Explor Resources Inc.

Explor Resources Inc.

November 20, 2009 16:15 ET

Explor Increases Montrose Property

ROUYN-NORANDA, CANADA--(Marketwire - Nov. 20, 2009) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the acquisition of one mineral claim (2 units) situated in Midlothian Township in the Larder Lake mining division, district of Cochrane, province of Ontario. This claim is contiguous the Montrose Property which acquisition was previously announced (July 17, 2007 and April 25, 2008.)

Explor Resources inc., will pay a total of $6,000 CDN and issue 60,000 common shares at signature for an Option to acquire a 100% interest in the Montrose Property additional mineral claim. The Optionees have retained a 2.0% NSR in the property. This acquisition is subject to regulatory approval.

The Claim is located in the north eastern part of Midlothian Township approximately 18 kilometres northwest of the town of Matachewan. The property is approximately 64 km west of the city of Kirkland Lake, Ontario. Excellent access is provided by Hwy 66 from Kirkland Lake. The additional claim will increase Explor's land position to 3464 contiguous hectares in the area. The most obvious feature in the area is the Young Davidson Mine 10 kilometres to the east of the property. Northgate has reported exploration results up to 46.8 grams/tonne over 9.1 meters on their Young Davidson Property, as per the Northgate press release dated December 20, 2007.

The property is located in a greenstone belt composed mainly of sequences of meta-sedimentary rocks descriptively similar to the Temiskaming meta-sedimentary rocks found in the Kirkland Lake area. The area is characterized by a wide northeast deformation zone of shearing. The claim is located in an area with very little overburden and contiguous with the Stairs gold Mine.

Explor's new property is contiguous to the Stairs gold mine that was in production during the period 1964-1966 and is located approximately 18 kilometers west of Matachewan along the extension of the Larder Lake fault system. The Stairs mine was developed on five levels using a 700 foot shaft and has 6,266 feet of lateral development. The Ontario Geological Survey states a non NI 43-101 compliant historic reserve of 41,000 tons grading 30.2 grams/gold per ton.

Christian 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 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.

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)
    Investor Relations:
    Bay Street Connect Inc.
    Michael D'Amico