Explor Resources Inc.

Published : February 04th, 2011

Eastford Lake Drill Program Update

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Explor Resources eastford lake drill program update

 

 

 

 

 

 

 

 

Explor Resources Inc. (TSX VENTURE:EXS - News) is pleased to announce the completion of the 2010 Eastford Lake Exploration Program. A total of 3029 meter of Diamond Drilling was completed on the Eastford Lake Gold Property. The 2010 program consisted of 4 holes and was designed to test for extensions of the Lynx Zone along the Eastford Lake Shear Zone (ELSZ) and in a secondary deformation zone crossing the main shear zone. The drill holes are located as per the attached plan map (http://media3.marketwire.com/docs/eastford_lake.pdf) .

The main vein of the Lynx Gold Zone contains visible gold and appears to strike in a north-north westerly direction and is steeply dipping to the south south-westerly direction. The property is situated in the Kerrs, Warden, Milligan Townships and the Rayner Lake area, south-west of Lake Abitibi, Ontario, 90 km east of the Timmins-Porcupine gold mining camp. The Eastford Lake Property consists of 170 contiguous unpatented mining units for a total of 3,100 hectares.

A study realized by Robert Tremblay of Val-d'Or focussed on mapping all structural features and their correlation with gold mineralization. As a result of this review, a first interpretative geological map of the gold-bearing zone was developed. The drilling program is based on the positive results that were obtained with this study. The program is designated to determine the strike of the high grade mineralization that was found in Hole #7.

Explor Resources Inc. has released the results of four diamond drill holes drilled during 2010 on their Eastford Lake Gold property. Holes 24 to 27 are reported in this press release. In 2008, hole EG-08-07 drilled 16.6 g/t Au / 12m (the Lynx Zone) within a 400m wide northwest trending shear zone (Eastford Lake Shear Zone or ELSZ). Holes wedged off hole #7 during 2009 confirmed the strong mineralization. (Press release February 09, 2011)

Diamond Drill Hole #EG-10-24 (787m in length) and #EG-10-25 (743m in length) were drilled north of the Lynx zone to test the possibility that a gold bearing, crosscutting fault zone (hole # EG-09-23: 2.3 g/t, 2.0 g/t, 1.4 g/t, 4.6 g/t, 3.6 g/t, 2.4 g/t, 1.0 g/t, 1.6 g/t Au) may be the NNE trending extension of the Lynx Zone. The best assay from hole EG-10-24 was 512 ppb, and from hole EG-10-25 was 414 ppb.

Diamond Drill Hole #EG-10-27 (750m in length) was designed to test the crosscutting fault zone south of the Lynx Zone. Best assay was 153 ppb.

Diamond Drill Hole EG-10-26 (749m in length) tested the 400m wide main shear zone about 200m northwest of the Lynx Zone. The best assays are shown below.




                                                                         
Hole #         From        To          Interval              Gold   
--------------------------------------------------------------------------
                 (m)       (m)       (m)      (ft)   (g/tonne)    (oz/ton)
EG-10-26       87.2      88.2      1.00      3.28       2.260       0.066
              117.5     119.0      1.50      4.92       1.130       0.033
              120.5     122.0      1.50      4.92       2.810       0.082
              132.5     134.0      1.50      4.92       3.700       0.108
              198.5     200.0      1.50      4.92       1.580       0.046

The results of the 2010 diamond drill program suggest the following:




1.  The cluster of gold assays in hole EG-10-26 occur along structural,
    lithological and alteration that strike northwest of the Lynx Zone. This
    suggests that the strongest known Au mineralization in the immediate
    area (including the Lynx Zone) occurs within and is controlled by the
    northwest trending Eastford Lake Fault Zone.
   
2.  The multiple Au intersections grading up to 4.6 gpt in previously
    drilled hole EG-09-23 may indicate a separate gold zone parallel to the
    Lynx Zone, or, it may be controlled by the crossfault.
   

The discovery of the Lynx Gold Zone in this largely unexplored area represents a major technical success. As a possible new gold camp associated with the regional Destor-Porcupine Fault, it requires further systematic drilling to test and improve the proposed geological model, extend the known gold zones and search for new mineralized zones elsewhere on the property. Explor will incorporate these positive results in the Eastford Lake Model and continue with the Exploration of this possible new gold camp.

Explor invites investors to visit our booth #2122 at the Investor Exchange of the PDAC 2011 located in the south building of the Metro Toronto Convention Center from March 06 to March 09, 2011.

Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources Inc. is a public listed company trading on the TSX Venture (EXS).

This press release was prepared by Explor Resources Inc. Neither the TSX Venture Exchange Inc nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Company is headquartered in Quebec and was incorporated in Alberta in 1986.

This document may contain forward-looking statements relating to Explor's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not placed on such forward- looking statements. Explor disclaims any intention or obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Contact:

Christian Dupont, President
Explor Resources Inc.
888-997-4630 or 819-797-4630
819-797-6050 (FAX)
www.explorresources.com

 

 

 

 

 

 

Explor Resources Inc.

EXPLORATION STAGE
CODE : EXS.V
ISIN : CA30215D2086
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Explor Resources is a gold and copper exploration company based in Canada.

Explor Resources holds various exploration projects in Canada.

Its main exploration properties are MONTROSE, DESTOR, EASTFORD LAKE, KIDD TOWNSHIP, SAUVE, GOLDEN HARKER, EAST BAY, OPAWICA, LAUNAY, CARNEGIE, NELLIGAN, TIMMINS PORCUPINE WEST and PG-101 in Canada.

Explor Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.4 millions as of today (US$ 3.4 millions, € 3.0 millions).

Its stock quote reached its highest recent level on March 05, 2010 at CA$ 8.10, and its lowest recent point on June 07, 2019 at CA$ 0.02.

Explor Resources has 146 770 000 shares outstanding.

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Financings of Explor Resources Inc.
6/13/2013Closes a Private Placement of $750,000
2/19/2013Closes a Private Placement of $1,600,000
Option Grants of Explor Resources Inc.
3/13/2013Hires European Investor Relations Firm
7/14/2011Continues With Investor Relations Firm
1/31/2011Grants Stock Options
1/28/2010Grants 2,650,000 Stock Options at $ 0,92
4/7/2008(angl) Grants 1,800,000 Stock Options at $ 0,30
2/19/2008Amendment : increase of Stock options plan to 6,759,986
Nominations of Explor Resources Inc.
7/2/2013Appoints Jonathan Challis to the Board of Directors
Project news of Explor Resources Inc.
9/24/2013(Timmins Porcupine West)Intersects 3.23 g/tonne Au Over 6.0 Meters on Timmins Porcup...
8/13/2013(Timmins Porcupine West)Intersects 5.10 g/tonne Au Over 4.5 Meters on Timmins Porcup...
5/30/2013Resource Update
4/2/2013(Timmins Porcupine West)Intersects 6.90 g/tonne Au Over 6.5 Meters on Timmins Porcup...
1/10/2013(Timmins Porcupine West)To Begin 10,000 Meter Diamond Drill Program On Timmins Porcu...
10/25/2012CORRECTION FROM SOURCE: Explor Resources News Release
10/25/2012(Timmins Porcupine West)Intersects 6.14 g/tonne Au Over 4.50 Meters on Timmins Porcu...
9/26/2012(Timmins Porcupine West)Intersects North Limb of Syncline on Timmins Porcupine West
5/11/2011(Timmins Porcupine West)Intersects 8.12 g/tonne Au Over 15.3 Meters on Timmins Porcu...
3/22/2011(Timmins Porcupine West)Increases Timmins-Porcupine West Property
2/17/2011(Timmins Porcupine West)Intersects 135.04 G/Tonne AU Over 3.1 Meters on Timmins Porc...
2/4/2011(Eastford Lake)Eastford Lake Drill Program Update
1/10/2008(Eastford Lake) Begins Phase IV Exploration Program on Eastford Lake
Corporate news of Explor Resources Inc.
7/28/2016Explor Increases East Bay Property
7/5/2016Explor Closes a Private Placement of Unsecured Convertible D...
6/6/2016Explor increases Kidd Township Property
5/27/2016Explor Increases Ogden Property
5/17/2016Explor Announces Kidd Township Property Diamond Drilling Pro...
5/4/2016Explor Closed a Private Placement of Unsecured Convertible D...
4/20/2016Explor Issues Shares for Services to Agora
4/8/2016Explor Signs Memorandum of Understanding With First Nations
4/8/2016Explor Announces Ogden Property Diamond Drill Program
4/8/2016Explor Resources launches Agora online Marketing and Awarene...
1/14/2016Explor Board of Directors Approves the Restatement of Shareh...
1/14/2016Explor Board of Directors Approve Restatement of the Shareho...
11/4/2015EXPLOR ANNOUNCES START OF DIAMOND DRILL PROGRAM ON TIMMINS P...
11/4/2015Explor Closed a Private Placement of Unsecured Convertible D...
11/4/2015Explor announces a private placement of unsecured convertibl...
11/4/2015Explor Completes Drill Program in Duparquet on East Bay Gold...
11/3/2015Explor Closed a Private Placement of Unsecured Convertible D...
10/28/2015Explor Announces a Private Placement of Unsecured Convertibl...
10/19/2015Explor Announces Start of Diamond Drill Program on Timmins P...
10/6/2015Explor Completes Drill Program in Duparquet on East Bay Gold...
7/22/2015Explor Increases Kidd Township Property
4/21/2015Explor’s Timmins Porcupine West Update
4/21/2015Explor's Timmins Porcupine West Update
3/17/2015Explor Increases Kidd Township Property
2/18/2015Explor Adds European Representation To The Board
2/18/2015Explor Adds European Representation to the Board
2/10/2015Explor Announces the Closing of a Private Placement of Unsec...
1/5/2015Explor Closes A Private Placement For An Amount Of CDN $315,...
1/5/2015Explor Closes a Private Placement for an Amount of CDN $315,...
12/29/2014Explor Signs Option Agreement and Private Placement for the ...
12/29/2014IIROC Trading Resumption - EXS
12/29/2014Explor Signs Option Agreement and Private Placement for the ...
12/24/2014IIROC Trading Halt - EXS
12/23/2014Explor Acquires Ogden Claims
12/23/2014Explor Acquires Ogden Claims
12/22/2014Explor Resources Closes Transaction For The Sale Of The Ches...
12/22/2014Explor Resources Closes Transaction for the Sale of the Ches...
11/25/2014Explor Completes an Exploration Program on the Launay Nickel...
11/5/2014Explor Closes A First Tranche Of A Private Placement For An ...
11/5/2014Explor Closes a First Tranche of a Private Placement for an ...
12/20/2013News Release
12/18/2013News Release
12/7/2013News Release
11/14/2013News Release
10/22/2013News Release
10/22/2013Annual and Special Meeting
9/24/2013News Release
9/17/2013News Release
8/27/2013News Release
8/27/2013Reports NI 43-101 Resource Update: 609,000 Indicated Au oz; ...
7/10/2013News Release
7/8/2013News Release
7/2/2013News Release
6/4/2013Signs Memorandum of Understanding With First Nations
5/24/2013Hires Canadian Investor Relations Firm
5/22/2013News Release
4/16/2013News Release
4/10/2013News Release
4/2/2013News Release
3/15/2013News Release
3/13/2013News Release
2/20/2013News Release
2/19/2013News Release
1/18/2013News Release
10/25/2012News Release
9/26/2012News Release
7/7/2012Continues With Investor Relations Firm
6/6/2012News Release
5/15/2012News Release
5/1/2012News Release
4/23/2012News Release
4/17/2012News Release
4/5/2012News Release
3/27/2012News Release
3/15/2012News Release
3/13/2012News Release
3/8/2012News Release
2/23/2012News Release
2/14/2012News Release
1/18/2012News Release
12/20/2011News Release
12/9/2011News Release
12/9/2011News Release
12/5/2011Reports Initial NI 43-101 Resource / 127,000 Indicated Au oz...
10/14/2011News Release
10/13/2011News Release
10/6/2011News Release
9/23/2011News Release
8/30/2011News Release
8/25/2011News Release
8/17/2011News Release
8/3/2011News Release
7/6/2011(Timmins Porcupine West)to Host an Open Conference Call and Webconference to Discuss...
5/11/2011News Release
5/3/2011News Release
1/21/2008Increases East Bay Gold Property
1/9/2008 Acquires Moose Brook Copper Property
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