Exploits Discovery (CSE: NFLD) has received additional permits for its planned 2021 drill programs. The company this morning announced the receipt of permits for the planned program at the Little Joanna Vein prospect, which is located within the Dog Bay Gold project.
The planned drill program at the prospect consists of a total of nine holes that are to total 2,250 metres. Drilling is to focus on the high grade visible gold at surface, where samples of up to 194 g/t gold have been taken within quartz veins. The company will look to intersect similar mineralization within associated fault structures at depth, with drilling to be based on analysis of geophysical data.
The Little Joanna quartz veins are known to be at least 20 metres long before disappearing below overburden at both ends of the strike. The veins have been found to range from 20 to 50 centimeters wide. 16 samples to date have been taken from the prospect, with sampling in late 2020 having five assays returned with high gold values, with assays of 118, 119, 123, 133, and 194 g/t gold being returned.
“Exploits continues to deliver drill permit approvals on high priority targets that we have developed in the Exploits Subzone Gold Belt. I am impressed with our team’s ability to generate these gold targets so quickly and look forward to getting a drill turning quickly this spring.”Michael Collins, President and Chief Executive Officer
Drilling of the Little Joanna Veins is part of a larger property-wide exploration program planned for 2021. The company currently has a total of five targets for drilling, with a total 12,500 metres planned for the season. True Grit, Schooner, and Little Joanna have now received permitting, while permits remain pending for the Quinlan Veins and Jonathan’s Pond project.
Exploits Discovery last traded at $0.42 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.