Exploits Discovers Visible GOLD IN Quartz Veins at Dog BAY
EXPLOITS DISCOVERS VISIBLE GOLD IN QUARTZ VEINS AT DOG BAY
Vancouver, December 2th, 2020 - Exploits Discovery Corp., (“Exploits” or the “Company”) (CSE:
NFLD) (FSE: 634-FF) is pleased to announce the discovery of visible gold (VG) in quartz veins along
with several newly identified occurrences of sulphide bearing quartz veins at the Dog Bay Gold
Project (the “Project”), located along the prospective Appleton and Dog Bay Line Fault Zones in
the Exploits Subzone, Newfoundland & Labrador.
Program Highlights
• Two occurrences of visible gold identified 45 km apart and one occurrence of base metals
found in quartz veins were discovered within four locations with multiple quartz veins
across the 121.25 km² Dog Bay Gold Project (see pictures below).
• Veins are found to be between 0.2 to 3.0 metres wide at surface with average strike
lengths currently prospected between 4.0 to 65.0 metres long and display epizonal
orogenic style vein textures.
• Multiple prospecting crews are currently on the property sampling the new discoveries
and traversing other areas of interest across the Project.
Michael Collins, President & Chief Executive Officer of Exploits, commented: “Exploits Discovery
is very excited about the new discoveries of visible gold being made at the Dog Bay Gold Project,
which is the result of the hard work put in by Exploits’ local prospecting team. The discoveries
provide the company with an increasing number of targets on the Appleton fault and Dog Bay
Line within the evolving Exploits Subzone Gold Belt and we intend to aggressively follow up these
occurrences.”
Exploits ground crew are on site following up the newly discovered vein systems with sampling
and further traverses to get a first pass look at the potential surficial footprint of each location.
This work is in addition to the 2,021 SGH soil samples that were collected over a 4 km² area of
the Appleton Fault Zone.
Geology Map of VG in Quartz Vein Discoveries
Figure 1: Geology map of the Dog Bay Gold Project with locations of the newly discovered Little Joanna, Embran,
Quinlan, and Port Albert Quartz Veins. Veins with visible gold are indicated by gold stars.
Vein Descriptions
Four new vein discoveries were found up to 45 km apart within the Dog Bay Gold Project with
two vein systems containing visible gold, one vein system with base metal sulphides (sphalerite
and galena), and all veins displaying sulphide mineralization, including pyrite, arsenopyrite +/-
chalcopyrite. These new veins are the Little Joanna vein system in the southwest along the Dog
Bay Line Fault Zone, the Embran vein and breccia veins which are proximal to the Appleton Fault
Zone, and the Port Albert and Quinlan Vein systems in the northeast corner of the project.
The Little Joanna vein has been uncovered up to 20 metres of strike length at an average width
of 30 centimetres before becoming buried under thicker overburden on both ends. Abundant
fine and coarse visible gold was seen within the veins (Figure 2). The vein is mainly milky white
and is vuggy in texture in some sections. Stylolites of sulphide were observed along with fine to
medium grained pyrite and arsenopyrite in the quartz vein itself.
Figure 2: Medium grained visible gold (VG) from the Little Joanna Quartz Vein discovery in the Dog Bay Gold Project.
Gold grains were observed between <1 millimetre and 3 millimetres in diameter. Black shale inclusions and sulphide
stylolite veinlets are typical in the quartz veining.
The Embran quartz veins and vein breccias are located proximal to the Appleton Fault Zone and
are up to 50 centimetres wide and are exposed for 20 metres before they go under cover at both
ends. The veins are similar in appearance and texture to the Little Joanna veins, however, display
more sulphide mineralization in the form of pyrite and arsenopyrite. Fine grained visible gold was
found in panned sediments shed from the veins and host rock taken from within the exposed
vein location.
The Quinlan veins are several 50 to 70 centimetre-wide quartz veins, currently traced between 5
to 20 metres in strike length before diving under overburden cover. Visible gold was discovered
as fine grains in crack seal fractures and as fine to coarse grains in the quartz veins (Figure 3).
Trace sulphide mineralization is also present in the quartz veins as pyrite, chalcopyrite, galena,
and sphalerite. The veins are milky white with sections of vuggy and crack seal textures, which
are typical of epizonal, orogenic gold deposits.
Figure 3: Example of fine-grained visible gold (VG) from the Quinlan Veins. Visible gold grains are <1 to 2 millimetres
in diameter. Pyrite (Py) and arsenopyrite (ASP) are observed along the quartz vein boundary with the host rock and
as minor veinlets within the quartz.
The Port Albert vein system consists of several veins up to 2.5 metres wide and have been traced
up to 65.0 metres in strike. These veins contain abundant pyrite, sphalerite, galena, and
chalcopyrite mineralization (Figure 4), representing the presence of a system containing Zinc,
Lead, and Copper. The quartz veins are milky white with profuse pink hematite and rusty sulphide
staining. Crack seal and vuggy textures were described within the veins along with minor sections
of brecciation.
Figure 4: Hand samples from the Port Albert Quartz Vein with examples of pyrite, chalcopyrite, sphalerite, and galena
mineralization.
Quality Assurance – Quality Control (“QA/QC”)
All rock samples are collected by company personnel and bagged in the field with a sample tag
for identification. The bags are sealed with tape and kept secure at a company facility until they
are transported directly to the lab by Exploits staff.
All rock samples are analyzed at Eastern Analytical of 403 Little Bay Road, Springdale, NL, a
commercial laboratory that is ISO/IEC 17025 accredited and completely independent of Exploits
Discovery Corp. Eastern Analytical pulverized 1000 grams of each sample to 95% < 89 μm.
Samples are analyzed using fire assay (30g) with AA finish and an ICP-34, four acid digestion
followed by ICP-OES analysis. All samples above 8.00 g/t Au are further assayed using metallic
screen to mitigate the presence of the nugget effect of coarse gold.
National Instrument 43-101 disclosure
Ian Herbranson, P.Geo, is Vice-President of Exploration for the company, and qualified person as
defined by National Instrument 43-101. Mr. Herbranson supervised the preparation of the
technical information in this news release.
About Exploits Discovery Corp.
Exploits Discovery is a Canadian mineral exploration company focused on the acquisition and
development of mineral projects in Newfoundland, Canada. The company currently holds the
Middle Ridge, True Grit, Great Bend, Mt. Peyton, Jonathan's Pond, Gazeebow and Dog Bay
projects which cumulatively cover an area of 2,074 square kilometres.
All projects within Exploits portfolio lie within the Exploits Subzone.
Exploits believes that the Exploits subzone, which runs 200 km from Dog Bay southwest to Bay
d'Espoir, has been neglected since the last major exploration campaigns in the 1980s. The last 40
years have seen incremental advancements in the understanding of gold mineralization in the
camp. The sum of this knowledge is now coming together in discrete and effective exploration
models that have delivered discovery such as New Found Gold's 2019 discovery of 92.86 g/t Au
over 19.0 metres near surface. The Exploits Subzone and GRUB regions have been the focus of
major staking and financing throughout 2020, with increased exploration activities forecasted in
the area moving into 2021.
The team at Exploits, with significant local experience and knowledge, have studied the entirety
of the Exploits subzone and picked individual land packages for staking or joint venture where
there is an opportunity for world class discoveries and mine development. Exploits intends to
leverage its local team and the larger shift in understanding and become one of the most
extensive explorers in the Exploits subzone.
We seek Safe Harbor.
ON BEHALF OF THE BOARD
/s/ "Michael Collins "
President and CEO
For further information, please contact:
Michael Collins, CEO
Tel: (604) 681-3170
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policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news
release.
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and reflect management's current expectations and assumptions. Such forward-looking statements reflect
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