Exploits Announces Remaining Drilling Results from Phase 4 Drilling at Bullseye
Toronto, Ontario--(Newsfile Corp. - April 17, 2025) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to report its assay results from the remaining diamond drill holes completed this winter on its Bullseye property (see Table 1 below). The holes drilled in 2025 were designed to both follow up and extend mineralization at the Saddle Zone, as well as test for additional gold mineralization and prospective structures related to the western flank of the Appleton Fault Zone ("AFZ").
Jeff Swinoga, President and CEO, comments, "We are encouraged by the latest drill results, which confirm the continuation of the gold mineralization at the Saddle Zone, extending northward on our Bullseye property. These results mark the successful completion of our fourth drill campaign at Bullseye, which also include a standout intercept of 25.36 g/t gold over 1.60 metres, further extending the Horseshoe Zone at depth.
"With 20,000 metres of drilling completed to date at Bullseye, we've identified two high-grade gold zones: Horseshoe and Saddle. The recently announced resource by New Found Gold Corp. ("NFG") - spanning a 5 km stretch immediately south of our Bullseye property - further highlights the significant potential of our 10+ km of contiguous claims along the highly prospective Appleton Fault Zone. Looking ahead, the Company is well-positioned for continued advancement, with over $4 million in cash and no debt."
Figure 1: Plan map of drilling at the Bullseye property. Drill results from this release are shown in yellow text. To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6393/248837_18c95aee14d4e93a_002full.jpg
Figure 2: Simplified cross section (looking west) of Phase 4 drilling at the Bullseye property. This campaign tested each of the three areas (West, Saddle, Horseshoe, separated by dashed-lines) suggested by Company's 2024 intensive rate-rank study. The plotted large discs indicate assay values (Au g/t) from current release; the smaller discs from past releases.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6393/248837_18c95aee14d4e93a_003full.jpg
Table 1: Select drill core assays.
2025 Bullseye Drilling - Selected Assays
Hole ID
From (m)
To (m)
Length (m)
VerticalDepth (m)
Analysis Type
Au Assay (ppb)*
Au Assay (g/t)BE-25-001
44.30
45.00
0.70
~34m
FA
470.00
0.47BE-25-002
287.25
287.85
0.60
~205m
FA
466.00
0.47
AND
289.50
290.25
0.75
~207m
FA
592.00
0.59BE-25-003
18.20
19.20
1.00
~20m
FA
2,015.00
2.02
AND
286.30
287.00
0.70
~253m
FA
950.00
0.95BE-25-004
145.45
146.00
0.55
~124m
FA
4,645.00
4.65
AND
153.25
154.35
1.10
~130m
FA
512.00
0.51
AND
159.75
160.65
0.90
~137m
FA
2,772.00
2.77
AND
161.35
162.45
1.10
~139m
FA
1,301.00
1.30BE-25-005
281.00
282.25
1.25
~198m
FA
573.00
0.57*Assays reported direct from lab certificate. Screen-Met samples are 'Weighted Averaged ppb' as calculated from lab
**All intersections are core intervals and do not represent true thickness
Table 2: Drill collar data.
Bullseye - Collar Information for Reported Drill Holes Hole ID
Easting
Northing
Elevation (m)
Azimuth
Dip
Length (m)
BE-25-001
659683
5431044
37
280
-45
301
BE-25-002
659858
5430811
43
300
-45
302
BE-25-003
659686
5430796
44
320
-65
350
BE-25-004
659765
5430625
46
305
-60
302
BE-25-005
659786
5430612
51
270
-50
299Coordinates Reported in NAD-83
Bullseye Gold Property
The Bullseye claims were staked by Exploits in September 2022 and are contiguous to NFG's Queensway and Kingsway projects. The Company considers these to be highly prospective because geological interpretation shows they directly overlay a 1,200 by 800 metres segment of the AFZ and its related splay structures.
Quality Assurance - Quality Control ("QA/QC")
All prospective NQ core is logged and delineated for sampling by an Exploits' professional geologist. The core is subsequently halved by a diamond-bladed core saw by the Company's technicians, with one half being placed in a bag with a unique sample identification. The remaining half core is retained within the Company's secure storage facility in Gander, NL. Sample bags are sealed and then shipped directly to Eastern Analytical Ltd. Certified standards and blanks are inserted at defined intervals following the Company's QA/QC documented procedures, representing approximately 5% of all samples sent for assaying. All core samples are currently analyzed at Eastern Analytical Ltd. of 403 Little Bay Road, Springdale, NL, a commercial laboratory that is ISO/IEC 17025 accredited and completely independent of Exploits. Samples are analyzed using fire assay (30g) with AA finish (Au-FAA 30 ppb process) and/or a four-acid digestion followed by multi-element ICP-OES analysis. All samples with visible gold or assaying above 10.0 g/t Au are further assayed using metallic screen to mitigate the presence of the nugget effect of coarse gold. Metallic screen assays are reported as 'Weighted Averaged ppb' directly calculated from the lab.
National Instrument 43-101 Disclosure
Ken Tylee, P.Geo., VP of Exploration with Exploits, is a qualified person within the Provinces of Ontario and Newfoundland and Labrador as defined by NI 43-101 standards. Mr. Tylee has reviewed and approved the technical information presented herein.
About Exploits Discovery Corp.
Exploits is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland and Labrador, Canada. Exploits is utilizing its experienced, talented team and geologic understanding with the vision to become one of the most successful explorers in Canada.
On Behalf of the Board
/s/ "Jeff Swinoga" President and CEO
For more information, please contact:
Shanda KilbornVP, Corporate Development & Investor Relations+1 (778) 819-2708shanda@exploits.goldhttps://exploitsdiscovery.com
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
Acknowledgments
Exploits Discovery would like to acknowledge the financial support of the Junior Exploration Assistance Program from the Department of Natural Resources, Government of Newfoundland and Labrador.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248837
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