Exploits Discovery Starts High-Grade Drill Campaign at Fenton Gold Project in Québec

Exploits Discovery ( (TSE:NFLD) ) has shared an announcement.

Exploits Discovery Corp. has launched a fully permitted diamond drilling campaign at its 100%-optioned Fenton gold project near Chapais, Québec, marking its first major milestone of 2026. The winter drill program, initially targeting about 1,400 metres within a broader 3,000–5,000 metre campaign, is designed to expand known high-grade gold mineralization along strike and at depth, following up on historical high-grade intercepts and strong electromagnetic and structural targets interpreted as sulphide-rich or structurally controlled zones. The Fenton project, located in the Abitibi Greenstone Belt along the Guercheville Deformation Zone, has already demonstrated high-grade surface and core results, and the new drilling could be pivotal in growing the company’s gold ounce inventory and advancing its Québec-focused growth strategy at a time when management contends the market is valuing the company at around its cash position, implying potential upside if the campaign delivers positive results.

The most recent analyst rating on (TSE:NFLD) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on Exploits Discovery stock, see the TSE:NFLD Stock Forecast page.

Spark’s Take on TSE:NFLD Stock

According to Spark, TipRanks’ AI Analyst, TSE:NFLD is a Neutral.

The score is primarily constrained by weak financial performance (no revenue, continued losses, and negative free cash flow despite improvement), partially offset by a debt-free balance sheet. Technicals are constructive with price above major moving averages and positive MACD, but overbought signals reduce confidence. Valuation is also limited by negative earnings and no dividend support.

To see Spark’s full report on TSE:NFLD stock, click here.

More about Exploits Discovery

Exploits Discovery Corp. is a Canadian gold exploration company focused on growing gold resources in top-tier mining jurisdictions in Québec and Ontario, with key projects including Fenton, Wilson, Benoist and Hawkins. The company also retains a strategic equity position and royalty exposure to New Found Gold Corp. in Newfoundland after divesting its Newfoundland claims in 2025, and pursues a data-driven, district-scale exploration strategy and strategic partnerships to create shareholder value through discovery and resource growth.

Average Trading Volume: 325,449

Technical Sentiment Signal: Buy

Current Market Cap: C$13.87M

For a thorough assessment of NFLD stock, go to TipRanks’ Stock Analysis page.