Exploits Discovery (CSE: NFLD) has received full permitting for its True Grit Gold Project. The permitting will enable the company to proceed with a planned 3,000 metre drill program consisting of twelve holes.
Drilling will focus on targets within a halo that has seen historic wide-low grade drill intercepts. The halo, which is 2.6 kilometres by 800 metres wide, has seen surficial gold-arsenic-antimony soil anomalies, while historic intercepts include 0.60 g/t gold over 117 metres. This historic drilling however has been found to have taken place on the fringes of the anomalies, missing the main anomalous bodies in the zone.
The company is currently targeting both high and low grade targets within the structure by drilling oblique to the inferred high grade structure. Sampling last year at the zone meanwhile resulted in assays of 15.6 g/t gold over 1.0 metre.
“With receipt of drill permitting for the True Grit project, Exploits is excited to ramp up into the next phase of exploration on this project. 2020 was all about prospecting, SGH soil, rock sampling and integrating old and new geophysical surveys. 2021 will focus on integration of high resolution Geophysic, drill targeting with our partners at GoldSpot Discoveries Corp. and drilling for discovery in 2021.”
Michael Collins, CEO of Exploits Discovery
Drill permits are still pending for four other targets across Exploits’ properties, which include the Quinlan Veins, Little Joanna Veins, Schooner, and Jonathan’s Pond targets.
Exploits Discovery last traded at $0.46 on the CSE.
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