Business
Exploits Discovery Acquires Claims North of Gazeebow
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2022) - Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) (FSE: 634) ("Exploits" or the "Company"
About this update from Epic Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - September 14, 2022) - Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) (FSE: 634) (\"Exploits\" or the \"Company\") is pleased to announce that it has acquired 100% interest in the Gazeebow North properties (the \"Property\"). The Property is adjacent to existing claims held by the Company and consolidating these Gazeebow properties strategically increases Exploits' land package by 64km2. Exploits' most recent structural interpretation indicates the Appleton Structural Corridor and related secondary splay structures may extend across the Gazeebow area suggesting the potential to host gold mineralization at Gazeebow North. Jeff Swinoga, Chief Executive Officer of Exploits, comments, \"We are excited to consolidate these two properties. With our drilling campaign recently kicked off at our Titan gold target just 10 kms north, following our completed Alpha IP survey, these Gazeebow claims are becoming a key area of interest consistent with our Exploration 2.0 methodology. Mapping and prospecting crews will be mobilized immediately. In the next month, we also intend to expand the Company's airborne VTEMTM geophysical survey area.\" North Gazeebow Highlights The claims are situated approximately 40 kms northeast of New Found Gold's Keats gold discovery within the Appleton Structural Corridor. A series of forestry-access roads branching off provincial highway 330 provide safe road access into the exploration area. The purchase agreement doubles the current land position at the Gazeebow area, encompassing a total land area of 151 km², straddling the northern extent of the interpreted Appleton Structural Corridor, bound to the east by the interpreted Dog Bay Line, and bound to the west by the GRUB line. The central portion of the Gazeebow North property is underlain by the prospective Davidsville Sedimentary Group, known to host high-grade gold mineralization within the Exploit's Subzone. Recent structural interpretation suggests that the eastern portion of the property is transected by approximately 4 km of strike-potential displaying key, northeast-trending, structural patterns indicated by adjacent geophysical surveys (2021-2022: VTEM and Alpha IP) and recent geological mapping. The Gazeebow North claims have been previously underexplored leaving ample room for significant new discov...