Posted on 2
Exploits Discovery Corp. (OTCQB: NFLDF) (CSE: NFLD) (FSE: 634-FF) is pleased to announce that it has mobilized a diamond drilling rig, and will commence Phase One drilling today at Exploits’ 100% owned Schooner Prospect (the “Prospect”), located within Exploits’ Mt. Peyton Project (the “project”) in the Exploits Subzone Gold Belt, Newfoundland.
Highlights
– A diamond drill has been mobilized, and will begin drilling today at the Schooner Prospect, south of the town of Glenwood, in the Mt. Peyton Project.
– The drilling program will test the Schooner Fault Zone identified by GoldSpot Discoveries Corp. (TSX.V: SPOT), a sub-parallel trending fault system located 3.5 km west of the known gold bearing Appleton Fault that hosts New Found Gold’s Keats, Lotto, and Knob Zone gold discoveries.
(2)
Toronto, Ontario (Newsfile Corp. - January 14, 2021) - GoldSpot Discoveries Corp. (TSXV: SPOT) ( GoldSpot or the Company ) and Exploits Discovery Corp (CSE: NFLD) ( Exploits ) are pleased to announce they have identified secondary faults parallel to the mineralized Appleton fault which hosts New Found Gold Corp s ( NFGC ) discovery hole, on its Mt. Peyton Project. GoldSpot is a shareholder of Exploits.
GoldSpot and Exploits are proud to announce, that through GoldSpot s historical compilation, re-interpretation, and data analysis techniques, it has identified a secondary parallel structure approximately 3.5 Kilometers west of NFGC s Keats discovery zone on its Appleton Fault. This newly identified northeast-southwest trending structure, termed the Schooner Fault, lies coincident with Torq Resources 2017 till program in which they reported anomalous gold till results in close proximity to the interpreted zone. The Schooner Fault is recommended by GoldSpot for additional fo