Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF | FSE: 634) has announced that it has commenced a 2022 drilling campaign at its Titan gold target located approximately 42km north-northeast of New Found Gold’s Keats-Lotto high grade gold discovery.
President and CEO Jeff Swinoga commented, “The start of drilling at our Titan property is a key milestone in the execution and application of our new Exploration 2.0 methodology. Our talented local team’s hard work and dedication allowed us to reach this stage, and we are looking forward to the results.
Furthermore, over ten thousand soil, till and rock assays are pending from our extensive and on-going regional field programs initiated in late April 2022. We anticipate some of these assays should enhance our current targets and potentially generate new ones that Exploits can develop going forward.”
The initial drilling consists of approximately 10 – 15 diamond drill holes totalling approximately 3,500m. The company plans to employ ‘fan-style’ drilling patterns with several inclined undercuts testing subparallel mineralization with potential continuity at depth. Titan is highlighted by historic drilling intercepts of up to 10.22 g/t Au over 3.35m in drill core (historic drill hole WP-1; Crosshair Exploration, 2004) and recent Exploits’ rock samples returning values of up to 57.5 g/t Au. Exploits believes that the past drilling, only 1,559m over 20 shallow holes, was insufficient and drilling is warranted.
This drill campaign plans to test for gold mineralization suggested by relationships between recent Alpha IP survey geophysical responses and the company’s understanding of certain historic, very shallow (under 100m vertical depth) drilling results by Crosshair Exploration in 2004. The delineation of the local stratigraphy including potential gold-preferred ‘black shales’ and gabbroic sills, and the correlation with high-grade rock samples of up to 57.9 g/t Au.
“With over $11m in cash and no debt, the Company is well capitalized to continue our pursuit of gold discoveries on one of the largest and most strategic land packages in the beautiful province of Newfoundland and Labrador.” Jeff Swinoga stated.
For further information please visit: https://exploitsdiscovery.com/
