Explor Resources Inc.
TSX VENTURE : EXS

Explor Resources Inc.

July 10, 2008 10:30 ET

Explor Restates Eastford Lake Gold Discovery Hole: Explor Drills 16.6 g/t Au Over 12.0 m on Eastford

ROUYN-NORANDA, QUEBEC--(Marketwire - July 10, 2008) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the restatement of the Lynx Gold Zone Discovery Hole (Press Release June 10, 2008). Explor has completed two (2) additional drill holes, one to the east and one to the west of the discovery hole. The property is situated in the Kerrs, Warden, Milligan Townships and the Rayner Lake area, south-west of Lake Abitibi, Ontario, 90 km east of the Timmins-Porcupine gold mining camp. The Eastford Lake Property consists of 170 contiguous unpatented mining units for a total of 3,100 hectares.

Previously drilled Holes #5 and #6, along with the geophysics created a vector pointing in the direction of a 600 m long magnetic low along strike of the previously announced gold intersections (press release dated May 06, 2008). Hole # 7 targeting the 600 m long mag low has been completed on the Lynx Gold Zone with the following fire assay results as determined by Swastika Lab of Swastika, Ontario:



Hole # From To Interval Gold
(m) (m) (m) (ft) (g/tonne) (oz/ton)
-----------------------------------------------------------------
Hole # 7 Zone 1 404.0 416.0 12.0 39.4 16.6 0.484
Zone 2 528.5 530.0 1.5 4.9 5.7 0.166


Two sets of check assays have confirmed these results. The restatement includes the lower 4 meter section of Zone 1 which contained VG (Visible Gold), assays results not previously available as well as assays for zone 2. The results for Hole #8 which has been drilled 800 meters to the north of Hole #7, drill Holes #9, and #10 recently completed are also pending. True width has yet to be determined.

The combination of widespread ankerite alteration and gold mineralization hosted by many different rock types, including quartz-feldspar porphyry, altered ultramafics, tholeiitic basalt and metasediments are reminiscent of the diverse types of gold mineralization found in major gold camps (e.g. Hollinger-McIntyre System and Dome Mine in the Porcupine Gold Camp).

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.

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

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.

Contact Information

  • Explor Resources Inc.
    Christian Dupont
    President
    800-388-8668 or 819-797-4630
    819-797-6050 (FAX)
    or
    Explor Timmins Office
    877-264-1273 or 705-264-1273
    705-264-1717 (FAX)
    www.explorresources .com