Explor Resources Inc.
TSX VENTURE : EXS

Explor Resources Inc.

March 20, 2009 16:42 ET

Explor Increases Land Position-Carnegie Area

ROUYN-NORANDA, CANADA--(Marketwire - March 20, 2009) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the acquisition of one patented claim (4 units) situated in the Prosser Township in the Porcupine mining division, district of Cochrane, province of Ontario. Explor Resources inc., will pay $6,000 CDN and issue 60,000 common shares for an Option to acquire 100% interest in the additional Prosser Township mineral claim. The Optionees have retained a 2.0% NSR in the property. This acquisition is subject to regulatory approval.

The Prosser Property is located to the North East of the Kidd Creek mine site. The most obvious topographical feature in the area is the Kidd Creek open pit approximately 12 km to the south east of the property. The property is approximately 20 km north of the city of Timmins, Ontario with excellent access provided by Hwy 655. The additional 4 units are in proximity to previously announced property acquisition in Carnegie Township, strategically located and cover an area of approximately 64.8 hectares. This will increase Explor's land position in the Carnegie area to 1056.8 hectares. The property is located in a greenstone belt composed mainly of sequences of meta-volcanic rocks cut by faults and deformation zones.

A series of untested megatem airborne anomalies have been observed on the property. The Kidd Creek Mine located to the south west 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. Explor plans on conducting a two phase exploration program. Phase I is designed to better determine the location of the EM targets via magnetic and max-min geophysics. Phase II will consist of diamond drilling the identified target or targets.

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 filings. 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.

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)
    www.explorresources .com
    or
    Explor Timmins Office
    877-264-1273 or 705-264-1273
    705-264-1717 (FAX)