Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF | FSE: 634) has revealed its new drilling programme will get underway in mid-August at its high-priority targets, including the Titan, Duder Lake and Gazeebow properties.
“We are very excited to begin this drill programme on our first three high priority targets,” said Jeff Swinoga, Exploits’ president and CEO.
“We are also eagerly waiting for the results of our high-definition soils extensive campaign focused along the Appleton Fault. In six short months we have advanced three high priority drill targets and continue to generate a pipeline of additional targets towards the drill-ready stage.”
The company has signed a 6,000 to 10,000 metre drilling contract with Majors Contracting Limited of Deer Lake, Newfoundland, to conduct this upcoming drill programme. Historic, near-face drilling at the Titan area previously encountered gold mineralization and has generated intercepts of 11.82m of 1.68 g/t Au and 5.25m of 6.77 g/t Au.
“Our geologists continue to follow our Exploration 2.0 Methodology resulting in a detailed scorecard ranking which includes all available compilation and interpretations. This upcoming drill programme will also capture the recommendations of our partnership with Simcoe Geoscience at our Titan target, along the projections of the northeast gold prospective Valentine Lake structure,” Mr Swinoga added.
Titan Property
Historic surface sampling, trenching, and drilling at the Titan property indicated a northeast trending mineralized corridor extending over approximately 550 metres of strike length. Historic drilling tested the mineralized trend at Titan over a strike length of approximately 250 metres to a vertical depth of 65 metres.
Compilation work performed by Exploits’ exploration team has indicated that mineralization is associated with altered gabbroic intrusions and localized irregular quartz veining. The 2022 Alpha IP survey has also identified the potential for deeper and more extensive mineralization.
Duder Lake
Multiple historic anomalous grab samples include 8.3 g/t Au, 7.6 g/t Au, 3.3 g/t Au, 2.8 g/t Au, and 2.5 g/t Au, with historic anomalous soil samples up to 2.2 g/t Au. Samples are coincident with the Interpreted Appleton Fault corridor.
Historic drilling in the area, completed by other companies in the 1980s and ‘90s, produced significant mineralized intersections including: 7.29 g/t Au over 2.55m and 6.09 g/t Au over 3.1m (drill hole DL96-3); 5.4 g/t Au over 5.2m (drill hole DL96-5); 4.42 g/t Au over 3.4m, 4.5 g/t Au over 7.8m, and 7.01 g/t Au over 2.8m (drill hole DL90-1); 3.46 g/t Au over 7.25m, 4.27 g/t Au over 4.75m, and 5.68 g/t Au over 3.35m (drill hole DL90-6).
Gazeebow
The Gazeebow property is 35km northeast of the late 2019 New Found Gold’s (TSXV: NFG) Keats discovery, which returned a diamond drill hole with 92.86 g/t Au over 19.0 metres near surface, is underlain by the same package of siliciclastic rocks as the discovery host.
The interpretation of Exploits’ VTEM™ airborne geophysical survey confirms the presence of numerous structural breaks and flexures which a can indicate favourable sites for gold bearing fluids. The company’s field crews are currently in the area prospecting and mapping to provide additional focus.
For further information please visit: https://exploitsdiscovery.com/
