Exploits Discovery (CSE: NFLD) has received drill permits for the planned drill program at its Dog Bay Gold Project. The drill program is to focus on the Quinlan Vein prospect on the property.
The drill program currently outlined by the company consists of a total of nine holes, which are to be drilled to an aggregate depth of 2,250 metres. The program will focus on drilling for mineralization in relation to several high grade visible gold samples found within several stacked quartz veins, where samples have returned values as high as 61.3 g/t gold.
The company reports that these veins demonstrate visible gold content from surface, with the veins stacked across a width of 25 metres along a strike length of 20 metres. Strike continues until it dives under overburden, with mineralization remaining open in all directions.
“With the drill permit now secured for our Quinlan Vein prospect, Exploits is pleased to now have received four of its five drill applications. The Quinlan Vein prospect is an impressive piece of land with high grade, visible gold samples at surface and we are looking forward to unlocking its potential with the drill. Our 2021 exploration plans are taking shape with boots on the ground work to refine these targets, culminating in our Phase I drill campaign in May.”
Michael Collins, CEO of Exploits
The drill program being conducted is part of a larger 12,000 metre drill program that is fully funded for spring and summer exploration. Permits have currently been received for four out of five targets, with the Jonathan’s Pond project being the remaining property for permits to be received on. Those permits are expected to be granted shortly.
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Exploits Discovery last traded at $0.45 on the CSE.
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