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Overview of Exploits Discovery Corp.
Exploits Discovery Corp. (NFLDF) is a Canadian mineral exploration company with a robust focus on identifying and developing gold mineralization projects located in Newfoundland and Labrador. Employing advanced seismic surveys, comprehensive diamond drilling techniques, and detailed geophysical analyses, the company has built a reputation for leveraging state‐of‐the‐art exploration methods alongside its extensive understanding of regional geology. Operating primarily along the geologically significant Appleton Fault Zone, Exploits Discovery integrates multi-layered data from 2D and 3D seismic datasets, drilling results, and till sampling to map high-potential gold zones with a high level of precision and reliability.
Core Business and Exploration Strategy
At its core, Exploits Discovery is dedicated to the acquisition and exploration of mineral properties that exhibit characteristics conducive to high-grade gold mineralization. The Company strategically positions its claims in regions known for complex geological structures. By undertaking extensive seismic surveys executed by experts in hard rock seismic techniques, the firm is able to derive detailed subsurface images that inform its drilling decisions. This approach minimizes uncertainty and increases the accuracy of drilling targets. The integration of diamond drilling programs, which have amassed thousands of metres of data, further validates the geological models and unlocks valuable insights about the mineralization style within fold-thrust sequences and brittle fault networks.
Technological Integration and Methodological Rigor
Exploits Discovery is distinguished by its comprehensive use of diverse exploration methodologies. The Company collaborates with industry leaders such as HiSeis to interpret seismic data, ensuring high-resolution imaging of deep-seated structures that can host localized gold veins. This technical partnership reinforces the Company’s methodology, as seismic data is combined with geological mapping and historical drilling records. The use of televiewer downhole survey data further refines drilling plans by offering critical insights into the orientation and structure of targeted zones.
Geological Setting and Target Areas
The Company’s exploration properties, notably the Bullseye and Gazeebow South projects, are strategically located along the Appleton Fault Zone. This tectonically active area is renowned for its complex network of faults and fractures that act as conduits for mineralizing fluids. The Bullseye property, overlaying a significant segment of the fault system, displays intricate geological features including northeast-striking, steeply dipping sedimentary sequences that have been deformed by ancient tectonic collisions. Such settings are ideal for the formation and concentration of high-grade gold mineralization, evidenced by the visible gold and gold assays reported from early drill programs.
Operational Excellence and Data-Driven Decision Making
Data integrity and quality control are integral to the Company’s operational strategy. The continuous integration of geophysical survey results with systematic drilling efforts exemplifies a disciplined, methodical approach to exploration. Quality Assurance and Quality Control (QA/QC) measures are implemented meticulously, from sample collection and preparation to the analysis process conducted in accredited laboratories. This attention to detail underpins the trust and credibility the Company has garnered among its stakeholders and within the broader exploration community.
Market Position and Industry Context
In the highly competitive landscape of mineral exploration, Exploits Discovery distinguishes itself through its well-defined exploration strategy and consistent application of advanced technologies. Its operations provide valuable insights into the subsurface geology of a region known for multiple high-grade gold discoveries. While many junior explorers operate with limited resources, Exploits benefits from both a seasoned, all-local team and strategic funding arrangements, allowing it to execute comprehensive exploration programs. Moreover, the Company engages with experienced consultants and employs modern geophysical techniques that collectively enhance its technical acumen.
Key Differentiators
- Integrated Exploration Techniques: Combines seismic, drilling, and geophysical data for a holistic understanding of subsurface structures.
- Strategic Claim Positioning: Focused on territories adjacent to historic high-grade discoveries, particularly along the Appleton Fault Zone.
- Rigorous QA/QC Practices: Ensures data accuracy and reliability through established procedures and independent laboratory analyses.
- Local Expertise: Utilizes an experienced, regionally knowledgeable team to navigate the unique geological challenges of Newfoundland and Labrador.
Comprehensive Exploration Programs
The Company’s exploration programs are designed to incrementally add layers of geological data that reduce risk and better define prospective zones. For instance, detailed seismic surveys conducted over extensive areas provide insights into deep structures, while diamond drilling and subsequent assay analysis yield tangible data on grade and intercept continuity. The iterative nature of these exploration programs ensures that each phase builds on previous findings, methodically guiding future drilling targets and resource estimation studies.
Industry Terminology and Technical Insights
Understanding the complex geological setting is critical when evaluating exploration companies. The terminology employed, such as fold-thrust sequence, splay structures, and detailed geophysical analysis, emphasizes the technical rigor behind Exploits Discovery’s approach. This precise language is indicative of the Company’s commitment to in-depth exploration and reflects its expertise in interpreting structural geology in a challenging environment.
Neutral Assessment and Information for Investors
Information presented here is curated to provide a neutral, in-depth understanding of Exploits Discovery Corp. Investors and analysts can appreciate the Company's systematic approach to mineral exploration, technological integration, and adherence to stringent quality control protocols. While the emphasis is placed on technical excellence and operational transparency, the narrative is constructed so that its relevancy remains intact for several years without reliance on time-sensitive data.
Conclusion
Exploits Discovery Corp. exemplifies a methodical, data-driven approach to gold exploration. Through a combination of advanced seismic imaging, extensive diamond drilling programs, and precise geological interpretation, the Company reinforces its position within the competitive landscape of mineral exploration in Newfoundland and Labrador. Its integrated methodology, strategic claim locations, and commitment to exploration excellence make it a subject of interest for those seeking to understand the evolving narrative of mineral exploration and the quest for precious metals.
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.
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.
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