10:53 AM EDT, 06/14/2024 (MT Newswires) -- Exploits Discovery ( NFLDF ) on Friday provided an update for its exploration programs on its properties in Central Newfoundland.

The company said it has initiated NQ core drilling on the Bullseye claims earlier this week. The initial drill holes of this program are focused around 2023's exploration hole # BE-23-028, where several clusters of mineralized quartz veining were intersected over about 18 meters.

Also, the company said down-hole televiewer surveying is ongoing at Bullseye. These 3-D orientations are helping with the design of follow-up holes targeting the structurally complex area that hosts multiple generations and orientations of mineralized veining.

The company will collect an additional 150 till samples from the west-central block of the Gazeebow South claims to further refine and follow up on the elevated gold grain counts reported in late 2023.

Further, prospecting efforts and localized mapping will continue throughout the summer at the company's Dog Bay claims and Mt. Peyton property. These efforts will focus on areas proximal to previously identified anomalous gold rock and soil samples, the company said.

The company's shares rose 6.7% on last look on Friday in Canada.

Price: 0.08, Change: +0.01, Percent Change: +6.67