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Exploits Discovery Corp. reports developments for a Canadian gold exploration business focused on Québec and Ontario projects, including Fenton, Wilson, Benoist and Hawkins. Recurring updates cover exploration results, diamond drilling, surface sampling, geophysical and structural targets, and the company's strategic equity and royalty exposure in Newfoundland following the completed sale of its Newfoundland claims.
Company news also includes flow-through share financings for Canadian exploration expenditures, shareholder voting matters, board and leadership changes, and other governance actions tied to its public-company status on the OTCQB and Canadian Securities Exchange.
Exploits Discovery Corp. (CSE: NFLD, OTCQB: NFLDF, FSE: 634) updates on its exploration programs in Central Newfoundland, notably at Bullseye and Gazeebow South along the Appleton Fault Zone (AFZ). The company commenced NQ core drilling at Bullseye, focusing on mineralized quartz veining intersected in 2023. Initial assays reported 4.08 g/t Au over 1.60 m and 14.59 g/t Au over 1.00 m. Down-hole televiewer surveying is ongoing to aid in follow-up hole designs. Additionally, 150 till samples will be collected at Gazeebow South to follow up on elevated gold grain counts from late 2023. Prospecting and mapping will continue at Dog Bay and Mt. Peyton. The programs are fully funded with over $6 million in cash and no debt. Results will be reported after receipt and interpretation.
Exploits Discovery Corp. (CSE: NFLD, OTCQB: NFLDF, FSE: 634) announced plans for a Phase 3 drilling campaign on its Bullseye gold property in Central Newfoundland. The campaign follows encouraging results from drill hole BE-23-028. The Bullseye property, which is fully permitted for drilling in 2024, covers a 1.2 km segment of the Appleton Fault system. Approximately 2,500 meters of NQ core drilling are scheduled for June-July 2024, focusing near the 2023 exploration hole where promising gold assays were previously reported. The drilling will target areas with complex mineralized veining, supported by data from various geophysical surveys and a recent down-hole televiewer program.
Highlights include gold assays: 4.08 g/t Au over 1.60 m and 14.59 g/t Au over 1.00 m at different depths. The drilling campaign aims to test gold intercepts along second-order splay structures aligning with known gold zones from neighboring properties owned by New Found Gold Corp. and others. Local firm Trust Drilling Inc. will conduct the drilling operations.
Exploits Discovery Corp. has initiated an optical televiewer downhole survey at the Bullseye property in Newfoundland to refine 3D orientation for their 2024 phase II drill program. DGI Geoscience Inc. will conduct the survey to provide critical orientation information on potential structural controls, aiding in the visualization of geological features in real time. The results will assist in targeting gold zones, enhancing directional accuracy for future drilling programs.
Exploits Discovery Corp. has engaged HiSeis for interpreting seismic data on its Bullseye gold property in Central Newfoundland. The data was provided by New Found Gold Corp. in exchange for survey line permissions. HiSeis will analyze the seismic data to understand deeper structures for potential high-grade gold mineralization. The interpretation is expected to be completed by summer.
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