Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF | FSE: 634-FF) has announced initial assay results from its Jonathan’s Pond Target and the remaining assays from its Quinlan Veins Target.
President and CEO Jeff Swinoga commented, “These assay results are an encouraging start to understanding the potential of these targets as well as similar targets on our large land package. For Jonathan’s Pond, the western extension of the near-surface gold mineralization intersection is coincident with gold samples collected from trenching performed in 2020. These initial drilling results will inform our follow-up exploration plans for the areas that are open to the west of Jonathan’s Pond and to the north of Quinlan Veins.”
Jonathan’s Pond results:
The 2021 drilling programme at the Jonathan’s Pond Project tested the down dip extension of the known mineralized quartz vein system identified during its 2020 trenching programme. Drilling also tested anomalous signatures identified from the company’s 2020 SGH soil programmes.
Exploits has received assay results for 16 of its 21 holes and ICP-34 results for 15 of 21 holes from its 2021 Jonathan’s Pond drill programme. Fire assay results for the remaining holes are pending.
According to the report, one of the drill holes was collared to specifically test a down dip extension of 5m east-west trending quartz veins with anomalous gold and visible pyrite and arsenopyrite. A 4.5m section of core from 16 to 20.5m averaged 1.57 g/t Au.
Mineralization in the drill core occurred within a series of subparallel quartz veins, up to 7cm wide hosted within gabbro and containing associated pyrite and arsenopyrite. This intersection is interpreted by Exploits as being coincident with the anomalous gold samples collected from its 2020 surface trenching programme. Based on the company’s 2020 trenching and these results, this potential mineralized trend remains open to the west and is largely untested.
An additional two drill holes were designed to test a down dip extension of lower order east-west trending quartz veining, located adjacent to the northeast-southwest trending main vein which produced grab samples containing visible gold and returned fire assays of up to 28 g/t Au. It was noted in these drill holes that sulphide mineralization, including arsenopyrite pyrite chalcopyrite, was concentrated along the lower contact of the main vein. XRF analysis reportedly confirmed the presence of elevated arsenic antimony, which are typical pathfinder elements for targeting gold mineralization, along this lower contact, which influenced drilling following along the northeast trending section of the main vein. Near-surface mineralization intersected in two drill holes indicates a potential mineralized trend which is open to the east.
Four other drill holes were designed to test significant SGH Au anomalies to the southwest and north of a main vein identified from SGH soil sampling performed by Exploits in 2020. Two drill holes also undercut previous drilling to provide additional geometric controls of the quartz vein system. Assays results remain outstanding.
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