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Exploits Discovery Corp. (CSE: NFLD, OTCQB: NFLDF, FSE: 634) generates a steady flow of exploration and corporate news as it advances its gold projects in Québec and Ontario. This news page aggregates company announcements so readers can follow how Exploits is working to grow gold ounces across its Hawkins, Fenton, Wilson, and Benoist projects and manage its broader portfolio, including its equity and royalty exposure to New Found Gold in Newfoundland.
Recent news releases highlight exploration updates such as Phase 1 field programs, high-grade surface and core assay results, and the launch of high-resolution drone magnetic and VLF-EM surveys at the Fenton and Wilson projects in Québec. The company also reports on fully permitted diamond drill programs designed to test known high-grade mineralization and untested electromagnetic conductors interpreted as sulphide-rich or structurally controlled zones.
In addition to technical results, Exploits’ news covers corporate developments and financing activities. Examples include the sale of substantially all of its Newfoundland mineral claims to New Found Gold in exchange for shares and a net smelter returns royalty, the closing of a flow-through share private placement to fund Canadian exploration expenses in Québec and Ontario, and the appointment of experienced mining professionals to its board of directors. Shareholder meeting outcomes, such as approvals related to the Newfoundland transaction and auditor reappointments, are also disclosed.
Investors and observers can use this page to review how Exploits communicates progress on its exploration strategy, from mapping and sampling through to drilling campaigns and property transactions. Regularly consulting the news feed provides context on the company’s exploration focus, portfolio evolution, and technical milestones across its Canadian gold projects.
Exploits Discovery Corp. (NFLDF) has appointed Douglas Cater as the new Chair of its board of directors. Cater, who has been a board member since 2022, brings over 40 years of industry experience in precious metals exploration and mining. He previously served as Vice President Exploration for Kirkland Lake Gold from 2016 to 2019, where he contributed to the Newmarket Gold acquisition.
The company has granted Cater 200,000 stock options at $0.06 per share, expiring February 10, 2030. Additionally, with approximately $5 million in cash, Exploits has established an 'Opportunities Committee' to evaluate potential acquisitions, options, investments, and joint ventures for new projects in Canada and the United States.
Exploits Discovery Corp. (NFLDF) has reported gold assay results from its diamond drilling campaign at the Bullseye property. Key findings include confirmation of gold mineralization on the western flank of the Appleton Fault Zone and extension of the high-grade zone at the Horseshoe gold discovery.
Notable results include drill hole BE-24-030, which revealed a significant gold intercept of 25.36 g/t Au over 1.60 metres at approximately 260 metres depth. Other notable intersections include BE-24-025 with 1.24 g/t Au over 1.70m and BE-24-028 with 2.67 g/t Au over 1.20m.
The company currently has approximately $5 million in cash and is awaiting gold assays from five additional drill holes focused on the Horseshoe and Saddle mineralized zones. The company plans to announce results from its 2024 till sampling program at the Gazeebow South property this quarter.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) held its Annual General Meeting on December 9, 2024. The company announced the re-election of Jeff Swinoga, Rod Husband, Larry Short, Siri Genik and Doug Cater as Directors. Davidson & Company LLP was re-appointed as the company's auditor.
Following the AGM, the Board reconstituted all Committees and reappointed key officers including Jeff Swinoga as President and CEO, Fiona Fitzmaurice as CFO, Ken Tylee as VP of Exploration, Shanda Kilborn as VP of Corporate Development and Investor Relations, and Jacqueline Collins as Corporate Secretary.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) has started drilling operations at its Bullseye claims near Gander, Central Newfoundland. The company engaged Major Drilling for a 2,500-metre program, representing the fourth phase of exploration drilling since September 2022. The program targets the western flank of the Appleton Fault Zone (AFZ) and will follow up on previous successful intercepts, including 67.55 g/t Au over 3.30m at the Saddle Zone. The Bullseye property, strategically positioned between New Found Gold Corp.'s Queensway North and Kingsway claims, covers a 1.2-kilometre section of the AFZ where two mineralized zones have been identified.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) has announced plans for a Phase 4 drilling campaign on the western flank of the Appleton Fault Zone (AFZ) at its Bullseye gold property. The program will include:
1. Exploration of the west section of Bullseye, north of New Found Gold Corp.'s K2 gold zone.
2. Drilling along the west section of the AFZ on Bullseye.
3. High-priority drilling at the Saddle Zone, following up on previous high-grade intercepts.
4. Approximately 2,500 m of drilling.
The Bullseye property, 100%-owned and fully permitted for drilling throughout 2024, encompasses a 1.2-kilometre segment of the AFZ. Previous drilling at the Saddle Zone yielded significant results, including 254.00 g/t over 0.80 m and 20.92 g/t over 0.60 m core lengths.
Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) has successfully completed a non-brokered private placement, raising $1,015,400 through the issuance of 12,692,500 flow-through shares at $0.08 per share. The company paid $25,344 in finder's fees, and the shares are subject to a four-month hold period ending January 28, 2025. An insider participated for $8,000, considered a related party transaction under MI 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements.
The proceeds will be used for eligible Canadian exploration expenses related to the company's mining projects. Additionally, Exploits has granted 2,150,000 stock options to directors, officers, employees, and consultants, exercisable until September 30, 2029, at $0.08 per share.
Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) has announced a non-brokered private placement of up to 12,500,000 flow-through common shares at $0.08 per share, aiming to raise up to $1 million. The funds will be used for eligible Canadian exploration expenses that qualify as flow-through mining expenditures for the company's mining projects. The offering is subject to regulatory approvals, and securities will have a four-month-and-one-day hold period. Finder's fees may be payable, and the shares will not be registered under the U.S. Securities Act, limiting their sale within the United States.
Exploits Discovery Corp. (NFLDF) reports assay results from three diamond drill holes at the Saddle Zone within its Bullseye property in Central Newfoundland. Highlights include:
- BE-24-022: 1.60 g/t Au over 2.05m at ~73m depth, and 3.92 g/t Au over 0.45m at ~84m depth
- BE-24-024: 1.48 g/t Au over 0.65m and 3.68 g/t Au over 0.50m (with visible gold) at ~165-166m depth
The Saddle Zone remains open in all directions. CEO Jeff Swinoga states these results confirm the gold mineralization system extends beyond the previously reported high-grade intersection of 67.55 g/t gold over 3.3 metres. The company is now designing follow-up drill plans and completing a till-sampling program at its Gazeebow property.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) has reported encouraging gold assay results from its recent diamond drilling campaign at the Saddle Zone within the Bullseye property. The latest data from six additional drill holes confirms multiple gold intercepts exceeding 10 g/t Au, correlating with visible gold observed in the drill core. Highlights include:
- BE-24-021: 16.32 g/t Au over 0.65 m and 20.92 g/t Au over 0.60 m
- BE-24-020: 12.65 g/t Au over 1.30 m, including 20.67 g/t Au from a 0.55 m sample
- BE-24-016: 4.43 g/t Au over 0.80 m and 1.48 g/t Au over 3.90 m
The Saddle zone remains open in all directions, with three more drill holes yet to be reported from this Phase 3 targeted drill program. The company is utilizing a downhole televiewer consultant to assist in designing follow-up drill plans.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) has announced significant gold discoveries at its Bullseye property in Newfoundland. The newly named 'Saddle Zone' yielded impressive results, including:
- 67.55 g/t Au over 3.30 m, including 254.08 g/t Au over 0.80 m in hole BE-24-015
- 53.37 g/t Au over 0.60 m in hole BE-23-014
- 35.82 g/t Au over 0.90 m in hole BE-24-013
These high-grade intercepts, featuring visible gold, were found at depths ranging from 80 to 164 meters below surface. The Saddle Zone appears open in all directions, suggesting potential for further expansion.