EXPLOITS DISCOVERY CORP. Exploits Discovery Corp. announced the results and interpretation from the Company's detailed ground-based geophysical survey conducted on Exploits' highly prospective Bullseye gold property. The data from this survey corroborates the location of the Appleton Fault Corridor which transects the property over a strike length of approximately 1.2 kilometres.
Bullseye is located approximately 1.8 kilometres north of New Found Gold's Lotto gold discoveries. Bullseye VLF and MAG Survey: Exploits retained Simcoe Geoscience Ltd. to conduct the Bullseye ground geophysics program. A total of 48 line- kilometres were walked with survey lines spaced at 50 metres in late December 2022.
In conjunction with the VLF data, magnetic results from this survey also indicate that the Appleton Fault Corridor extends onto the Bullseye property and was utilized in the interpretation of the lower order splay structures adjacent to the Appleton Corridor. Bullseye Property: On September 27, 2022, Exploits acquired 11 mineral claims (2.8 km²) through the province's map-staking process. Exploits owns 100% interest in these claims. The Bullseye claims are located approximately 3 kilometres north of the Town of Appleton and is easily accessible via existing forestry roads and trail networks.
On December 7, the Company announced that it has received the exploration permit, from the Province of Newfoundland and Labrador, that pertains to responsibly conducting exploration activities within its new 'Bullseye' claims. The central, 'h-shaped' property is directly contiguous to New Found Gold and Labrador Gold properties where over a dozen drill rigs have been recently operating.
