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Exploits Discovery Corp. (OTCQB: NFLDF) (CSE: NFLD) (FSE:634-FF) is pleased to announce that the Company has received full permitting from the Newfoundland and Labrador Government for drilling at the Jonathan’s Pond project, Newfoundland (the “Project”).
Highlights
– The drill program will focus on testing two targets:
– JP Vein: Located within the Gander River Ultramafic Belt (GRUB) Line Fault Zone. Fall 2020 mapping delineated the structural controls for gold mineralization, with surface sampling returning outcrop grab samples of up to 28.0 g/t Au and channel sampling values of 0.44 g/t Au over five meters.
– Demagnetized Fault Zone: Located ~1.5km northeast of the JP Vein and consists of a distinct two kilometre long demagnetized fault zone in geophysics that coincides with historical high grade Heavy Mineral Concentrates (HMC) of up to 410,000 ppb and float boulders up to 700 g/t Au fo
41.84 Note that the host structures are interpreted to be steeply dipping and true widths are estimated to be 70% to 80% of reported intervals. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging. This table shows highlight intervals, a number of these holes returned additional intervals of gold mineralization as reported in Table 2 below.
The intervals of 131.1 g/t Au over 4.65m and 124.4 g/t over 17.7m in Hole NFGC-20-59 start at a vertical depth of approximately 27m and continue to approximately 63m vertical depth. These intervals provide further drill confirmation of a broad zone of near surface, high-grade gold mineralization at the north end of Keats (Figure 1).
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New Found Announces Grant of Stock Options and Advises of Correction to News Release Dated April 27, 2021
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New Found Gold Corp. (
New Found or the
Company ) (TSXV: NFG) (OTC: NFGFF) announces it has granted incentive stock options to certain directors, officers, employees, and consultants of the Company to acquire an aggregate of 1,369,000 common shares in the capital of the Company at an exercise price of $6.79 (the
Options ) in accordance with the Company s 10% rolling incentive stock option plan. The Options are exercisable for a five-year term expiring April 29, 2026. As a result of this stock option grant, the Company has 15,216,500 stock options issued, representing 10% of its issued and outstanding share capital.
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Exploits Discovery Corp. (OTCQB: NFLDF) (CSE: NFLD) (FSE:634-FF) is pleased to announce that it has joined and is one of the founding member companies of the Newfoundland.Gold strategic alliance group.
Newfoundland.Gold is a strategic marketing alliance of Newfoundland focused precious metals companies collectively committed to bringing awareness to an exciting emerging gold district. The alliance, known as Newfoundland.Gold, is focused on creating innovative capital attraction initiatives to promote Newfoundland and the member companies.
Newfoundland.Gold will host its launch event, Virtual Investor Days, June 1-3, 2021 online. This online event will include corporate presentations from member companies moderated by industry thought-leaders and will feature keynote speakers daily. Registration for the Virtual Investor Days will open in May. For details and to register, please visit www.newfoundland.gol