Business
Exploits Discovery Provides Exploration Update and Reiterates Focus on Appleton Fault
Vancouver, British Columbia - TheNewswire - November 10th, 2021 - Exploits Discovery Corp. (“Exploits” or the “Company”) (CSE:NFLD) (OTC:NFLDF) (FSE:634-FF) (CN
About this update from Epic Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - November 10th, 2021 - Exploits Discovery Corp. (“Exploits” or the “Company”) (CSE:NFLD) (OTC:NFLDF) (FSE:634-FF) (CNSX:NFLD.CN) provides a summary of drilling and exploration work in 2021 to date and reiterates its focus on the prospective Appleton Fault. Exploits has completed 10,481 m of drilling since June 2021, 17,709 line km of VTEM airborne surveys covering 1,699 km2; conducted 8 discrete target reviews with Goldspot Discoveries Corp (“Goldspot”) on Exploits’ ground, and 10 discrete field prospecting programs. A review of tenure has reiterated the Company’s focus on its 37 km (strike length) of the Appleton Fault. With this in mind, the Company has applied for 3 new drill permits along the Appleton Fault located within the Dog Bay claim group. Highlights Exploits has completed 10,481 m of drilling across 3 of 5 currently permitted drill targets in the Exploits Subzone, Newfoundland. Building on our understanding from 2021, Exploits has initiated permitting for three additional targets along the interpreted Appleton fault on our Dog Bay claims. Phase II drilling at Schooner North/South has commenced and preparation is underway for drilling at our Little Joanna target. Exploits has completed 17,709 line km of VTEM survey including full coverage of the interpreted Appleton Fault on northern claims. Quality geophysical data has proven to be critical to discovery on the Appleton Fault targets. On Oct 28th Exploits held an internal symposium with the Company’s Advisory Board Leader Dr. David Groves regarding Orogenic gold exploration targeting, in addition to reviewing and refining targets in the Exploits Subzone. The Company has drilling planned into the spring of 2022 and with approximately $13 million in cash; and is well funded to aggressively pursue these targets. President and CEO Jeff Swinoga comments, “2021 to date has been a very busy and successful year in progressing our Exploits Subzone Projects with drilling, surface exploration and airborne geophysics. It has also been frustrating, with a slow start to the drill program and long wait times for assays to be returned. As with any gold rush, the high volume of drilling activity has hit a logjam at the labs, and, like our shareholders, we are disappointed to not have a consistent stream of results to ...