Exploits Discovery Extends Length Of Jonathan’s Pond Project Gold Vein

Initial exploration results were released by Exploits Discovery Corp (CSE: NFLD) related to its wholly owned Jonathan’s Pond project located in Newfoundland. The company has extended a gold bearing quartz vein to a length of 250 metres, while remaining open in all directions. Initial data from both stripping and trenching were provided by the company this morning.

The project, located 25 kilometres northeast of New Found Gold’s (TSXV: NFG) Queensway discovery, has visible gold bearing quartz veins that have assayed as high as 27.96 g/t within trenches via grab sample. Today’s release was focused on the JP Vein, which has seen its strike length extended to 250 metres.

Nine preliminary grab samples taken from the vein returned values as high as 14.4 g/t gold, which were taken from host rock in contact with the vein. The significance of this is that it demonstrates that mineralization is not limited to just the primary quartz veins. Mineralization remains open along strike and within the wall rock.

Outside of this vein, the company has conducted trenching for a length of 350 metres at the project, while currently channel sampling the full length. Trenching was conducted via four separate trenches, with assays for all trenches expected to be received in early December. Despite sampling not being complete yet, the company identified that sub parallel veins and sulphide mineralization is currently present.

Trenching conducted at the JP Vein by Exploits Discovery.

Initial results from 16 metres of trench sampling conducted on trench JP 4 has returned values of 0.44 ppm gold over 5 metres. This mineralization was found 60 metres northwest of the JP Vein. Assays are currently pending from outcrop chip sampling and trench channel sampling, which are said to be ongoing.

“These results clearly merit further work at the Jonathan’s Pond property. This work also validates the Company’s thesis that the gold potential of the Exploits Subzone extends out from the Appleton Fault Zone to other deep-seated regional structures including the GRUB Line and the Dog Bay Line. Exploits has built a significant portfolio of projects that target all three regional structures, and we look forward to demonstrating their value to the market.”

Michael Collins, CEO

Enhanced technical data associated with this news release can be found here.

Exploits Discovery last traded at $0.57 on the CSE.


FULL DISCLOSURE: Exploits Discovery Corp is a client of Canacom Group, the parent company of The Deep Dive. The company has been compensated to cover Exploits Discovery Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

Mako Mining Posts US$14.3 Million In Revenue For Q3 2021

Mako Mining Corp. (TSXV: MKO) announced today its financial results for the quarter ending September...

Monday, November 29, 2021, 09:40:00 AM

Outcrop Gold Drills 1,408 G/T Silver Equivalent Over 1.5 Metres At Santa Ana

Outcrop Gold (TSXV: OCG) released results this morning from its ongoing drilling being conducted at...

Monday, November 16, 2020, 07:25:47 AM

Treasury Metals Intersects 52.6 G/T Gold Over 15 Metres At Goliath Gold Deposit

Treasury Metals Inc. (TSX: TML) announced today results from the initial 12 holes out of...

Wednesday, October 13, 2021, 10:29:00 AM

Grande Portage Hits 20.70 G/T Gold Over 3.22 Metres At Herbert Gold Project

Further assay results have been released by Grande Portage Resources (TSXV: GPG) related to its...

Tuesday, November 24, 2020, 09:20:04 AM

K2 Gold Samples 23.4 g/t Gold, Discovers New Gold Zones At Mojave

K2 Gold Corporation (TSXV: KTO) announced this morning the preliminary results from its 2021 exploration...

Thursday, May 13, 2021, 08:34:02 AM