Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF | FSE: 634) has announced its results from a 2022 drilling programme at the company’s Titan gold target, located approximately 40km north-northeast of its Bullseye claims adjacent to New Found Gold’s Keats and Lotto high-grade gold discoveries.
Selected intercepts from the 20-hole programme (6,059m, NQ diameter core) are as follows:
- 3.10g/t Au over 3.23m including 16.10g/t Au over 0.40m in Hole TI-22-004
- 2.29g/t Au over 2.09m including 3.48 g/t Au over 0.39m in Hole TI-22-001
- 2.82g/t Au over 3.50m including 14.80g/t Au over 0.40m in Hole TI-22-002
- 4.99g/t Au over 0.35m, and 2.21g/t Au over 1.90m including 4.68g/t Au over 0.50m in Hole TI-22-005
- 3.86 g/t Au over 0.99m including 7.96g/t Au over 0.43m in Hole TI-22-009
- 2.33 g/t Au over 2.00m including 4.90g/t Au over 0.52m in Hole TI-22-010
- 3.69 g/t Au over 1.65m including 5.66g/t Au over 0.70m in Hole TI-22-015
Jeff Swinoga, chief executive officer of Exploits, added, “While exploration efforts continue at our highly prospective Bullseye gold target, we are pleased that the results from Titan add to our pipeline of future gold discovery opportunities outside of the Appleton Fault corridor.”
Exploits has reported that the programme successfully confirmed the presence of the gold mineralization system identified by a compilation of historic data; and traced the system to a vertical depth of 150m distributed over a strike-length of approximately 300m along the main drilling trend.
This work solidifies our opinion on the prospectivity of Exploits’ extensive land package along the Dog Bay Line structural setting. Additional work is warranted; however, we are now 100% focused on preparing for the mobilization of the drill rig into Bullseye by mid-February.”
Drilling highlights from Titan include the confirmed the presence of gold mineralization distributed within altered and sulphide-bearing gabbroic sills as indicated by the Alpha IP™ electromagnetic survey.
The orientation of the mineralized zone strikes was established to the northeast, the shallow-dipping (eastwards) units extend ‘away’ from the limited near-surface drilling reported by Crosshair in 2004. Fine grains of visible gold were also observed in centimetre-scale veins (TI-22-002 and TI-22-004).
The new drilling results were integrated with surficial mapping and historical data to develop a 3D geological model to better understand the structural controls on gold mineralization at Titan.
To find out more, please visit www.exploitsdiscovery.com