Welcome!

News Feed Item

Explor Intersects 7.64 g/tonne Au Over 6.00 Meters on Timmins Porcupine West

ROUYN-NORANDA, CANADA -- (Marketwire) -- 11/19/12 -- Explor Resources Inc. (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H)(BERLIN:E1H) is pleased to announce the results of 10 drill holes being the next series of holes on the diamond drilling program. Holes #12-82A, 12-83, 12-83W1, 12-83W2, 12-84, 12-85, 12-86, 12-87, 12-88 and 12-89 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 mineralization from hole to hole as well as the grade encountered to date with the increasing width as we go to depth are very significant in terms of establishing a potentially large mineable gold resource."

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 Hole reported in this press release were designed to test the continuity of the mineralization. Explor has intersected gold mineralization on 97 out of 98 holes drilled to date.

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). Explor expects to release in the 4th Quarter of 2012 a new NI-43-101 technical report that will significantly increase the known resource.

Hole #          From        To              Interval                    Gold
----------------------------------------------------------------------------
                 (m)       (m)       (m)        (ft)   (g/tonne)    (oz/ton)
                                                                            
Hole #82A      347.5     349.0      1.50        4.92       4.263       0.124
               444.0     451.5      7.50       24.61       4.521       0.132
               823.5     825.0      1.50        4.92       1.610       0.047
              1041.0    1044.0      3.00        6.56       1.935       0.056
                                                                            
Hole #83       166.5     167.5      1.00        3.28       1.979       0.058
                                                                            
Hole #83W1     240.0     241.0      1.00        3.28       1.955       0.157
                                                                            
Hole #83W2     951.0     952.5      1.50        4.92       4.460       0.130
                                                                            
Hole #84        82.5      84.0      1.50        4.92       2.230       0.065
               273.0     276.0      3.00        6.56       2.223       0.065
               309.0     310.5      1.50        4.92       3.020       0.088
               363.0     366.0      3.00        9.84       2.103       0.061
               384.0     385.5      1.50        4.92       1.175       0.034
                                                                            
Hole #85       165.0     168.0      3.00        9.84       2.605       0.076
               174.0     175.5      1.50        4.92       3.600       0.105
               247.5     249.0      1.50        4.92       1.950       0.057
               265.5     267.0      1.50        4.92       1.370       0.040
               303.0     307.5      4.50       14.76       2.900       0.085
               348.0     349.5      1.50        4.92       1.370       0.040
                                                                            
Hole #86       118.5     121.0      2.50        8.20       2.742       0.080
               212.0     213.0      1.00        4.92       1.300       0.038
               241.5     247.5      6.00       19.69       7.641       0.223
               259.5     262.5      3.00        9.84       2.675       0.078
               271.5     273.0      1.50        4.92       2.400       0.070
               358.5     362.8      4.30       14.11       7.791       0.227
               394.5     396.0      1.50        4.92       1.710       0.050
                                                                            
Hole #87        70.5      73.0      2.50        8.20       1.153       0.034
               165.0     166.5      1.50        4.92       2.190       0.064
               199.5     203.6      4.10       13.45       3.039       0.089
               211.5     216.0      4.50       14.76       1.200       0.035
               259.5     260.5      1.50        4.92       2.640       0.077
               359.0     360.0      1.00        3.28       3.940       0.115
                                                                            
Hole #88       188.0     189.0      1.00        3.28       9.050       0.264
               235.0     238.5      3.50       11.48       5.228       0.153
               264.0     267.0      3.00        9.84       1.460       0.043
               351.0     352.5      1.50        4.92       6.210       0.181
                                                                            
Hole #89       103.5     105.0      1.50        4.92       1.230       0.036
               172.0     177.0      5.00       16.41       1.561       0.046
               240.0     242.0      2.00        6.56       3.430       0.100
               282.0     283.5      1.50        4.92       1.780       0.052
               336.0     336.9      0.90        2.95       1.440       0.042

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 ongoing.

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.

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.

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.

Contacts:
Explor Resources Inc.
Christian Dupont, President
888-997-4630 or 819-797-4630
819-797-6050 (FAX)
www.explorresources.com

Investor Relations
Gary Lindsey
Stratastar Marketing Group LLC
720-273-6224

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Organizations do not need a Big Data strategy; they need a business strategy that incorporates Big Data. Most organizations lack a road map for using Big Data to optimize key business processes, deliver a differentiated customer experience, or uncover new business opportunities. They do not understand what’s possible with respect to integrating Big Data into the business model.
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
Amazon is pursuing new markets and disrupting industries at an incredible pace. Almost every industry seems to be in its crosshairs. Companies and industries that once thought they were safe are now worried about being “Amazoned.”. The new watch word should be “Be afraid. Be very afraid.” In his session 21st Cloud Expo, Chris Kocher, a co-founder of Grey Heron, will address questions such as: What new areas is Amazon disrupting? How are they doing this? Where are they likely to go? What are th...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
Though cloud is the future of enterprise computing, a smooth transition of legacy applications and systems is critical for seamless business operations. IT professionals are eager to start leveraging the cost, scale and other benefits of cloud, but with massive investments already in place in existing infrastructure and a number of compliance and resource hurdles, it can be challenging to move to a cloud-based infrastructure.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, will provide a fun and simple way to introduce Machine Leaning to anyone and everyone. Together we will solve a machine learning problem and find an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intellige...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, will describe how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launchi...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...