Risk and valuation analysis of the Timmins Porcupine West Project |
Status Risk : Early discovery |
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Title(s) of the Timmins Porcupine West Project |
| Explor Resources Inc. Option on interest: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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Explor Resources inc., will pay a total of $110,000 CDN and issue 5,000,000 common shares over a 2 year period for an Option to acquire a 100% interest in the Timmins Porcupine West Gold Property. |
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Location of the Timmins Porcupine West Project |
The Timmins Porcupine West property consists of 106 unpatented mining units located in the Bristol and Ogden Townships in the Timmins-Porcupine Mining Camp for a total 1,930 hectares as shown on the attached property map. The property is contiguous with West Timmins Mining Inc.
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History of the Timmins Porcupine West Project |
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 is approximately 350 meters long and 45 meters more...
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Geology of the Timmins Porcupine West Project |
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The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. The deposits appear to be also associated with splay faults that trend off to the North of the Porcupine Destor fault inside an interpreted splay fault corridor as shown on the attached plan.
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