Exploits Discove Stock Price, News & Analysis

New Found Gold (NYSE-A: NFGC) has entered into a property purchase agreement to acquire mineral claims from Exploits Discovery Corp., significantly expanding its Queensway Gold Project in Newfoundland. The acquisition will increase the project size by 33% to 234,050 hectares.

The transaction involves 2,821,556 common shares issued to Exploits, with an additional 725,543 shares pending court determination of disputed claims. The deal includes a 1% NSR Royalty, with NFGC retaining the right to purchase 0.5% for CDN$750,000 within three years. The acquisition adds 20 km of strike extent along the main gold-mineralizing structures and requires 66.67% approval from Exploits shareholders, with closing expected in Q4 2025.

Exploits Discovery (OTCQB: NFLDF) has entered into a definitive agreement to sell its Newfoundland mineral claims to New Found Gold Corp. (NFG) in a transaction valued at up to C$8.8 million. The deal includes C$7 million in NFG shares (2,821,556 shares) and a 1% NSR royalty on select claims, with potential additional consideration of C$1.8 million in NFG shares for disputed claims.

The transaction covers 1,984 mineral claims (49,600 ha), excluding 360 disputed claims (9,000 ha). NFG retains a three-year option to repurchase 0.5% of the royalty for C$750,000. The deal requires 66.67% shareholder approval and is expected to close in Q4 2025.

Post-transaction, Exploits will focus on its four cornerstone gold projects in Ontario and Québec, which contain historical gold resources of approximately 680,000 ounces.

Exploits Discovery (OTCQB: NFLDF) has announced significant progress at its Hawkins Gold Project in Northern Ontario, including the completion of a site visit and submission of drill permit applications. The company has initiated planning for sampling programs, surface prospecting, mapping, trenching, and geophysical surveys across the property's 60+ km greenstone belt.

In a strategic move to strengthen its technical capabilities, Exploits has appointed Dr. Natalie Pietrzak-Renaud as Technical Advisor. Dr. Pietrzak-Renaud brings over 20 years of multi-commodity exploration experience and previously led exploration programs at the Hawkins property from 2020 to 2022. The appointment aims to accelerate the development of the project, which the company believes has district-scale gold potential.

Exploits Discovery Corp. (NFLDF) has entered into an option agreement with Cartier Resources to acquire up to 100% interest in three advanced gold exploration projects in Quebec's Abitibi Greenstone Belt. The projects include Wilson, Fenton, and Benoist, with Benoist containing historical indicated resources of 134,400 oz Au and inferred resources of 107,000 oz Au. The Wilson project hosts historical resources of 187,706 tonnes at 7.1 g/t Au, while Fenton has historical resources of 426,173 tonnes at 4.66 g/t Au. The acquisition terms include staged cash payments, share issuances, and exploration expenditures totaling $1.55M in cash, 7.5M shares, and $12.25M in exploration work across all properties. Cartier will retain a 2% NSR royalty on the properties. This strategic move, combined with their Hawkins Project in Ontario (328,000 oz Au historical resource), positions Exploits to potentially develop over one million ounces of gold across their portfolio.

CEO.CA's 'Inside the Boardroom' featured an interview with Jeff Swinoga, President & CEO of Exploits Discovery Corp. (NFLDF), discussing their recent acquisition of the Hawkins property in Ontario, Canada. The property includes the McKinnon Gold Zone with a resource of over 300,000 ounces of gold. The acquisition is strategically significant as it places the company in a Hemlo-style geological setting with district-scale potential in one of Canada's major gold-producing regions. The McKinnon Zone shows expansion potential, being open at depth and along strike, with historic trenching data suggesting promising gold values within one kilometer east of the current resource boundary.

Exploits Discovery Corp. (NFLDF) has entered into an option agreement with Pavey Ark Minerals to acquire a 100% interest in the Hawkins gold property in Ontario. The property features the McKinnon Gold Zone, which contains a historic inferred resource of 328,800 ounces of gold at 1.65 g/t within 200 meters of surface. The project spans a 60+ km mineralized belt that mirrors the geology of the Hemlo Gold Deposit, which has produced over 21 million ounces of gold. To acquire full ownership, Exploits will make total payments of $1 million in cash, $1 million in shares, and invest $2.5 million in exploration over five years. Upon completion, Pavey Ark will retain a 2.0% NSR royalty. The McKinnon Zone remains open for expansion both at depth and along strike, with promising gold values identified in historic trenching within one kilometer east of the current resource boundary.

Exploits Discovery Corp (OTCQB: NFLDF) has announced results from its Phase 4 drilling campaign at the Bullseye property. The program successfully confirmed gold mineralization continuation at the Saddle Zone, with a notable intercept of 25.36 g/t gold over 1.60 metres extending the Horseshoe Zone at depth.

The company has completed 20,000 metres of drilling at Bullseye, identifying two high-grade gold zones: Horseshoe and Saddle. The property's strategic location includes 10+ km of contiguous claims along the Appleton Fault Zone, adjacent to New Found Gold Corp's recently announced resource. Notable drill results include intersections of 4.65 g/t gold over 0.55 metres and 2.02 g/t gold over 1.00 metres.

Exploits maintains a strong financial position with over $4 million in cash and no debt, positioning the company for continued exploration advancement.

Exploits Discovery Corp. (NFLDF) has announced results from its 2024 till sampling program at the Gazeebow South property along the Appleton Fault Zone in Central Newfoundland. The program revealed elevated gold grain counts up to 14 times greater than local background levels, with samples collected at 100 x 100 metre spacing.

Key findings include multiple samples with significant gold grain counts:

• 73 Total Gold Grains (26% Pristine, 52% Modified)
• 84 Total Gold Grains (11% Pristine, 18% Modified)
• 67 Total Gold Grains (7% Pristine, 19% Modified)
• 55 Total Gold Grains (5% Pristine, 33% Modified)

The property covers over 8 kilometers of the northern Appleton Fault Zone and is located approximately 17 km northeast of New Found Gold's Keats and Iceberg discoveries. The deformation patterns observed resemble those at New Found Gold's high-grade gold discoveries, suggesting district-scale potential.

Exploits Discovery Corp (CSE: NFLD) (OTCQB: NFLDF) has announced its participation in two major mining events. The company will present at Red Cloud's 13th Annual Pre-PDAC Mining Showcase in Toronto from February 27-28, 2025, where President & CEO Jeff Swinoga will deliver a presentation on February 28 at 2:40pm at the Omni King Edward Hotel.

The Red Cloud showcase will feature over 80 companies and facilitate more than 600 one-on-one meetings, including keynote speeches from mining and finance leaders. Additionally, Exploits will exhibit at PDAC 2025 at Booth 2618A in the Metro Toronto Convention Centre from March 2-3, 2025, where the company's leadership team, including VP of Exploration Ken Tylee and VP of Corporate Development Shanda Kilborn, will meet with shareholders and potential investors.

The company will also participate in PDAC's Atlantic Canada Day on March 4, 2025, showcasing the region's mining opportunities.