Saturday, May 31, 2025

Latest

Exploits Looks To Drill Schooner, Jonathan’s Pond Gold Properties

Exploits Discovery (CSE: NFLD) is looking to begin drilling its properties. The company this morning announced that it has submitted drilling permit applications for both its Jonathan’s Pond and Schooner gold projects, located within the exploits subzone of Newfoundland.

Applications submitted outline a total drill program of 6,000 metres and consisting of a total of 24 drill holes, split equally between the Jonathan’s Pond project and the Schooner Prospect at the Mt. Peyton gold project. The two drill programs are slated to begin in spring 2021, pending government approval.

Targets to be drilled under the program will be based on preliminary analysis carried out by the firms technical team, as well as partner firm GoldSpot Discoveries. Placement of the drills is to follow the same targeting techniques utilized to discover New Found Gold’s Keats Zone at its Queensway project, also located within the exploits subzone.

“The past six months at Exploits has been about consolidation of our land package and historical information, and prioritizing targets. With these permit applications we are shifting to drill planning and testing these targets. These permits form the first of a minimum of 5 drill permits that we intend to have in place when the snow comes off in the spring of 2021.”

Michael Collins, CEO of Exploits Discovery

Drilling at the Schooner prospect is targeting secondary displacement faults coming from that of the Schooner Fault, which is lcoated 3.5 kilometres west and trends subparallel to the Keats Zone at New Found Gold’s property. The target, where twelve holes will be drilled, has been deemed analogous to the Keats Zone due to similarities in the structural control.

At the Jonathan’s Pond project, a total of twelve holes have been applied for that target the JP Vein, which contains visible gold and has assayed samples as high as 29 g/t gold. Targets are to be refined with additional fieldwork while the company awaits permitting.

Exploits Discovery last traded at $0.43 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

AUX Resources Sees Shareholders Approve Scottie Resources Merger

AUX Resources (TSXV: AUX) this morning had a major announcement. The firm has seen its...

Monday, July 12, 2021, 08:45:55 AM

Sprott Sells Majority of Stake In Gran Colombia Gold

Eric Sprott has continued to sell off his holdings in Gran Colombia Gold Corp (TSX:...

Wednesday, August 19, 2020, 07:49:00 AM

Centerra Gold Takes Former Director To Court Related To Kumtor Mine Seizure

Centerra Gold Inc. (TSX: CG) announced Thursday that it has started court proceedings in the...

Friday, May 21, 2021, 09:05:10 AM

Amex Exploration Hits 1.51 G/T Gold Over 81.50 Metres At Perron

Amex Exploration (TSXV: AMX) this morning released assay results from several drill holes from its...

Thursday, December 17, 2020, 08:13:39 AM

Exploits Discovery Extends Length Of Jonathan’s Pond Project Gold Vein

Initial exploration results were released by Exploits Discovery Corp (CSE: NFLD) related to its wholly...

Thursday, November 19, 2020, 08:22:24 AM