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Crest Resources and Exploits Discovery Corp. Syndicate Stake PB Hill Gold Claims in the Exploits Subzone, Newfoundland
Vancouver, British Columbia – TheNewswire - June 3, 2021 - Exploits Discovery Corp. (“Exploits” or the “Company”) (CNSX:NFLD.CN) (OTC:NFLDF) (FSE:634-FF) is ple
About this update from Epic Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - June 3, 2021 - Exploits Discovery Corp. (“Exploits” or the “Company”) (CNSX:NFLD.CN) (OTC:NFLDF) (FSE:634-FF) is pleased to announce that the Company has entered into a 50/50 per-cent staking syndicate agreement with Crest Resources Inc. (“Crest”) (CSE: CRES) and acquired through staking the 100% owned PB Hill Property (the ”Property”) located in prospective siliciclastic sediments of the Exploits Subzone Gold Belt, Newfoundland. Highlights The PB Hill Property is a large contiguous land package that encompasses a land area of ~1,986 km² (198,600Ha). Previous exploration of the Property focused mainly on the highly magnetic mafic/ultramafic rim that hosts numerous significant gold and base metals occurrences, including a historical inferred resource at the Mosquito Hill Prospect of 4.47MT of 0.526g/t Au indicated, 32.9MT of 0.461g/t Au inferred located 3 km east of the property boundary. New proven model in the Exploits Subzone Gold Belt suggests that gold is transported in primary structures (ie. Dog Bay Line, Appleton Fault) associated with magnetic lows and deposited in secondary and tertiary structures within the siliciclastic sediments of the Davidsville Group. The geophysical signature of the Property highlights multiple untested distinct en-echelon geophysical structures near an extreme low as indicated by the NL Government residual magnetic survey. These are deemed to be high priority targets With most terrain that strays from major highways and bush trails virtually unexplored, we believe there is reason to continue to leverage our increased geological understanding in the area and create increased shareholder value. Following recent discoveries in the Exploits Subzone Gold Belt of Newfoundland, early indications of success across the region show the potential for a district size gold camp that’s being compared to Ontario and Quebec’s Abitibi Greenstone Belt. Although the Exploits Subzone Gold Belt is different in age; similar rheological processes involving gold mobilization in deep seated structures, emplacing gold in later stage secondary, tertiary and quaternary structures indicate the opportunity for thousands of square kilometers of underexplored gold potential. The Crest technical team have leveraged their diverse knowledge of the geology of central Newfoundland and thi...