EXPLOR TO START 3,000 METER
DIAMOND DRILL PROGRAM
ON THE
KIDD TOWNSHIP PROPERTY
Rouyn-Noranda, Canada, January
18, 2013 - Explor Resources Inc.
is pleased to announce the
commencement of a 3,000 meter
diamond drill program on the
Kidd Township Property. Explor
will focused on a 500 hectare
portion of ground located
approximately 2.0 kilometers
west
of the Kidd Creek open
pit. The property is located in
the Kidd Township in the
Porcupine Mining division,
district of Cochrane, Province
of Ontario.
The Kidd Township Property is
located in the south central
part of Kidd Township to the
west, south, south-west and
north of the Kidd Creek mine
site. The property is
approximately 20 km north of the
city of Timmins, Ontario.
Excellent access is provided by
Hwy 655. Explor’s land position
in the area is 2,466 hectares.
The most obvious topographical
feature in the area is the Kidd
Creek open pit approximately 1.6
km to the east of the property.
The property is located in a
greenstone belt composed mainly
of sequences of meta-volcanic
rocks cut by faults and
deformation zones that lie in a
NW-SE direction.
Recent analysis of the previous
completed drill program, the
MEGATEM survey, the VTEM survey
and previous historical drill
results has confirmed that a
major fault structure crosses
the northeastern corner of claim
block 4211459. This fault
structure and Explor’s claims
are shown on the attached plan.
The claims are outlined in white
and black. Both the Kidd Creek
and the Chance deposits are
located within this fault
structure that crossed the
Northern part of the claim
block. In the previous drill
program Explor found in the core
sulfide rich flow breccias and
coarse pyroclastics, which are
indicative of a volcanic mound
and nearby venting, favourable
area for the deposition of
massive sulfides.
Geological modelling for the
deposition of marine
volcanogenic massive sulphides
proposes that hydrothermal
venting usually occurs along a
deeply rooted fault “growth
fault”. Hydrothermal venting and
sulphide deposition can occur in
multiple locations over many
kilometres along such faults,
resulting in a “string” of
massive sulphide deposits (i.e.
Noranda and Mattagami mining
camps). Assuming that the Kidd
Creek and Chance deposits lie
along such a growth fault, the
projection of this fault would
crosses the northern portion of
claim 4211459 in the area of
VTEM anomalies C1 and C2, as
well as the isolated MEGATEM
anomaly which lies nestled in
between.
Chris Dupont, President and
Chief Executive Officer of
Explor Resources Inc. commented:
“We are extremely excited
that we are about to test this
major fault structure with our
proposed program on our 100%
owned Kidd Township Property.
VMS deposits tend to cluster in
districts (or camps) and locally
within districts. The average
massive sulphide camp in Canada
has about 9 deposits, but ranges
from 4 (Manitowage) to 21 (Noranda),
and 27 (Bathurst), however an
individual deposit may consist
of a number of closely
associated lenses ranging from
several thousand to several
million tons. The largest
deposits in this group may be in
excess of 100 million tons
(example: Kidd Creek, Brunswick
Bathurst No.12)”
The proposed 3,000 meter
diamond drill program
will test an area 800 meters
in length and 300 meters in
width that has not yet been
drill tested. The area to be
tested is approximately 1.0 km
to the west of the Chance (Zn-Pb-Ag)
deposit as shown on the attached
claim map. The area to be
drilled appears to be located on
the same synvolcanic collapsed
structure as the Kidd Mine and
the Chance Deposit. The EM
targets occur along magnetic
boundaries suggestive of a
rhyolite/basalt contact.
The Kidd Creek Mine located to
the east of the property is
known for
its
Cu-Zn-Pb-Ag production.
The Kidd Creek Mine has produced
over
130,000,000 tonnes of
base metal ore since it started
production in 1966. This
acquisition is being made
because of Explor’s belief in
the cluster effect of VMS
deposits. The presence of mafic
and felsic rocks with anomalous
zinc and copper make this an
exploration property of merit.
Explor invites investors to
visit our booth #1212 at the
Vancouver Resource Investment
Conference held from January 20
to January 21, 2013 at the
Vancouver Convention Centre
West.
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 includes:
indicated: 212,800 ounces of
gold (1,371,000 tonnes at
4.83 g/t Au) and inferred:
814,800 ounces of gold
(7,122,000 tonnes at 3.56 g/t Au
(Press Release dated June 06,
2012).
