July 13, 2021
Vancouver, British Columbia – July 13, 2021 – Exploits Discovery Corp. (“Exploits” or the “Company”) (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634-FF) is pleased to announce the assay results at the Duder Lake Prospect from the late 2020 prospect sampling campaign, and discuss upside potential on high priority targets at its 100% owned Titan Prospect (5km east of Duder Lake Prospect), that hosts one of Exploits highest grade historical diamond drill holes within the Dog Bay Property (the “Property”).
- The gold mineralization at the Duder Lake Prospect is situated ~500 metres from the interpreted Appleton Fault and represents another target along the 30 kilometres of Appleton Fault strike length that lies within the Dog Bay Gold Project.
- A large-scale northeast-southwest trending fault that stretches from the Appleton Fault to the Dog Bay Fault has been identified 500m south of historic drill hole WP-01 at the Titan Prospect. This fault has been identified through Exploits’ partner GoldSpot Discoveries (TSX.V: SPOT) A.I. targeting strategies. (See map below).
- 36 samples from outcrop and subcrop, as well as 21, 1-metre channel samples, at the Duder Lake Prospect were taken. Assay values ranged from null to 3.3 g/t Au in grab sample, with 12 grab samples returning assay values between 1.0 to 3.3 g/t Au and up to 8 g/t Au over 1-metre in channel sampling.
- The Titan Prospect hosts historical diamond drill hole WP-01, which returned 22g/t Au over 3.35 metres and trench results of 15.25 g/t Au over 3.00 metres (Crosshair Exploration, 2004).
- This new data suggests a new model for gold mineralization in the historic Titan Prospect drilling and trenching area, with a second airborne VTEM geophysical survey, in addition to Exploits’ southern projects, being planned to cover the Dog Bay Gold Project. The data will be processed by GoldSpot’s proven A.I. and data analysis technology which was the basis for New Found Gold’s Keat Zone discovery along the Appleton Fault Zone.
William M. Sheriff, Interim President & Chief Executive Officer of Exploits, commented: “The results from the Duder Lake Prospect continue to demonstrate the scale of mineralization along the 30 kilometres of Appleton Fault situated on Exploits’ Dog Bay Gold Project. We see potential for both focused high grade mineralization, such as the Quinlan Veins, as well as lower grade peripheral systems along this structural corridor. Our technical team at Exploits also continues to identify value in historically explored targets within the company’s projects, such as at the Titan Prospect, 5km to the east. Reinterpreting the results with new ideas and data analysis techniques allows us to revisit these areas and expand on the first pass drilling that was only scratching the surface. These are the initial type of results seen by New Found Gold; it shows gold in the system and may represent larger scale lower grade deposits that lie peripheral or above the higher grade structures.”