Exploits Discovery Corp (CSE: NFLD) this morning announced that it has discovered several new sulphide bearing quartz veins along with multiple occurrences of visible gold at its Dog Bag Gold Project. The Dog Bay Gold project is located along both the Appleton Fault and Day Bay Line Fault within Newfoundland and Labrador.
With regards to the visible gold discovered on the property, the occurrences are located forty five kilometres apart, along with an occurrence of base metals. The visible mineralization was found within quartz veins across four separate locations on the property. In total, the company identified four new veins on the property, with strike lengths ranging from 4 to 65 metres, while widths range from twenty centimetres to three metres.
The four veins discovered, referred to as Little Joanna, Embran, Port Albert, and Quinlan, all visibly contain sulphide mineralization. Little Joanna, which covers 20 metres of strike currently at an average width of 30 centimetres along the Dog Bay Line Fault zone, contains fine and coarse visible gold.
Embran meanwhile is proximal to the Appleton Fault Zone, with the strike also covering roughly twenty metres at present. Widths on this vein are up to fifty centimetres, with fine visible gold being discovered in panned sediments that were shed from the vein.
The Port Albert and Quinlan Veins finally are located in the northeast corner of the project. Port Albert is the longest of the newly discovered veins with a strike of over 65 metres, while the vein is up to 2.5 metres wide with mineralization representing the presence of lead, zinc and copper. Quinlan meanwhile has widths between fifty to seventy centimetres, with strike of up to 20 metres currently being visible. Visible gold was also found here as fine grains in crack seal fractures, and as fine to course grains in the quartz veins.
“Exploits Discovery is very excited about the new discoveries of visible gold being made at the Dog Bay Gold Project, which is the result of the hard work put in by Exploits’ local prospecting team. The discoveries provide the company with an increasing number of targets on the Appleton fault and Dog Bay Line within the evolving Exploits Subzone Gold Belt and we intend to aggressively follow up these occurrences.”Michael Collins, CEO
Exploits Discovery last traded at $0.58 on the CSE.
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