Explor Resources Inc.

Explor Resources Inc.

April 04, 2006 09:00 ET

Explor Resources Inc.: Geophysical Program Completed Eastford Lake Gold Property

LA RONGE, SASKATCHEWAN--(CCNMatthews - April 4, 2006) - Explor Resources Inc. (TSX VENTURE:EXS): Management is pleased to announce that 60 km of ground magnetic and VLF-EM surveys have been completed on the Eastford Lake Gold Property. The property is situated in the Kerrs, Warden, Milligan Townships and the Rayner Lake area, south-east and near Lake Abitibi, Ontario in the Timmins-Porcupine mining camp.

The Eastford Property consists of 137 contiguous unpatented mining units for a total of 2,200 hectares. The property is accessed via a 16 kilometre all weather road from highway 101 to the south of the property.

The property is contiguous with SAGE Gold Inc. property, where they reported a newly identified high grade gold zone (See SAGE Gold Inc. November 08, 2005, January 23, 2006) SAGE has reported 7.36 g/t over 7.43 meters in a green carbonate quartz breccia. Of significance was the 37 meter thick mafic flow replacement zone intersected in Hole K-05-07 which reported up to 5.73 g/tonne over 3.3 meters.

The geophysical surveys have identified a major fault-like structure running east-northeast through the central part of the property. The fault is coincident with the northern, or "up-ice" cut-off of a large gold in soil geochemical anomaly. It is also marked by a linear mercury soil anomaly. Six drill targets have been identified along the fault as potential bedrock sources for the gold in soil anomaly and the gold/quartz boulders previously discovered.

Fragile, friable carbonatized quartz porphyry float and fuchsitic altered ultramafic float occur within the north-west end of the gold/quartz boulder train lending support to a relatively proximal bedrock source. Diamond drilling is planned to test the interpreted bedrock source of the detrital gold, which has never been drill tested.

Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.

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.
    Chris Dupont
    (705) 268-5416
    Explor Resources Inc.
    Randy Studer
    Vice President
    (306) 425-3350
    (306) 425-2535 (FAX)