Exploits' Gazeebow South Follow-Up Tills Program: High Gold Grain Counts Along the Appleton Fault Zone

Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) has announced encouraging results from its 2024 till sampling program at the Gazeebow South property, located along the Appleton Fault Zone (AFZ) in Central Newfoundland. The program revealed elevated gold grain counts, with samples showing up to 14 times greater than the local area's background levels. This significant increase from the 2023 sampling results further strengthens the confidence in the gold mineralization potential along the Appleton Fault Zone.

The 2024 till sampling program identified multiple areas with anomalous gold grain counts, including samples with 73, 84, 67, and 55 total gold grains. A significant portion of these grains were classified as 'Pristine' or 'Modified' (26-52% and 7-33% respectively), indicating a short transport distance from their source. These findings suggest that the northern extension of the Appleton Fault Zone and related splays have the potential to be a source of gold mineralization on the Gazeebow South property.



The complex network of structural disruptions and braided splays identified by airborne LiDAR and magnetics surveys on the Gazeebow South property is significant for several reasons. These findings indicate a favorable geological environment for gold mineralization, resembling deformation patterns at New Found Gold's high-grade gold discoveries within the Queensway North project, approximately 17 kilometers to the south. This similarity suggests that the geological conditions that led to gold mineralization at New Found Gold's sites may also be present at Gazeebow South, further enhancing the district-scale potential of the region.

The complex network of structural disruptions and braided splays also highlights the potential for multiple gold zones within the Gazeebow South property, increasing the potential for discovering additional gold deposits in the region. This is consistent with the elevated gold grain counts identified in the till sampling program, further reinforcing the presence of multiple anomalous gold grain zones.

In conclusion, the 2024 till sampling program at Gazeebow South has revealed elevated gold grain counts, up to 14 times greater than the local area's background levels. These findings, along with the complex network of structural disruptions and braided splays identified by airborne LiDAR and magnetics surveys, contribute to the district-scale potential of the region in Central Newfoundland. The consistent presence of elevated gold grain counts along the Appleton Fault Zone further strengthens the confidence in the gold mineralization potential of the region, as indicated by the results of the 2024 till sampling program at Gazeebow South.