Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF FSE: 634) has announced the results from airborne LiDAR (light diffraction and ranging) and airborne geophysical surveys flown over its large wholly-owned Gazeebow South claims that straddle the Appleton Fault Zone system in central Newfoundland, Canada.
Highlights have included an identified network of structural disruptions and braided splays along the Appleton Fault Zone. The local bedrock’s deformation levels and trends also indicated they are similar in scope to those displayed by New Found Gold at several high-grade gold discoveries within the Queensway North project, located about 17km to the south.
This high-resolution mapping will assist the design of the follow up collection sites from several elevated gold-grain counts generated from the preliminary gold-in-tills sampling programme.
“We are pleased to see a complex network of structural breaks and splays along the Appleton Fault Zone on our large Gazeebow property, which has the potential for gold-enriched mineralization,” commented Ken Tylee, vice president of exploration.
“The combination of both brittle and ductile structural development and some 070° trending splays observed are typically key indicators that I’ve seen within the prolific Destor-Porcupine Fault Gold Zone, which has contributed to over 100 years of gold mining within northeastern Ontario.”
Exploits is a mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland and Labrador. The company is focused on discovering high-grade structurally hosted epizonal gold similar to other success along the Appleton Fault zone and parallel structures within the Exploits Subzone.
Exploits is utilizing its local team and geologic understanding with the vision to become one of the most successful explorers in Canada. The company’s goal of advancing several Gazeebow targets to the drill-ready stage during 2024 remains on-schedule.
For further information, please visit: www.exploitsdiscovery.com
To read more articles like this, please visit: www.theassay.com
