Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF | FSE: 634) has announced assay results from four recent diamond drill holes at the newly discovered Horseshoe Gold Zone on its 100% owned Bullseye property along the Appleton Fault Zone.
Of note, 55 grains of visible gold were observed within a network of quartz veins in drill hole BE-23-019, located approximately 450m north of New Found Gold’s recently reported high-grade intercepts at Everest in central Newfoundland.
“We are thrilled to announce our first gold discovery called Horseshoe on our Bullseye property. Our first phase of drilling so far has intercepted visible gold in a half-dozen drill holes and generated several high-grade intercepts up to 118.92g/t Au,” Exploits president and CEO, Jeff Swinoga commented.
Horseshoe Gold Zone Highlights:
BE-23-019 intersected 38.21g/t Au over 2.80m core-length, located at a vertical depth of approximately 145m below surface, including 118.92g/t Au contribution from a 0.85m sample.
BE-23-015 intersected 4.65g/t Au over 2.00m core-length, located at a vertical depth of approximately 166m below surface.
Including 8.90g/t Au contribution from a 0.80m sample.
Horseshoe Gold Zone remains open in all directions.
Diamond drilling totaling 11,292m has been safely and cost-effectively completed over the 30-hole first phase evaluation at Bullseye.
Assay results from 18 of the 30 drill holes have been received and publicly reported to date. The results from the 12 remaining drill holes are pending.
“Consistent with the high-grade intercepts that our peers are reporting just south of Bullseye, our geologists are seeing mineralization within a complex network of multi-stage quartz veins. I am very proud of our local team’s accomplishments during the first phase of our drilling campaign,” the CEO added.
For further information, please visit: www.exploitsdiscovery.com
