Appleton North

OVerview

The Appleton North Property is located on the Port Albert Peninsula and spans between Southwest Pond and First Pond, approximately 9 km southwest from the community of Horwood.

Highlights

The project is fully permitted for diamond drilling and additional exploration activities
Overlies the Dog Bay Line, a major regional scale structure within the Exploits Subzone which is believed to be spatially associated with significant gold mineralization in the region
Historic drilling intercepts of up to 9.45 g/t Au over 1 m, and trenching with up to 5.00 g/t Au over 4 m (Noranda – 1989)
Historic grab samples yielded assay results of up to 233.4 g/t Au from an unsourced quartz boulder (Quinlan – 2004)

geology & structure

The property is primarily underlain by Early Ordovician to Early Silurian mélanges and siliciclastic marine sediments. Southwestern portions of the property are underlain by Silurian non-marine siliciclastic sediments.

Structurally, the property is transected by the interpreted northeast-southwest trending Dog Bay Line. The Dog Bay Line represents a major regional scale structure within the Exploits Subzone which is believed to be spatially associated with significant gold mineralization in the region.

exploits exploration activities

The Appleton North area was covered by Exploits’ 2021 extensive VTEM survey.

Exploits’ 2022 exploration activities include extensive prospecting and mapping, as well as a large-scale soil sampling program.

Duder Lake

OVerview

The Duder Lake property located approximately 40 km north from the town of Gander, just outside the community of Birchy Bay.

Highlights

The project is fully permitted for diamond drilling and additional exploration activities
Overlies the Dog Bay Line, a major regional scale structure within the Exploits Subzone which is believed to be spatially associated with significant gold mineralization in the region
Historic drilling intercept of 9.4 g/t Au over 1.05 m (Noranda 1990)
Historical garb samples have yielded values up to 2.2 g/t Au and 26.2% Sb (Gander Exploration Inc. – 2013)

geology & structure

The Duder Lake property is underlain by Early to Late Silurian siliciclastic sediments and Ordovician mélanges. The sedimentary rocks are intruded by several fine to medium-grained gabbro dykes and sills.

Structurally, the property is transected by the interpreted northeast-southwest trending Dog Bay Line. The Dog Bay Line represents a major regional scale structure within the Exploits Subzone which is believed to be spatially associated with significant gold mineralization in the region.

exploits exploration activities

The Duder Lake area was covered by Exploits’ 2021 extensive VTEM survey.

Exploits’ 2022 exploration activities include extensive prospecting and mapping, as well as a large-scale soil sampling program.

Titan

OVerview

The Titan property is located approximately 40 km north-northwest from the town of Gander, and 8 km southwest from the community of Wings Point.

Highlights

Historic drilling intercept of up to 10.22 g/t Au over 3.35 m and 6.26 g/t Au over 1.55 m (Crosshair Exploration – 2004)
Correlation between historic mineralized drilling intercepts and the high-resolution Alpha-IP survey data have identified numerous highly prospective 2022 drill targets
The project is fully permitted for diamond drilling and additional exploration activities
Garb samples collected by Exploits’ in 2021 yielded results of up to 57.48 g/t Au

geology & structure

The Titan property is underlain by Early to Late Silurian siliciclastic marine sediments and Late Ordovician black shales.

Gold mineralization at Titan is associated with quartz-veining hosted within iron-carbonate altered northeast-trending gabbro dykes that intrude laminated and cross-bedded sediments.

exploits exploration activities

2022 exploration activities include prospecting, mapping, and a high-resolution ground penetrating Alpha-IP survey focusing on an area highlighted by historic significant mineralized drilling intercepts.

An airborne VTEM geophysical survey is planned to cover the Titan area in late-fall of 2022.

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