Exploits' New High-Grade Drill Results Confirm Down-Dip Continuity of Saddle Zone

Newsfile Corp.
11 min read

Toronto, Ontario--(Newsfile Corp. - August 13, 2024) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to report encouraging gold assays results from its recent diamond drilling campaign at the Saddle Zone situated within the Company's Bullseye property. The latest assay data, received and verified from six additional drill holes, confirms multiple gold intercepts exceeding 10 g/t Au, correlating with the presence of visible gold ("VG") observed in the drill core.

The Saddle Zone is in the vicinity of the Company's drill hole # BE-23-028, near the Appleton Fault Zone (AFZ) in Central Newfoundland. In 2023, Exploits' drilling program intersected several clusters of quartz veining within an 18 metre interval of core (refer to hole # BE-23-028 assays within a news release dated August 14, 2023). The same quartz vein network appears to have been encountered again in several 2024 drill holes, including BE-24-015 with assay results showing 67.55 g/t Au over 3.30 metres (see news release July 15, 2024), as well as BE-24-016, BE-24-020, and BE-24-021, which were drilled northwest across the path of hole BE-23-028. Drill holes BE-24-018/019 were designed as short 'scout' holes testing a separate set of quartz veins to the east of the mineralized veins intersected in drill holes BE-23-015/016.

Highlights Include:

  • BE-24-021:

    • Intersected 16.32 g/t Au over 0.65 m core-length, located at a vertical depth of approximately 171 m below surface.

    • Intersected 4.80 g/t Au over 0.60 m core-length, located at a vertical depth of approximately 173 m below surface.

    • Intersected 20.92 g/t Au over 0.60 m core-length, located at a vertical depth of approximately 178 m below surface. Visible gold noted.

  • BE-24-020:

    • Intersected 3.12 g/t Au over 1.45 m core-length, located at a vertical depth of approximately 155 m below surface.

    • Intersected 12.65 g/t Au over 1.30 m core-length, located at a vertical depth of approximately 252 m below surface. Visible gold noted.

      • Including 20.67 g/t Au contribution from a 0.55 m sample

  • BE-24-016:

    • Intersected 4.43 g/t Au over 0.80 m core-length, located at a vertical depth of approximately 93 m below surface.

    • Intersected 1.48 g/t Au over 3.90 m core-length, located at a vertical depth of approximately 134 m below surface. Visible gold noted.

      • Including 3.54 g/t Au contribution from a 0.55 m sample.

      • Including 2.55 g/t Au contribution from a 0.60 m sample.

    • Intersected 1.88 g/t Au over 1.30 m core-length, located at a vertical depth of approximately 138 m below surface.

      • Including 2.59 g/t Au contribution from a 0.85 m sample.

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