Exploits Announces Remaining Drilling Results from Phase 4 Drilling at Bullseye
Exploits Discovery Corp (OTCQB: NFLDF) has announced results from its Phase 4 drilling campaign at the Bullseye property. The program successfully confirmed gold mineralization continuation at the Saddle Zone, with a notable intercept of 25.36 g/t gold over 1.60 metres extending the Horseshoe Zone at depth.
The company has completed 20,000 metres of drilling at Bullseye, identifying two high-grade gold zones: Horseshoe and Saddle. The property's strategic location includes 10+ km of contiguous claims along the Appleton Fault Zone, adjacent to New Found Gold Corp's recently announced resource. Notable drill results include intersections of 4.65 g/t gold over 0.55 metres and 2.02 g/t gold over 1.00 metres.
Exploits maintains a strong financial position with over $4 million in cash and no debt, positioning the company for continued exploration advancement.
Exploits Discovery Corp (OTCQB: NFLDF) ha annunciato i risultati della sua campagna di perforazioni di Fase 4 presso la proprietà Bullseye. Il programma ha confermato con successo la persistenza della mineralizzazione aurifera nella Saddle Zone, con un significativo intervallo di 25,36 g/t di oro su 1,60 metri che estende in profondità la Horseshoe Zone.
L'azienda ha completato 20.000 metri di perforazioni a Bullseye, individuando due zone aurifere ad alta concentrazione: Horseshoe e Saddle. La posizione strategica della proprietà comprende oltre 10 km di concessioni contigue lungo la Appleton Fault Zone, adiacente alla risorsa recentemente annunciata da New Found Gold Corp. Tra i risultati degni di nota figurano intersezioni di 4,65 g/t di oro su 0,55 metri e 2,02 g/t di oro su 1,00 metro.
Exploits mantiene una solida posizione finanziaria con oltre 4 milioni di dollari in contanti e nessun debito, posizionando l'azienda per un continuo avanzamento nell'esplorazione.
Exploits Discovery Corp (OTCQB: NFLDF) ha anunciado los resultados de su campaña de perforación de Fase 4 en la propiedad Bullseye. El programa confirmó con éxito la continuidad de la mineralización de oro en la Zona Saddle, con una intersección destacada de 25,36 g/t de oro sobre 1,60 metros que extiende la Zona Horseshoe en profundidad.
La compañía ha completado 20.000 metros de perforación en Bullseye, identificando dos zonas de oro de alta ley: Horseshoe y Saddle. La ubicación estratégica de la propiedad incluye más de 10 km de concesiones contiguas a lo largo de la Appleton Fault Zone, adyacente al recurso anunciado recientemente por New Found Gold Corp. Resultados notables de perforación incluyen intersecciones de 4,65 g/t de oro sobre 0,55 metros y 2,02 g/t de oro sobre 1,00 metro.
Exploits mantiene una sólida posición financiera con más de 4 millones de dólares en efectivo y sin deuda, posicionando a la compañía para continuar avanzando en la exploración.
Exploits Discovery Corp (OTCQB: NFLDF)는 Bullseye 광산에서 진행한 4단계 시추 캠페인 결과를 발표했습니다. 이번 프로그램은 Saddle Zone에서 금 광물화가 계속됨을 성공적으로 확인했으며, 1.60미터 구간에서 25.36 g/t 금의 주목할 만한 시추 결과로 Horseshoe Zone의 심부 확장을 입증했습니다.
회사는 Bullseye에서 총 20,000미터의 시추를 완료했으며, 고등급 금 광구 두 곳인 Horseshoe와 Saddle를 확인했습니다. 이 광산의 전략적 위치는 New Found Gold Corp가 최근 발표한 자원 인접지인 Appleton Fault Zone을 따라 10km 이상의 연속된 광구를 포함합니다. 주목할 만한 시추 결과로는 0.55미터 구간에서 4.65 g/t 금, 1.00미터 구간에서 2.02 g/t 금이 있습니다.
Exploits는 400만 달러 이상의 현금 보유과 무부채 상태를 유지하며, 지속적인 탐사 진전을 위한 탄탄한 재무 기반을 갖추고 있습니다.
Exploits Discovery Corp (OTCQB : NFLDF) a annoncé les résultats de sa campagne de forage de phase 4 sur la propriété Bullseye. Le programme a confirmé avec succès la continuité de la minéralisation aurifère dans la Saddle Zone, avec une interception notable de 25,36 g/t d’or sur 1,60 mètre prolongeant la zone Horseshoe en profondeur.
La société a achevé 20 000 mètres de forage à Bullseye, identifiant deux zones aurifères à haute teneur : Horseshoe et Saddle. L’emplacement stratégique de la propriété comprend plus de 10 km de concessions contiguës le long de la Appleton Fault Zone, adjacente à la ressource récemment annoncée par New Found Gold Corp. Parmi les résultats de forage notables figurent des intersections de 4,65 g/t d’or sur 0,55 mètre et 2,02 g/t d’or sur 1,00 mètre.
Exploits maintient une solide position financière avec plus de 4 millions de dollars en liquidités et aucune dette, positionnant la société pour poursuivre ses avancées en exploration.
Exploits Discovery Corp (OTCQB: NFLDF) hat Ergebnisse seiner Bohrkampagne der Phase 4 auf dem Bullseye-Grundstück bekannt gegeben. Das Programm bestätigte erfolgreich die Fortsetzung der Goldmineralisierung in der Saddle Zone mit einem bemerkenswerten Abschnitt von 25,36 g/t Gold über 1,60 Meter, der die Horseshoe Zone in der Tiefe erweitert.
Das Unternehmen hat 20.000 Meter Bohrungen auf Bullseye abgeschlossen und dabei zwei hochgradige Goldzonen identifiziert: Horseshoe und Saddle. Die strategische Lage des Grundstücks umfasst über 10 km zusammenhängende Claims entlang der Appleton Fault Zone, angrenzend an die kürzlich von New Found Gold Corp angekündigte Ressource. Bemerkenswerte Bohrergebnisse beinhalten Abschnitte von 4,65 g/t Gold über 0,55 Meter und 2,02 g/t Gold über 1,00 Meter.
Exploits verfügt über eine starke finanzielle Position mit über 4 Millionen US-Dollar in bar und keiner Verschuldung, was das Unternehmen für die weitere Exploration gut aufstellt.
- Significant high-grade gold intercept of 25.36 g/t over 1.60 metres at Horseshoe Zone
- Successful identification of two high-grade gold zones (Horseshoe and Saddle)
- Strong financial position with $4+ million cash and zero debt
- Strategic 10+ km land position along prospective Appleton Fault Zone
- Most reported drill intersections show relatively narrow mineralized intervals (<1.25m)
- Several drill holes returned low-grade results (<1 g/t Au)
Toronto, Ontario--(Newsfile Corp. - April 17, 2025) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to report its assay results from the remaining diamond drill holes completed this winter on its Bullseye property (see Table 1 below). The holes drilled in 2025 were designed to both follow up and extend mineralization at the Saddle Zone, as well as test for additional gold mineralization and prospective structures related to the western flank of the Appleton Fault Zone ("AFZ").
Jeff Swinoga, President and CEO, comments, "We are encouraged by the latest drill results, which confirm the continuation of the gold mineralization at the Saddle Zone, extending northward on our Bullseye property. These results mark the successful completion of our fourth drill campaign at Bullseye, which also include a standout intercept of 25.36 g/t gold over 1.60 metres, further extending the Horseshoe Zone at depth.
"With 20,000 metres of drilling completed to date at Bullseye, we've identified two high-grade gold zones: Horseshoe and Saddle. The recently announced resource by New Found Gold Corp. ("NFG") - spanning a 5 km stretch immediately south of our Bullseye property - further highlights the significant potential of our 10+ km of contiguous claims along the highly prospective Appleton Fault Zone. Looking ahead, the Company is well-positioned for continued advancement, with over
Figure 1: Plan map of drilling at the Bullseye property. Drill results from this release are shown in yellow text.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6393/248837_18c95aee14d4e93a_002full.jpg
Figure 2: Simplified cross section (looking west) of Phase 4 drilling at the Bullseye property. This campaign tested each of the three areas (West, Saddle, Horseshoe, separated by dashed-lines) suggested by Company's 2024 intensive rate-rank study. The plotted large discs indicate assay values (Au g/t) from current release; the smaller discs from past releases.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6393/248837_18c95aee14d4e93a_003full.jpg
Table 1: Select drill core assays.
| 2025 Bullseye Drilling - Selected Assays | |||||||
| Hole ID | From (m) | To (m) | Length (m) | Vertical Depth (m) | Analysis Type | Au Assay (ppb)* | Au Assay (g/t) |
| BE-25-001 | 44.30 | 45.00 | 0.70 | ~34m | FA | 470.00 | 0.47 |
| BE-25-002 | 287.25 | 287.85 | 0.60 | ~205m | FA | 466.00 | 0.47 |
| AND | 289.50 | 290.25 | 0.75 | ~207m | FA | 592.00 | 0.59 |
| BE-25-003 | 18.20 | 19.20 | 1.00 | ~20m | FA | 2,015.00 | 2.02 |
| AND | 286.30 | 287.00 | 0.70 | ~253m | FA | 950.00 | 0.95 |
| BE-25-004 | 145.45 | 146.00 | 0.55 | ~124m | FA | 4,645.00 | 4.65 |
| AND | 153.25 | 154.35 | 1.10 | ~130m | FA | 512.00 | 0.51 |
| AND | 159.75 | 160.65 | 0.90 | ~137m | FA | 2,772.00 | 2.77 |
| AND | 161.35 | 162.45 | 1.10 | ~139m | FA | 1,301.00 | 1.30 |
| BE-25-005 | 281.00 | 282.25 | 1.25 | ~198m | FA | 573.00 | 0.57 |
| *Assays reported direct from lab certificate. Screen-Met samples are 'Weighted Averaged ppb' as calculated from lab | |||||||
| **All intersections are core intervals and do not represent true thickness | |||||||
Table 2: Drill collar data.
| Bullseye - Collar Information for Reported Drill Holes | ||||||
| Hole ID | Easting | Northing | Elevation (m) | Azimuth | Dip | Length (m) |
| BE-25-001 | 659683 | 5431044 | 37 | 280 | -45 | 301 |
| BE-25-002 | 659858 | 5430811 | 43 | 300 | -45 | 302 |
| BE-25-003 | 659686 | 5430796 | 44 | 320 | -65 | 350 |
| BE-25-004 | 659765 | 5430625 | 46 | 305 | -60 | 302 |
| BE-25-005 | 659786 | 5430612 | 51 | 270 | -50 | 299 |
| Coordinates Reported in NAD-83 | ||||||
Bullseye Gold Property
The Bullseye claims were staked by Exploits in September 2022 and are contiguous to NFG's Queensway and Kingsway projects. The Company considers these to be highly prospective because geological interpretation shows they directly overlay a 1,200 by 800 metres segment of the AFZ and its related splay structures.
Quality Assurance - Quality Control ("QA/QC")
All prospective NQ core is logged and delineated for sampling by an Exploits' professional geologist. The core is subsequently halved by a diamond-bladed core saw by the Company's technicians, with one half being placed in a bag with a unique sample identification. The remaining half core is retained within the Company's secure storage facility in Gander, NL. Sample bags are sealed and then shipped directly to Eastern Analytical Ltd. Certified standards and blanks are inserted at defined intervals following the Company's QA/QC documented procedures, representing approximately
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 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/248837
FAQ
What are the latest gold drilling results for Exploits Discovery (NFLDF) at Bullseye?
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What is the current cash position of Exploits Discovery (NFLDF)?
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What is the size of NFLDF's land position along the Appleton Fault Zone?
