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Exploits Discovery Corp. is a Canadian mineral exploration company based in Toronto, Ontario, focused on acquiring and developing mineral projects in Newfoundland and Labrador, Canada. The company has identified four new exploration target areas near the Appleton Fault structure on its Bullseye gold property. Exploits has released the results from an initial 12-hole drilling program to test the potential strike extension of New Found Gold Corp.'s Jackpot gold zone. The company's recent 2024 drilling campaign intersected a structural zone similar to NFG's Jackpot zone, showing signs of potential mineralization. Exploits is dedicated to pursuing gold targets in the area and advancing its exploration plans on the Bullseye and Gazeebow South properties.
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.
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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