Explor Intersects 3.23 g/tonne Au Over 6.0 Meters on Timmins Porcupine West
Published : September 24, 2013
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Keywords :   Canada | Diamond | Europe | Gold | Market | Report | Storage |

ROUYN-NORANDA, CANADA--(Marketwired - Sept. 24, 2013) - Explor Resources Inc. (News - Market indicators)(OTCQX:EXSFF)(FRANKFURT:E1H)(BERLIN:E1H) is pleased to announce the results of 5 drill holes being the next series of holes on the Diamond drilling program. Holes #13-114, #13-115, #13-117, #13-118, & #13-119 are reported in this press release.

The attached DDH plan and Open Pit Plan view shows the location of three potential Open Pit areas that are located over an 1800 meter strike length and 250 meters of depth. The attached long section "AA" shows the drill target areas "A" and "B". Current drilling is concentrated in Area "B" in order to increase the near surface resource and connect the eastern portion of the potential open pit areas. Once completed, the current exploration program will move Explor to the next phase which will include a Preliminary Economic Analysis of the potential Open Pit.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: "We continue to be extremely pleased and encouraged by these excellent drill results. The fact that Explor continues to intersect near surface exist gold mineralization in area "B" continue to confirm existence of a near surface open pit gold resource that extends over a strike length of 1800 meters."

It is important to note that the strike length of the gold mineralization is greater than 2000 meters at depth. The continuity of mineralization continues to be confirmed, and the structure remains open on strike and at depth. Explor has intersected gold mineralization in 113 out of 118 holes drilled to date and 64 out of 65 wedges. The current Diamond drilling has been designed to test the continuity of the near surface gold mineralization as it relates to a potential open pit.

The mineralization on the south limb strikes east northeast and dips to the north at 70 to 80 degrees. The drilling confirms the association of gold mineralization with Quartz feldspar (QFP) and syenite porphyry, found at both the Lakeshore and West Timmins Properties. The larger zones of mineralization display a strong spatial relationship with proximity to syenite intrusive rocks and high Fe-tholeitic volcanic rocks. The 3D Geological Model may be viewed on our website: www.explorresources.com.

Explor is focused on developing a mineable resource based on the drill results that have been obtained to date. The NI 43-101 technical report has been completed by P & E Mining Consultants of Brampton, Ontario (Press Release dated August 27, 2013).

Hole # From To Interval Gold
  (m) (m) (m) (ft) (g/tonne) (oz/ton)
Hole #114 321.5 322.5 1.50 4.92 2.820 0.082
             
Hole #115 90.0 91.5 1.50 4.92 3.630 0.106
  93.0 96.0 3.00 9.84 2.391 0.070
  163.5 166.0 2.50 8.20 3.195 0.093
  196.5 198.0 1.50 4.92 1.230 0.036
  226.5 232.5 6.00 19.68 3.229 0.094
  244.5 246.0 1.50 4.92 1.270 0.037
  400.5 402.0 1.50 4.92 2.420 0.071
  420.0 421.5 1.50 4.92 1.320 0.039
  442.5 444.0 1.50 4.92 1.490 0.043
             
Hole #117 117.0 120.0 3.00 9.84 11.168 0.326
  238.5 241.5 3.00 9.84 2.377 0.069
  418.5 421.5 3.00 9.84 8.986 0.262
             
Hole #118 88.5 90.0 1.50 4.92 4.810 0.140
  241.5 243.0 1.50 4.92 3.017 0.088
  483.0 484.5 1.50 4.92 15.980 0.466
             
Hole #119 416.1 417.1 1.00 3.28 3.940 0.115
             

Please note assays are pending.

Assays are conducted on NQ sized half core sections. The Diamond drill core is logged and sampled following general industry practices whereby logged and sample marked core is sawn in half, with one-half bagged and tagged for shipment to the assay laboratory and the remaining half of the sawn core returned to the core box for storage and future reference. Blanks and assay standards are inserted at regular intervals in each sample batch. Assays are conducted using a standard fire assay technique on a 30 gram sample with a gravimetric finish by Laboratoire Expert Inc., of Rouyn-Noranda, Quebec or Activations Laboratories Ltd., of Timmins Ontario. Routine duplicates are completed by Laboratoire Expert inc. and or Activations Laboratories Ltd. Pulps and rejects are returned and stored in secure containers. Intersections are reported using drilled widths unless specified otherwise, with assay values.

The results of Explor's drilling have been incorporated into the Timmins Porcupine West Exploration Video which is available for viewing on the website. The Timmins Porcupine West Project has as a Target Model "The Hollinger-McIntyre-Coniaurum System." To date, Explor's drill program has confirmed the idealized Hollinger-McIntyre-Coniaurum (HMC) isometric model. The HMC system has produced a total of over 30 million oz of gold and is spatially associated with the Pearl Lake Porphyry.

The Timmins Porcupine West Gold Property consists of 185 unpatented mining units and 3 patented claims located in the Bristol and Ogden Townships in the Timmins-Porcupine Mining Camp for a total 3,200 hectares. The property is contiguous with Lakeshore Gold West Timmins Mine. Highway 101 bisects the property and provides access from the city of Timmins located 13 km to the east.

The property has been explored since 1927 by numerous ground geophysical surveys and Diamond drilling of up to 111 holes. In 1984, Dome Exploration discovered and delineated a gold mineralized zone that was approximately 350 meters long and 45 meters wide and is open below 350 meters of vertical depth. The drill program on the Timmins Porcupine West Property is on- going.

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

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H).

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 was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:

Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au) 

Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)

Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:

Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au) 

Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

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 be 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.

DDH plan and Open Pit Plan view are available at the following link: http://media3.marketwire.com/docs/openpitreduced_location_ENG.pdf



Christian Dupont, President
888-997-4630 or 819-797-4630
819-797-6050 (FAX)
www.explorresources.com
or
Investor Relations:
Gary Lindsey, United States: Ph: 1-720-273-6224
Jay Bedard, Canada: Ph: 1-416-977-7778
Michael Adams, Europe : info@star-ir.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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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