FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Exploits Consolidates Dog Bay Claims.”
Exploits Discovery Corp. (OTCQB: NFLDF) (CSE: NFLD) (FSE:634-FF) is pleased to announce that it has entered into an agreement to acquire 100% interest in the Hicks – Dog Bay properties (the “properties”) to consolidate the Dog Bay Gold Project (the “project”) for 550,000 Exploits shares. The claims are subject to a 2.0% Net Smelter Royalty to one of the underlying vendors of which 1.0% may be bought out for $1 million at any time. This land acquisition contains several significant historic gold showings and will increase the land package by 4.5 km2.
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 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 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 discoveries 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. Exploits is financed and with two of five drill permits in place for an extensive drill program in the Spring of 2021.
For more information, please visit: Exploits Discovery Corp.
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