Explor Resources Inc.

Explor Resources Inc.

July 14, 2009 11:46 ET

Explor Increases East Bay Property

ROUYN-NORANDA, CANADA--(Marketwire - July 14, 2009) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the acquisition of a thirty-eight (38) unit mineral package located in the Duparquet Township, in the Rouyn-Noranda Mining Division, Province of Quebec for a total of 1,369.59 hectares. The units are contiguous to the East Bay Property. Explor will pay $20,000 at signature to acquire a 100% interest in the additional East Bay claims.

This acquisition is in line with the Company's strategy of increasing its property along the Porcupine Destor Fault Zone (PDFZ), where several notable gold deposits have been found in the past, including the Timmins mining camp which produced more than 56 million oz of gold. The Company now owns 2,631.59 ha of land along this section of the PDFZ. The East Bay property is approximately 0.5 km west of the former Consolidated Beattie and Donchester Gold Mines, which produced over 1.0 million oz of gold between 1933 and 1956.

The East Bay Gold Property is located to the west of the Consolidated Beattie and Donchester Gold Property and contiguous to the ground on which Clifton Star Resources Inc. has intersected wide width of gold mineralization. Fred Archibald, PGeo, OGQ, vice-president of exploration, for Clifton Star Resources has reported that diamond drilling on their Beattie southeast extension and the Donchester north zone has intersected large zones of mineralization. He reported that DHB08-22 has intersected continuous mineralization from 302.80 metres (m) to 423.25 m depth over a core length of 120.45 m. DHD08-01 has intersected continuous mineralization from 233.0 m to 356.0 m depth over a core length of 123.0 m and with two other sections a total of 167.25 m of mineralization within this hole. In the same press release Clifton Star has reported 12.22 g/t over 11.8 meters (Clifton Star Press Release 2008-07-10).

Geological Context & Mineralization

The mineralization on the East Bay gold property is similar to the Beattie Island within Lac Duparquet and is hosted within the Destor Theolitic Unit of the Blake River Group. Mineralization is associated with interflow volcanic sediments between andesite flows and dioritic sills. The alteration consists of silicification, carbonization and considerable sulphide enrichment.

A two-phase exploration program is planned for the East Bay property. Phase I is designed to determine the location of the structural targets via magnetic and VLF geophysics. Phase II will consist of diamond drilling on the identified target(s).

Chris Dupont P.Eng is the qualified person responsible for the information contained in 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 is headquartered in Quebec and was incorporated in Alberta in 1986.

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

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.

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

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