Saturday, September 13, 2025

Exploits Discovery Receives Final Permits For 2021 Drill Programs

Exploits Discovery (CSE: NFLD) this morning revealed that it has received its fifth and final drill permit for its planned 2021 drill programs. The Newfoundland and Labrador government has awarded the company with a permit to drill its Jonathan’s Pond project.

The drill program slated to take place at Jonathan’s Pond consists of a total of twelve drill holes over a total of 3,000 metres. The program is set to focus on the JP vein, wherein outcrop grab samples last year assayed as high as 28.0 g/t gold, and the demagnetized fault zone, located 1.5 kilometres north of the JP Vein. The latter consists of a distinct two kilometre long fault zone that have returned float boulders with assay values as high as 700 g/t gold.

The drill program is expected to see a total of four holes drilled at the JP Vein target, while the remaining eight are to be drilled along the demagnetized fault zone. The drill program is said to be fully funded, and part of a larger 12,000 metre program being conducted across the firms numerous properties in the region over the course of the 2021 drill season.

“It is fantastic to now have all five of our drilling permits in place. In eight months the Company has defined high grade gold drill targets, permitted them and will be turning a drill in May. With a resurgent gold market and other companies producing excellent results in Newfoundland, Exploits is well positioned to build value for our shareholders through discovery in 2021.“

Michael Collins, CEO of Exploits Discovery

Exploits Discovery last traded at $0.64 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.

Video Articles

Soma Gold Q2 Earnings: Production Drops Amid Growth Effort

Guanajuato Q2 Earnings: Things Are Going Backwards

Electric Metals: The Sole US Domestic Source Of A Critical Mineral?

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

O2Gold: A Colombian Jr. Mining Company – The Daily Dive

In this episode, the Daily Dive welcomes Jaime Lalinde, CEO of O2Gold (TSXV: OTGO) to...

Wednesday, September 22, 2021, 01:30:00 PM

SKRR Exploration Mobilizes Field Crew For Leland Property Winter Drill Program

SKRR Exploration (TSXV: SKRR) has mobilized crews for its winter drill program at the Leland...

Tuesday, January 26, 2021, 09:25:39 AM

Aux Resources: Anticipation Of Assay Results

It’s been well noted that we have been following AUX Resources Corporation (TSXV: AUX), a...

Tuesday, October 20, 2020, 11:31:00 AM

West Red Lake Gold Hits 77.87 g/t Gold Over 1.9 Metres At Rowan Mine

West Red Lake Gold Mines (CSE: RLG) yesterday had a midday news release. The news...

Friday, October 15, 2021, 07:33:03 AM

Beijing Ramps Up Gold Imports In Pivot Away from US Dollar

China has quietly ramped up gold imports by authorizing major banks to use foreign exchange...

Wednesday, May 14, 2025, 10:14:00 AM