Recently staked one of the best claims to be acquired in Central Newfoundland
Numerous drill rigs operating near its borders by other exploration companies
Fast tracking our exploration programs
Immediately advancing on this key acquisition
Drilling commenced in February
Bullseye is a tremendous opportunity for Exploits since it is on the Appleton Fault with a significant number of high-grade gold discoveries in close proximity to its borders. We recently announced our best assay results, 9.84 g/t gold over 12 metres, since the start of our 2023 Bullseye drilling program. Our talented local team is seeing a broad network of multi-stage quartz veins and related sulphide mineralization commonly associated with the Appleton fault structure. We believe this demonstrates that Bullseye has the potential to replicate or extend the high-grade gold mineralization observed by our neighbours within 250 metres of our claim boundaries.
Beyond Bullseye, Exploits has a number of large mineral claims encompassing along the highly prospective interpreted Appleton Fault Zone. Field work over the coming months will assist with the identification, prioritization, and confidence to advance new gold targets within this key exploration zone to a drill-ready stage.
projects in a WORLD-CLASS MINING JURISDICTION
100% ownership of a Strategic land position in the Exploits Subzone which hosts significant gold deposits in Newfoundland
Exploration model compares to the Fosterville Mine, which contains high-grade, structurally hosted epizonal gold— proven by New Found Gold’s success at the Keats and Lotto Zones.
Experienced team specializing in epizonal gold exploration in the Exploits Subzone of Newfoundland, including at Fosterville and Goldspot.
access to infrastructure
All projects are road accessible and have excellent access to infrastructure and provincial grid power