheson
certifies that this news release fairly and accurately represents
the information for which he is responsible.
About New Found Gold Corp.
New Found holds a 100% interest in the Queensway Project,
located 15km west of Gander,
Newfoundland, and just 18km from Gander International Airport. The project is
intersected by the Trans-Canada Highway and has logging roads
crosscutting the project, high voltage electric power lines running
through the project area, and easy access to a highly skilled
workforce. The Company is currently undertaking a 200,000m drill program at Queensway. Eight
rigs are currently in operation at Queensway with the drill count
planned to increase to ten rigs by Q3 2021. With a current working
capital balance of approximately $80
million, New Found is well funded for this
program.
Please see the Company's website at www.newfoundgold.ca and
the Company's SEDAR profile at www.sedar.com.
Acknowledgements
New Found acknowledges the financial support of the Junior
Exploration Assistance Program, Department of Natural Resources,
Government of Newfoundland and
Labrador.
Contact
To contact the Company, please visit the Company's website,
www.newfoundgold.ca and make your request through our investor
inquiry form. Our management has a pledge to be in touch with any
investor inquiries within 24 hours.
New Found Gold Corp.
Per: "Craig Roberts"
Craig Roberts, P.Eng., Chief
Executive Officer
Email: croberts@newfoundgold.ca
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statement Cautions
This press release contains certain "forward-looking
statements" within the meaning of Canadian securities legislation
relating to further exploration and drilling on the
Company's Queensway gold project in Newfoundland; interpretation of results of the
drilling program and funding of the drilling program; future
discoveries of high-grade gold mineralization; the merits of the
Queensway project; and the listing of the Company's common shares
on the NYSE American and the timing related thereto.
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," "target," "suggestive,"
"probability," "appear," "pursuit," "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. 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. Factors that could cause
future results to differ materially from those anticipated in these
forward-looking statements include risks associated with possible
accidents and other risks associated with mineral exploration
operations, the risk that the Company will encounter unanticipated
geological factors, the possibility that the Company may not be
able to secure permitting and other governmental clearances
necessary to carry out the Company's exploration plans, the risk
that the Company will not be able to raise sufficient funds to
carry out its business plans, uncertainties related to the listing
on the NYSE American, and the risk of political uncertainties and
regulatory or legal changes that might interfere with the Company's
business and prospects. The reader is urged to refer to the
Company's Annual Information Form and Management's discussion and
Analysis, 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.
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SOURCE New Found Gold Corp.