Effects Highlights:

Desk 1: Drilling Highlights

Blonde Dome Highlights:

• Deep drilling concentrated on a potential section between the Blonde Joint and Dome zones intersected high-grade gold mineralization over a just about 30m down-hole intermission as demonstrated by way of a number of high-grade intercepts with a cumulative range of 11.80m together with 343 g/t Au over 2.15m (which contained a 1,230 g/t Au pattern over 0.60m core range), 9.51 g/t Au over 7.45m, and 40.6 g/t Au over 2.20m in NFGC-24-2158 (Figures 2-5).
• This vast intermission of high-grade mineralization with a cumulative range of 11.80m is a unused zone referred to as “Golden Dome” and is positioned inside a up to now untested hole in drilling that spans a range of a minimum of 500m partway between Blonde Joint and Dome. Lately’s intercept happens 200m under present drilling at Dome (Figures 3 and 5).
• Those initial effects recommend that this zone is a part of a bigger mineralized structural community connecting Dome to Blonde Joint having a mixed hit range of 750m and lengthening to depths of as much as 375m (Determine 7). Apply-up drilling is ongoing to outline this unused discovery.

Supplementary Deep Drilling Highlights:

• The Corporate has additionally gained supplementary effects from its ongoing deep drilling program checking out the Keats Baseline Fault Zone (“KBFZ“)-AFZ structural hall, consisting of each unused deep grid holes from floor and thru a sequence of wedges concentrated on deep mineralization at Keats South.  
• NFGC-24-2135 checking out between the Keats branch of the KBFZ and the AFZ intersected any other unused high-grade discovery at intensity with the spotlight intermission of 13.7 g/t Au over 4.85m, together with 40.6 g/t Au over 1.50m. This intermission is positioned in an instant east of the AFZ at a vertical intensity of 500m and accommodates ocular gold; it’s positioned peripheral to a broader low-grade quartz vein area. This provides to the 9 deep zones lately introduced at Queensway (released July 11, 2024), (Determine 6).
• At Keats South, wedge gap NFGC-24-2112-W1 intercepted 23.3 g/t Au over 2.20m at a vertical intensity of 645m. This gap was once designed to step out from the up to now discharged mum or dad gap NFGC-24-2112 which integrated an higher zone of eleven.0 g/t Au over 2.65m foundation from a vertical intensity of 585m and a deeper zone of seven.66 g/t Au over 2.70m foundation from a vertical intensity of 770m (Determine 4).
• General, the deep drilling at Keats South has recognized two vast domain names of Au-bearing quartz veins at the east and west facets of the AFZ with matching mineralization traits as detectable within the high-grade departments of the KBFZ. The wedging program is designed to abruptly step out on towering precedence zones to raised outline their extents of high-grade mineralization. To occasion, the wedging program has effectively demonstrated that the gold mineral gadget continues to intensity and supplementary drilling paintings is needed to raised perceive this patch of gold mineralization and amplify and outline the high-grade feature.
• The Corporate has larger the collection of diamond drilling rigs to 8 on the undertaking website with 5 rigs energetic at Queensway and 3 rigs energetic at its lately received Kingsway Challenge which adjoins Queensway alongside hit to the north.

Greg Matheson, Eminent Working Officer of Brandnew Discovered, mentioned: “Today’s discovery at Golden Dome indicates that high-grade gold is present deeper in the Queensway system. Golden Dome is well positioned in a wide-open area between several major structures including Golden Joint, Dome and Iceberg East with mineralization characteristics akin to those observed at many of the other near surface zones.

“As introduced lately on October 24, 2024, the effects from the Pistachio discovery at Kingsway display the development of scale of the mineralized gadget made in 2024 at floor, alongside hit. Paired with our ongoing luck at intensity, we’re vision an important build up within the mineralized footprint at Queensway. We’ve got now gained effects from 21 deep drill holes, eminent to the invention of eleven unused zones at intensity. Our goal pipeline for enlargement is robust and we lately doubled the collection of energetic drill rigs on the undertaking to extra abruptly travel and outline many of those unused high-grade discoveries.”

Drillhole Main points

Queensway 650,000m Drill Program Replace

The Corporate is recently endeavor a 650,000m drill program at Queensway.

Sampling, Sub-sampling, and Laboratory

All drilling recovers HQ core. The drill core is fracture in half of the usage of a diamond noticed, or a hydraulic splitter for uncommon intersections with incompetent core.

A geologist examines the drill core and marks out the periods to be sampled and the chopping form. Pattern lengths are most commonly 1.0 metre and changed to appreciate lithological and/or mineralogical contacts and isolate slender (<1.0m) veins or alternative constructions that can yielding upper grades.

Technicians noticed the core alongside the outlined chopping form. One-half of the core is stored as a eyewitness pattern and the alternative half of is submitted for evaluation. Person pattern baggage are sealed and positioned into totes, that are later sealed and marked with the contents.

Brandnew Discovered has submitted samples for gold resolution by way of photon assay to ALS Canada Ltd. (“ALS“) since February 2024.ALS operates underneath a business pledge with Brandnew Discovered.

Drill core samples are shipped to ALS for pattern preparation and evaluation, in Thunder Bay, Ontario. ALS is an ISO-17025 authorized laboratory for the hearth assay and photon assay forms.

Samples submitted to ALS starting in February 2024, gained gold evaluation by way of photon assay wherein all the pattern is overwhelmed to roughly 70% passing 2 mm mesh. The pattern is later riffle fracture and transferred into jars. For “routine” samples that should not have VG recognized and don’t seem to be inside a mineralized zone, one (300-500g) jar is analyzed by way of photon assay. If the jar assays more than 0.8 g/t, the extra overwhelmed subject matter is weighed into more than one jars and submitted for photon assay.

For samples that experience VG recognized, all the overwhelmed pattern is riffle fracture and weighed into more than one jars which can be submitted for photon assay. The assays from all jars are mixed on a weight-averaged foundation.

Samples that go back values >350 ppm Au are analysed by way of display metal fireplace assay with gravimetric end.  The pattern is split into 1 kg splits. Every fracture is pulverized and screened at 106 microns. All of the route fraction (sized more than 106 microns) are fireplace assayed. Two splits of the high quality fraction (lower than 106 microns) are fireplace assayed.  The 3 assays are mixed on a weight averaged foundation. All splits are mixed on a weight averaged foundation.

Make a selection samples ready at ALS also are analyzed for a multi-element ICP package deal (ALS form code ME-ICP61) at ALS Vancouver.

Drill program design, Detail Pledge/Detail Keep an eye on, and interpretation of effects are carried out by way of certified individuals using a rigorous Detail Pledge/Detail Keep an eye on program in line with trade very best practices. Requirements and blanks account for at least 10% of the samples along with the laboratory’s inner detail commitment methods.

Detail Keep an eye on knowledge are evaluated on receipt from the laboratories for screw ups. Suitable motion is taken if assay effects for requirements and blanks fall outdoor allowed tolerances. All effects mentioned have handed Brandnew Discovered’s detail keep watch over protocols.

Brandnew Discovered’s detail keep watch over program additionally comprises submission of the second one half of of the core for roughly 2% of the drilled periods. As well as, roughly 1% of pattern pulps for mineralized samples are submitted for re-analysis to a 2nd ISO-accredited laboratory for test assays.

The Corporate does now not acknowledge any components of drilling, sampling, or healing that might materially have an effect on the accuracy or reliability of the assay knowledge disclosed.

The assay knowledge disclosed on this press shed were verified by way of the Corporate’s Certified Individual in opposition to the fresh assay certificate.

The Corporate notes that it has now not finished any financial critiques of its Queensway Challenge and that the Queensway Challenge does now not have any sources or reserves.

Certified Individual

The medical and technical knowledge disclosed on this press shed was once reviewed and licensed by way of Greg Matheson, P. Geo., Eminent Working Officer, and a Certified Individual as outlined underneath Nationwide Device 43-101. Mr. Matheson has the same opinion to the newsletter of this press shed dated October 31, 2024, by way of Brandnew Discovered. Mr. Matheson certifies that this press shed reasonably and correctly represents the medical and technical knowledge that methods the foundation for this press shed.

About Brandnew Discovered Gold Corp.

Brandnew Discovered holds a 100% hobby within the Queensway Challenge, positioned 15km west of Gander, Newfoundland and Labrador, and simply 18km from Gander Global Airport. The undertaking is intersected by way of the Trans-Canada Freeway and has logging roads crosscutting the undertaking, towering voltage electrical energy traces operating in the course of the undertaking section, and simple get entry to to a extremely professional body of workers. The Corporate is recently endeavor a 650,000m drill program at Queensway and is easily funded for this program with money and marketable securities of roughly $41 million as of October 2024.

The following the Corporate’s site at www.newfoundgold.ca and the Corporate’s SEDAR+ profile at www.sedarplus.ca.

Acknowledgements

Brandnew Discovered recognizes the monetary aid of the Juvenile Exploration Backup Program, Segment of Herbal Assets, Executive of Newfoundland and Labrador.

Touch

To touch the Corporate, please discuss with the Corporate’s site, www.newfoundgold.ca and manufacture your request thru our investor inquiry mode. Our control has a word of honour to be involved with any investor inquiries inside 24 hours.

Brandnew Discovered Gold Corp.
Consistent with: “Collin Kettell”
Collin Kettell, Eminent Government Officer

Neither the TSX Project Alternate nor its Legislation Services and products Supplier (as that time period is outlined within the insurance policies of the TSX Project Alternate) accepts accountability for the adequacy or accuracy of this shed.

Ahead-Having a look Remark Cautions

This press shed accommodates sure “forward-looking statements” throughout the which means of Canadian securities law, on the subject of exploration, drilling and mineralization at the Corporate’s Queensway gold undertaking in Newfoundland and Labrador; the deep drilling program and the translation of the effects and advantages of such program; assay effects; the translation of drilling and assay effects, the level of mineralization and the invention of zones of high-grade gold mineralization; plans for while exploration and drilling and the timing of identical; the deserves of the Queensway undertaking; while press releases by way of the Corporate; and investment of the drilling program. Even if the Corporate believes that such statements are cheap, it can provide deny commitment that such expectancies will end up to be proper. Ahead-looking statements are statements that don’t seem to be historic details; they’re normally, however now not all the time, recognized by way of the phrases “expects”, “plans”, “anticipates”, “believes”, “interpreted”, “intends”, “estimates”, “projects”, “aims”, “suggests”, “indicate”, “often”, “target”, “future”, “likely”, “pending”, “potential”, “goal”, “objective”, “prospective”, “possibly”, “preliminary”, and matching expressions, or that occasions or situations “will”, “would”, “may”, “can”, “could” or “should” happen, or are the ones statements, which, by way of their nature, please see while occasions. The Corporate cautions that forward-looking statements are in line with the ideals, estimates and critiques of the Corporate’s control at the occasion the statements are made, and so they contain various dangers and uncertainties. Because of this, there can also be deny agreements that such statements will end up to be correct and original effects and while occasions may just range materially from the ones expected in such statements. Except for to the level required by way of acceptable securities rules and the insurance policies of the TSX Project Alternate, the Corporate undertakes deny legal responsibility to replace those forward-looking statements if control’s ideals, estimates or critiques, or alternative components, will have to exchange. Elements that might reason while effects to range materially from the ones expected in those forward-looking statements come with dangers related to imaginable injuries and alternative dangers related to mineral exploration operations, the chance that the Corporate will come across unanticipated geological components, dangers related to the translation of exploration, drilling and assay effects, the chance that the Corporate would possibly not have the ability to book allowing and alternative governmental clearances essential to hold out the Corporate’s exploration plans, the chance that the Corporate will be unable to boost possess sufficient resources to hold out its trade plans, and the chance of political uncertainties and regulatory or prison adjustments that may intrude with the Corporate’s trade and possibilities. The reader is suggested to please see the Corporate’s Annual Knowledge Mode and Control’s dialogue and Research, publicly to be had in the course of the Canadian Securities Directors’ Gadget for Digital File Research and Retrieval (SEDAR+) at www.sedarplus.ca for a extra whole dialogue of such chance components and their possible results.

SOURCE Brandnew Discovered Gold Corp.

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