Business
Exploits Discovery Corp. Consolidates Dog Bay Claims
Vancouver – TheNewswire - March 31, 2021 – Exploits Discovery Corp., (“Exploits” or the “Company”) (CSE:NFLD) (OTCQB:NFLDF) (FSE:634-FF) is pleased to announce
About this update from Epic Gold Corp.
[{"type":"text","content":"Vancouver – TheNewswire - March 31, 2021 – Exploits Discovery Corp., (“Exploits” or the “Company”) (CSE:NFLD) (OTCQB:NFLDF) (FSE:634-FF) is pleased to announce that it has entered into an agreement to acquire 100% interest in the Hicks - Dog Bay properties (the “properties”) to consolidate the Dog Bay Gold Project (the “project”) for 550,000 Exploits shares. The claims are subject to a 2.0% Net Smelter Royalty to one of the underlying vendors of which 1.0% may be bought out for $1 million at any time. This land acquisition contains several significant historic gold showings and will increase the land package by 4.5 km2. Acquisition Highlights Exploits has consolidated the last adjacent mineral claims at the Quinlan Vein where high grade gold can be seen at surface up to 61.3 g/t Au. The project now contains five additional historic mineral occurrences with gold values up to 6.4 g/t Au in quartz veins at surface. Structurally, the veins are situated within secondary fault structures, associated with the Appleton Fault Zone, that were highlighted by GoldSpot Discoveries’ geophysical analysis. Exploits’ drill permit applications are pending for the Quinlan Veins for drilling nine holes totaling 2,250 Metres in summer 2021. Michael Collins, Chief Executive Officer of Exploits, comments, “The acquisition of these claims solidifies the Company’s land position on the northeastern end of the Port Albert Peninsula, in particular around the Quinlan Veins which we intend to drill test this spring. Exploits is well funded, drill ready and positioned for growth on drilling a discovery in the Exploits Subzone.” About the Project The claims are situated on the eastern side of Port Albert Peninsula and are interpreted to be found on secondary and tertiary structures that intersect the Appleton Fault on the western side of the claims. There are several historic mineral occurrences located on the properties as follows: Horwood Bay Cu: A 30 - 45 cm quartz vein exposed for about 15 m, occurs on a small headland on the west shore of Dog Bay. The vein contains about 1% chalcopyrite along its entire length. Smaller quartz veins containing traces of chalcopyrite occur within a few hundred feet of the larger vein (Kalliokoski, 1953). Gina Au Showing: The Gina showing occurs in a porphyritic felsic dyke that is moderately silicified and contains spotty s...