Exploits Announces Phase 4 Drilling Plans on Bullseye Gold Property
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) (OTCQB: NFLDF) ha annunciato piani per una campagna di perforazione di Fase 4 sul fianco occidentale della Appleton Fault Zone (AFZ) presso il suo proprietà aurifera Bullseye. Il programma includerà:
1. Esplorazione della sezione occidentale di Bullseye, a nord della zona aurifera K2 di New Found Gold Corp.
2. Perforazione lungo la sezione occidentale dell'AFZ su Bullseye.
3. Perforazione ad alta priorità nella Saddle Zone, seguendo i precedenti risultati ad alto grado.
4. Circa 2.500 m di perforazione.
La proprietà Bullseye, di cui possiede il 100% e completamente autorizzata per le perforazioni fino al 2024, copre un segmento di 1,2 chilometri dell'AFZ. Le passate perforazioni nella Saddle Zone hanno fornito risultati significativi, inclusi 254,00 g/t su 0,80 m e 20,92 g/t su 0,60 m di lunghezza di nucleo.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) ha anunciado planes para una campaña de perforación de Fase 4 en la flanco occidental de la Appleton Fault Zone (AFZ) en su propiedad de oro Bullseye. El programa incluirá:
1. Exploración de la sección oeste de Bullseye, al norte de la zona de oro K2 de New Found Gold Corp.
2. Perforación a lo largo de la sección oeste de la AFZ en Bullseye.
3. Perforación de alta prioridad en la Saddle Zone, siguiendo los anteriores interceptos de alta ley.
4. Aproximadamente 2,500 m de perforación.
La propiedad Bullseye, de la que posee el 100% y totalmente autorizada para perforar durante 2024, abarca un segmento de 1,2 kilómetros de la AFZ. Las perforaciones anteriores en la Saddle Zone arrojaron resultados significativos, incluyendo 254.00 g/t sobre 0.80 m y 20.92 g/t sobre 0.60 m de longitud de núcleo.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF)는 4단계 시추 캠페인을 Appleton Fault Zone (AFZ)의 서쪽 측면에서 자사의 Bullseye 금재산에 대해 계획하고 있다고 발표했습니다. 이 프로그램은 다음을 포함합니다:
1. New Found Gold Corp.의 K2 금지구 북쪽에 위치한 Bullseye의 서부 섹션 탐사.
2. Bullseye의 AFZ 서부 섹션에 대한 시추.
3. 높은 등급의 인터셉트를 따른 Saddle Zone의 고우선 시추.
4. 약 2,500m의 시추 작업.
Bullseye 재산은 100% 소유하고 있으며 2024년까지 시추가 전면 허가되어 있으며, AFZ의 1.2킬로미터 구간을 포함합니다. Saddle Zone의 이전 시추는 0.80m에서 254.00 g/t 및 0.60m에서 20.92 g/t의 중요한 결과를 보여주었습니다.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) a annoncé des plans pour une campagne de forage de Phase 4 sur le flanc ouest de la Appleton Fault Zone (AFZ) sur sa propriété aurifère Bullseye. Le programme comprendra :
1. Exploration de la section ouest de Bullseye, au nord de la zone aurifère K2 de New Found Gold Corp.
2. Forage le long de la section ouest de l'AFZ sur Bullseye.
3. Forage de haute priorité dans la Saddle Zone, à la suite des précédents intercepts de haute teneur.
4. Environ 2 500 m de forage.
La propriété Bullseye, détenue à 100 % et entièrement autorisée pour les forages jusqu'en 2024, englobe un segment de 1,2 kilomètre de l'AFZ. Les forages antérieurs dans la Saddle Zone ont donné des résultats significatifs, y compris 254,00 g/t sur 0,80 m et 20,92 g/t sur 0,60 m de longueurs de carottage.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) hat Pläne für eine Phase 4 Bohrkampagne am westlichen Rand der Appleton Fault Zone (AFZ) an ihrem Bullseye Gold-Property angekündigt. Das Programm wird Folgendes beinhalten:
1. Erkundung des westlichen Abschnitts von Bullseye, nördlich der K2 Goldzone von New Found Gold Corp.
2. Bohrungen entlang des westlichen Abschnitts der AFZ auf Bullseye.
3. Bohrungen mit hoher Priorität in der Saddle Zone, als Follow-up zu früheren hochgradigen Intervallen.
4. Ungefähr 2.500 m Bohrungen.
Die Bullseye-Immobilie, die zu 100% im Besitz ist und für Bohrungen bis 2024 vollständig genehmigt ist, umfasst ein 1,2 Kilometer langes Segment der AFZ. Frühere Bohrungen in der Saddle Zone haben bedeutende Ergebnisse ergeben, darunter 254,00 g/t über 0,80 m und 20,92 g/t über 0,60 m Kernlängen.
- Fully permitted for drilling throughout 2024
- Previous high-grade gold intercepts: 254.00 g/t over 0.80 m and 20.92 g/t over 0.60 m
- Strategic location adjacent to New Found Gold Corp.'s Queensway project
- Exploration of previously untested west side of the Appleton Fault Zone
- None.
Toronto, Ontario--(Newsfile Corp. - October 10, 2024) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to announce its plans for the inaugural drilling campaign of the western flank of the Appleton Fault Zone ("AFZ") at the Bullseye gold property ("Bullseye" or the "Property"). This program will also include a follow-up drill campaign at the Saddle Zone. Bullseye is strategically located immediately north of New Found Gold Corp.'s ("NFG") Queensway claims and encompasses a 1.2-kilometre segment of the AFZ. Within this segment, Exploits has successfully identified localized clusters of mineralized and visible gold (VG)-bearing quartz veins at the Horseshoe and Saddle targets, both situated on the Property. Bullseye is
Highlights:
- This results-driven program focuses on:
- The west section of the Bullseye property, located north of NFG's K2 gold zone.
- Along the west section of the AFZ on Bullseye.
- High-priority drilling at the Saddle Zone, following up on assay results from drill holes BE-24-015 (254.00 g/t over 0.80 m core length) and BE-24-21 (20.92 g/t over 0.60 m core length). See press releases July 15, 2024 and August 13, 2024.
- Drill program will consist of approximately 2,500 m of drilling.
Jeff Swinoga, President and CEO, comments, "We are excited to commence our latest drilling program on the Bullseye property. This initiative will explore the previously untested west side of the Apple Fault Zone as well as potentially extend our recent Saddle Zone gold discovery where we had an amazing gold intercept of 67.55 g/t over 3.30 metres. These areas hold significant potential, and we are eager to uncover new opportunities for growth and value creation for our stakeholders."
Figure 1: Bullseye property Phase 4 drilling target areas.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6393/226256_dcdc5508145d2bd1_002full.jpg
Figure 2: Photographs of drill core from hole BE-24-015 at the Saddle Zone, showing 67.55 g/t Au over 3.30 metres with visible gold, including 254.08 g/t Au over 0.80 metres. (see news release dated July 15, 2024)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6393/226256_exploits_figure2_550.jpg
Exploits' Interpretation of Bullseye's Potential to Host Local High-Grade Gold Mineralization:
Mineralization at Bullseye is hosted within a fold-thrust sequence of northeast-striking, steeply dipping sediments. These rocks were deposited and deformed during the closure of the Iapetus Ocean and subsequent continent-continent collision. The AFZ is a regional scale deformation zone that developed during this period. The AFZ likely serves as the primary conduit for the late-stage fluids that appear to have contributed to the numerous gold showings discovered in the vicinity. Numerous secondary brittle faults surrounding the AFZ form a structurally complex network hosting local gold-enriched quartz veins.
Bullseye Gold Property
The Bullseye claims were staked by Exploits in September 2022 and are contiguous to NFG's Queensway project. The Company believes these claims are highly prospective because they directly overlay a 1,200 by 800 metre segment of the AFZ and its related splay structures.
National Instrument 43-101 Disclosure
Ken Tylee, P.Geo., VP of Exploration with Exploits, is a qualified person within the Provinces of Ontario and Newfoundland and Labrador as defined by NI 43-101 standards. Mr. Tylee has reviewed and approved the technical information presented herein.
About Exploits Discovery Corp.
Exploits is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland and Labrador, Canada. Exploits is utilizing its experienced, talented local team and geologic understanding with the vision to become one of the most successful explorers in Canada.
On Behalf of the Board
/s/ "Jeff Swinoga"
President and CEO
For more information, please contact:
Shanda Kilborn
VP, Corporate Development & Investor Relations
+1 (778) 819-2708
shanda@exploits.gold
https://exploitsdiscovery.com
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
Acknowledgments
Exploits Discovery would like to acknowledge the financial support of the Junior Exploration Assistance Program from the Department of Natural Resources, Government of Newfoundland and Labrador.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226256
FAQ
What is the focus of Exploits Discovery Corp.'s Phase 4 drilling program on the Bullseye gold property (NFLDF)?
How many meters of drilling are planned for Exploits Discovery Corp.'s Phase 4 program at Bullseye (NFLDF)?
What were the significant gold intercepts from previous drilling at the Saddle Zone on Exploits Discovery Corp.'s Bullseye property (NFLDF)?
When is Exploits Discovery Corp. (NFLDF) permitted to conduct drilling on the Bullseye gold property?
