Exploits Initiates LiDAR and Magnetics Surveys Along the AppExploits Initiates LiDAR and Magnetics Surveys Along the Appleton-Dog Bay Faults Within the Exploits Subzone 2023-07-06 06:02 ET - News Release
Toronto, Ontario--(Newsfile Corp. - July 6, 2023) - Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to announce commencement of an airborne LiDAR ("Light Detection and Ranging") and a magnetics survey that will cover the Company's prospective Gazeebow South and Glenwood mineral licenses within the Gander-Appleton region. These helicopter-mounted surveys will provide high-resolution geological information over these under-explored areas covering approximately 120 km2 of the parallel Appleton and Dog Bay faults attributed with several high-grade gold showings in central Newfoundland. Exploits has engaged local RPM Aerial Services ("RPM") of Holyrood, NL as the principal contractor.
Data from the LiDAR and magnetics survey will be used in addition to the current mapping, prospecting, and sampling information to identify high-priority targets for follow-up. The survey uses radar to accurately measure the earth's surface and classify structural lineaments that would have otherwise been obscured by vegetation.
The goals of this program will be the following:
- Assist with confirming the location and orientation of known gold-bearing structures (Appleton Fault Zone and Dog Bay Line) within the Exploits Subzone
- Identify new geological outcrops in areas of extensive vegetation
- Detect mineralization and alteration patterns within the bedrock
- Identify structures such as shears, faults, fractures, and folds
- Generate a high-resolution digital elevation model
- Assist with the design of an upcoming gold-in-till geochemistry survey
Jeff Swinoga, President and CEO, comments, "The centimetre-scale topographical data from these surveys will greatly assist our field geologists and prospectors in identifying the most promising target areas beyond our Bullseye gold discovery. The goal of this year's field exploration program is to generate and advance new targets along northern prospective fault lines leading to a drilling decision later this year. "
RPM is a Canadian company with its corporate office located in Holyrood, Newfoundland and is a provider of high-density geospatial data using LiDAR, Magnetometer, Photogrammetry and various other professional geospatial systems. RPM utilizes a variety of methods to collect client data, including Helicopter, Drone/RPAS, Vehicles, and Backpackable systems. RPM is also heavily involved in various development projects in collaboration with both local and international technology companies for the purpose of enhancing data collection and data management solutions.