Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF | FSE: 634) has announced that diamond drilling operations have commenced on its Bullseye gold property located within the Appleton Fault exploration trend near Gander, Newfoundland, Canada.
Drilling will be a results-driven programme focused on the potential strike extension of the high-grade Jackpot gold discovery publicized by New Found Gold Corp. (NFG) throughout the second half of 2023. Jackpot’s mineralized trend is located within approximately 200-300m of the Bullseye claim boundary.
2023 ground MAG/VLF survey data suggested that the claims within the southern sector of Bullseye have been transected by several eastern-trending structural zones that appear to correspond to NFG’s high grade Lotto and Jackpot gold discoveries.
“Bullseye is one of our most exciting properties in our portfolio with the potential to generate multiple gold discoveries in the near term,” commented Exploits Discovery CEO and president Jeff Swinoga.
“With the success at NFG’s Jackpot, its close proximity to our Bullseye’s eastern border, and the various second order faults that appear to track from Jackpot onto the southern region of Bullseye gave us confidence that south Bullseye is a compelling high-priority drill target.”
The initial 2,500m drill programme at Bullseye will include about 10 NQ core-diamond drill holes, averaging 250m in depth. Exploits has contracted Trust Drilling, a reputable all-local diamond drilling contractor for the drill programme.
Bullseye’s claims were staked by Exploits in September of 2022, and are contiguous to the several high-grade gold targets actively being drilled by both NFG and Labrador Gold. The claims are considered by the company’s geologists to be highly prospective because they directly overlay a 1,200 by 800m segment of the Appleton Fault Zone and its related splay structures.
For further information, please visit: www.exploitsdiscovery.com
To read more articles like this, please visit: www.theassay.com
