Exploits Launches High-Resolution Detailed Geophysics at Québec Gold Projects

Core Insights - Exploits Discovery Corp. has initiated high-resolution drone magnetic and VLF-EM surveys at its Fenton and Wilson gold projects in Québec to identify new areas of interest and enhance understanding of existing high-grade gold zones [1][2] - The results from these surveys will inform the design of a winter drill program aimed at expanding known resources and exploring new gold mineralization zones [1][2] Survey Details - The magnetic survey will cover 270 line kilometers at Fenton and 700 line kilometers at Wilson, while the VLF-EM survey will cover 135 line kilometers at Fenton and 350 line kilometers at Wilson [2] - The surveys will utilize 50-meter line spacing at an altitude of 35 to 40 meters above the surface for high-resolution data collection [5] Financial Position - Following the sale of its Newfoundland properties to New Found Gold Corp. for up to 3,547,100 shares at a price of $2.48 per share (approximately $8.8 million), the company will have over $10 million in cash and cash equivalents with no debt [2][16] - The company plans to use its financial resources to advance its projects in Québec and Ontario and pursue additional opportunities in mining-friendly jurisdictions [16] Project Overview - The Fenton project consists of 18 contiguous claims covering approximately 760.7 hectares, with a historical mineral resource estimate of 426,173 tonnes grading 4.66 g/t gold, totaling 63,885 ounces of gold [3][4] - The Wilson project comprises 42 contiguous claims covering 1,660 hectares, hosting multiple gold-bearing zones, including the high-grade Toussaint showing with a historical estimate of 187,706 tonnes at 7.1 g/t gold, totaling approximately 42,850 ounces of gold [8][9] Exploration Strategy - The company aims to map structural controls on gold mineralization and identify high-priority drill targets across both properties, which will significantly benefit the upcoming winter drilling programs [2][16] - The exploration strategy focuses on systematic exploration and partnerships to create shareholder value through discovery and resource growth [18]