공시 • May 19
Exploits Discovery Corp. Provides Update of 2022 Exploration Plans and Remaining Assay Results from 2021 Drilling Program
Exploits Discovery Corp. provided an update on its fully-funded 2022 exploration programs focused along the interpreted Appleton Fault where recent significant high-grade gold discoveries have been announced, and the remaining final assay results from 2021 drilling program at the Schooner, Little Joanna, and Jonathan's Pond targets. Exploits' 2022 Exploration Programs: Field Work Commenced: Aggressive 2022 field work is focusing on areas along the Appleton Fault corridor, as well as additional prospective areas of interest identified by the team through comprehensive historical data compilation. The company’s local field team has commenced prospecting, mapping, and sampling at various prospective areas on the Company's Dog Bay North, Dog Bay Central, and Titan claim groups. In anticipation of the company’s extensive and aggressive field campaign, the company has hired additional staff and obtained the necessary resources. Initiated High-Density Geochemical Soil Survey: Exploits has commenced an initial high-density soils sampling program (approx. 11,000 samples) at the Dog Bay Central claims group encompassing new Titan South, Duder Lake, and Appleton North targets. This program is designed to cover approximately 18 kilometres of northern extents of the prospective Appleton Fault corridor (as identified by GoldSpot Discoveries) though analysis of airborne VTEM geophysics. Sampling is conducted at 100-metre line spacing and 50-metrer sample point spacing, sample density has been increased to 25-metre spacing over localized higher-priority areas of interest. Local exploration team has confirmed the potential for orogenic gold mineralization at these targets through historic data analysis, prospecting, modern mapping and sampling, and the 2021 airborne VTEM geophysics. Prospective areas are highlighted below. Gold assays reported grams/tonne (g/t Au), and include: Appleton North: Multiple historic high-grade grab samples including 233.4 g/t Au, 25.1 g/t Au, 24.2 g/t Au, 19.7 g/t Au, and 16.3 g/t Au. These sample sites are coincident with the Interpreted Appleton Fault corridor. Duder Lake: Multiple historic anomalous grab samples including 8.3 g/t Au, 7.6 g/t Au, 3.3 g/t Au, 2.8 g/t Au, and 2.5 g/t Au; Historic anomalous soil samples up to 2.2 g/t Au. Samples are coincident with the Interpreted Appleton Fault corridor. Historic drilling in the area, completed by other companies in the 1980-1990s, produced significant mineralized intersections including: 7.29 g/t Au over 2.55 m and 6.09 g/t Au over 3.1 m (drill hole DL96-3); 5.4 g/t Au over 5.2 m (drill hole DL96-5); 4.42 g/t Au over 3.4 m, 4.5 g/t Au over 7.8 m, and 7.01 g/t Au over 2.8 m (drill hole DL90-1); 3.46 g/t Au over 7.25 m, 4.27 g/t Au over 4.75 m, and 5.68 g/t Au over 3.35 m (drill hole DL90-6). Titan South: Historic Heavy Metal Concentrate (HMC) samples including 44.7 g/t Au, 5.7 g/t Au, and 3.5 g/t Au located proximal to the Appleton Fault. Since late April 2022, 778 samples have been collected. Geologists remain in close contact with the sample crews to timely follow up if favourable alteration/mineralization is noted within the targeted soil horizons or bedrock indicators. To expedite turnaround times for assaying samples, Exploits will send soil and rock samples to the SGS Canada's Mobile Sample Preparation Unit (MSPU). The MSPU is being established in Grand Falls (Newfoundland) for processing and shipped to SGS's analytical laboratory in Burnaby (British Columbia) for multi-metal analysis. Alpha IP Survey to be completed at Titan: Exploits plans to complete a high-definition Alpha IP survey at Titan in early summer. The IP survey will cover a prospective area of approximately 1 kilometre x 1 kilometre identified from historic surface sampling and drilling. Titan is underlain by siliclastic marine sediments of the Indian Island Group. Historic surface sampling and drilling at Titan indicates a northeast trending mineralized corridor extending over approximately 550 metres of strike length. Historic drilling and trenching indicate that mineralization is associated with altered gabbroic intrusions and localized irregular quartz veining. Significant historic drilling intersections at Titan completed by Crosshair Exploration and Mining in 2004 2005 include: 6.77 g/t Au over 5 m from 18.45 23.70 m downhole, including 10.22 g/t Au over 3.35 m from 20.35 23.70 m downhole (drill hole WP-01); 3.65 g/t Au over 2.32 m from 20.91 23.23 m down hole, including 10.30 g/t Au over 0.53 m from 21.70 22.23 m downhole (WP-05); 4.45 g/t Au over 2.50 m from 18.50 21.00 m downhole (WP-06); 1.68 g/t Au over 11.82 m from 17.20 29.02 m downhole, including 6.26 g/t Au over 1.55m from 21.75 23.30 m downhole, including 13.76 g/t Au over 0.40 m from 22.40 22.80 m downhole (drill hole WP-12); 5.22 g/t Au over 1.55 m from 54.14 55.35 m downhole, including 10.9 g/t Au over 0.50 m from 54.15 54.65 m downhole (WP-18); 4.18 g/t Au over 2.00 m from 36.10 38.10 m downhole, including 7.06 g/t Au over 0.85 m from 36.75 37.60m downhole (WP-19). Historic drilling has tested the mineralized trend at Titan over a strike length of approximately 250 metres and to a vertical depth of 65 metres. Exploits is excited to identify the potential for deeper and more extensive mineralization from the results of the 2022 high-definition Alpha IP survey.
