- Exploits Discovery Corp. (NFLD) has begun drilling at its Bullseye gold property in Central Newfoundland
- The company has contracted a diamond drill rig to conduct an initial 6,000-metre drill program of 15 drill holes averaging 400 metres in depth
- This highly prospective gold target borders New Found Gold’s recent Lotto North and Lotto gold discoveries along the Appleton Fault Corridor
- Exploits Discovery (NFLD) was down 3.85 per cent, trading at C$0.25 per share at 1:05 pm ET
Exploits Discovery Corp. (NFLD) has begun drilling at its Bullseye gold property in Central Newfoundland.
The company has contracted a diamond drill rig to conduct an initial 6,000-metre drill program of 15 drill holes averaging 400 metres in depth. This highly prospective gold target that borders New Found Gold Corp.’s (TSXV:NFG) recent Lotto North and Lotto gold discoveries along the Appleton Fault Corridor.
Drilling will be a results-driven program focusing on the Appleton structure and related splay structures trending in both northwest and northeast directions.
A recent ground VLF / MAG survey indicates that the Appleton Fault Corridor transects the Bullseye property over a 1.2 km strike length.
Exploits acquired a 100 per cent interest in 11 mineral claims (2.8 km²) through the province’s map-staking process in September 2022.
President and CEO Jeff Swinoga believes Bullseye is their most exciting gold target; the recent geophysical survey clearly shows the Appleton Fault extending right through the centre of Bullseye.
“We are fortunate to have several reported gold discoveries neighbouring Bullseye and believe we have a strong exploration framework to make a significant gold discovery. Bullseye has the potential to be a game-changing catalyst for Exploits and the mining industry in Newfoundland.”
Exploits is a Canadian mineral exploration company focused on acquiring and developing mineral projects in Newfoundland and Labrador. The company is exploring its gold projects in the Exploits Subzone, covering approximately 2,000 square kilometres of mineral tenements.
Exploits Discovery (NFLD) was down 3.85 per cent, trading at C$0.25 per share at 1:05 pm ET.
