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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
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