Explor Resources Inc.
TSX VENTURE : EXS

Explor Resources Inc.

September 30, 2010 14:19 ET

Explor Intersects 5.5 Meters of 8.45 g/tonne Au on Timmins Porcupine West

ROUYN-NORANDA, CANADA--(Marketwire - Sept. 30, 2010) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the results of nine (9) of the 18 holes completed during the most recent drilling program. Holes #14 to #22 are reported in this press release. This series of holes was designed to test the continuity of the grade in the vicinity of the holes that were drilled by Cameco from 2000 to 2003. This program was designed to find higher grade mineralization. To date every drill hole drilled by Explor on the TPW Property has intersected gold mineralization on the "A" Zone which has a strike length greater than 1875 meters. The structure is still open on strike and at depth. The first phase of drilling was concentrated on mineralized Zone "A" located on the south limb of the geo-syncline. Mineralized Zone "A" is one of five (5) mineralized zones identified on the property. A partial summary of the results is as follows:

Diamond Drill Holes #14 to #18 were drilled to test the continuity of the mineralization near the Drill Hole #BRS01-06 that was drilled by Cameco in 2001. The mineralization was confirmed, and the structure remains open on strike and at depth.

Diamond Drill Hole #19 was drilled behind and under Cameco Hole #BRS01-08 that was drilled in 2001 to test the depth extension of the mineralization. The mineralization was confirmed to be open at depth.

Diamond Drill Hole #20 was drilled behind and under Cameco Hole #BRS02-16 to test the depth extension of the mineralization. The mineralization was confirmed to be open at depth.

Diamond Drill Hole #21 and Hole #22 were was drilled behind and under Dome Exploration Hole #246-38X that was drilled in the early 1980's to confirm the depth extension of the mineralization. The mineralization was confirmed to be open at depth.

The Timmins Porcupine West Gold Property consists of 185 unpatented mining units located in the Bristol and Ogden Townships in the Timmins-Porcupine Mining Camp for a total 3000 hectares. The property is contiguous with Lakeshore Gold West Timmins Mine. The highway 101 bisects the property and provides access from the city of Timmins located 13 km to the east.

The property has been explored since 1927 by numerous ground geophysical surveys and diamond drilling of up to 111 holes. In 1984, Dome Exploration discovered and delineated a gold mineralized zone that was approximately 350 meters long and 45 meters wide and is open below 350 meters of vertical depth.

The "A" Zone identified through modelling strikes east northeast and dips to the north at 70 to 80 degrees. The drilling has confirms the association of gold mineralization with Quartz feldspar (QFP) and syenite porphyry, found at both the Lakeshore and West Timmins Properties. Five mineralized zones designated "A" thru "E" have been identified. The larger zones of mineralization display a strong spatial relationship with proximity to syenite intrusive rocks and high Fe-tholeitic volcanic rocks. The model may be viewed on our website: www.explorresources.com.

Hole # From   To   Interval   Gold  
  (m ) (m ) (m ) (ft ) (g/tonne ) (oz/ton )
Hole #14 203.0   203.5   0.50   1.64   1.647   0.058  
  253.5   254.0   0.50   1.64   1.886   0.067  
  269.5   269.8   0.30   0.98   1.786   0.063  
Hole #15 45.0   46.0   1.00   3.28   1.433   0.051  
  206.8   207.3   0.50   1.64   4.854   0.172  
  268.2   268.8   0.60   1.97   6.482   0.230  
  289.0   292.0   3.00   9.84   3.520   0.125  
Hole #16 185.0   186.0   1.00   3.38   1.747   0.062  
  216.5   217.0   0.50   1.64   2.483   0.088  
  223.5   224.0   0.50   1.64   2.630   0.093  
Hole #17 156.8   157.3   0.50   1.64   7.710   0.273  
  166.7   167.4   0.70   2.30   2.057   0.073  
  214.0   215.0   1.00   3.28   1.229   0.044  
  234.3   235.0   0.70   2.30   4.512   0.160  
  244.0   244.5   0.50   1.64   1.818   0.064  
  396.6   397.1   0.50   1.64   2.595   0.092  
Hole #18 155.5   156.5   1.00   3.38   1.446   0.051  
  181.0   181.9   0.90   2.95   1.041   0.037  
  220.0   222.0   2.00   6.56   2.456   0.087  
Hole #19 44.0   45.0   1.00   3.28   7.717   0.273  
  145,2   145.7   0.50   1.64   2.371   0.084  
  176.4   177.0   0.60   1.97   2.989   0.106  
  339.5   340.0   0.50   1.64   14.435   0.511  
  395.7   396.4   0.70   2.30   1.528   0.054  
Hole #20 65.5   67.7   2.20   7.22   2.703   0.096  
  154.0   155.3   1.30   4.26   3.955   0.140  
  334.0   334.5   0.50   1.64   3.705   0.131  
Hole #21 41.8   42.5   0.70   2.30   3.393   0.120  
  221.8   222.6   0.80   2.62   3.878   0.137  
  290.6   291.2   0.60   1.97   1.656   0.059  
  489.5   494.0   5.50   18.05   8.453   0.299  
Hole #22 128.0   129.0   1.00   3.28   1.835   0.065  
  244.0   245.0   1.00   3.28   5.624   0.199  
  249.5   250.5   1.00   3.28   2.036   0.072  
  340.4   341.1   0.70   2.30   2.096   0.074  
  364.0   366.0   2.00   6.56   2.362   0.084  
  369.0   370.0   1.00   3.28   1.345   0.048  
  388.0   389.0   1.00   3.28   1.878   0.066  
  392.0   393.0   1.00   3.28   3.255   0.115  
  434.0   435.0   1.00   3.28   1.163   0.041  

Our current interpretation is that the syenite porphyry intruded a dilatant zone developed at the intersection of the Porcupine-Destor and South Limb faults. These faults developed along high Fe-tholeiitic metavolcano-sedimentary contacts that provided the necessary Fe to precipitate sulphide mineralization during hydrothermal activity. Along the south limb of the geo-syncline, the high Fe-tholeitic volcanic horizon is often present only as remnant xenolithic or fault mega-blocks due to disruption by the South Limb fault and intrusions of QFP and syenite porphyry.

The structural environment is favourable for large bodies of syenite to have intruded further at depth. The intersections of the major faults and the contacts of the favourable high Fe-tholeitic volcanic host rocks especially near the synclinal fold hinge provide the best target areas.

The Timmins Porcupine West Project has as a Target Model "The Hollinger-McIntyre-Coniaurum System." The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.

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).

This press release was prepared by Explor Resources Inc. Neither the TSX Venture Exchange Inc 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, 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.

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, President
    800-388-8668 or 819-797-4630
    819-797-6050 (FAX)
    www.explorresources.com
    or
    Investor Relations
    Stratastar Marketing Group LLC
    Gary Lindsey
    720-273-6224