Welcome to our dedicated page for Exploits Discove news (Ticker: NFLDF), a resource for investors and traders seeking the latest updates and insights on Exploits Discove stock.
About Exploits Discovery Corp. (NFLDF)
Exploits Discovery Corp. (CSE: NFLD, OTCQB: NFLDF, FSE: 634) is a Canadian mineral exploration company focused on the acquisition, exploration, and development of gold projects in Newfoundland and Labrador, Canada. Strategically positioned along the highly prospective Appleton Fault Zone (AFZ), the company targets structurally complex zones known for hosting high-grade gold mineralization. Exploits Discovery leverages its geological expertise, advanced exploration technologies, and a talented local team to identify and develop gold-rich zones across its extensive property portfolio.
Core Business and Operations
Exploits Discovery’s business model centers on systematic exploration and de-risking of its mineral claims to maximize discovery potential. The company employs a multi-layered exploration strategy that includes geological mapping, diamond drilling campaigns, seismic surveys, and till sampling programs. Notable projects include the Bullseye and Gazeebow South properties, both located along the Appleton Fault Zone, a regional-scale deformation zone recognized as a conduit for gold mineralization. These properties are strategically situated near high-grade discoveries by neighboring companies, including New Found Gold and Labrador Gold Corp.
Exploration Highlights
- Bullseye Property: Encompasses a 1.2-kilometer segment of the Appleton Fault Zone. Recent drilling campaigns have identified high-grade gold zones, including the Saddle and Horseshoe discoveries, with visible gold observed in quartz veins. The property benefits from advanced seismic data and over 16,000 meters of diamond drilling to date.
- Gazeebow South Property: Covers over 8 kilometers of the northern Appleton Fault Zone. Till sampling programs have revealed elevated gold grain counts, indicating strong mineralization potential. Structural surveys suggest a complex network of braided faults and deformation zones, similar to those hosting high-grade deposits in nearby projects.
Competitive Position
Exploits Discovery’s proximity to high-profile gold discoveries and its strategic land acquisitions along the Appleton Fault Zone position it as a key player in the Central Newfoundland gold belt. The company differentiates itself through its use of cutting-edge exploration techniques, including seismic surveys and downhole televiewer technology, to enhance subsurface geological understanding. Its all-local team, based in Gander, Newfoundland, provides operational efficiency and deep regional knowledge.
Geological Context
The Appleton Fault Zone is a regional deformation zone formed during the closure of the Iapetus Ocean. It serves as a primary conduit for late-stage hydrothermal fluids that contribute to gold mineralization. Exploits Discovery’s properties are characterized by northeast-striking, steeply dipping sedimentary rocks hosting quartz veins enriched with gold. Secondary faults and splays further enhance the structural complexity, creating multiple high-potential target zones for exploration.
Commitment to Excellence
Exploits Discovery is committed to leveraging its geological expertise, advanced technologies, and strategic partnerships to maximize exploration success. The company’s systematic approach to exploration, combined with its strategic positioning and robust financial backing, underscores its vision to become one of Canada’s most successful gold explorers.
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) has announced significant gold discoveries at its Bullseye property in Newfoundland. The newly named 'Saddle Zone' yielded impressive results, including:
- 67.55 g/t Au over 3.30 m, including 254.08 g/t Au over 0.80 m in hole BE-24-015
- 53.37 g/t Au over 0.60 m in hole BE-23-014
- 35.82 g/t Au over 0.90 m in hole BE-24-013
These high-grade intercepts, featuring visible gold, were found at depths ranging from 80 to 164 meters below surface. The Saddle Zone appears open in all directions, suggesting potential for further expansion.
Exploits Discovery Corp. (CSE: NFLD, OTCQB: NFLDF, FSE: 634) updates on its exploration programs in Central Newfoundland, notably at Bullseye and Gazeebow South along the Appleton Fault Zone (AFZ). The company commenced NQ core drilling at Bullseye, focusing on mineralized quartz veining intersected in 2023. Initial assays reported 4.08 g/t Au over 1.60 m and 14.59 g/t Au over 1.00 m. Down-hole televiewer surveying is ongoing to aid in follow-up hole designs. Additionally, 150 till samples will be collected at Gazeebow South to follow up on elevated gold grain counts from late 2023. Prospecting and mapping will continue at Dog Bay and Mt. Peyton. The programs are fully funded with over $6 million in cash and no debt. Results will be reported after receipt and interpretation.
Exploits Discovery Corp. (CSE: NFLD, OTCQB: NFLDF, FSE: 634) announced plans for a Phase 3 drilling campaign on its Bullseye gold property in Central Newfoundland. The campaign follows encouraging results from drill hole BE-23-028. The Bullseye property, which is fully permitted for drilling in 2024, covers a 1.2 km segment of the Appleton Fault system. Approximately 2,500 meters of NQ core drilling are scheduled for June-July 2024, focusing near the 2023 exploration hole where promising gold assays were previously reported. The drilling will target areas with complex mineralized veining, supported by data from various geophysical surveys and a recent down-hole televiewer program.
Highlights include gold assays: 4.08 g/t Au over 1.60 m and 14.59 g/t Au over 1.00 m at different depths. The drilling campaign aims to test gold intercepts along second-order splay structures aligning with known gold zones from neighboring properties owned by New Found Gold Corp. and others. Local firm Trust Drilling Inc. will conduct the drilling operations.
Exploits Discovery Corp. has initiated an optical televiewer downhole survey at the Bullseye property in Newfoundland to refine 3D orientation for their 2024 phase II drill program. DGI Geoscience Inc. will conduct the survey to provide critical orientation information on potential structural controls, aiding in the visualization of geological features in real time. The results will assist in targeting gold zones, enhancing directional accuracy for future drilling programs.
Exploits Discovery Corp. has engaged HiSeis for interpreting seismic data on its Bullseye gold property in Central Newfoundland. The data was provided by New Found Gold Corp. in exchange for survey line permissions. HiSeis will analyze the seismic data to understand deeper structures for potential high-grade gold mineralization. The interpretation is expected to be completed by summer.
FAQ
What is the current stock price of Exploits Discove (NFLDF)?
What is the market cap of Exploits Discove (NFLDF)?
What does Exploits Discovery Corp. do?
What are Exploits Discovery's key projects?
How does Exploits Discovery conduct exploration?
What makes Exploits Discovery unique?
Who are Exploits Discovery's competitors?
What is the geological significance of the Appleton Fault Zone?
How does Exploits Discovery generate revenue?
What exploration methods are used by Exploits Discovery?
