Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF | FSE: 634) has announced assay results from the final hole completed during phase one exploration drilling on its 100%-owned Bullseye property located along the Appleton Fault Zone (AFZ) in central Newfoundland, Canada.
“We are very pleased that our initial drilling campaign at Bullseye resulted in our first high-grade discovery called the Horseshoe gold zone. We have also been successful in identifying at least two new high-grade areas of gold mineralization beyond Horseshoe,” Jeff Swinoga, Exploits president and CEO, commented.
“These two new areas generated double digit gold assays in hole 28 and 30. We believe there is definitely more gold at Bullseye to discover. Our all-local and talented team, based in Gander NL, is excited by the numerous opportunities identified by our first successful drilling program at Bullseye.”
Highlights included hole BE-23-030, which encountered several concentrations of quartz veining over its 502m length, generating a 46.12g/t Au assay value from a 0.40m core sample.
Several fine grains of visible gold were also noted within the local veining that contributed to the 46.12g/t Au screen-metallic assay. This new mineralization was intersected at a vertical depth of approximately 190m below surface and remains open in all directions.
Assay results from all 30 drill holes completed during the 11,292m phase one drilling campaign have been received and publicly reported. The design of phase two drilling programme has commenced at Bullseye focusing on expansion of the “Horseshoe” gold zone discovery, possible extension of New Found Gold Corp.’s (NFG) Everest gold discovery onto Bullseye South, and extension of NFG’s Jackpot gold discovery on Bullseye South.
Information obtained through the upcoming results of NFG’s regional seismic survey shall be incorporated into Exploits’ interpretation. Exploits will also assess the west side of the Appleton Fault (similar to Keats West) as well as further east of Bullseye during this time.
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