Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF | FSE: 634) has announced assay results from diamond drill holes BE-23-018 and BE-23-020 to 029 on its 100% owned Bullseye property located along the Appleton Fault Zone in central Newfoundland. The new Bullseye gold assays are up to 14.59g/t Au and are approximately 200m east of New Found Gold’s recently reported high-grade intercepts at its Everest gold zone.
“We are excited to see several clusters of veining up to 18m in length hosting locally anomalous gold values reaching 14g/t,” commented Ken Tylee, Exploits VP of Exploration.
“These intercepts suggest that hole 28 has encountered an extension of the Everest mineralized system announced by our neighbours on 10 May 2023, possibly tracking eastwards into our Bullseye claims.”
Select intercepts from BE-23-028 include:
- 4.08g/t Au over 1.6m core length, located at a vertical depth of about 75m below surface
- including 8.16g/t Au contribution from a 0.7m sample
- 4.85g/t Au over 0.75m core length, located at a vertical depth of about 185m below surface
- 14.59g/t Au over 1.0m core length, located at a vertical depth of about 186m below surface
The Bullseye claims were staked by Exploits in September 2022, and are contiguous to the very active targets currently being drilled by both New Found Gold and Labrador Gold.
The claims are considered by Exploit’s geologists to be highly prospective because they directly overlay a 1,200m by 400m segment of the Appleton Fault and its related splay structures. Over a dozen exploration drill rigs have been employed by the three companies operating within this structural-stratigraphic setting over the past two years.
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