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Exploits Discovery Corp. Consolidates Appleton Fault Properties Exploits Gold Belt, Newfoundland
Vancouver, British Columbia - TheNewswire - October 22nd, 2020 - Exploits Discovery Corp. ("Exploits" or the "Company") (CSE:NFLD) (CNSX:NFLD.CN) is pleased to
About this update from Epic Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - October 22nd, 2020 - Exploits Discovery Corp. (\"Exploits\" or the \"Company\") (CSE:NFLD) (CNSX:NFLD.CN) is pleased to announce that it has acquired all of the outstanding share capital of 1255919 B.C. Ltd. (the \"Target\"), which controls a series of four claim blocks, totaling 769 claims and 192.5 km2 in area located in Port Albert Peninsula, Dog Bay, Newfoundland (the \"Project\"). The Project is owned by the Target and is subject to an existing one-percent royalty. The acquisition increases the Dog Bay Gold Project to encompass 21 km of strike length along the prospective Dog Bay/Appleton Fault and brings the project to 1,254 mineral claims totaling 313.5 km2. In consideration for the acquisition of the Target, the Company has issued 6,200,000 common shares to the existing shareholders of the Target. Project Highlights Located within the Exploits Subzone of prospective siliciclastic sediments and includes an additional 17 km of the Appleton Fault and the northern extent of the Dog Bay Line, which are associated with gold mineralization in the area. Significant historic samples adjacent to the Appleton Fault zone, on existing Exploits ground, ranging from nil to values up to 16,025 and 9,988 ppb Au in carbonate altered, shear zone sediment material, as well as B-horizon soil samples up to 2,837 and 2,632 ppb Au (Quinlan, 2017) Historic outcrop grab and chip samples adjacent to the Appleton Fault returned from null to 25.12 g/t Au, with subcrop samples assaying up to 233 g/t Au. These anomalous gold in soils, subcrop, and outcrop, on the most advanced 4km long section of the 21 km of Appleton Fault demonstrate the potential of this fault system and provide the company with high priority advanced exploration targets. The Appleton fault has been the focus of a new discovery in the Exploits Gold Belt with last years Keats zone discovery and this month's discovery of 41.2g/t Au over 4.75m and 25.4g/t Au over 5.15 m at New Found Gold's Lotto zone (NFG NR Oct 2, 2020) and advanced exploration work by Labrador Gold on their Kingsway project, (LAB NR Oct 5, 2020). Michael Collins, Chief Executive Officer of Exploits, commented, \"The Company's Appleton Zone project's covers 21 km strike length of the Appleton Fault with known high-grade occurrences, but it is important to note that is just ...