Exploits Discovery (CSE: NFLD) this morning reported results from its 2020 prospecting campaign on the northern portion of its Dog Bay Gold project. The company has seen samples assay as high as 61.3 g/t gold and 189.2 g/t silver from the campaign.
The campaign saw the company take numerous samples from outcrops and subcrop at the northern end of the project. 57 samples in total were taken from what is referred to as the Quinlan Veins, with 26 samples in total assaying over 0.1 g/t gold, with an average grade of 7.3 g/t gold.
The veins, which assayed as high as 61.3 g/t gold in certain samples, consist of several veins 50 to 70 centimetres wide over a 25 metre wide zone. Visible gold was reportedly found within the veins in fine grains, with strike measured between 5 to 20 metres on the veins before diving under overburden.
Sampling was also conducted at the Cove Veins, roughly one kilometre to the southeast of the Quinlan Veins. Here, results yielded gold content as high as 11.8 g/t gold.
Most significantly however, is the fact that secondary fault structures associated with the Appleton Fault zone were found in the region, as highlighted by geophysical analysis conducted by GoldSpot Discoveries. Such structures were found under the gold bearing sample locations, with evidence pointing to the model of orogenic gold used by New Found Gold to discover the Keats Zone.
Finally, the company also discovered a new vein system, labeled the Port Albert Veins. Found 1.5 kilometres to the northeast of the Quinlan Veins, the system consists of several veins up to 2.5 metres wide with a traced strike of up to 65.0 metres. 72 samples were taken here, with twelve returning values higher than 0.1 g/t gold. Certain samples also contained up to 97.2 g/t silver, 2.74% zinc and 1.0% lead.
“The results of first pass sampling at the high grade Quinlan Vein showing demonstrates the potential of the gold bearing Appleton Fault and crossing secondary structures. With over 50km strike of the Appleton Fault on Exploits Dog Bay and Great Bend Claims, the Company is well placed to make a drilling discovery in 2021.”
Michael Collins, President & CEO of Exploits
Exploits Discovery last traded at $0.52 on the CSE.
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