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When it comes to gold exploration, it always pays to have more than one turn at bat. |
Gold exploration is inherently risky, so having two or more projects that could deliver a discovery gives a junior explorer a big advantage over companies with just one flagship project. |
That’s the situation for Exploits Discovery (NFLD.CN; NFLDF.OTC) now that it has assembled a portfolio of no less than four high-potential gold projects (one in Ontario, three in Quebec) with 680,000 ounces of historic gold resources. |
The Ontario project, a Hemlo analog named Hawkins, comes with hundreds of thousands of ounces of gold resource uncovered by previous operators, plus untold resources that they missed by not connecting the dots or drilling along strike and at depth. The Quebec projects (Benoist, Wilson and Fenton) lie in the very heart of the prolific Abitibi Greenstone Belt, home to more than 190 million ounces of gold production since 1901. As you’re about to see, this suite of gold projects gives Exploits Discovery the potential for million-plus-ounce resources in both regions. |
Even better: Flush with C$4.0 million in cash but still trading for a market cap of only C$6.5 million, Exploits Discovery offers investors established gold resources and big-time exploration growth potential...all for about the value of a mere shell company. |
That’s a valuation mismatch that’s not likely to last long in the current gold market, making this the perfect time to learn more about Exploits Discovery. |
A Head-Start Gold Resource In Ontario |
You may be familiar with Exploits Discovery’s projects directly on trend with Newfound Gold’s high-profile projects in Newfoundland. The excitement over those projects allowed the junior to raise millions of dollars, but when the area play blew up last year, it left Exploits a market orphan — but with a treasury still bursting with cash. So they got to work, vetting literally hundreds of gold projects...before seizing a remarkable opportunity with the Hawkins gold project. The Ontario project comes with a 330,000-ounce, inferred gold resource in its McKinnon zone, all within 200 meters of surface, and the obvious potential for much, much more. |
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Exploits Discovery’s recent Hawkins acquisition comes with a 330,000-ounce open-pittable gold resource and tons of exploration upside. |
The fact is, this already sizable resource covers only 1.5 kilometers of the 60+ kilometers of trend encompassed by the Hawkins property boundary. |
Historical drilling and recent validation have confirmed that resource’s continuity and robustness. |
Moreover, with just modest drilling, much of the inferred resource could be upgraded to the indicated status. |
A Hemlo Look-Alike |
But what makes Hawkins truly exciting is its geological similarities to Barrick’s Hemlo gold mine. That storied gold deposit has generated more than 21 million ounces of gold over a 30-year period. |
Here’s where it gets interesting: Hawkins was originally staked by Hemlo co-discover Don McKinnon...and Hawkins hosts similar rock types with a similar mineralization style. |
While Hawkins currently has lower average grades than Hemlo, early Hemlo drilling showed similar grades before deeper, richer zones were discovered. And one of the key reasons Exploits wanted the Hawkins project is that it believes the project has not been tested sufficiently at depth. |
The project comes with in-place permits and prior exploration expenditures of over C$10 million. Supported by favorable infrastructure and access, and with money in the bank, Exploits can hit the ground running with exploration at Hawkins. |
With the McKinnon deposit open both at depth and along strike and Hawkins hosting multiple gold anomalies, this project shows the clear potential for much, much more gold with the drilling ahead. |
Three Projects In The Gold-Rich Abitibi |
To the sizeable potential at Hawkins, Exploits has also just added three gold projects this week in Quebec’s portion of the Abitibi Greenstone Belt. |
The projects include a total of 340,000-ounce historic gold resource, with 240,000 ounces on the Benoist project and drill-ready exploration targets with historic high-grade results at the Wilson and Fenton projects. |
Optioned from Cartier Resources, these projects’ Abitibi address gives them access to world-class infrastructure, including roads, power and sources of local labor. |
Exploration For Free? |
The Exploits Discovery story is nothing short of extraordinary. In less than a month, the company has transformed from a Newfoundland-focused, pre-discovery story to an advanced-stage exploration story with a 680,000-ounce historic resource and the opportunity to significantly grow that resource via the drill bit. |
Trading for little more than the value of its cash in the bank, the remaining value is more than justified by its Ontario project...or its Quebec projects...or even its Newfoundland holdings — giving investors the rest of the portfolio essentially for free. |
It’s rare that the market hands over a value like this, and especially in a red-hot metals market where the junior miners are just beginning to take off. And it’s even rarer for such a bargain to remain undiscovered for long...making this the perfect time for quick-acting investors to look into Exploits Discovery. |
CLICK HERE To Learn More about Exploits Discovery Corp. |