Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF) has announced assay results from drill holes numbered four, five, and six, at its Bullseye property in Central Newfoundland.
The company has stated that visible gold grains have been observed within three of the six holes it has reported to date in close proximity to the Appleton Fault Zone as it tracks across Exploits’ wholly owned mineral claims.
Highlights of hole ‘BE-23-005’ include five occurrences of visible gold observed within veining encountered at 27.50m – 28.16m depth downhole.
The hole intersected 12.55g/t Au averaged over 3.50m core-length located at a vertical depth of approximately 20m below surface, including 68.39g/t Au contribution from a 0.45m sample where fine grains of visible gold were noted within a network of quartz veining.
Furthermore, the hole intersected 2.61g/t Au over 1.15m core-length located at a vertical depth of approximately 100m below surface.
Ken Tylee, vice president of exploration stated, “It’s impressive to see visible gold again in our fifth hole, 45m away from the 14.2g intercept reported in our first hole drilled at Bullseye. We are excited to find these locally high-grade vein sets at such an early exploration stage coming from a property with no previous drilling history. Our drilling operations continue, and we plan on providing further updates as the assays arrive.”
To date, Exploits has completed a total of 15 holes consisting of 5,128m of NQ drilling of the drill programme. This initial drilling programme is designed to determine the potential for high grade gold mineralization along Exploits’ 1.2km segment of the Appleton Fault Zone.
Exploits’ Bullseye gold target is fully permitted for exploration activities and located approximately 3km north of the Town of Appleton easily accessible via existing forestry roads and trail networks.
Bullseye is considered a highly prospective drilling target that borders New Found Gold’s recent gold discoveries along the Appleton Fault Corridor. The property is directly contiguous to New Found Gold and Labrador Gold properties where over a dozen drill rigs have been recently operating.
To find out more, please visit www.exploitsdiscovery.com
