Michael Fox interviews Jeff Swinoga and Ken Tylee about Exploits Discovery’s (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) recent growth and acquisitions. The company has secured two option deals in the past three weeks: the Hawkins project in Ontario, which has a historical resource of 328,000 ounces of gold near surface, and three properties in Quebec with combined resources of about 340,000 ounces. Ken explains that the Hawkins property, which they acquired from Pavey Ark Minerals Inc. has been explored intermittently since the 1980s due to its similarities to the Hemlo discovery.

Gold Exploration Strategy in Canada

The company discussed its plans for gold exploration across multiple properties in Canada. Michael explained their strategy for the Hawkins property in Ontario, where they aim to drill 2025 holes to evaluate high-grade zones and potentially build up to a million ounces of inventory. The team also reviewed their recent acquisition of three properties in Quebec through an option with Cartier Resources, with plans to spend approximately $1 million annually over five years. Ken highlighted the unique geological characteristics of the Quebec properties, noting the strong banded fabric and even distribution of gold compared to typical Timmins-style deposits. The company has about $4 million in cash and a market cap of $8-9 million, with plans to fund the upcoming drill programs using their current resources while exploring opportunities to monetize non-core claims.

Exploits Discovery