Explor Resources Inc.

Explor Resources Inc.

March 18, 2005 09:30 ET

Explor Resources Inc.: Exploration Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EXPLOR RESOURCES INC.

TSX VENTURE SYMBOL: EXS

MARCH 18, 2005 - 09:30 ET

Explor Resources Inc.: Exploration Update

LA RONGE, SASKATCHEWAN--(CCNMatthews - March 18, 2005) - Explor
Resources Inc. (TSX VENTURE:EXS)

Exploration programs consisting of establishing grid lines, conducting
magnetic surveys and geochemical basal till sampling are being conducted
on three of the Corporations 100% owned properties.

On the Devils Lake Property, a re-orientated grid is being cut to
evaluate geophysical and geological targets, which are orientated in a
northerly direction, crosscut previous exploration on the property. The
newly discovered 'Bingo gold deposit' is situated in North-Northwest
trending shears on Golden Band Resources Inc. (TSX-V: GBN) Property, 2
km to the north.

Previous trenching and diamond drilling (24 holes) at Devil's Lake
discovered anomalous gold at the PIT and SW-2 showing. Over 10
occurrences of visible gold were noted. The best intersections where,
Hole 96-19 at the SW Zone which intersected 15.0 g/T Au over 2 metres
(0.44 oz/t over 6.6') and Hole 96-07at the Pit Zone which intersected
15.6 g/T Au over 0.4 m (0.46 oz/t over 1.3').

A program to establish control and locate the previous trenching on the
Nistoassini Lake Property is underway. Previous drilling in H-1
intersected 2.79% Cu, 1.5 g/T Au & 6.8 g/T Ag over 7.4 m (24.2'). The
geological setting is similar to the quartz veining system on the Wedge
Lake T-6 zone, situated on the Corporations property, 3 kilometres to
the southeast.

Anomalous gold within sedimentary rocks of the Mclean Belt has been
evaluated in the past by Cogema, on the Scriver Lake Project, where
trenching and drilling (HOR-1) intersected 3.7 g/T Au over 3.0 m (0.11
oz/t over 9.8'). A geochemical sampling program to test the areas where
the sediments are folded is proposed.

Geologist, Dr. Andrew Gracie, P.Geo, with experience accumulated over 40
years in the geology and exploration of the La Ronge gold belt, is the
qualified person on this project (as defined by National Instrument
43-101).

On behalf of the Board, Randy T. Studer, President & CEO

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Explor Resources Inc.
    Randy T. Studer
    President & CEO
    (306)-425-3350
    Email: explor@sasktel.net
    The TSX Venture Exchange has neither approved or disapproved of the
    information contained herein.