- Exploits Discovery Corp.’s (CSE:NFLD) new drill program begins next month for the Titan, Duder Lake, and Gazebow properties
- Exploits has signed a 6,000 to 10,000-metre drilling contract with Majors Contracting Limited of Deer Lake, N.L.
- The company’s planned 2022 survey is meant to be an additional layer to compliment historic surface sampling at Titan
- The Dunder Lake property samples have already shown high grades of gold
- The Gazeebow Property is near a bonanza grade discovery and has potential to host the same structure
- Exploits Discovery Corp. (NFLD) is up 3.23 per cent trading at $0.16 per share as of 1:54 p.m. ET
Exploits Discovery Corp. (NFLD) announced that its new drill program will commence in mid-August at the Titan, Duder Lake, and Gazebow properties.
Exploits stated it has signed a 6,000 to 10,000-metre drilling contract with Majors Contracting Limited of Deer Lake, N.L.
“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… our team has worked toward a disciplined, systematic approach in evaluating one of the largest land packages in the predominately unexplored Central Newfoundland Gold Belt,” Jeff Swinoga, President and CEO of Exploits, said.
According to Exploits, historic work done on the Titan property indicated a northeast trending mineralized corridor.
The company’s planned 2022 survey is meant to be an additional layer to compliment historic surface sampling, trenching, and drilling. It has identified the potential for deeper and more extensive mineralization.
The Duder Lake property’s previous samples included average to high grades of gold mineralization. Samples are coincident with the Interpreted Appleton Fault corridor.
The Gazeebow Property is northeast of the. Keats discovery, which returned a diamond drill hole with 92.86 grams of gold per tonne over 19 metres near surface. It is allegedly underlined by the same package of siliciclastic rocks as the discovery host.
The company confirmed the presence of structural breaks and flexures which can indicate favourable sites for gold bearing fluids through survey work. Field crews are currently in the area prospecting and mapping to provide additional focus.
Exploits Discovery Corp. (NFLD) is up 3.23 per cent trading at $0.16 per share as of 1:54 p.m. ET.
