Exploits Discovery (CSE: NFLD) this morning announced a mid season update to its ongoing exploration work across its Newfoundland-based properties. Chief among the updates is the commencement of drilling at the firms Jonathan’s Pond project.
Drilling at the Jonathan’s Pond project is set to consist of a total of 3,000 metres initially across twelve drill holes. Drilling at the property is focused on the large vein system previously discovered, where historic samples have reportedly returned samples as high as 700 g/t gold.
Elsewhere on the firms properties, drilling has been completed at the Quinlan Veins, with a total of 13 holes drilled of 2,235 metres. Schooner North also saw its program completed, with follow up drilling slated to take place in September.
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Prospecting along with soil and rock sampling is continuing as well, with the firm reporting that over 1,800 samples have now been collected at the Mount Peyton, Dog Bay, and True Grit projects.
“The initial round of drilling at our first two projects is complete and we await assay results from the veined intercepts encountered in a number of the holes. These results are anticipated by early October.”
William M. Sheriff, Interim CEO
Exploits Discovery last traded at $0.74 on the CSE.
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