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15 Gamble East Street - Suite 204 -
Rouyn-Noranda
(Canada) J9X 3B6
 Listing
(TSX-V = EXS) (OTCQX= EXSFF) (FSE =
E1H)
EXPLOR
INTERSECTS 600 M OF DOWN DIP STRIKE
LENGTH
FROM
SURFACE TO THE SOUTH ZONE
ON
TIMMINS
PORCUPINE WEST
Rouyn-Noranda, Canada, February 20,
2013
Explor Resources Inc.
(TSX-V: EXS, OTCQX: EXSFF, FSE: E1H)
is pleased to announce the results
of 9 drill holes being the next
series of holes on the diamond
drilling program. Holes #12-90,
12-91, 12-92, 12-93, 12-94, 12-95,
12-96, 12-97, and 12-98 are reported
in this press release.
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 continuity of
the structure and mineralization in
the west end as we go from the lower
grade near surface to the higher
grade at depth is very significant
as this proves out the
mineralization for an additional 600
meters of down dip strike length and
the establishing of a potentially
large mineable gold resource.”
The gold mineralization in holes
12-90, 12-91, 12-92, 12-93, 12-94,
12-95, 12-96, 12-97 and 12-98 all
line up, up-dip of the deeper gold
zones around Hole 10-30, 10-09 etc.
and the near surface gold
mineralization in holes 11-38,
11-39, 11-40 and 10-26. This
provides a down dip strike length of
600 m from surface to the deeper
gold zone around 10-30. The gold
zone dips at 70-75 degrees north dip
to the south zone.
It is important to note that the
strike length of the gold
mineralization is greater than 2000
meters. The continuity of
mineralization continues to be
confirmed, and the structure remains
open on strike and at depth. All the
Diamond Drill Holes reported in this
press release were designed to test
the continuity of the
mineralization. Explor has
intersected gold mineralization on
95 out of 98 holes drilled to date.
The current diamond drilling has
been designed to determine 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 MRB Associates
of Val-d’Or, Quebec and P & E Mining
Consultants of Brampton, Ontario
(Press Releases dated December 05,
2011 and June 06, 2012).
|
Hole
# |
|
From |
To |
Interval |
Gold |
|
|
|
(m) |
(m) |
(m) |
(ft) |
(g/tonne) |
(oz/ton) |
|
|
|
|
|
|
|
|
|
|
Hole #90 |
|
175.3 |
177.0 |
1.70 |
5.58 |
3.085 |
0.090 |
|
|
|
189.5 |
192.0 |
2.50 |
8.21 |
1.557 |
0.045 |
|
|
|
|
|
|
|
|
|
|
Hole #91 |
|
70.5 |
72.0 |
1.50 |
4.92 |
1.366 |
0.040 |
|
|
|
118.5 |
120.0 |
1.50 |
4.92 |
1.940 |
0.057 |
|
|
|
422.0 |
423.0 |
1.00 |
3.28 |
2.167 |
0.063 |
|
|
|
435.0 |
436.5 |
1.50 |
4.92 |
1.097 |
0.032 |
|
|
|
|
|
|
|
|
|
|
Hole #92 |
|
177.8 |
178.4 |
0.60 |
1.97 |
3.240 |
0.095 |
|
|
|
502.5 |
504.0 |
1.50 |
4.92 |
1.078 |
0.032 |
|
|
|
516.0 |
517.5 |
1.50 |
4.92 |
2.016 |
0.059 |
|
|
|
|
|
|
|
|
|
|
Hole #93 |
No
significant values |
|
|
|
|
|
|
|
|
|
|
Hole #94 |
|
332.8 |
334.8 |
2.00 |
6.56 |
1.791 |
0.052 |
|
|
|
334.8 |
335.8 |
1.00 |
3.28 |
1.298 |
0.038 |
|
|
|
468.9 |
469.9 |
1.00 |
3.28 |
1.434 |
0.042 |
|
|
|
524.6 |
525.6 |
1.00 |
3.28 |
1.187 |
0.035 |
|
|
|
559.9 |
560.9 |
1.00 |
3.28 |
3.896 |
0.114 |
|
|
|
|
|
|
|
|
|
|
Hole #95 |
|
207.3 |
208.8 |
1.50 |
4.92 |
1.780 |
0.052 |
|
|
|
344.0 |
345.0 |
1.00 |
3.28 |
1.672 |
0.049 |
|
|
|
355.5 |
360.0 |
4.50 |
14.76 |
1.394 |
0.041 |
|
|
|
563.0 |
564.0 |
1.00 |
3.28 |
1.582 |
0.046 |
|
|
|
|
|
|
|
|
|
|
Hole #96 |
|
157.1 |
158.2 |
1.10 |
3.28 |
1.304 |
0.038 |
|
|
|
168.0 |
169.0 |
1.00 |
3.28 |
3.144 |
0.092 |
|
|
|
256.5 |
259.5 |
2.00 |
6.56 |
2.459 |
0.072 |
|
|
|
|
|
|
|
|
|
|
Hole #97 |
|
73.5 |
74.5 |
1.00 |
3.28 |
1.331 |
0.039 |
|
|
|
177.0 |
179.0 |
3.00 |
9.84 |
3.323 |
0.097 |
|
|
|
|
|
|
|
|
|
|
Hole #98 |
|
288.0 |
289.5 |
1.50 |
4.92 |
4.030 |
0.118 |
|
|
|
304.5 |
307.5 |
3.00 |
9.84 |
1.929 |
0.056 |
|
|
|
400.5 |
402.0 |
1.50 |
4.92 |
1.011 |
0.029 |
|
|
|
484.5 |
486.0 |
1.50 |
4.92 |
1.811 |
0.053 |
|
|
|
|
|
|
|
|
|
Please note assays are pending.
The NI 43-101 technical report is
available on SEDAR and on the
Company Website. 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 idealised
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.
Explor Resources invites investors
to visit our booth at the following
conference:
Booth #2122 at the Investor Exchange
of the PDAC 2013 located in the
south building of the Metro Toronto
Convention Center from March 3 to
March 6, 2012.
The management team at Explor
Resources Inc. looks forward to
having you join us.
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).
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.
For further information please
contact:
Christian Dupont,
President
Investor Relations: Gary Lindsey
el: 888-997-4630 or
819-797-4630 Stratastar
Marketing Group LLC
Fax:
819-797-6050
Tel: 720-273-6224
Website:
www.explorresources.com
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