Exploits Discovery (CSE: NFLD) has released further results from its 2020 sampling campaigns. The latest data comes from that of the Dog Bay Gold Project, where the company sampled values as high as 194 g/t gold at the Little Joanna Veins.
A total of sixteen samples were taken from both outcrop and subcrop at the Little Joanna Veins, where the company reported values ranging from 0.1 to 194 g/t gold. A total of five samples collected returned values over 100 g/t gold from the sample area as well, with 20 metres of strike being uncovered on the veins, with widths of up to 30 centimetres.
As previously identified by the company, secondary fault structures sub-parallel to the Dog Bay Line were found to underlay the gold bearing quartz veins. This as a result provides evidence for the structural controlled orogenic gold model that GoldSpot Discoveries successfully targeted at the Keats Zone for New Found Gold.
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Follow-up exploration is currently planned for the Little Joanna Veins, beginning with spatiotemporal geochemical hydrocarbon soil sampling, followed by high resolution ground geophysical surveys and trenching. This exploration will be conducted as prep work for planned drilling that is to take place on site.
“The Dog Bay Project is crosscut by major and secondary fault structures, and the visible gold in the Little Joanna veins are another demonstration that the epizonal, orogenic gold model is proving to be valid throughout the length of the Exploits Subzone fault systems. With the fieldwork, geophysics and GoldSpot A.I. analysis, we are rapidly and efficiently identifying high value targets for further exploration and drilling programs starting in spring 2021.”
Michael Collins, CEO of Exploits Discovery
Exploits Discovery last traded at $0.52 on the CSE.
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