- Exploits Discovery Corp. (NFLDF, Financial) has entered into an option agreement to acquire the Hawkins gold property in Ontario.
- The McKinnon Gold Zone on the property has a historic inferred resource of 328,800 ounces of gold at 1.65 g/t.
- The acquisition involves a total investment of $4.5 million over five years.
Exploits Discovery Corp. (NFLDF) has finalized an option agreement with Pavey Ark Minerals to acquire a 100% interest in the Hawkins gold property in Ontario, Canada. This property includes the promising McKinnon Gold Zone, which contains a historic inferred resource of 328,800 ounces of gold grading 1.65 grams per tonne within 200 meters of the surface.
To secure full ownership, Exploits has committed to a financial package totaling $4.5 million over five years. This includes $1 million in cash, $1 million in shares, and $2.5 million dedicated to exploration activities. Upon completion of this agreement, Pavey Ark will retain a 2.0% net smelter royalty (NSR).
The Hawkins property spans over a 60 km mineralized belt that mirrors the geology of the Hemlo Gold Deposit, an area historically known to have produced over 21 million ounces of gold. The McKinnon Zone provides a significant expansion opportunity as it remains open both at depth and along strike, with potential for further resource growth supported by historic gold values identified in early trenching phases.
Exploits Discovery Corp. aims to leverage this strategic acquisition to enhance its position within the gold exploration sector. The company plans to quickly transition to drill testing, thanks to substantial groundwork already accomplished by previous operators. This project represents a significant advance in the company's Canadian mineral exploration initiatives, promising long-term discovery and value creation possibilities for shareholders.
