Explor Resources Inc.

Explor Resources Inc.

October 08, 2008 16:47 ET

Explor's Intersects Massive Sulphide on the Kidd Township Exploration Property

ROUYN-NORANDA, CANADA--(Marketwire - Oct. 8, 2008) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce that its has intersected volcanics and massive sulphides in hole #3. Hole #KI-08-03 was collared in sediments at -55 degrees, the volcanics were intersected at 213 meters down hole and the massive sulphides intersected at 339 m in hole #KI-08-03. The core has been logged, core sawed, sent to the lab and assays are pending. The mineralization appears to be increasing as we progress in an easterly direction toward the major EM targets. The volcanics were intersected to the south of the Pipestone fault in an area believed to contain mainly sediments. To date Explor has completed 3 holes (approximately 1500 m) of its 5000 meter Diamond Drilling program on the Kidd Township Property. There remains 4 EM targets that have yet to be tested.

The Kidd Township Property is located in the south central part of Kidd township 1.5 kilometres south east of the Kidd Creek mine site. The property is approximately 20 km north of the city of Timmins, Ontario. Excellent access is provided by Hwy 655. The Kidd Township Properties are contiguous, strategically located and cover an area that totals 1,948.3 hectares. The most obvious topographical feature in the area is the Kidd Creek open pit approximately 2.5 km to the north north-west of the property as well as a series of sand eskers and swamps. The property is located in a greenstone belt composed mainly of sequences of meta-volcanic rocks cut by faults and deformation zones that lie in a nw-se direction.

The recent interpretation of an airborne VTEM Time Domain EM and Magnetic Survey has revealed a series of untested airborne anomalies on the faults to the southeast of the Kidd Mine property. The Kidd Creek Mine located to the north west of the property is known for Cu-Zn-Pb-Ag production. The Kidd Creek mine has produced 130,000,000 tonnes of base metal ore since it started production in 1966. The presence of Mafic and Felsic rocks with anomalous zinc and copper make this an exploration property of merit.

Explor's Exploration program is two phases. Phase I is designed to better determine the location of the structural targets by Diamond Drilling the Geophysical targets as determined by the airborne survey. Phase II will utilize down hole geophysics followed by diamond drilling to further enhance target definition.

Chris 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.

Contact Information

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