Exploits Discovery (CSE: NFLD) has defined three high priority drill targets at the True Grit gold project, located in Newfoundland. The announcement was made by the firm this morning, with the targets being identified through the use of GoldSpot Discoveries AI data analysis technology.
The targets defined by the company display structural patterns of both primary and secondary faulting. The data is then reportedly reinforced through the results of soil anomalies discovered, structural mapping, sampling, and modeling of historic shallow drilling.
With the property known to host the deep seated GRUB Line fault, results from the program have identified a number of structures associated with the fault zone, which are reportedly similar in nature to the structures identified on New Found Gold’s Queensway project. While historical drilling took place on the property, it is believed that this drilling occurred on the fringe of the targets identified, resulting in assays that potentially don’t represent the main mineralized bodies.
The first target, which was previously poorly tested by shallow drilling, is believed to contain veining with the potential for higher capacity to host significant mineralization as a result of the structural preparation than adjacent areas of known mineralization on the property. Targets two and three meanwhile have never been drill tested to the knowledge of the company, with target two being a magnetic high and conductive EM anomaly, while target three is a coincident conductive EM signature and high priority SGH gold soil anomaly.
“Exploits exploitation strategy is benefiting our shareholders. In only 6 months we have defined and filed drill permits on 5 projects. With our first permit at True Grit we have defined 3 new targets. That is based on a synthesis of new and old geological information by some of the best minds and A.I. in the business. We look forward to drilling at True Grit and applying our exploration model to the next 4 projects.”
Michael Collins, CEO of Exploits Discovery
Exploits Discovery last traded at $0.46 on the CSE.
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