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Exploits Discovery Corp C.NFLD

Alternate Symbol(s):  NFLDF

Exploits Discovery Corp. is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland and Labrador, Canada. The Company is focused on discovering high-grade structurally hosted epizonal gold. Its exploration and evaluation properties include Middle Ridge Property, Great Bend Property, True Grit Property, Mount Peyton Property, Gazeebow Property, Dog Bay Property, Jonathan’s Pond Property, and others. The Middle Ridge property consists of about 1,536 mineral claims covering an area of approximately 384 square kilometers. The Great Bend Property consists of about 1,800 mineral claims encompassing a land area of 450 square kilometers. The True Grit property consists of about 1,030 mineral claims covering approximately 258 square kilometers. The Mount Peyton property consists of about 722 mineral claims and encompasses a land area of 181 square kilometers. The Gazeebow property consists of about 603 mineral claims.


CSE:NFLD - Post by User

Comment by Yo_Dogon Nov 20, 2022 2:08pm
202 Views
Post# 35113955

RE:interesting

RE:interestingI found the mining code for newfoundland. 
When you stake a claim it is recorded but the title is not issued for a month after that date.
The cost to stake in low at $65 per claim. HOWEVER, each claim needs $200 of exploration expenses for the first year. It goes up by $50 every year. So if you stake 1000 claims, you will have to spend $200,000 ib exploration in the first year. If you do not spend this money you can send the gov $200/claim to keep them. 
I can see that companies with big claim packages must be spending a lot of money. 
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