Exploits Submits Application FOR Drilling at the Little Joanna and Quinlan Vein Prospects Within the Dog BAY GOLD Project
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EXPLOITS SUBMITS APPLICATION FOR DRILLING AT THE LITTLE JOANNA AND
QUINLAN VEIN PROSPECTS WITHIN THE DOG BAY GOLD PROJECT
Vancouver, British Columbia – March 3 rd, 202 1 - Exploits Discovery Corp. (“Exploits” or the
“Company”) (CSE: NFLD) (OTCQB: RNRRF) (FSE: 634-FF) is pleased to announce the Company has
submitted drill permit applications for 4,500 metres of drilling at the Little Joanna and Quinlan
Vein prospects within the Dog Bay Gold Project, Newfoundland.
Highlights
● Exploits has planned and submitted diamond drilling applications for 18 holes totaling a
length of 4,500 metres across the Little Joanna Veins and Quinlan Veins prospects.
● 9 holes (2,250m) at the Little Joanna Veins, 9 holes (2,250m) at the Quinlan Veins
prospects.
● The diamond drill applications are in addition to the applications submitted at the
Schooner and Jonathan’s Pond prospects, totalling 10,500m over 33 holes across 4
prospects.
● Exploits drilling placement follows on the same targeting techniques used by New Found
Gold Corp. in the discovery hole at the Keats Zone (19m of 94g/t Au) targeting secondary
and tertiary displacement structures that are thought to be responsible for gold
mobilization and concentration in the Exploits Subzone*.
*sampling on adjacent properties may not be representative of results from Exploits claims.
● Exploits inaugural drilling programs are to commence pending approval in Spring 2021.
Michael Collins, President and Chief Executive Officer of Exploits, commented: “The successful
sampling campaign Exploits conducted in late 2020, coupled with the efforts of our inhouse
team and partner GoldSpot Discoveries, has doubled our tier one drill targets to four across our
projects in the Exploits Subzone. The Exploits team is excited to refine each high value target for
drilling programs as we drive towards discovery in 2021.”
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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2021 Diamond Drill Permit Locations
Figure 1: Map of Exploits Discovery claim boundaries with the location of the Little Joanna Veins, Quinlan Veins,
Schooner, and Jonathan’s Pond drill permit application areas.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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Figure 2: Preliminary drill plan for the Little Joanna Veins prospect targeting the visible gol d bearing quartz veins as
well as the interpreted structural intersection between secondary and tertiary displacement faults, highlighted by
blue circles.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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Figure 3: Preliminary drill plan for the Quinlan Veins prospect targeting the visible gold bearing quartz veins and
interpreted structural intersection between the Appleton Fault and a secondary displacement fault.
About 2021 Diamond Drilling
Exploits has identified 2 discrete targets, in addition to the 2 targets previously announced on
February 2nd, within the Dog Bay Gold Project that are nearing drill ready status. These targets
are the named the Little Joanna Veins and Quinlan Veins prospects. Drill permits have been
submitted for each prospect totalling 18 holes for a combined length of 4,500 metres. 9 holes
(2,250m) have been applied for at the Little Joanna Veins, targeting quartz veins with visible gold
at surface that assayed up to 194 g/t Au. These veins are interpreted to be structurally controlled
by a regional secondary, sub -parallel to the deep -seated Dog Bay Line fault zone, and an
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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approximately 2 km long tertiary displacement fault, named the Little Joanna Fault. 9 holes
(4,500m) were applied for at the Quinlan Vein prospect, targeting quartz veins with visible gold
at surface, returning assays of up to 61.3 g/t Au and 189 g/t Ag. These veins are also interpreted
to be structurally controlled by a regional secondary fault structure, stemming from the deep -
seated Appleton Fault zone. Additional targets are located at the interpreted intersection of the
aforementioned faults, testing possible structural dilations suitable for the deposition of gold.
Both the Little Joanna Veins and Quinlan Veins targets are deemed analogous to New Found
Gold’s Keats Zone due to the similarities in structural control and lithological host units.
While the permitting applications are being reviewed, Exploits plans to refine each target with
follow up field work. Ground geophysics, outcrop mapping, and trenching are being planned to
fine-tune each target to be drill ready once the permits have been approved.
The Little Joanna Veins and Quinlan Veins are located within a series of claims optioned from
Eddie and Roland Quinlan, (the “Quinlan Option”), on August 20, 2020 where Exploits can earn a
100% interest by paying $220,000 cash and issuing a further 2.5 million common shares and
$560,000 in either cash or common shares.
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 with visible gold or assaying above 8.00 g/t Au are
further assayed using metallic screen to mitigate the nugget effect of coarse gold, (Nugget effect
may cause a significant spread in resulting assay values using a 30 gram fire assay) . Samples in
this report were run for Ore Grade Assay with multi -acid digestion with AA finish for samples
above detection limit for silver.
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
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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Jonathan's Pond, Dog Bay, Mt. Peyton, Middle Ridge, True Grit, Great Bend and Gazeebow
projects which cumulatively cover an area of approximately 2,111 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 southwes t 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 through out 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 staki ng 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.
ON BEHALF OF THE BOARD
/s/ "Michael Collins "
President and CEO
For further information, please contact:
Michael Collins, CEO
Tel: (604) 681-3170
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in t he
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 th at 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. Al l 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.sedar.com. 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.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
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CSE: NFLD
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.