Explor Resources Inc.

Explor Resources Inc.

February 17, 2010 16:32 ET

Explor Begins Drill Program on Carnegie

ROUYN-NORANDA, QUEBEC, CANADA--(Marketwire - Feb. 17, 2010) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the beginning of a 2,500 meters drill program on the Carnegie Property. Approximately 10 holes are planned in this diamond drill program. The drilling is planned to test Max/min as well as IP targets there were found during the 2009 winter/spring geophysical program. The Carnegie Property is situated in the Porcupine Mining division, district of Cochrane, Province of Ontario.

The Carnegie Property is located in the central part of Carnegie township approximately 3.5 kilometres 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. The property is approximately 2.0 km off the highway. The Carnegie Property is strategically located and covers an area of approximately 1186.25 hectares in the area. The most obvious topographical feature in the area is the Kidd Creek open pit.

Geological context

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. Also there are many suites of mafic volcanic rocks. A series of untested airborne anomalies have been observed on the property. The Kidd Creek Mine located to the south of the property is known for cu-zn-pb-Ag production. The Kidd Creek mine has produced 130,000,000 tonnes of base metal ore since it started production in 1966. The presence of Mafic and Felsic rocks with anomalous Zn and copper make this an exploration property of merit. A review of existing data revealed a series of structural anomalies of interest.

Christian Dupont P.Eng is the qualified person responsible for the information contained in this release.

Explor invites its investors to visit our booth #2122 at the Investor Exchange of the PDAC 2010 located in the south building of the Metro Toronto Convention Center from March 07 to March 10, 2010.

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 Company is headquartered in Québec and was incorporated in Alberta in 1986.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS).

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. 

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.

Contact Information

  • Explor Resources Inc.
    Christian Dupont
    800-388-8668 or 819-797-4630
    819-797-6050 (FAX)
    Bay Street Connect Inc.
    Michael D'Amico
    Investor Relations