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Exploits Discovery Enters into Option Agreement for District-Scale Gold Project in Ontario
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to a
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[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) (\"Exploits\" or the \"Company\") is pleased to announce that it has entered into an option agreement (the \"Agreement\") with Pavey Ark Minerals Inc. (\"Pavey Ark\"), an arms-length party, whereby Pavey Ark has granted the Company the right to acquire a 100% interest in the Hawkins property, located in Ontario, Canada (the \"Property\"). By entering into the Agreement, the Company secures a prominent exploration opportunity along a 60+ km belt of locally mineralized geology that replicates the setting of the Hemlo Gold Deposit, where over 21 million ounces of gold have been mined over the past 30 years. This is a district scale opportunity in Northern Ontario within 200 km of several operating gold mines. The Property is anchored by the McKinnon Gold Zone, where a 2020 NI 43-101 compliant study that outlines a historic inferred resource of 328,800 ounces of gold, grading an average of 1.65 g/t gold, located within 200 meters of surface*. Mineralization at McKinnon remains open at depth and along trend. Compilation of historic data suggests the presence of encouraging gold sample values within early trenching located within one km of the eastern resource shell. Exploration will be planned to follow up on this near-term expansion opportunity to the east. \"Securing the Hawkins Property is a major milestone for Exploits Discovery,\" said Jeff Swinoga, President & CEO. \"This acquisition delivers immediate value with McKinnon Gold Zone resource of over 300,000 ounces, and even more importantly, positions us in a Hemlo-style geological setting with clear district-scale potential in one of Canada's most prolific gold-producing regions. The McKinnon Zone remains open both at depth and along strike, with historic data indicating promising gold values in early trenching conducted within one km east of the current resource boundary.\" Mr. Swinoga continued, \"With multiple untested targets along a 60 km mineralized belt, and a historic resource already in place, this project provides an exceptional foundation for long-term discovery and value creation in a highly prospective region of Northern Ontario. It's a rare opportunity to acquire such a largely underexplored land package in Ontario, and we are excited to unlock i...