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Explor Resources Inc.

Publié le 02 juillet 2015

Explor Commences East Bay Exploration Program

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Mots clés associés :   Canada | K Street |

Explor Commences East Bay Exploration Program

TOM EXPLORATION INC

15 Gamble East Street - Suite 204 - Rouyn-Noranda (Canada) J9X 3B6

Listing (TSX-V = EXS) (OTCQX= EXSFF) (FSE & BE = E1H1)

EXPLOR COMMENCES EAST BAY EXPLORATION PROGRAM

Rouyn-Noranda, Canada, July 2, 2015 - Explor Resources Inc. ("Explor or the "Corporation") (TSX-V: EXS, OTCQX: EXSFF, FSE & BE: E1H1) is pleased to announce the start of the East Bay Property exploration program. The previous exploration program conducted by Explor Resources confirmed our interpretation of the mineralization with significant results. (Press release Feb.17,

2014). The exploration program will initially consist of a preliminary 1500 meter drill program to expand on our previous success.
This program is in line with the Corporation's strategy of conducting exploration along the Porcupine Destor Fault Zone (PDFZ), where several notable gold deposits have been found in the past, including the Timmins mining camp which produced more than 65 million oz of gold. The Corporation now owns 3,842 ha of land along this section of the PDFZ, as shown on the attached plan. Explor's East Bay property is contiguous and wraps around the western and northern portion of the Clifton Star Resources' Duparquet property.
The East Bay Gold Property is located to the west of the Consolidated Beattie and Donchester Gold Property and contiguous to the ground on which Clifton Star Resources Inc. intersected wide width of gold mineralization (Press Releases dated June 19 and June 6, 2013). The former Consolidated Beattie and Donchester Gold Mines, produced over 1.0 million oz of gold between
1933 and 1956. Clifton Star in a previous press release announced (Press Release dated April 09,
2014) significant proven and probable reserves of 1,895,530 oz at 1.50 g/t Au and a measured and indicated resource of 1,127,972 oz at 1.48 g/t Au on their property.
The previous exploration program consisted of five holes drilled in 2013 (EXS-13-01 to EXS-13-05) and were spotted according to a follow-up drill program proposed in 1988. The first four drill holes encountered a sequence of highly sheared and altered felsic tuffs and quartz porphyries, with subordinate felsic and mafic volcanics and ultramafics. The fifth hole EXS 13-05 was drilled to a depth of 345.0 meters. It was completed on target returned very encouraging results at depth and near the end of the hole, including two narrow gold-bearing intersections similar to those reported in
1945 and a very long intersection of anomalous gold mineralization. The two narrow intersections consist of 2.61 g/t Au over 1.2 m in strong silicified, quartz-dolomite (ankerite) tourmaline flooded, strongly sheared felsic tuffs; and 2.0 g/t Au over 2.0 m intermittently quartz-dolomite (ankerite) flooded strongly sheared quartz porphyry.
The core from Hole EXS-15-05 was observed to have a strong sericite alteration and 1-10% finely disseminated pyrite. The long interval of anomalous gold mineralization was cored over 19.5 m (64ft), returning assays ranging 122 to 809 ppb (0.12 to 0.81 g/t Au). This thick anomalous zone is hosted by strongly sheared and sericitic quartz porphyry, marked by 10-40% quartz-dolomite (ankerite) flooding with fuchsite and locally, tourmaline and epidote; fine disseminated pyrite occurring in traces to 1-2% locally. Core angle measurements on the tectonic fabric indicate a vertical to very steep southern dip.
Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: "We are extremely pleased with the East Bay property. Explor Resources is the owner of the largest contiguous land package in the Duparquet Mining Camp. This property completes a wraparound to the west and northwest of the structure hosting the Beattie-Donchester Mines. Explor believes that the structure continues onto the Explor ground. Very little substantive exploration has been completed on Explor's East Bay Gold Property."
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 (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange 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, Québec, 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 Québec with approximately 33% in Ontario and 67% in Québec. 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 Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.
Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. 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.

For further information please contact: Christian Dupont, President

Tel: 888-997-4630 or 819-797-4630

Fax: 819-797-6050

Website:

www.explorresources.com

2

Explor 2013

DDH EXS-13-05

2.61glt Au l 1.2 m (3.9 f t)

2.03 glt Au l 2.0 m (6.5 ft)

0.54 glt Au l 12.0 m (39.3 ft)

*

" ;k

Explor 2013

DDH EXS-13-01- EXS-13-04

1.68 glt Au l 2.0 m (6.5 ft)

SEOIMENTARY ROCKS

c:::::J SAOOTONE MUOROCKORWACKE Mine

c:::::J FELStC .NlRUSfVE ROCK r:::::J CC«GlOMEI'Mineralized showing

SYENI'fE Diamond drilling

c::J OIOAil E VOLCANIC ROCKS Fault

GA66AO c:::::J INl'ERMEDIATEVCl.C.ANICROCK

c:::::J Nl) rre

s c:::::J INTEAMEOfATETUFF Source:

META.MORPHtC ROCK c:::::J MAFICVQCAHC ROCISIGtOM & GESTIM

c:::::J SCIIIST c:::::J OA$/II.T Reference en UTM nad83 zone 17

EXPLOR RESOURCES INC.

EAST BAY PROPERTY GEOLOGYMAP

32011-06

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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Explor Resources Inc.

EXPLORATEUR
CODE : EXS.V
ISIN : CA30215D2086
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Explor Resources est une société d’exploration minière d'or et de cuivre basée au Canada.

Explor Resources détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont MONTROSE, DESTOR, EASTFORD LAKE, KIDD TOWNSHIP, SAUVE, GOLDEN HARKER, EAST BAY, OPAWICA, LAUNAY, CARNEGIE, NELLIGAN, TIMMINS PORCUPINE WEST et PG-101 au Canada.

Explor Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 4,4 millions CA$ (3,4 millions US$, 3,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 05 mars 2010 à 8,10 CA$, et son plus bas niveau récent le 07 juin 2019 à 0,02 CA$.

Explor Resources possède 146 770 000 actions en circulation.

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Financements de Explor Resources Inc.
13/06/2013Closes a Private Placement of $750,000
19/02/2013Closes a Private Placement of $1,600,000
Attributions d'options de Explor Resources Inc.
13/03/2013Hires European Investor Relations Firm
14/07/2011Continues With Investor Relations Firm
31/01/2011Grants Stock Options
28/01/2010Grants 2,650,000 Stock Options at $ 0,92
07/04/2008(angl) Grants 1,800,000 Stock Options at $ 0,30
19/02/2008Amendment : increase of Stock options plan to 6,759,986
Nominations de Explor Resources Inc.
02/07/2013Appoints Jonathan Challis to the Board of Directors
Projets de Explor Resources Inc.
24/09/2013(Timmins Porcupine West)Intersects 3.23 g/tonne Au Over 6.0 Meters on Timmins Porcup...
13/08/2013(Timmins Porcupine West)Intersects 5.10 g/tonne Au Over 4.5 Meters on Timmins Porcup...
30/05/2013Resource Update
02/04/2013(Timmins Porcupine West)Intersects 6.90 g/tonne Au Over 6.5 Meters on Timmins Porcup...
10/01/2013(Timmins Porcupine West)To Begin 10,000 Meter Diamond Drill Program On Timmins Porcu...
25/10/2012CORRECTION FROM SOURCE: Explor Resources News Release
25/10/2012(Timmins Porcupine West)Intersects 6.14 g/tonne Au Over 4.50 Meters on Timmins Porcu...
26/09/2012(Timmins Porcupine West)Intersects North Limb of Syncline on Timmins Porcupine West
11/05/2011(Timmins Porcupine West)Intersects 8.12 g/tonne Au Over 15.3 Meters on Timmins Porcu...
22/03/2011(Timmins Porcupine West)Increases Timmins-Porcupine West Property
17/02/2011(Timmins Porcupine West)Intersects 135.04 G/Tonne AU Over 3.1 Meters on Timmins Porc...
04/02/2011(Eastford Lake)Eastford Lake Drill Program Update
10/01/2008(Eastford Lake) Begins Phase IV Exploration Program on Eastford Lake
Communiqués de Presse de Explor Resources Inc.
28/07/2016Explor Increases East Bay Property
05/07/2016Explor Closes a Private Placement of Unsecured Convertible D...
06/06/2016Explor increases Kidd Township Property
27/05/2016Explor Increases Ogden Property
17/05/2016Explor Announces Kidd Township Property Diamond Drilling Pro...
04/05/2016Explor Closed a Private Placement of Unsecured Convertible D...
20/04/2016Explor Issues Shares for Services to Agora
08/04/2016Explor Signs Memorandum of Understanding With First Nations
08/04/2016Explor Announces Ogden Property Diamond Drill Program
08/04/2016Explor Resources launches Agora online Marketing and Awarene...
14/01/2016Explor Board of Directors Approves the Restatement of Shareh...
14/01/2016Explor Board of Directors Approve Restatement of the Shareho...
04/11/2015EXPLOR ANNOUNCES START OF DIAMOND DRILL PROGRAM ON TIMMINS P...
04/11/2015Explor Closed a Private Placement of Unsecured Convertible D...
04/11/2015Explor announces a private placement of unsecured convertibl...
04/11/2015Explor Completes Drill Program in Duparquet on East Bay Gold...
03/11/2015Explor Closed a Private Placement of Unsecured Convertible D...
28/10/2015Explor Announces a Private Placement of Unsecured Convertibl...
19/10/2015Explor Announces Start of Diamond Drill Program on Timmins P...
06/10/2015Explor Completes Drill Program in Duparquet on East Bay Gold...
22/07/2015Explor Increases Kidd Township Property
21/04/2015Explor’s Timmins Porcupine West Update
21/04/2015Explor's Timmins Porcupine West Update
17/03/2015Explor Increases Kidd Township Property
18/02/2015Explor Adds European Representation To The Board
18/02/2015Explor Adds European Representation to the Board
10/02/2015Explor Announces the Closing of a Private Placement of Unsec...
05/01/2015Explor Closes A Private Placement For An Amount Of CDN $315,...
05/01/2015Explor Closes a Private Placement for an Amount of CDN $315,...
29/12/2014Explor Signs Option Agreement and Private Placement for the ...
29/12/2014IIROC Trading Resumption - EXS
29/12/2014Explor Signs Option Agreement and Private Placement for the ...
24/12/2014IIROC Trading Halt - EXS
23/12/2014Explor Acquires Ogden Claims
23/12/2014Explor Acquires Ogden Claims
22/12/2014Explor Resources Closes Transaction For The Sale Of The Ches...
22/12/2014Explor Resources Closes Transaction for the Sale of the Ches...
25/11/2014Explor Completes an Exploration Program on the Launay Nickel...
05/11/2014Explor Closes A First Tranche Of A Private Placement For An ...
05/11/2014Explor Closes a First Tranche of a Private Placement for an ...
20/12/2013News Release
18/12/2013News Release
07/12/2013News Release
14/11/2013News Release
22/10/2013News Release
22/10/2013Annual and Special Meeting
24/09/2013News Release
17/09/2013News Release
27/08/2013News Release
27/08/2013Reports NI 43-101 Resource Update: 609,000 Indicated Au oz; ...
10/07/2013News Release
08/07/2013News Release
02/07/2013News Release
04/06/2013Signs Memorandum of Understanding With First Nations
24/05/2013Hires Canadian Investor Relations Firm
22/05/2013News Release
16/04/2013News Release
10/04/2013News Release
02/04/2013News Release
15/03/2013News Release
13/03/2013News Release
20/02/2013News Release
19/02/2013News Release
18/01/2013News Release
25/10/2012News Release
26/09/2012News Release
07/07/2012Continues With Investor Relations Firm
06/06/2012News Release
15/05/2012News Release
01/05/2012News Release
23/04/2012News Release
17/04/2012News Release
05/04/2012News Release
27/03/2012News Release
15/03/2012News Release
13/03/2012News Release
08/03/2012News Release
23/02/2012News Release
14/02/2012News Release
18/01/2012News Release
20/12/2011News Release
09/12/2011News Release
09/12/2011News Release
05/12/2011Reports Initial NI 43-101 Resource / 127,000 Indicated Au oz...
14/10/2011News Release
13/10/2011News Release
06/10/2011News Release
23/09/2011News Release
30/08/2011News Release
25/08/2011News Release
17/08/2011News Release
03/08/2011News Release
06/07/2011(Timmins Porcupine West)to Host an Open Conference Call and Webconference to Discuss...
11/05/2011News Release
03/05/2011News Release
21/01/2008Increases East Bay Gold Property
09/01/2008 Acquires Moose Brook Copper Property
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