New Found Gold Corp 6-K, filed Jun 7, 2024

New Found Gold Corp. (NFGC)

6-K 2024-06-07 For: 2024-06-04

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Added on April 11, 2026

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New Found Gold Corp filed this 6-K on June 7, 2024.

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Exhibit		Description

99.1		News Release dated June 4, 2024 – NEW FOUND FILES QUEENSWAY GOLD PROJECT NI 43-101 TECHNICAL REPORT
99.2		NI 43-101 Technical Report
99.3		Consent of Qualified Person – D. Roy Eccles
99.4		Consent of Qualified Person – Mark K. Jorgensen
99.5		Consent of Qualified Person – Gary Simmons

		NEW FOUND GOLD CORP.
		(Registrant)



Date:	June 6, 2024	By:	/s/ Collin Kettell
			Collin Kettell
			Chief Executive Officer

1	Summary				1
	1.1	Issuer and Purpose			1
	1.2	Authors and Site Inspection			1
	1.3	Property Location, Description and Access			1
	1.4	Property Ownership and Option Agreement			2
	1.5	Royalties			2
	1.6	Permits, Environmental Assessment, and Significant Factors			3
	1.7	Geology and Mineralization			3
	1.8	Historical Exploration			4
	1.9	New Found Gold Corp. Ground Exploration			4
	1.10	New Found Gold Corp. Drilling Update			6
	1.11	Metallurgical Test Results			7
	1.12	Conclusions and Uncertainties			7
	1.13	Recommendations			10
2	Introduction				12
	2.1	Issuer and Purpose			12
	2.2	Author and Site Inspection			12
	2.3	Sources of Information			14
	2.4	Units of Measure			15
3	Reliance of Other Experts				17
4	Property Description and Location				18
	4.1	Description and Location			18
	4.2	Property Ownership Summary			26
	4.3	Mineral Tenure Information and Maintenance			27
	4.4	Access and Surface Rights			28
	4.5	Option Agreement			29
	4.6	Royalties			30
	4.7	Permits			31
	4.8	Environmental Assessment and Significant Factors			32
5	Accessibility, Climate, Local Resources, Infrastructure and Physiography				35
	5.1	Accessibility			35
	5.2	Site Topography, Elevation and Vegetation			35
	5.3	Climate			38
	5.4	Local Resources and Infrastructure			38
		5.4.1	Power Supply		39
		5.4.2	Water Supply		40
6	History				41
	6.1	Introduction			41
	6.2	Historical Exploration by Companies Other Than New Found Gold Corp.			42
		6.2.1	Prospecting, Geological Mapping, and Geochemical Surveying		46
		6.2.2	Geophysical Surveys		51
			6.2.2.1	Airborne Geophysics	51
			6.2.2.2	Ground Geophysics	51
		6.2.3	Trenching		54
		6.2.4	Drilling		54
		6.2.5	Conclusions and Quality of Historical Data		55
	6.3	Historical Mineral Resource and Mineral Reserve Estimates at the Queensway Property			59
7	Geological Setting and Mineralization				60
	7.1	Regional Geology			60
	7.2	Property Geology			69
		7.2.1	Geology		69
			7.2.1.1	Appleton Fault: Footwall Domain	69
			7.2.1.1	Appleton Fault: Hangingwall Domain	70
		7.2.2	Preliminary Stratigraphic Framework and Lithological Descriptions		70

		7.2.3	Mineralization - Overview	70
		7.2.4	Alteration	76
		7.2.5	Structure	76
	7.3	Mineralized Zones		78
	7.4	Definition of the Appleton Fault Zone Mineralized Envelope		83
8	Deposit Types			86
	8.1	Orogenic Gold Deposits		86
	8.2	Deposit Type Exploration Strategies		86
9	Exploration			89
	9.1	Historical Overview of New Found Gold Exploration Programs		89
	9.2	Prospecting and Geochemical Rock Samples		91
	9.3	Geochemistry - Till Samples		98
	9.4	Geochemistry - Soil Samples		103
	9.5	Trenching and Channel Sampling		107
	9.6	Keats Gold Prospect Trench Excavation		113
	9.7	QP Opinion on Representativity and Potential Bias of Exploration Samples		113
	9.8	Geophysical Surveys		114
	9.9	Seismic Survey		118
	9.10	Satellite Imagery and Digital Elevation Models		122
10	Drilling			124
	10.1	Drilling Procedures and Core Sampling		128
	10.2	Queensway North Block Prospects		137
		10.2.1	798 Gold Prospect	140
		10.2.2	1744 Gold Prospect	140
		10.2.3	Big Dave Gold Prospect	143
		10.2.4	Cokes Gold Prospect	143
		10.2.5	Dome Gold Prospect	147
		10.2.6	Everest Gold Prospect	151
		10.2.7	Gander Outflow Gold Prospect	153
		10.2.8	Glass Gold Prospect	153
		10.2.9	Golden Bullet Gold Prospect	155
		10.2.10	Golden Joint and Golden Joint Hanging Wall Gold Prospects	155
		10.2.11	H Pond Gold Prospect	160
		10.2.12	Honeypot Gold Prospect	160
		10.2.13	Iceberg and Iceberg East Gold Prospects	164
		10.2.14	Iceberg Alley Gold Prospect	170
		10.2.15	Jackpot Gold Prospect	173
		10.2.16	K2 Gold Prospect	176
		10.2.17	Keats Gold Prospect	181
		10.2.18	Keats North Gold Prospect	192
		10.2.19	Keats South Gold Prospect	194
		10.2.20	Keats West Gold Prospect	196
		10.2.21	Knob, Rocket, and Grouse Gold Prospects	202
		10.2.22	Little Zone Gold Prospect	205
		10.2.23	Lotto Gold Prospect	206
		10.2.24	Lotto North Gold Prospect	210
		10.2.25	Monte Carlo Gold Prospect	211
		10.2.26	Pocket Pond Gold Prospect	215
		10.2.27	Powerline Gold Prospect	218
		10.2.28	Road Gold Prospect	219
		10.2.29	Trans-Canada Highway (TCH) - Trans-Canada West (TCW) Gold Prospect	220
		10.2.30	Whiskey Pocket Gold Prospect	222
	10.3	Queensway South Block Prospects		222
		10.3.1	Aztec Gold Prospect	222
		10.3.2	Devils Pond South and Camp (Bernard’s Pond) Gold Prospects	223
		10.3.3	Devil’s Trench Gold Prospect	226

		10.3.4	Eastern Pond Gold Prospect		226
		10.3.5	Goose Gold Prospect		227
		10.3.6	Greenwood Pond #2 (Greenwood) Gold Prospect		227
		10.3.7	Nebula Gold Prospect		227
		10.3.8	Pauls Pond, Astronaut, and Nova Gold Prospects		228
	10.4	VOA Option Prospects			232
		10.4.1	69 Zone Gold Prospect		232
		10.4.2	Bigger Vein 2		234
		10.4.3	Hank 1 and Hank 2 Gold Prospects		234
		10.4.4	Home Pond Gold Prospect		235
		10.4.5	Karate Chop South Gold Prospect		235
	10.5	Twin Ponds Block			235
11	Sample Preparation, Analyses and Security				239
	11.1	Sample Collection			239
		11.1.1	Till Samples		239
		11.1.2	Soil Samples		239
		11.1.3	Rock Samples		240
		11.1.4	Drill Core		240
	11.2	Sample Security			240
	11.3	Sample Preparation and Analysis			241
		11.3.1	Introduction		241
		11.3.2	Laboratory Accreditation		242
		11.3.3	Laboratory Sample Preparation		242
		11.3.4	Laboratory Analytical Methodologies		244
			11.3.4.1	Eastern Analytical: Fire Assay Analysis	244
			11.3.4.1	ALS Canada Ltd.: Photon Assay	244
			11.3.4.2	ALS Canada Ltd.: Fire Assay and Multi-Element Analysis	245
			11.3.4.3	ALS Canada Ltd.: Specific Gravity Measurements	246
			11.3.4.4	MSALABS: PhotonAssay^TM Analysis	246
			11.3.4.5	PhotonAssay^TM Versus Conventional Screen Fire Assay Comparisons	248
			11.3.4.6	Activation Laboratories Ltd.: Multi-Element Analysis	250
			11.3.4.7	SGS Canada Inc.: Gold Analysis	250
			11.3.4.8	Overburden Drilling Management: Till Gold Grain Counts	250
			11.3.4.9	General Comments on Screen Fire Assays	251
	11.4	Quality Assurance and Quality Control			251
		11.4.1	Certified Reference Materials		252
			11.4.1.1	Certified Reference Materials: Fire Assay and Photon Assay at ALS	252
			11.4.1.2	Certified Reference Materials: Fire Assay at Eastern Analytical	254
			11.4.1.3	Certified Reference Materials: PhotonAssay^TM at MSALABS	255
		11.4.2	Sample Blanks (Eastern Analytical, ALS, and MSALABS)		255
		11.4.3	Core Duplicates		256
		11.4.4	Precision of Laboratory Duplicates: By Fire Assay		259
		11.4.5	Precision of Laboratory Duplicates: By PhotonAssay^TM		261
		11.4.6	Check Assays		263
		11.4.7	Percentage of Coarse Gold		267
		11.4.8	Adequacy of the Sample Collection, Preparation, Security, Analytical Procedures		267
12	Data Verification				269
	12.1	Data Verification Procedures			269
	12.2	Historical Exploration Information			269
	12.3	New Found Gold Corp.’s Ground Geochemical, Drillhole, and Drill Assay Databases			270
	12.4	Qualified Person Site Inspection			270
	12.5	Data Limitations			272
	12.6	Adequacy of the Data			274
13	Mineral Processing and Metallurgical Testing				276
	13.1	Historical Metallurgical Work			276
	13.2	Sample Selection and Preparation			276

		13.2.1	Sample Preparation		282
	13.3	Metallurgical Testing			283
		13.3.1	Sample Characterization		283
		13.3.2	Master Composite Testing		284
			13.3.2.1	Comminution Testing	284
			13.3.2.2	Gravity Recoverable Gold	285
			13.3.2.3	Gravity Tail Leach Evaluation	285
			13.3.2.4	Gravity Concentrate Intensive Cyanide Leaching	286
			13.3.2.5	Cyanide Detoxification Testing	286
		13.3.3	Variability Composite Testing		286
			13.3.3.1	Arsenic Content vs Gold Tails Grade	286
		13.3.4	Alternative Process Selection		288
		13.3.5	Process Selection		289
		13.3.6	Risk Analysis		289
		13.3.7	Future Metallurgical Testing		290
14	Mineral Resource Estimates				292
23	Adjacent Properties				293
24	Other Relevant Data and Information				297
25	Interpretation and Conclusions				298
	25.1	Exploration Results and Interpretations			298
	25.2	Qualified Person Opinion on NFG’s 2021-2023 Exploration Programs			301
	25.3	Metallurgical Test Results			302
	25.4	Risks and Uncertainties			302
26	Recommendations				304
27	References				307
28	Certificate of Author				315

Table 1.1 Future work recommendations.		11
Table 4.1 Queensway Project mineral licence description and status.		21
Table 4.2 Minimum expenditures for mineral claims in Newfoundland and Labrador.		28
Table 4.3 Renewal fees for mineral claims in Newfoundland and Labrador.		28
Table 4.4 Environmental permits, licences, and approvals.		33
Table 6.1 Summary of select historical exploration work conducted by companies other than NFG..		45
Table 6.2 Summary of historical drilling at Queensway.		55
Table 9.1 Sampling summary from NFG’s exploration at the Queensway Property.		92
Table 10.1 Summary of drillholes from NFG’s diamond drilling program.		126
Table 10.2 Summary of drill core sample gold assays.		127
Table 10.3 Description of NFG drillholes at the Queensway Gold Project.		130
Table 10.4 Select drillhole assay intercepts for the 1744 prospect..		140
Table 10.5 Select drillhole assay intercepts for the Big Dave prospect..		143
Table 10.6 Select drillhole assay intercepts for the Cokes prospect..		146
Table 10.7 Select drillhole assay intercepts for the Dome prospect..		147
Table 10.8 Select drillhole assay intercepts for the Everest prospect.		151
Table 10.9 Select drillhole assay intercepts for the Glass prospect..		153
Table 10.10 Select drillhole assay intercepts for the Golden Joint prospect..		159
Table 10.11 Select drillhole assay intercepts for the Honeypot prospect..		161
Table 10.12 Select drillhole assay intercepts for the Iceberg prospect..		167
Table 10.13 Select drillhole assay intercepts for the Iceberg East prospect..		169
Table 10.14 Select drillhole assay intercepts for the Iceberg Alley prospect..		173
Table 10.15 Select drillhole assay intercepts for the Jackpot prospect..		174
Table 10.16 Select drillhole assay intercepts for the K2 prospect.”.		182
Table 10.17 Select drillhole assay intercepts for the Keats Main Zone..		190
Table 10.18 Select drillhole assay intercepts for the Keats FW..		191

Table 10.19 Select drillhole assay intercepts for the Keats HW..		192
Table 10.20 Select drillhole assay intercepts for the Keats North prospect.		193
Table 10.21 Select drillhole assay intercepts for the Keats South prospect..		195
Table 10.22 Select drillhole assay intercepts for the 421 Zone at Keats South prospect..		196
Table 10.23 Select drillhole assay intercepts for the Keats West prospect.		201
Table 10.24 Select drillhole assay intercepts for the Knob prospect..		203
Table 10.25 Select drillhole assay intercepts for the Rocket prospect..		204
Table 10.26 Select drillhole assay intercepts for the Grouse prospect..		205
Table 10.27 Select drillhole assay intercepts for the Little Zone prospect..		206
Table 10.28 Select drillhole assay intercepts for the Lotto FW..		207
Table 10.29 Select drillhole assay intercepts for the Lotto Main Zone..		208
Table 10.30 Select drillhole assay intercepts for the Sunday Zone..		208
Table 10.31 Select drillhole assay intercepts for the Lotto North prospect.		211
Table 10.32 Select drillhole assay intercepts for the Monte Carlo prospect.		212
Table 10.33 Select drillhole assay intercepts for the Pocket Pond prospect..		218
Table 10.34 Select drillhole assay intercepts for the Powerline prospect.		219
Table 10.35 Select drillhole assay intercepts for the Road prospect..		220
Table 10.36 Select drillhole assay intercepts for the Trans-Canada Highway prospect..		221
Table 10.37 Select drillhole assay intercepts for the Trans-Canada West prospect..		221
Table 10.38 Select drillhole assay intercepts for the Devils Pond South and Camp prospects.		223
Table 10.39 Select drillhole assay intercepts for the Astronaut prospect..		231
Table 10.40 Select drillhole assay intercepts for the Nova prospect..		232
Table 11.1 Analytical methods used by Eastern Analytical.		244
Table 11.2 Photon Assay methods used by ALS.		245
Table 11.2 Analytical methods used by ALS.		246
Table 11.3 MSALABS analytical methods used at the NFG Queensway Project.		247
Table 11.4 Overview of OREAS Certified Reference Materials		252
Table 11.5 Summary statistics on CRMs assayed at ALS using the fire assay technique.		253
Table 11.6 Summary statistics on CRMs assayed at ALS using the PhotonAssay™ technique.		254
Table 11.7 Summary statistics on CRMs assayed at Eastern Analytical.		254
Table 11.8 Summary statistics on CRMs assayed at MSALAB using the PhotoAssay^TM, technique.		255
Table 12.1 Qualified Person validation of 6 drillhole collar locations.		271
Table 12.2 Summary of Qualified Person-collected core samples to validate gold mineralization.		274
Table 13.1 Mineralized Zone and Number of Variability Composites.		276
Table 13.2 Master and Variability Composite Summary.		283
Table 13.3 Master Composite Comminution Test Summary		284
Table 13.4 Master Composite CIL and Direct Leach Extractions		285
Table 13.5 Summary of Variability Composite Gravity/CIL Extractions.		286
Table 13.6 Arsenic Content (As) vs Gold (Au) Tails Grade Relationship		287
Table 13.7 Carbon and/or Sulfide Flotation/CIL Tailings Study Results		288
Table 13.8 Risks associated with gold extraction and mineral processing.		290
Table 26.1 Future work recommendations.		306

Figure 2.1 General location of New Found Gold Corp.’s Queensway Gold Project		13
Figure 4.1 Queensway Project and six NFG-defined sub-property ‘blocks’		20
Figure 4.2 Queensway North and northern property mineral licences.		24
Figure 4.3 Queensway South mineral licences.		25
Figure 5.1 Access to the Queensway Property.		36
Figure 5.2 Shaded relief image for the Queensway Project area.		37
Figure 5.3 Climate data for Gander International Airport..		39
Figure 6.1 Mineral prospects in the Queensway Property area.		43
Figure 6.2 Location of historical exploration programs conducted by companies other than NFG..		44
Figure 6.3 Historical till gold assay analytical results.		48
Figure 6.4 Historical soil gold assay analytical results..		49

Figure 6.5 Historical stream and lake sediment gold assay analytical results..		52
Figure 6.6 Historical rock gold assay analytical results..		53
Figure 6.7 Historical trench channel sample gold assay analytical results..		56
Figure 6.8 Historical drillhole gold assay analytical results.		57
Figure 7.1 Regional distribution of the main lithotectonic elements.		61
Figure 7.2 Correlation of major suture zones across the Atlantic.		61
Figure 7.3 Newfoundland’s Bedrock geology and major tectonic zones.		62
Figure 7.4 Middle Cambrian to early Ordovician tectonic development of the Exploits Subzone.		64
Figure 7.5 Early to middle Ordovician to early Silurian tectonic model for the Exploits Subzone..		65
Figure 7.6 Early to middle Ordovician to early Silurian tectonic model for the Exploits Subzone.		67
Figure 7.7 Bedrock geology of the Queensway Area		68
Figure 7.8 Stratigraphic column describing the rocks underlying the Queensway Property		71
Figure 7.9 Integrated geological map of lithology, shear zones and gold showings, Queensway North..		72
Figure 7.10 Interpretation of structure and lithology on a Queensway North block cross-section		73
Figure 7.11 Typical gold-bearing quartz vein styles observed at Queensway.		74
Figure 7.12 Images of core from mineralized intervals in drillhole NFGC-19-01.		74
Figure 7.13 Plan map of the area between the Grouse and Everest prospects		75
Figure 7.14 Schematic illustration of mineralogical changes in white micas.		77
Figure 7.15 Stereographic plot with D1 structural measurements taken from Queensway North.		77
Figure 7.16 Stereographic plot with late D1 structural measurements taken from Queensway North.		77
Figure 7.17 Stereographic plot illustrating the orientation of D2 structures.		77
Figure 7.18 Gold prospects and zones within the Queensway Property.		80
Figure 7.19 Gold prospects and zones within the Queensway North Block.		81
Figure 7.20 Gold prospects and zones within the Queensway South Block.		82
Figure 7.21 Gold mineralization and prospects along the Appleton Fault Zone Mineralized Envelope		84
Figure 7.22 Cross section across the Keats West, Keats North, and Iceberg prospects.		85
Figure 8.1 Schematic for orogenic gold deposits at various depths.		87
Figure 8.2 Comparison of core samples from Queensway with Eagle Zone, Fosterville Mine, Australia		87
Figure 9.1 Locations of rock samples collected from NFG’s prospecting programs.		93
Figure 9.2 Locations of surface rock samples with greater than 0.5 ppm Au.		94
Figure 9.3 Location of glacial till samples at the Queensway Property.		100
Figure 9.4 Locations of till samples with 10 or more pristine gold grains.		101
Figure 9.5 Till samples at the Queensway Property with gold grades above 1 ppm.		102
Figure 9.6 Locations of soil samples, colour coded by sampling year.		105
Figure 9.7 Overview of soil sampling gold analytical results in the Devils Pond South, Camp, Greenwood, Aztec, Goose, Astronaut/Nova, and Nebula prospects area.		106
Figure 9.8 2023 Soil sample gold assay results at the Queensway Property.		108
Figure 9.9 Location of trenches at the Queensway Property.		109
Figure 9.10 Trench channel sample gold assay results.		112
Figure 9.11 Keats trench plan view map with location of strong visible gold mineralization..		114
Figure 9.12 First derivative of chargeability from 2021 geophysical survey.		117
Figure 9.13 Lithological and structural geophysical interpretation for the Queensway Property		119
Figure 9.14 3D seismic survey lines across the Appleton and Joe Batt’s Pond fault zones		120
Figure 9.15 Preliminary 3D cube cross-section interpretation		121
Figure 9.16 LiDAR Bare Earth image over the Queensway Property.		123
Figure 10.1 Drill collar locations from NFG’s drilling programs.		125
Figure 10.2 Histograms of drillhole orientations and end of hole depths.		129
Figure 10.3 Gold vein surface intersections along the Appleton and Joe Batt’s Pond fault zones		138
Figure 10.4 Drillhole collar locations along the Joe Batt’s Pond Fault Zone		139
Figure 10.5 Plan view of 1744 prospect		141
Figure 10.6 Longitudinal section through the 1744 and Glass prospects		142
Figure 10.7 Drill collar locations at the Big Dave and Lonely Mountain prospects.		144
Figure 10.8 Drill collar locations at the Cokes, Keats, Keats North, Keats South, and Keats West prospects		145
Figure 10.9 Drill collar locations at the Dome, Golden Joint, K2, K2 West, Little Zone, Lotto, Lotto North, Monte Carlo, Road, and Powerline prospects.		148

Figure 10.10 Plan view of the Road, Dome, Golden Joint, Lotto, Lotto North, and Zone 36 prospects.		149
Figure 10.11 Longitudinal section through the Golden Joint, Dome, Lotto, and Lotto North prospects.		150
Figure 10.12 Drill collar locations at the Everest, Honeypot, and Jackpot prospects		152
Figure 10.13 Drill collar locations at the Gander Outflow, Knob, Kings Point, Golden Bullet, Rocket, TCH and TCW prospects.		154
Figure 10.14 Plan view of the Keats, TCH, Rocket, Golden Bullet, and Knob prospects		156
Figure 10.15 Cross-section through the Golden Joint and Golden Joint Hangingwall prospects		157
Figure 10.16 Longitudinal section through the Honeypot prospect.		162
Figure 10.17 Plan view of the K2, Honeypot and Jackpot prospects		163
Figure 10.18 Drill collar locations at the Iceberg, Iceberg East, and Iceberg Alley prospects.		165
Figure 10.19 Photos of mineralization from drillhole NFGC-23-1210.		166
Figure 10.20 Plan view of the Iceberg and Iceberg East prospects		171
Figure 10.21 Longitudinal section through the Iceberg, Iceberg East and Iceberg Alley prospects		172
Figure 10.22 Longitudinal section through the Jackpot prospect		175
Figure 10.23 Plan view of the K2 prospect		177
Figure 10.24 Longitudinal section through the K2 prospect		178
Figure 10.25 Modelled cross-section through the K2 prospect.		179
Figure 10.26 Inclined 3D gold mineralization model for the K2 prospect with main veins.		180
Figure 10.27 Plan view of the Keats prospect		183
Figure 10.28 Three-dimensional plan view map of the Keats prospect.		184
Figure 10.29 Core photographs from NFGC-19-01		185
Figure 10.30 Longitudinal section through the TCH, Keats South, and Keats prospects		186
Figure 10.31 Keats cross-sections.		187
Figure 10.32 Plan view of the Keats West, and Cokes prospects u		197
Figure 10.33 Cross-section through the Keats West prospect		198
Figure 10.34 Inclined 3D gold mineralization model for the Keats West prospect with main veins.		199
Figure 10.35 Cross-section through the Lotto prospect.		209
Figure 10.36 Plan view of the Monte Carlo and Powerline prospects		213
Figure 10.37 Longitudinal section through the Monte Carlo prospect		214
Figure 10.38 Plan view of Pocket Pond Zone		216
Figure 10.39 Longitudinal section through the Pocket Pond prospect		217
Figure 10.40 Drill collar locations at the Mars, Potato Patch, Devils Pond, Nebula, Astronaut/Nova, Greenwood, and Eastern Pond prospects.		224
Figure 10.41 Plan view of the Devils Pond South and Camp Zone prospects		225
Figure 10.42 Plan view of the Goose, Nova, Astronaut, and Nebula prospects		229
Figure 10.43 Select photographs of drill core from the Astronaut and Nova prospects.		230
Figure 10.44 Plan view of the VOA Option gold prospects		233
Figure 10.45 Drill collar locations at the Twin Ponds Block		236
Figure 10.46 Core photo of Twin Ponds drillhole NFGC-TP-22-01		237
Figure 11.1 Comparison of MSALABS PhotonAssay^TM vs ALS FA gold assays.		249
Figure 11.2 Comparison of MSALABS PA vs ALS FA gold assays over 100 ppm.		250
Figure 11.3 Comparison of two halves of the core for gold.		257
Figure 11.4 Core duplicate assays compared for larger sample aliquots.		258
Figure 11.5 Comparison of 30-g and 50-g gold assays on pulps.		260
Figure 11.6 ALS Internal preparation duplicates.		261
Figure 11.7 MSALABS analytical duplicates.		262
Figure 11.8 Duplicate jar assays by PhotonAssay^TM.		263
Figure 11.9 Comparison of 50-g Fire Assays at ALS and SGS		264
Figure 11.10 Check Assays for Fine Fractions at SGS.		265
Figure 11.11 Check assays for MSA PhotonAssay™ samples by fire assay at ALS.		266
Figure 11.12: Comparison of Screen Fire Assay and PhotonAssay™ for over 100 ppm Au		266
Figure 11.13 Percentage of gold in the coarse fraction in ALS screen fire assays		268
Figure 12.1 Drillhole collar locations of QP-collected core samples and gold assay results.		273
Figure 13.1 Plan view map of metallurgical sections from Keats Main, Golden Joint and Lotto.		277
Figure 13.2 Cross section of metallurgical section Keats Main - 1.		278
Figure 13.3 Cross section of metallurgical section Keats Main - 2		279

Figure 13.4 Cross section of metallurgical section Keats Main - 4		280
Figure 13.5 Cross section of metallurgical section Lotto.		281
Figure 13.6 Cross section of metallurgical section Golden Joint		282
Figure 13.7 Arsenic Content vs Gold Tails Grade for 2.0 ppm to 4 ppm		287
Figure 13.8 Queensway Project Process Flow Sheet.		291
Figure 23.1 Adjacent properties to the Queensway Gold Property.		294

Analyte	Method Code	Detection Limit	Type of Method	Finish
Au	AA30	0.005 ppm	30 g fire assay	AAS
Au	AA40	0.005 ppm	40 g fire assay	AAS
Au	Au Met	0.010 ppm	Screen fire assay	AAS / Gravimetric / Hybrid

Analyte	Method Code	Detection Limit	Description
Au	CPA-Au1	0.015 ppm	Photon assay - single
Au	CPA-Au1D	0.015 ppm	Photon assay - duplicate
Au	CPA-Au1E	0.015 ppm	Photon assay - extinction

Mineralized Zone	Variability Composites
Golden Joint 1 & 2	14
Keats 1, 2 & 3	29
Keats 4	16
Keats 5	34
Lotto 1 & 2	23

Total	116

Master Composite	Prospect Sections	No. of Variability Composites
KZ-MC-1	Keats 1,2,3	29
KZ-MC-2	Keats 4, 5	50
LZ-MC	Lotto 1, 2	23

Master Composite	SMC A x b	BWi	Bond Ai
		(kWh/t)	(g)
KZ-MC-1	59.4	17.9	0.286
KZ-MC-2	60.4	16.2	0.089
LZ-MC	65.9	18.3	0.124

Master Composite	Calculated Head Grade	Gravity Extraction	Gravity Tail Leach Extraction	Total Au Extraction
	(ppm Au)	(%)	(%)	(%)
KZ-MC-1 (CIL)	39.4	86.6	85.2	98.0
KZ-MC-1 (Direct Leach)	38.86	86.5	53.3	93.7
KZ-MC-2 (CIL)	3.97	55.8	76.7	89.7
KZ-MC-2 (Direct Leach)	3.92	56.2	16.0	63.2
LZ-MC (CIL)	12.5	80.3	74.2	94.9
LZ-MC (Direct Leach)	12.25	81.0	14.9	83.8

Prospect	Variability Composites	Minimum Head Grade	Maximum Head Grade	Average Head Grade	Weighted Au Extraction
		(ppm Au)	(ppm Au)	(ppm Au)	(%)
Golden Joint 1 & 2	14	0.87	18.86	5.13	90.0
Keats 1, 2 & 3	29	0.77	100.38	15.15	96.3
Keats 4	16	0.63	33.14	5.85	92.2
Keats 5	34	0.35	170.99	17.31	96.8
Lotto 1 & 2	23	0.48	65.35	9.38	95.0

Gold Grade	As vs Au Tails Grade Relationship
<1.0 ppm	Au Tails Grade = -0.0000819*(Arsenic ppm) + 0.143553
>1.0 ppm, <2.0 ppm	Au Tails Grade = -0.00614*(Arsenic ppm) +0.2449501
>2.0 ppm, <4.0 ppm	Au Tails Grade = -0.0000957*(Arsenic ppm) + 0.1690654
>4.0 ppm, <6.0 ppm	Au Tails Grade = -0.0000579*(Arsenic ppm) + 0.3344562
>6.0 ppm, <10.0 ppm	Au Tails Grade = -0.0000607*(Arsenic ppm) + 0.35808.69
>10.0 ppm	Au Tails Grade = -0.0000341*(Arsenic ppm) + 0.6525299

Variability Composite	Flowsheet Option	Calculated Head Grade	Overall, Gold Extraction	Sodium Cyanide Usage
		(g/t)	(%)	(kg/t)

KZ4 #8	A	1.70	72.7	1.33
	B	1.95	70.0	0.58
	C	2.07	72.4	0.36

KZ5 #35	A	1.70	63.9	1.09
	B	1.59	64.2	0.63
	C	1.36	63.7	0.28

LZ #15	A	1.24	56.5	1.32
	B	1.25	48.5	0.63
	C	1.19	48.5	0.26

Risk Description	Likelihood	Consequence Rating	Risk

Metallurgical test work has not determined the full effect of preg-rob materials in the mineralized zones	Unlikely	Moderate	Low
Reagent consumptions have not been optimized	Likely	Low	Low
Comminution characteristics have not been defined	Possible	Moderate	Medium
Gravity gold extraction is overestimated	Likely	Low	Low