Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF) has announced the observation of fine grains of visible gold in quartz vein clusters in its first two drill holes. Assay results have been received from the initial three drill holes of a campaign currently underway at Exploits’ Bullseye property in Central Newfoundland. Exploits owns a 100% interest in Bullseye’s 11 mineral claims (2.8 km²) along the Appleton Fault Zone. Visible gold was identified in two of the first three drill holes.
Jeff Swinoga, president and CEO, commented, “We were very excited to see visible gold in our first two holes drilled at Bullseye. It’s a great start and these early results suggest the potential for making a significant near-surface gold discovery. It’s fair to say that we are correctly situated in the Appleton gold system at Bullseye. Drilling continues and we look forward to the next set of assays.”
Drill highlights:
Drill hole BE-23-001:
- Intersected 8.58g/t Au over a 1.0m core-length located at a vertical depth of 41.3m below surface
- including 14.24g/t Au screen metallic assay contribution from a 0.5m sample where a half-dozen fine grains of visible gold were noted within a network of quartz veins.
Drill hole BE-23-002:
- Intersected 4.96g/t Au over 3.0m core-length located at a vertical depth of 119.6m below surface
- includes a 16.66g/t Au assay contribution from a 0.65m sample and fine grain visible gold was also observed
Drill hole BE-23-003:
- intersected 3.02g/t Au over 1.0m at a vertical depth of 145m below surface
To date, a total of 10 holes consisting of 3,232m of NQ drilling, have been completed of the 6,000m, results-oriented, drill programme. The first three holes successfully intersected the Appleton Fault. This initial drilling programme is designed to determine the potential for high grade gold discoveries along Exploits’ 1.2km segment of the Appleton Fault Zone. The company plans to complete down-hole surveys to assist with the mapping and orientation of the veins.
To find out more, please visit www.exploitsdiscovery.com
