Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF | FSE: 634) has announced early results from its till sampling programme, which was recently conducted on its 100% owned Gazeebow South property located along the Appleton Fault Zone (AFZ) in Central Newfoundland, Canada.
The elevated number of pristine grains in these samples indicates a short transport distance and confirms the potential that the AFZ and related splays are a local source of gold mineralization on the property.
“These are very encouraging early results from our gold in-till survey on our Gazeebow South property with only 25% reported so far. It is quickly evident that these gold grain occurrences have not traveled far and line up nicely with the AFZ,” commented Jeff Swinoga, president and CEO.
“Till sampling is a preferred and historically successful method of identifying potential areas of gold mineralization in Central Newfoundland. We intend to continue to aggressively advance our knowledge of the gold mineralization at the large Gazeebow property to develop drill-ready targets for 2024, and potentially create a pipeline of gold discoveries.”
Five samples from three discrete areas along the fault zone had elevated gold grain counts ranging up to five times greater than background levels. Elevated levels of gold grains were also identified throughout the first 34 samples collected, with 16 of the 34 samples collected containing more than 30 total grains of gold.
Till sample gold grain counts:
- 50 gold grains (Modified + Pristine) of which 22 (44%) grains are classified as ‘Pristine’
- 37 gold grains (Modified + Pristine) of which 13 (37%) grains are classified as ‘Pristine’
- 34 gold grains (Modified + Pristine) of which 13 (34%) grains are classified as ‘Pristine’
Follow-up till sampling has commenced on 100m spacings to better define the extent of the anomalies and identify the source of the gold. These results represent only a quarter of the overall survey underway and assaying will be completed at the end of the study.
For further information, please visit: www.exploitsdiscovery.com
To read more articles like this, please visit: www.theassay.com
