Exploits' Gazeebow South Follow-Up Tills Program Shows High Gold Grain Counts Along the Appleton Fault Zone
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. (NFLDF) ha annunciato i risultati del suo programma di campionamento del till 2024 presso la proprietà Gazeebow South lungo la Appleton Fault Zone nel centro di Terranova. Il programma ha rivelato conteggi di granuli d'oro elevati fino a 14 volte superiori ai livelli di fondo locali, con campioni raccolti a una distanza di 100 x 100 metri.
I risultati chiave includono numerosi campioni con conteggi significativi di granuli d'oro:
- 73 Granuli d'Oro Totali (26% Pristine, 52% Modified)
- 84 Granuli d'Oro Totali (11% Pristine, 18% Modified)
- 67 Granuli d'Oro Totali (7% Pristine, 19% Modified)
- 55 Granuli d'Oro Totali (5% Pristine, 33% Modified)
La proprietà copre oltre 8 chilometri della Appleton Fault Zone settentrionale ed è situata a circa 17 km a nord-est delle scoperte Keats e Iceberg di New Found Gold. I modelli di deformazione osservati somigliano a quelli delle scoperte d'oro ad alto grado di New Found Gold, suggerendo un potenziale su scala distrettuale.
Exploits Discovery Corp. (NFLDF) ha anunciado los resultados de su programa de muestreo de till 2024 en la propiedad Gazeebow South a lo largo de la Appleton Fault Zone en el centro de Terranova. El programa reveló cuentas de granos de oro elevadas hasta 14 veces mayores que los niveles de fondo locales, con muestras recogidas a una distancia de 100 x 100 metros.
Los hallazgos clave incluyen múltiples muestras con conteos significativos de granos de oro:
- 73 Granos de Oro Totales (26% Prístino, 52% Modificado)
- 84 Granos de Oro Totales (11% Prístino, 18% Modificado)
- 67 Granos de Oro Totales (7% Prístino, 19% Modificado)
- 55 Granos de Oro Totales (5% Prístino, 33% Modificado)
La propiedad abarca más de 8 kilómetros de la Appleton Fault Zone norte y se encuentra aproximadamente a 17 km al noreste de los descubrimientos Keats e Iceberg de New Found Gold. Los patrones de deformación observados son similares a los de los descubrimientos de oro de alta ley de New Found Gold, sugiriendo un potencial a escala distrital.
Exploits Discovery Corp. (NFLDF)는 중앙 뉴펀들랜드의 애플턴 단층대에 위치한 가제보 사우스(Gazeebow South) 부지에서 2024년 틸 샘플링 프로그램 결과를 발표했습니다. 이 프로그램은 지역 배경 수준보다 최대 14배 높은 금 입자 수치를 나타냈습니다, 샘플은 100 x 100 미터 간격으로 수집되었습니다.
주요 발견 사항에는 상당한 금 입자 수치를 가진 여러 샘플이 포함됩니다:
- 총 금 입자 73개 (26% 원형, 52% 수정됨)
- 총 금 입자 84개 (11% 원형, 18% 수정됨)
- 총 금 입자 67개 (7% 원형, 19% 수정됨)
- 총 금 입자 55개 (5% 원형, 33% 수정됨)
이 부지는 북부 애플턴 단층대의 8킬로미터 이상을 포함하고 있으며, 뉴 파운드 골드의 키츠(Keats) 및 아이스버그(Iceberg) 발견지에서 약 17km 북동쪽에 위치하고 있습니다. 관찰된 변형 패턴은 뉴 파운드 골드의 고급 금 발견과 유사하며, 이는 지역 규모의 잠재력을 시사합니다.
Exploits Discovery Corp. (NFLDF) a annoncé les résultats de son programme d'échantillonnage de till 2024 sur la propriété Gazeebow South le long de la zone de faille d'Appleton dans le centre de Terre-Neuve. Le programme a révélé des comptages de grains d'or élevés allant jusqu'à 14 fois supérieurs aux niveaux de fond locaux, avec des échantillons collectés à une distance de 100 x 100 mètres.
Les résultats clés comprennent plusieurs échantillons avec des comptages significatifs de grains d'or :
- 73 Grains d'Or Totaux (26% Pristine, 52% Modifié)
- 84 Grains d'Or Totaux (11% Pristine, 18% Modifié)
- 67 Grains d'Or Totaux (7% Pristine, 19% Modifié)
- 55 Grains d'Or Totaux (5% Pristine, 33% Modifié)
La propriété couvre plus de 8 kilomètres de la zone de faille d'Appleton au nord et est située à environ 17 km au nord-est des découvertes Keats et Iceberg de New Found Gold. Les motifs de déformation observés ressemblent à ceux des découvertes d'or à haute teneur de New Found Gold, suggérant un potentiel à l'échelle du district.
Exploits Discovery Corp. (NFLDF) hat die Ergebnisse seines Till-Probenprogramms 2024 im Gazeebow South-Gelände entlang der Appleton Fault Zone im zentralen Neufundland bekannt gegeben. Das Programm zeigte erhöhte Goldkornzahlen, die bis zu 14 Mal höher sind als die lokalen Hintergrundwerte, mit Proben, die im Abstand von 100 x 100 Metern entnommen wurden.
Wichtige Ergebnisse umfassen mehrere Proben mit signifikanten Goldkornzahlen:
- 73 Gesamte Goldkörner (26% unberührt, 52% modifiziert)
- 84 Gesamte Goldkörner (11% unberührt, 18% modifiziert)
- 67 Gesamte Goldkörner (7% unberührt, 19% modifiziert)
- 55 Gesamte Goldkörner (5% unberührt, 33% modifiziert)
Das Grundstück erstreckt sich über mehr als 8 Kilometer der nördlichen Appleton Fault Zone und liegt etwa 17 km nordöstlich von New Found Golds Entdeckungen Keats und Iceberg. Die beobachteten Deformationsmuster ähneln denen der hochgradigen Goldentdeckungen von New Found Gold, was auf ein Potenzial im Maßstab des gesamten Gebiets hinweist.
- Gold grain counts up to 14x higher than background levels
- Property covers strategic 8.4km segment of Appleton Fault Zone
- Multiple anomalous gold grain zones identified
- Location near existing high-grade gold discoveries
- Early-stage exploration with no confirmed mineral deposits
- Results to surface sampling, no drilling data
Toronto, Ontario--(Newsfile Corp. - February 28, 2025) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to announce the results from its 2024 till sampling program conducted on its
Highlights Include:
The 2024 tills program at the Gazeebow South property was planned to follow-up on areas that produced the highest gold grain counts, proximal to the interpreted extension of the Appleton Fault Zone, identified by 2023 sampling.
Sampling along the Appleton Fault Zone continues to show elevated gold grain counts; reaching up to 14 times greater than the local area's background levels.
Infill sampling for the 2024 program was conducted at 100 x 100 metre spacing.
Significant gold grain counts from this program include:
55 Total Gold Grains of which 16 grains (
29% ) are classified as 'Pristine' and 6 grains (11% ) are classified as 'Modified'73 Total Gold Grains of which 19 grains (
26% ) are classified as 'Pristine' and 38 grains (52% ) are classified as 'Modified'84 Total Gold Grains of which 9 grains (
11% ) are classified as 'Pristine' and 15 grains (18% ) are classified as 'Modified'67 Total Gold Grains of which 5 grains (
7% ) are classified as 'Pristine' and 13 grains (19% ) are classified as 'Modified'55 Total Gold Grains of which 3 grains (
5% ) are classified as 'Pristine' and 18 grains (33% ) are classified as 'Modified'
Jeff Swinoga, President and CEO, stated, "We are highly encouraged by the latest results from our till survey program at our large Gazeebow South property which covers over 8 kilometres of the northern Appleton Fault Zone. These findings reinforce the presence of multiple anomalous gold grain zones and strengthen our confidence that gold mineralization extends northward along the Appleton Fault Zone. In addition, previous airborne LiDAR and magnetics surveys have identified a complex network of structural disruptions and braided splays along the Appleton Fault Zone. The deformation patterns observed in the local bedrock closely resemble those seen at New Found Gold's high-grade gold discoveries within the Queensway North project, approximately 17 kilometres to the south, highlighting the district-scale potential of this region in Central Newfoundland."
Ottawa-based Overburden Drilling Management ("ODM") was retained to process the till samples, extract and describe the gold grains. Mike Michaud P.Geo., Vice President of ODM commented, "The till sample processing to date has identified a property background of 0 to 10 pristine + modified gold grains per sample in the survey area on the Gazeebow South property. ODM considers till samples to be anomalous if they yield at least two to three times background levels. Samples in three discrete areas meet this anomaly threshold ranging up to 14 times background of total gold grains. Many of the anomalous gold grain counts have been corroborated by neighbouring samples with anomalous or elevated counts."
Figure 1: Overview map of the Gazeebow South property. Diamonds represent till sample total gold grain counts; areas of anomalous (elevated) till samples are outlined in grey.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6393/242763_3e109d0724020a3c_002full.jpg
Figure 2: Property map of the Gazeebow South property displaying multiple areas of anomalous total gold grain counts (highlighted in grey) located proximal to the interpreted extension of the Appleton Fault Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6393/242763_3e109d0724020a3c_003full.jpg
Figure 3: Detailed map of the 2024 Gazeebow South tills infill program. Samples from the 2024 program are indicated by bold outlined diamonds and were collected at 100 x 100 metre spacing. Gaps in the sampling are due to unsuitable ground conditions for reliable tills.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6393/242763_3e109d0724020a3c_004full.jpg
Gazeebow Gold Property
The Gazeebow mineral licenses were staked by Exploits in October 2022 based on the interpreted extension of an approximately 8.4 kilometer segment of the Appleton Fault Zone, and its related splay structures, that transect the property. This extensive property is located approximately 20 km north from the town of Gander within central Newfoundland and sits approximately 17 km to the northeast of NFG's recent Keats and Iceberg high-grade gold discoveries.
Quality Assurance - Quality Control ("QA/QC")
Till sampling programs are consistent with NI 43-101 and CIM best practices. Till samples are collected from hand-dug pits that extend down to the C-Soil horizon, approximately 1 - 2 metres deep. Approximately 12 kilograms of sample material is sieved through -8milimetre (1/4") mesh and placed in a sample bag with unique sample tag. All sampling equipment is thoroughly cleaned between samples.
Till samples are processed by Overburden Drilling Management of Nepean, Ontario. ODM uses custom gravity concentration including shaking tables and micro-panning of the resulting heavy mineral concentrates to recover gold grains from the samples. Any gold grains present are extracted for microscopic study to determine the morphology and dimensions of the grains.
National Instrument 43-101 Disclosure
Nick Ryan, P.Geo., Exploration Manager with Exploits, is a qualified person within the Province of Newfoundland and Labrador as defined by NI 43-101 standards. Mr. Ryan 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/242763
FAQ
What are the latest gold grain count results from NFLDF's Gazeebow South property?
Where is NFLDF's Gazeebow South property located relative to other discoveries?
What is the significance of the 2024 till sampling results for NFLDF?
How extensive is NFLDF's Gazeebow South property coverage along the Appleton Fault Zone?
