Exploits' New High-Grade Drill Results Confirm Down-Dip Continuity of Saddle Zone
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) ha riportato risultati promettenti dalle analisi dell'oro della sua recente campagna di perforazione diamantina nella Saddle Zone all'interno della proprietà Bullseye. I dati più recenti provenienti da sei perforazioni aggiuntive confermano molti intercepts d'oro superiori a 10 g/t Au, in correlazione con l'oro visibile osservato nel nucleo di perforazione. I punti salienti includono:
- BE-24-021: 16.32 g/t Au su 0.65 m e 20.92 g/t Au su 0.60 m
- BE-24-020: 12.65 g/t Au su 1.30 m, inclusi 20.67 g/t Au da un campione di 0.55 m
- BE-24-016: 4.43 g/t Au su 0.80 m e 1.48 g/t Au su 3.90 m
La Saddle Zone rimane aperta in tutte le direzioni, con tre ulteriori perforazioni che devono ancora essere riportate da questo programma di perforazione mirato della Fase 3. La società sta utilizzando un consulente per il televiewer in foro per aiutare nella progettazione dei piani di perforazione successivi.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) ha reportado resultados de análisis de oro alentadores de su reciente campaña de perforación con diamante en la zona Saddle dentro de la propiedad Bullseye. Los últimos datos de seis perforaciones adicionales confirman múltiples interceptos de oro que superan los 10 g/t Au, correlacionándose con oro visible observado en el núcleo de perforación. Los aspectos destacados incluyen:
- BE-24-021: 16.32 g/t Au sobre 0.65 m y 20.92 g/t Au sobre 0.60 m
- BE-24-020: 12.65 g/t Au sobre 1.30 m, incluyendo 20.67 g/t Au de una muestra de 0.55 m
- BE-24-016: 4.43 g/t Au sobre 0.80 m y 1.48 g/t Au sobre 3.90 m
La zona Saddle sigue abierta en todas las direcciones, con tres perforaciones más que aún están por reportarse de este programa de perforación focalizado de la Fase 3. La empresa está utilizando un consultor de televisor de pozo para ayudar en el diseño de los planes de perforación de seguimiento.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF)는 Bullseye 부지 내 Saddle Zone에서 최근 다이아몬드 드릴링 캠페인에서 유망한 금 광석 분석 결과를 보고했습니다. 여섯 개의 추가 드릴 홀에서의 최신 데이터는 10 g/t Au를 초과하는 다수의 금 인터셉트를 확인하며, 드릴 코어에서 관찰된 가시 금과 관련이 있습니다. 하이라이트는 다음과 같습니다:
- BE-24-021: 0.65 m에서 16.32 g/t Au 및 0.60 m에서 20.92 g/t Au
- BE-24-020: 1.30 m에서 12.65 g/t Au, 포함된 0.55 m 샘플에서 20.67 g/t Au
- BE-24-016: 0.80 m에서 4.43 g/t Au 및 3.90 m에서 1.48 g/t Au
Saddle zone은 모든 방향으로 열려 있어, 이 3단계 목표 드릴 프로그램에서 보고되지 않은 세 개의 드릴 홀을 추가로 가지고 있습니다. 회사는 후속 드릴 계획의 설계를 도와주기 위해 다운홀 텔레뷰어 컨설턴트를 활용하고 있습니다.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) a rapporté des résultats d'analyse d'or encourageants issus de sa récente campagne de forage diamant dans la zone Saddle au sein de la propriété Bullseye. Les dernières données de six forages supplémentaires confirment plusieurs intercepts d'or dépassant 10 g/t Au, en corrélation avec l'or visible observé dans le carottage. Les points forts incluent :
- BE-24-021 : 16,32 g/t Au sur 0,65 m et 20,92 g/t Au sur 0,60 m
- BE-24-020 : 12,65 g/t Au sur 1,30 m, incluant 20,67 g/t Au d'un échantillon de 0,55 m
- BE-24-016 : 4,43 g/t Au sur 0,80 m et 1,48 g/t Au sur 3,90 m
La zone Saddle reste ouverte dans toutes les directions, avec trois autres forages devant encore être signalés dans ce programme de forage ciblé de Phase 3. L’entreprise fait appel à un consultant télévieweur de forage pour aider à la conception des plans de forage de suivi.
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) hat ermutigende Goldanalyse-Ergebnisse aus seiner jüngsten Diamantbohrkampagne in der Saddle Zone innerhalb des Bullseye-Geländes gemeldet. Die neuesten Daten von sechs zusätzlichen Bohrlöchern bestätigen mehrere Golddurchschläge über 10 g/t Au, die mit sichtbarem Gold im Bohrkern korrelieren. Zu den Höhepunkten gehören:
- BE-24-021: 16.32 g/t Au über 0.65 m und 20.92 g/t Au über 0.60 m
- BE-24-020: 12.65 g/t Au über 1.30 m, einschließlich 20.67 g/t Au aus einer 0.55 m Probe
- BE-24-016: 4.43 g/t Au über 0.80 m und 1.48 g/t Au über 3.90 m
Die Saddle Zone bleibt in alle Richtungen offen, wobei drei weitere Bohrlöcher aus diesem gezielten Bohrprogramm der Phase 3 noch gemeldet werden müssen. Das Unternehmen nutzt einen Berater für das Tiefenfernsehen, um bei der Planung von Folgebohrungen zu helfen.
- Multiple high-grade gold intercepts exceeding 10 g/t Au confirmed in recent drilling
- Visible gold observed in drill core, correlating with high-grade assays
- Saddle Zone remains open in all directions, indicating potential for expansion
- Company well-funded with large supporting shareholders including Eric Sprott and New Found Gold
- Results are from a number of drill holes and may not be representative of the entire property
- Continuity and economic viability of mineralization yet to be determined
Toronto, Ontario--(Newsfile Corp. - August 13, 2024) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to report encouraging gold assays results from its recent diamond drilling campaign at the Saddle Zone situated within the Company's Bullseye property. The latest assay data, received and verified from six additional drill holes, confirms multiple gold intercepts exceeding 10 g/t Au, correlating with the presence of visible gold ("VG") observed in the drill core.
The Saddle Zone is in the vicinity of the Company's drill hole # BE-23-028, near the Appleton Fault Zone (AFZ) in Central Newfoundland. In 2023, Exploits' drilling program intersected several clusters of quartz veining within an 18 metre interval of core (refer to hole # BE-23-028 assays within a news release dated August 14, 2023). The same quartz vein network appears to have been encountered again in several 2024 drill holes, including BE-24-015 with assay results showing 67.55 g/t Au over 3.30 metres (see news release July 15, 2024), as well as BE-24-016, BE-24-020, and BE-24-021, which were drilled northwest across the path of hole BE-23-028. Drill holes BE-24-018/019 were designed as short 'scout' holes testing a separate set of quartz veins to the east of the mineralized veins intersected in drill holes BE-23-015/016.
Highlights Include:
- BE-24-021:
- Intersected 16.32 g/t Au over 0.65 m core-length, located at a vertical depth of approximately 171 m below surface.
- Intersected 4.80 g/t Au over 0.60 m core-length, located at a vertical depth of approximately 173 m below surface.
- Intersected 20.92 g/t Au over 0.60 m core-length, located at a vertical depth of approximately 178 m below surface. Visible gold noted.
- BE-24-020:
- Intersected 3.12 g/t Au over 1.45 m core-length, located at a vertical depth of approximately 155 m below surface.
- Intersected 12.65 g/t Au over 1.30 m core-length, located at a vertical depth of approximately 252 m below surface. Visible gold noted.
- Including 20.67 g/t Au contribution from a 0.55 m sample
- BE-24-016:
- Intersected 4.43 g/t Au over 0.80 m core-length, located at a vertical depth of approximately 93 m below surface.
- Intersected 1.48 g/t Au over 3.90 m core-length, located at a vertical depth of approximately 134 m below surface. Visible gold noted.
- Including 3.54 g/t Au contribution from a 0.55 m sample.
- Including 2.55 g/t Au contribution from a 0.60 m sample.
- Intersected 1.88 g/t Au over 1.30 m core-length, located at a vertical depth of approximately 138 m below surface.
- Including 2.59 g/t Au contribution from a 0.85 m sample.
- Current interpretation of 2023-2024 logging observations and these assay results suggest that the Saddle zone remains open in all directions.
- There are 3 drill holes left to be reported from this Phase 3 targeted drill program.
Jeff Swinoga, President and CEO, comments, "We are very pleased that these new drill results extend our Saddle gold zone at depth and along strike from our initial results of 67.55 g/t gold over 3.3 metres. It was great to see visible gold in our core once again, this time leading to a pair of assays in the 20-gram range. We have three more drill holes to report for Phase 3 and are currently utilizing a downhole televiewer consultant to assist in designing follow up drill plans. With 10 kms of claims on the Appleton Fault Zone, a talented all local team based in historic Gander, Newfoundland (a 30-minute drive to our project), available infrastructure, well-funded and large supporting shareholders such as Eric Sprott and New Found Gold, our goal is to be the next large successful gold exploration company in the beautiful Province of Newfoundland and Labrador."
Photo A: Select core photos from drill holes BE-24-020 and BE-24-021.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6393/219748_c6d1661094061a45_002full.jpg
Figure 1: Plan map of Bullseye property; recent collars from Phase 3 drilling are shown in red; previously released drill-collars shown in white.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6393/219748_c6d1661094061a45_003full.jpg
Figure 2: Simplified cross section (looking north) of the Phase 3 drilling program undertaken at Bullseye. The plotted large discs with corresponding yellow text indicate assay values (Au g/t) from current release; white text are results from past 2024 releases. The smaller discs indicate previously released assay values encountered in drill hole BE-23-028. (*Previously reported Fire-Assay value in drill hole BE-24-014 returned Screen-Metallic over-limit analysis of 9.92 g/t Au / 0.60m).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6393/219748_c6d1661094061a45_004full.jpg
Table 1: Select drill core assays.
| 2024 Bullseye Drilling - Selected Assays | |||||||||
| Hole ID | From (m) | To (m) | Length (m) | Vertical Depth (m) Below Surface | Analysis Type | Au Assay (ppb)* | Au Assay (g/t) | Au - Weighted Average Grade (g/t) * | Comments |
| BE-24-014 | 176.00 | 176.60 | 0.60 | ~146m | Screen-Met | 9,922.00 | 9.92 | Over-Limit Analysis (Fire Assay previously released) | |
| BE-24-016 | 89.00 | 90.00 | 1.00 | ~75m | Fire Assay | 1,010.00 | 1.01 | ||
| AND | 102.65 | 103.40 | 0.75 | ~86m | Screen-Met | 1,833.00 | 1.83 | ||
| AND | 112.50 | 113.30 | 0.80 | ~93m | Screen-Met | 4,429.00 | 4.43 | ||
| AND | 156.60 | 157.00 | 0.40 | ~125m | Fire Assay | 1,242.00 | 1.24 | 0.95 g/t Au / 1.55m | |
| 157.00 | 158.15 | 1.15 | Fire Assay | 844.00 | 0.84 | ||||
| AND | 166.00 | 167.00 | 1.00 | ~132m | Screen-Met | 1,259.00 | 1.26 | ||
| AND | 167.40 | 167.95 | 0.55 | ~136m | Screen-Met | 3,542.00 | 3.54 | 1.48 g/t Au / 3.90m | |
| 167.95 | 168.40 | 0.45 | Screen-Met | 881.00 | 0.88 | ||||
| 168.40 | 169.00 | 0.60 | Screen-Met | 2,551.00 | 2.55 | VG Noted | |||
| 169.00 | 169.75 | 0.75 | Screen-Met | 785.00 | 0.79 | ||||
| 169.75 | 170.40 | 0.65 | Screen-Met | 944.00 | 0.94 | ||||
| 170.40 | 171.30 | 0.90 | Screen-Met | 766.00 | 0.77 | ||||
| AND | 173.70 | 174.55 | 0.85 | ~138m | Screen-Met | 2,593.00 | 2.59 | 1.88 g/t Au / 1.30m | |
| 174.55 | 175.00 | 0.45 | Screen-Met | 529.00 | 0.53 | ||||
| BE-24-017 | 262.80 | 263.80 | 1.00 | ~200m | Screen-Met | 1,744.00 | 1.74 | 1.20 g/t Au / 1.90m | |
| 263.80 | 264.70 | 0.90 | Screen-Met | 595.00 | 0.60 | ||||
| BE-24-018 | NSV | ||||||||
| BE-24-019 | NSV | ||||||||
| BE-24-020 | 161.15 | 162.00 | 0.85 | ~124m | Screen-Met | 2,916.00 | 2.92 | 1.92 g/t Au / 1.95m | VG Noted |
| 162.00 | 163.10 | 1.10 | Screen-Met | 1,142.00 | 1.14 | ||||
| AND | 194.25 | 195.20 | 0.95 | ~146m | Screen-Met | 796.00 | 0.80 | ||
| AND | 207.95 | 209.40 | 1.45 | ~155m | Screen-Met | 3,115.00 | 3.12 | ||
| AND | 349.45 | 350.00 | 0.55 | ~246m | Screen-Met | 2,231.00 | 2.23 | ||
| AND | 355.20 | 356.00 | 0.80 | ~251m | Screen-Met | 564.00 | 0.56 | ||
| AND | 356.70 | 357.25 | 0.55 | ~252m | Screen-Met | 20,666.00 | 20.67 | 12.65 g/t Au/ 1.30m | VG Noted |
| 357.25 | 358.00 | 0.75 | Screen-Met | 6,770.00 | 6.77 | ||||
| BE-24-021 | 173.80 | 174.20 | 0.40 | ~119m | Fire Assay | 1,469.00 | 1.47 | ||
| AND | 177.90 | 178.30 | 0.40 | ~122m | Fire Assay | 1,838.00 | 1.84 | ||
| AND | 251.80 | 252.45 | 0.65 | ~171m | Fire Assay | 16,320.00 | 16.32 | Pending Over-Limit Analysis | |
| AND | 253.25 | 253.85 | 0.60 | ~173m | Fire Assay | 4,803.00 | 4.80 | ||
| AND | 262.40 | 263.20 | 0.80 | ~176m | Fire Assay | 971.00 | 0.97 | ||
| AND | 263.80 | 264.40 | 0.60 | ~178m | Screen-Met | 20,920.00 | 20.92 | VG Noted | |
| AND | 267.20 | 268.00 | 0.80 | ~180m | Screen-Met | 1,814.00 | 1.81 | ||
| *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-24-016 | 659746 | 5430538 | 49 | 270 | -49 | 300 |
| BE-24-017 | 659783 | 5430453 | 59 | 300 | -59 | 355 |
| BE-24-018 | 659785 | 5430464 | 58 | 130 | -58 | 52 |
| BE-24-019 | 659785 | 5430464 | 58 | 130 | -58 | 61 |
| BE-24-020 | 659788 | 5430454 | 47 | 315 | -47 | 367 |
| BE-24-021 | 659794 | 5430526 | 55 | 270 | -55 | 301 |
| Coordinates Reported in NAD-83 | ||||||
Bullseye Gold Property
The Bullseye claims were staked by Exploits in September 2022 and are contiguous to New Found Gold Corp.'s Queensway project. The claims are considered by the Company's geologists to be highly prospective because they directly overlay a 1,200 by 800 m 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
Market Liquidity Services
The Company further announces that it has engaged Red Cloud Securities Inc. ("RCSI") to provide services as a market maker in compliance with the policies and guidelines of the Canadian Securities Exchange and other applicable legislation. Under the agreement, RCSI will receive a fee of C
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/219748
FAQ
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