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Exploits Discovery Corp. Samples 24% Zinc and 66 G/T Silver in Massive Sulphide at the Katie Prospect, Newfoundland
Vancouver – TheNewswire - January 7, 2021- Exploits Discovery Corp., (“Exploits” or the “Company”) (CSE:NFLD) (CNSX:NFLD.CN) (FSE:634-FF) is pleased to announce
About this update from Epic Gold Corp.
[{"type":"text","content":"Vancouver – TheNewswire - January 7, 2021- Exploits Discovery Corp., (“Exploits” or the “Company”) (CSE:NFLD) (CNSX:NFLD.CN) (FSE:634-FF) is pleased to announce that it has completed an inaugural reconnaissance program at the Katie Prospect, located in the heart of the Great Bend Property. Highlights Exploits’ geologists collected 12 rock grab samples from subcrop and outcrop, with five returning values between 1.2 g/t to 2.7 g/t Au. Six samples containing massive sphalerite and chalcopyrite ran above fire assay cut-off for silver and lead which were subsequently assayed under ore grade analysis returning values of 11.5 g/t to 66.3 g/t Ag and 7.24% to 24.0% Zn. Sample concentrations of Zn, Pb, Cu are similar to the past producing high grade VMS Buchans Mine, which had a 56 year mine life and produced 16.2 million tonnes averaging 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au, 126 g/t Ag from five separate deposits. Buchans is currently a 56%/44% Glencore/Canstar joint venture (See Buchans Resources New Release dated January 5, 2021) This newly acquired sample data, plus GoldSpot Discoveries Corp.’s initial structural analysis leads the Exploits technical team to believe that there may be opportunity for orogenic-epizonal style mineralization at the Katie prospect where the Appleton Fault is truncated in the Huckster Lake volcanic rocks creating the structural discontinuity required for the deposition of gold. Gold bearing till sampling by New Found Gold at Eastern Pond, north east the Katie Project, trends south west to the Exploits claim border and defines a target for Appleton fault orogenic style gold deposition, (see https://newfoundgold.ca/project/queensway-project/). Exploits plans to continue to add new layers to its internal geological database including a possible high resolution airborne geophysical survey planned for early winter 2021. Michael Collins, President & Chief Executive Officer of Exploits, commented: “The Katie Prospect is renowned in the Newfoundland prospecting community for being of high geological interest, and we pushed hard to get boots on the ground prior to snowfall. The results validate our expectations but more importantly, this field work provided us with a better understanding of why past companies focused mainly on VMS style mineralization in the area. While VMS mineralization is evident, we plan...