Explor Resources Inc.

Explor Resources Inc.

December 18, 2013 11:51 ET

Explor Chester Copper Property Review

ROUYN-NORANDA, CANADA--(Marketwired - Dec. 18, 2013) - Explor Resources Inc. ("Explor" or the "Corporation") (TSX VENTURE:EXS)(OTCQX:EXSFD)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce a review of the historical data on the Chester Copper Property. All available information on the New Brunswick Department of Mines, SEDAR and private files were reviewed.

Please note that the historical information in Explor's Press Release dated April 10, 2013 is based on a review of the NI 43-101 technical report entitled "Technical Report Chester Copper Property New Brunswick Canada" dated May 30, 2008 and effective March 20, 2008 as prepared by Robert C. Sim, P.Geo and Bruce M. Davis, FAus IMM. The NI 43-101 technical report was completed for First Narrow Resources Corp. and was filed on www.sedar.com on June 3, 2008.

The mineral resource estimate was prepared under the direction of Robert Sim, P.Geo., with the assistance of Bruce Davis, FAusIMM. Mr. Sim was the independent Qualified Person as defined by NI 43-101, and was responsible for the mineral resource estimate.

Estimations were made using ordinary kriging with a nominal block size of 2 meters. The resource estimate was generated from drill hole sample assay results and the interpretation of a geologic model which relates to the spatial distribution of copper and silver. Interpolation characteristics were defined based on the geology, drill hole spacing and geostatistical analysis of the data. The resources were classified by their proximity to the sample locations and are reported, as required by NI 43-101, according to the CIM standards on Mineral Resources and Reserves.

The mineral resource estimate was based on a 3-D geologic and mineralization model that integrates all exploration work on the project as of March 20, 2008. A rigorous quality control and quality assurance protocol was used on the project, including blank and reference samples with each batch of assays. All drill samples were analyzed by ICP at Activation Labs in Ancaster, Ontario, Canada. The 2006 and 2007 drill program and sampling protocol was managed by Ernest Brooks, P. Geo, CIM and F.G.A.C., the Qualified Person as defined by NI 43-101 for the Chester project. Assay quality control and quality assurance standards were managed by Mr. Sim and Mr. Davis.

At present, to the best of Explor's knowledge, information and belief, there is no new material scientific or technical information that would make the disclosure of the mineral resource as stated in the historical NI 43-101 inaccurate or misleading.

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 (EXSFD) 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.

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.

Contact Information

  • Christian Dupont, President
    888-997-4630 or 819-797-4630
    819-797-6050 (FAX)
    Website: www.explorresources.com/

    Investor Relations:
    Gary Lindsey, North America: Ph: 1-720-273-6224
    Michael Adams, Europe : E-mail: info@star-ir.com