Explor Resources Inc.
TSX VENTURE : EXS

Explor Resources Inc.

September 05, 2007 15:01 ET

Explor Completes Phase III Drilling Program on the Eastford Lake Gold Project

ROUYN-NORANDA, CANADA--(Marketwire - Sept. 5, 2007) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce that Phase III diamond drill program, totaling 3283 m in six (6) holes, has been completed on the Eastford Lake Gold Property. The property is situated in the Kerrs, Warden, Milligan Townships and the Rayner Lake area, south-west of Lake Abitibi, Ontario, 90km east of the Timmins-Porcupine gold mining camp.

The Eastford Lake Property consists of 137 contiguous unpatented mining units for a total of 2,200 hectares contiguous with the SAGE Gold Inc. property. (See SAGE Gold Inc. press release dated November 08, 2005)

Phase III drilling has further confirmed the application of the Hollinger/McIntyre gold model to the Eastford Lake project area. Multiple zones of komatiitic ultramafic flows are interbedded with iron-rich basalts. These flows are intruded by feldspar porphyry sills and irregularly shaped quartz-feldspar porphyry (QFP) bodies. A complex deformation zone of sub-parallel shears traverses these rocks in an east-northeast direction. The deformation zone is marked by strong quartz/carbonate alteration, talc/chlorite alteration of ultramafics, bleaching and silicification of basalts and sericite alteration of QFP's. Strongly anomalous gold up to 1.3 grams/tonne over 1.5 m is found associated with the deformation zone, especially in and near contacts of the sericite altered QFP with strongly carbonatized and fuchsitic ultramafics. The gold mineralized deformation zone is coincident with the northern, or "up-ice" cut-off of a large cluster of gold and mercury in soil geochemical anomalies.

Phase III drilling suggests that gold values increase in a northeast direction and in close association with a large sericitized QFP intrusion which has true width greater than 200 m and undetermined strike length. Phase IV has begun and will include two approaches. Firstly, line cutting and ground geophysics will search for additional drill targets northeast of the large sericitized QFP. Secondly, down-hole Induced Polarization (I.P.) will test for pyritic gold zones near newly discovered gold-enriched intersections. These geophysical programs will guide the next phase of diamond drilling.

About Explor Resources Inc.

Explor Resources Inc., is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec and Saskatchewan. 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 is headquartered in Quebec and was incorporated in Alberta in 1986.

Chris Dupont P.Eng is the qualified person for Explor Resources Inc. and is responsible for the information contained in this release.

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

This press release was prepared by Explor Resources inc. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Christian Dupont, President
    800-388-8668 or 819-797-4630
    or
    CHF Investor Relations
    Cathy Hume, CEO
    416-868-1079
    Cathy@chfir.com