EX-99.14 15 tm2127221d1_ex99-14.htm EXHIBIT 99.14

 

Exhibit 99.14

 

FORM 51-102F3

MATERIAL CHANGE REPORT

 

Item 1:Name and Address of Company

 

New Found Gold Corp. (the “Company”)

Suite 1430, 800 West Pender Street

Vancouver, British Columbia

Canada V6C 2V6

 

Item 2:Date of Material Change

 

September 15, 2021

 

Item 3:News Release

 

A news release was disseminated on September 15, 2021 through Canada Newswire and a copy was subsequently filed on SEDAR.

 

Item 4:Summary of Material Change

 

The company announced recently received assay results from twenty-nine holes drilled at the Keats Zone (“Keats”), located along the Appleton Fault Zone. These holes were completed as part of the Company’s ongoing 200,000m diamond drill program at its 100% owned Queensway Project (“Queensway”), located on the Trans-Canada Highway 15 km west of Gander, Newfoundland.

 

Item 5:Full Description of Material Change

 

Please see the news release attached as schedule “A” for a full description of the material change.

 

Item 6:Reliance on subsection 7.1(2) of National Instrument 51-102

 

Not applicable.

 

Item 7:Omitted Information

 

Not applicable.

 

Item 8:Executive Officer

 

For further information, please contact Craig Roberts, Chief Executive Officer and Director of the Company at 604-562-9664 or croberts@newfoundgold.ca.

 

Item 9:Date of Report

 

September 15, 2021

 

 

 

 

Schedule "A"  

 

New Found Intercepts More High-Grade Gold at Keats; Extends Zone 200m Vertically Towards Surface

 

Vancouver, BC, Sept 15, 2021: New Found Gold Corp. (“New Found” or the “Company”) (TSXV: NFG, OTC: NFGFF) is pleased to announce recently received assay results from twenty-nine holes drilled at the Keats Zone (“Keats”), located along the Appleton Fault Zone. These holes were completed as part of the Company’s ongoing 200,000m diamond drill program at its 100% owned Queensway Project (“Queensway”), located on the Trans-Canada Highway 15 km west of Gander, Newfoundland.

 

Highlights

 

Highlight intervals are summarized below. Additional results are provided in Table 2.

 

Hole No.  From
(m)
   To (m)   Interval
(m)*
   Au (g/t)   Zone
NFGC-21-145   39.00    41.50    2.50    21.29   Keats Main
NFGC-21-170   101.55    106.40    4.85    31.80   Keats Main
NFGC-21-184   140.25    143.25    3.00    36.52   Keats Main
NFGC-21-250   170.75    177.80    7.05    32.65   Keats Main
NFGC-21-251   227.00    229.00    2.00    137.49   Keats Main
NFGC-21-257   229.50    232.55    3.05    24.12   Keats Main
NFGC-21-310   279.25    281.45    2.20    104.59   Keats Main

 

* Note that the true width of the mineralization is uncertain, but host structures are interpreted to be steeply dipping implying true widths in the range of 85% to 95% of reported intercepts. Intervals are calculated at a 1 g/t Au cut-off grade and minimum width of 2m; grades have not been capped in the averaging.

 

The interval of 104.59 g/t Au over 2.20m in NFGC-21-310 is the furthest south drill interval reported to date along the south-westerly plunging core dilatational zone extending drill definition of this zone (see Figures 1 and 2).

 

Recent intercept highlights of 31.80 g/t Au over 4.85m in NFGC-21-170 and 36.52 g/t Au over 3.00m in NFGC-21-184 up dip of the core dilatational zone within the Keats fault demonstrate strong vertical continuity of the Keats Main Zone to surface.

 

The Keats high-grade zone vertical profile now exceeds 200m up dip of the core dilatational zone and is open to surface and along strike to the northeast and southwest.

 

Drill hole NFGC-21-257 intersected a new zone of high-grade gold mineralization in the hanging wall of the Keats fault near surface; the interval graded 9.18g/t Au over 2.70m.

 

Future exploration at Keats will continue to expand the Keats Main zone along strike and down plunge but also focus on targeting specific zones in both the hanging wall and foot wall of the Keats fault.

 

NEWFOUND GOLD CORP.
Suite 1430, 800 West Pender Street, Vancouver, BC, V6C 2V6PAGE 1

 

 

 

 

Denis Laviolette, President of New Found, stated: "The high-grade zones along the Appleton Fault continue to see significant expansion. Today’s announcement demonstrates further continuity of high-grade gold mineralization at Keats including between the core dilatational zone and surface; a vertical distance of 200m. Last week we announced that we doubled the drilled depth of the high-grade Lotto vein system with strong vertical continuity, and we are now seeing similar vertical continuity at Keats above the plunging dilation zone. We are pleased to see high-grade zones that start at surface and extend for these distances along strike and to depth, remaining open in all directions for further expansion. The addition of a new hanging wall zone at Keats near surface adds to the growing list of discoveries made this past year along the Appleton Fault. These discoveries continue to support our belief in the high potential for additional discoveries along approximately 7.8km of strike on the Appleton Fault, within a prospective corridor of approximately 500m on each side of the Appleton Fault.”

 

NEWFOUND GOLD CORP.
Suite 1430, 800 West Pender Street, Vancouver, BC, V6C 2V6PAGE 2

 

 

 

 

 

 

Figure 1. Keats Plan View

 

NEWFOUND GOLD CORP.
Suite 1430, 800 West Pender Street, Vancouver, BC, V6C 2V6PAGE 3

 

 

 

 

 

 

Figure 2. Keats Long Section

 

NEWFOUND GOLD CORP.
Suite 1430, 800 West Pender Street, Vancouver, BC, V6C 2V6PAGE 4

 

 

 

 

 

 

Figure 3. 3D Keats Composite Cross-Section (A to A’ looking north, 150m clipping)

 

Drill-hole Details

 

Hole No.  From
(m)
   To (m)   Interval
(m)*
   Au (g/t)   Zone
NFGC-21-92   176.00    178.00    2.00    1.92   Keats South
NFGC-21-120**   9.65    21.70    12.05    12.65    
Including   9.65    13.25    3.60    35.76    
And**   22.90    25.00    2.10    1.33   Keats Main
And**   28.20    33.00    4.80    1.98    
And**   36.00    38.00    2.00    2.66    
And**   40.30    46.00    5.70    5.16    
And   95.00    98.00    3.00    1.69   Keats FW
NFGC-21-140   95.50    103.45    7.95    3.59   Keats Main
Including   100.15    102.45    2.30    9.69    
And   164.25    166.60    2.35    1.01   Keats FW
NFGC-21-145   39.00    41.50    2.50    21.29   Keats Main
And   81.00    83.35    2.35    13.04   Keats FW
NFGC-21-148A   233.50    256.35    22.85    1.15   Keats Main
NFGC-21-149   48.05    53.60    5.55    2.46    
And   62.55    67.35    4.80    9.22   Keats Main
And   72.80    77.45    4.65    1.82    
NFGC-21-163   73.80    85.40    11.60    4.92   Keats Main

 

NEWFOUND GOLD CORP.
Suite 1430, 800 West Pender Street, Vancouver, BC, V6C 2V6PAGE 5

 

 

 

 

Hole No.  From
(m)
   To (m)   Interval
(m)*
   Au (g/t)   Zone
Including   77.65    80.65    3.00    13.30    
And   154.00    156.75    2.75    1.40   Keats FW
NFGC-21-164   247.80    250.00    2.20    1.37    
And   261.00    263.00    2.00    1.23   Keats Main
And   267.45    270.00    2.55    1.65    
And   272.30    277.20    4.90    1.77    
NFGC-21-170   70.00    72.70    2.70    1.96    
And   90.70    93.00    2.30    1.02   Keats Main
And   101.55    106.40    4.85    31.80    
NFGC-21-173   115.60    117.80    2.20    1.39   Keats Main
And   126.90    128.95    2.05    4.09    
NFGC-21-174   273.60    277.05    3.45    1.79   Keats Main
And   300.00    306.00    6.00    1.57    
And   340.90    343.00    2.10    1.85   Keats FW
NFGC-21-184   140.25    143.25    3.00    36.52   Keats Main
And   151.30    154.00    2.70    1.02    
NFGC-21-188A        NSV        Keats Main
NFGC-21-194        NSV        Keats North
NFGC-21-198   141.85    144.30    2.45    1.03   Keats Main
And   154.50    156.55    2.05    4.23    
NFGC-21-200        NSV        Keats Main
NFGC-21-203   157.35    162.15    4.80    2.71    
Including   157.35    159.90    2.55    4.14   Keats Main
And   173.50    176.00    2.50    1.08    
And   242.60    245.65    3.05    1.12   Keats FW
NFGC-21-212   71.60    74.75    3.15    2.64   Keats Main
And   90.00    92.65    2.65    1.77    
NFGC-21-222   242.00    245.70    3.70    1.20    
And   260.00    262.85    2.85    1.33   Keats Main
And   290.95    293.20    2.25    1.19    
And   334.95    337.00    2.05    1.51    
NFGC-21-223   21.00    23.65    2.65    1.05   Keats Main
And   88.40    90.60    2.20    1.23   Keats FW
NFGC-21-227   42.30    44.30    2.00    1.71   Keats Main
NFGC-21-229        NSV        Keats Main
NFGC-21-236   48.75    51.05    2.30    2.28   Keats Main
And   61.65    64.00    2.35    1.91    
NFGC-21-247   43.55    45.90    2.35    1.01   Keats Main

 

NEWFOUND GOLD CORP.
Suite 1430, 800 West Pender Street, Vancouver, BC, V6C 2V6PAGE 6

 

 

 

 

Hole No.  From
(m)
   To (m)   Interval
(m)*
   Au (g/t)   Zone
And   51.35    62.00    10.65    3.37    
Including   52.85    55.05    2.20    10.10    
And   64.40    66.50    2.10    1.46    
And   77.00    79.60    2.60    1.31    
And   83.55    85.55    2.00    1.30    
And   90.65    93.00    2.35    1.05   Keats FW
And   160.00    162.05    2.05    2.02    
NFGC-21-250   170.75    177.80    7.05    32.65    
Including   171.60    175.90    4.30    52.36   Keats Main
And   183.05    188.80    5.75    2.01    
NFGC-21-251   227.00    229.00    2.00    137.49   Keats Main
NFGC-21-257   62.30    65.00    2.70    9.18   Keats HW
And   229.50    236.00    6.50    16.04   Keats Main
Including   229.50    232.55    3.05    24.12    
NFGC-21-283   235.40    237.55    2.15    1.05    
And   239.30    246.85    7.55    1.21    
And   253.40    255.45    2.05    1.08   Keats Main
And   268.55    270.95    2.40    1.10    
And   272.35    274.55    2.20    6.96    
NFGC-21-310   279.25    281.45    2.20    104.59   Keats Main

 

Table 2: Summary of results reported in this release

 

* Note that the true width of the mineralization is uncertain, but host structures are interpreted to be steeply dipping implying true widths in the range of 85% to 95% of reported intercepts. Intervals are calculated at a 1 g/t Au cut-off grade and minimum width of 2m, grades have not been capped in the averaging. ** Results released on July 5, 2021, from NFGC-21-120 updated with additional secondary zone results.

 

Hole No.  Azimuth
(°)
   Dip (°)   Length
(m)
   UTM E   UTM N 
NFGC-21-92   300    -45    346    657836    5427049 
NFGC-21-120   300    -45    109    658228    5427529 
NFGC-21-140   300    -45    182    658159    5427410 
NFGC-21-145   300    -45    209    658117    5427435 
NFGC-21-148A   300    -45    333    658182    5427224 
NFGC-21-149   300    -45    141    658158    5427455 
NFGC-21-163   300    -45    233    658092    5427392 
NFGC-21-164   300    -45    288    658204    5427216 
NFGC-21-170   300    -45    171    658114    5427379 
NFGC-21-173   300    -45    188    658135    5427367 
NFGC-21-174   300    -45    366    658205    5427215 

 

NEWFOUND GOLD CORP.
Suite 1430, 800 West Pender Street, Vancouver, BC, V6C 2V6PAGE 7

 

 

 

 

Hole No.  Azimuth
(°)
   Dip (°)   Length
(m)
   UTM E   UTM N 
NFGC-21-184   300    -45    196    658157    5427354 
NFGC-21-188A   300    -45    269    658292    5427337 
NFGC-21-194   300    -45    365    658587    5427560 
NFGC-21-198   300    -45    227    658164    5427343 
NFGC-21-200   297    -55    395    658170    5427203 
NFGC-21-203   300    -45    314    658144    5427333 
NFGC-21-212   298.5    -45.5    194    658126    5427401 
NFGC-21-222   297    -55    350    658133    5427195 
NFGC-21-223   299    -45.5    112    658241    5427551 
NFGC-21-227   299    -45.5    146    658253    5427545 
NFGC-21-229   297    -55.5    356    658130    5427165 
NFGC-21-236   299    -45.5    251    658130    5427457 
NFGC-21-247   299    -45.5    182    658147    5427476 
NFGC-21-250   298    -46    205    658207    5427368 
NFGC-21-251   118    -75    334    657951    5427310 
NFGC-21-257   118    -78    346    657951    5427310 
NFGC-21-283   300    -45    392    658148    5427216 
NFGC-21-310   300    -45    386    658112    5427179 

 

Table 3: Details of drill holes reported in this release

 

NEWFOUND GOLD CORP.
Suite 1430, 800 West Pender Street, Vancouver, BC, V6C 2V6PAGE 8

 

 

 

 

Photos of Drill Core

 

 

 

Figure 4. Photos of mineralization from NFGC-21-310, approximately 279m down hole depth

Note that these photos are not intended to be representative of gold mineralization in hole NFGC-21-310.

 

Queensway 200,000m Drill Program Update

 

Approximately 44 percent of the 200,000 meters have been drilled to date with approximately 20,000 meters of core pending assay results. Nine core rigs are currently operating, with a tenth scheduled to start in Q3 2021.

 

Sampling, Sub-sampling and Laboratory

 

True widths of the intercepts reported in this press release have yet to be determined but are estimated to be 85% to 95% of reported core lengths. 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 2 meters 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.

 

NEWFOUND GOLD CORP.
Suite 1430, 800 West Pender Street, Vancouver, BC, V6C 2V6PAGE 9

 

 

 

 

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 Sept 15, 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 15 km west of Gander, Newfoundland, and just 18 km 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. Nine rigs are currently in operation at Queensway with the drill count planned to increase to ten rigs in Q3 2021. With a current working capital balance of approximately $111 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

Phone: (604) 562 9664

 

NEWFOUND GOLD CORP.
Suite 1430, 800 West Pender Street, Vancouver, BC, V6C 2V6PAGE 10

 

 

 

 

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. 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," "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, 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.

 

NEWFOUND GOLD CORP.
Suite 1430, 800 West Pender Street, Vancouver, BC, V6C 2V6PAGE 11