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Bright Outlook For Gold and The following $AMK.ca $EXS.ca $GGX.ca $GR.ca $MQR.ca $OPW.ca

Posted by AGORACOM-JC at 11:51 AM on Wednesday, June 21st, 2017

Several analysts point out that the outlook for gold and, by association, gold stocks, is bright despite rising US interest rates.

  • Demand in India and China rebounds sharply in recent months
  • Trend towards increased use of scrap gold reverses over past five years
  • Divergence in cash costs between USD and non-USD denominated companies

By Eva Brocklehurst

Gold retains a role as both an investment and defensive asset and analysts believe it will remain an important part of portfolios for both the private sector and central banks. Gold is a store of wealth in unstable times and such times prevail.

ANZ analysts expect increased political uncertainty in the US will support gold in the short term despite higher interest rates. Gold prices are forecast to push past US$1300/oz over the next 12 months and there are positive long-term prospects as well.

In the wake of the US Federal Reserve’s recent increase to its Fed Funds rate, and if the three rate rises in the current cycle are anything to go by, Bell Potter also considers the outlook positive for gold. Typically, rising interest rates are considered negative for gold because of the increased opportunity cost of holding an asset with no yield. As the gold price is appreciating amid rising interest rates in the US this signals to the broker that both inflation and safe-haven trade are key themes in the gold market.

The ANZ analysts do not envisage rising US interest rates as a negative. Gold has rallied in all but one of the past seven rate-hike cycles since the 1970s. Gold has also outperformed when interest rates were increasing relatively slowly. Furthermore, the analysts believe, if the US political situation worsens this year, there is a possibility gold prices will breakthrough US$1300/oz. Safe-haven buying is a strong driver of investor demand and is usually sparked by macro shocks or political instability.

Emerging markets should drive demand for physical gold for some time and China and India are already the world’s largest gold consumers. Demand in India and China has rebounded sharply in recent months and the analysts observe the issues around de-monetisation in India are abating, while there has been a sharp pick up in China’s gold imports, which suggests previous constraints have eased.

Growth in salaries, automobile sales and passenger air travel in India is expected to support the country’s gold market over the next year as India’s gold demands tend to correlate with income growth. Gold holdings are also likely to increase at central banks and most of the future buying is expected from central banks in emerging markets as they move closer to developed world levels.

China is likely to dominate the recovery in the gold price as Asian financial centres open up and the ANZ analysts find no reason why Shanghai should not become a major centre for gold trading, provided the appropriate institution and legal reforms take place. Asia is expected to account for over half of the global economy by 2050.

Supply

On the supply side prices are supported by the fact that gold mines cannot expand rapidly. Gold production has risen by an average of just 0.9% since 1995, year-on-year. Mine supply remains the primary source of gold and the trend towards increasing use of scrap has reversed over the past five years. New gold in total supply rose to over 70% in 2016.

Those countries driving the growth in the primary source of gold are ones best place to do so in the future, the analysts assert. Gold reserves are concentrated, at around 70%, in just 10 countries and Australia and South Africa have the largest unmined reserves. Meanwhile, scrap supply is volatile and the extraction from recycled electronics costly, so scrap gold is heavily influenced by both the price of gold and economic cycles.

As the ASX gold index is now down -3% year-to-date, Bell Potter believes the best performances are being driven by company-specific catalysts among the single-mine producers and successful explorers. The broker observes, while the gold price has not cracked US$1300/oz yet, it has established a pattern of higher lows and higher highs.

With a relatively steady exchange rate the Australian-dollar gold price has followed a similar track. The broker also believes relative outperformance of equities versus gold bullion is an indicator of positive sentiment.

Meanwhile, the costs associated with gold mining have fallen globally by around 15% over the past three years. Most of the reductions have been made in operating or production costs. The biggest cost reductions have been experienced in Australia, the ANZ analysts observe, where total cash costs have declined an average -30% since 2012.

Two factors, exchange rates and oil prices, have helped drive costs down and the analysts estimate around 60% of gold mining costs are based in local currency terms and around 10-12% related to oil prices. Indonesia, South Africa, Australia and Canada appear to have been the biggest beneficiaries in this regard.

Divergence In Cash Costs

Citi has highlighted a divergence between the cash costs of US dollar-denominated and non-US dollar-denominated companies. South African gold producers, in particular, have sustained all-in cash cost hikes of 16% while those of US dollar-denominated companies declined by -2.7%. Citi expects that a strengthening South African rand will continue to put pressure on South African gold stocks as will rising capital and exploration expenditure.

The broker expects costs in the industry to rise this year as years of under-investment unwind, especially if a stable, or higher, gold price prevails. Citi believes consensus expectations do not appropriately reflect the rising costs and maintains a bearish view on the sector, particularly South African gold stocks.

Based on recent changes to the underlying MVIS Junior Gold Miners index and significant changes to the GDXJ methodology in the US, Macquarie expects the main impact will be on North America markets. Yet, key beneficiaries in the Australian context are Newcrest Mining ((NCM)), Evolution Mining ((EVN)), Northern Star ((NST)) and OceanaGold ((OCG)).

These stocks have been are seen returning to the index as the eligibility band is widened. Smaller stocks are expected to suffer as a result of the re-balance. Macquarie believes investors should keep buying quality in good jurisdictions where there are cornerstone assets.
Source: https://www.fnarena.com/index.php/2017/06/19/bright-outlook-for-gold/

Explor Expands PG-101 Gold Property $EXS.ca

Posted by AGORACOM-JC at 5:00 PM on Wednesday, May 24th, 2017

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  • Announced the acquisition of a 37 mineral claims units package (4 claims) totalling 592 hectares, situated in Holloway and Marriott Townships in the Larder Lake Mining Division, District of Cochrane, Province of Ontario, contiguous to the PG-101 Gold Property
  • With this acquisition, the PG-101 property now consists of 110 mining claims (195 mineral claim units) covering 3,122.8 hectares situated in the Larder Lake mining division

ROUYN-NORANDA, QUEBEC–(May 24, 2017) – Explor Resources Inc. (“Explor” or the “Corporation“) (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of a 37 mineral claims units package (4 claims) totalling 592 hectares, situated in Holloway and Marriott Townships in the Larder Lake Mining Division, District of Cochrane, Province of Ontario, contiguous to the PG-101 Gold Property. With this acquisition, the PG-101 property now consists of 110 mining claims (195 mineral claim units) covering 3,122.8 hectares situated in the Larder Lake mining division, district of Cochrane, in the Marriott and Halloway Townships, Ontario.

Explor Resources Inc., will pay a total of $7,000 CDN and issue 300,000 common shares for an Option to acquire a 100 % interest in the Property. The Optionors have retained a 2.0% NSR in the property. This acquisition is subject to the approval of The TSX Venture Exchange.

The PG -101 additional claims are contiguous to the claim group where Explor’s intersected 52.01 g/t Au over 3.0 m (Press Release of March 24, 2009) and adjacent to the eastern boundary of Kirkland Lake Gold’s former producing Holt Mine Property and only a few kilometers east of their Holloway Mine property. Historic production (1988-2004) from the Holt (McDermott) Mine totals 8.18 million tons at a grade of 0.162 opt Au1(7.42 million tonnes @ 5.6 gpt Au). Measured and indicated resources reported as of Dec. 31, 2016 for the Holt Mine are 6.970 million tonnes at a grade of 4.2 gpt Au2. Production at the Holloway Mine to 2004 is reported as 4.73 million tons at a grade of 0.166 opt Au1 (4.29 million tonnes @ 5.7gpt Au). Measured and indicated resources reported as of Dec. 31, 2016 for the Holloway Mine are 1.370 million tonnes at a grade of 5.3 gpt Au2. Several other smaller deposits in the Harker-Holloway gold camp and in the vicinity of the PG-101 Property include the Buffonta, Mattawasaga and East zone deposits.

The PG-101 Property is underlain by the same succession of mafic volcanic flows, breccias, and tuffs that host the known gold deposits of the area. These volcanic rocks are cut by ENE trending faults that splay from the Porcupine-Destor fault zone (“PDFZ”). The PDFZ is a major deformation zone that crosses along the north boundary of the PG-101 claims in Marriott Township. Proximity to the PDFZ, the Kirkland-Larder Lake Break and other similar regional faults are characteristic of significant gold deposits of the Eastern Abitibi greenstone belt.

Explor plans to continue its exploration program on the PG-101 Property with the integration of this property with the existing property by the compilation of historic work, geological modeling, and the identification of high priority targets. Explor plans to start its exploration program in the spring of 2017. Explor plans on drilling on geophysical targets that were discovered in the fall of 2016.

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

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, 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 Québec with approximately 33% in Ontario and 67% in Québec. 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 Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:

Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)

Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:

Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

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 be 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.

1 Historic production figures were obtained from the Ontario MNDM website (www.mndm.gov.on.ca). The original imperial tons and ounce per ton (opt) grades are quoted and the equivalent metric tonnes and grams per tonne (gpt) grades indicated in parentheses.

2 Resources for Kirkland Lake Gold’s Holt and Holloway Mines are quoted from Kirkland Lake Gold’s website (www.klgold.com) and the company’s NI 43-101 Compliant Technical Report dated March 21, 2015. Only Measured and Indicated Resources are quoted. Inferred Resources have not been quoted.

A map is available at the following address: http://media3.marketwire.com/docs/1095620_ENGLISH.pdf

Christian Dupont, President
888-997-4630 or 819-797-4630
819-797-1870
www.explorresources.com
info@explorresources.com

Explor to Begin a 3,000m Diamond Drill Program on the Timmins Porcupine West Property $EXS.ca

Posted by AGORACOM-JC at 8:26 AM on Monday, May 15th, 2017

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  • To begin  3,000 meter drilling program on the Timmins Porcupine West Property
  • Past completed diamond drilling programs have successfully confirmed the model and the gold bearing mineralized structure for more than 2000 meters of strike length at a vertical depth from 600 to 900 meters
  • Currently open on strike and at depth

ROUYN-NORANDA, QUEBEC–(May 15, 2017) – Explor Resources Inc. (“Explor” or the “Corporation“) (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the beginning of a 3,000 meter drilling program on the Timmins Porcupine West Property.

The past completed diamond drilling programs have successfully confirmed the model and the gold bearing mineralized structure for more than 2000 meters of strike length at a vertical depth from 600 to 900 meters. It is currently open on strike and at depth. The first five phases of drilling (106,000 meters) were concentrated on the “5” Zones of gold mineralization located within south limb of the geo-syncline.

This phase of diamond drilling will be designed to test and to expand the resource by drilling into the high grade gold mineralization in shear zone 4 and shear zone 5 on the south limb of the eastern portion of the orebody. The results from this new phase of drilling will be integrated into the model and the drill hole locations will be determined to maximize the geological information that will be imputed into the 3-D Gemcom model. The “5” Zones identified through modelling strikes east northeast and dips to the north at 70 to 80 degrees. The drilling has confirmed the association of gold mineralization with Quartz feldspar (QFP) and syenite porphyry, similar to that found at the Tahoe Resources Inc. West Timmins Properties. The 3-D geological model may be viewed on our website: www.explorresources.com.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “With this phase of diamond drilling, we expect to continue to report excellent drill results. We expect the continuity of the mineralization from hole to hole as well as the grade encountered to date to continue as we expand the known resource.” 

The Timmins Porcupine West Gold Property consists of 185 unpatented mining units and 3 patented claims located in the Bristol and Ogden Townships in the Timmins-Porcupine Mining Camp for a total 3,200 hectares. 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 open below 350 meters of vertical depth. Explor also announces that Teck Resources Limited has decided to return the Property to Explor.

The Timmins Porcupine West Project has a structural target model developed by Explor based on the “Hollinger-McIntyre-Coniaurum System”. The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold and is spatially associated with the Pearl Lake Porphyry.

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), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange 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, Québec, 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 Québec with approximately 33% in Ontario and 67% in Québec. 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 Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:
Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:
Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

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 be 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.

Christian Dupont, President
888-997-4630 or 819-797-4630
819-797-1870
info@explorresources.com
www.explorresources.com

FORUM: Explor Resources Inc (EXSFF) Why Explor.. Why Now. $EXS.ca

Posted by AGORACOM-JC at 6:01 PM on Monday, May 8th, 2017

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Rouyn-Noranda, Canada  – Having invested in many GOLD based Junior exploration companies over the past 35 years, I’ve created a personal set of criteria which has worked very well for some time now. Firstly, of course, is where we are in the GOLD cycle? On a daily basis, I read the thoughts, insights & opinions of a variety of GOLD experts. I tend to largely overlook mainstream media in my decision making, as that reporting is generally ‘after the fact’. At this moment, my research suggests GOLD is going considerably higher. Blah, blah, blah…yes, very true, we have seen a number of ‘false’ starts, most notably the Brexit upward surge, that got knocked back overnight. However, based on GOLD’s thirty-year history, a more permanent surge seems inevitable, considering Sovereign Debt levels; the impact of suggested interest rate increases; the Chinese plan toward a GOLD backed currency; and an elevated GOLD accumulation strategy by many of the most savvy investors in the world. Given I have held the view that USD$2,000 GOLD has been on the horizon for some time, why did I decide on EXS/EXSFF/E1H1 as my ‘flagship’ investment? Initially, a very dear friend brought the Company to my attention. More importantly, all the experts agree the greatest return on investment in a bull GOLD environment, is in the small cap, GOLD exploration sector, especially in a Company with great assets.

I visited the Company’s website www.explorresouces.com & discovered that this overlooked equity held ten GOLD & three Base Metals property groupings, predominantly along the GOLD rich Porcupine Destor Fault in northern Ontario & Quebec. Two of their properties have been developed to the point that NI 43-101 reports provide resource estimates. In my experience, I had never seen such a small company, with so many properties of merit. I then spoke directly with President & CEO Chris Dupont, a Mining Engineer with over 40 years of mining & exploration experience, and was deeply impressed with his detailed knowledge about every parcel of land in the Company’s portfolio.

As I’ve taken advantage of every weakness in the stock price to add to my position, I’ve stayed in touch with Dupont, and a variety of third parties, in an effort to keep all shareholders informed on an ongoing basis. Most recently, I’ve mentioned a proposed drilling program at the Company’s East Bay property block, near Duparquet, Quebec. Using the latest, most sophisticated geophysics technologies, a short list of promising targets has been established. The Company is hoping to begin drilling by mid June, which should get the attention of IAMGOLD, adjacent both to the east & west of the East Bay grouping. Further, progress has been made at the PG-101 property, and the Company is optomistic some drilling may take place in the near future. Recently completed geophysics have identified a number of very promising targets. I’ve also heard a rumour that the long-awaited drilling results from the January/February program on the properties north of the Glencore Kidd VMS Mine may have been processed by the lab. I’m hopeful Explor will put out a News Release shortly. Dupont has always been adamant about the ‘cluster effect of Volcanogenic Massive Sulphide (VMS) deposits’, and, encouraged by the discovery of exhalite on four separate occasions now, I’m certain the search will continue. Additionally, the status of the TPW GOLD Deposit remains a conundrum. Other than the obvious interest in the deposit, and its perceived potential by TAHOE, & by GOLDCORP (who hold a 3% Net Smelter Return on the property), I haven’t been able to get anything further on plans moving forward.

Lastly, I’m hearing an updated video interview with Dupont should be available within the next couple of weeks.

NOTE: This forum commentary was published from a third party source. It has not been verified by the company

About Explor Resources Inc.:

Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) 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 Corporation was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. (NYSE:TECK) is currently conducting an exploration program as part of an earn-in on the TPW property

Source:

Explor Resources Inc.
Contact:

Zim Pupedis
Shareholder
Email: zimmer.447@gmail.com
Phone: 604-997-8175

THE NEW TIMMINS GOLD BOOM? $EXS.ca

Posted by AGORACOM-JC at 12:18 PM on Tuesday, April 11th, 2017

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  • GOLDCORP IS SPENDING BILLIONS
  • NEW MILL AT 50,000 TONNES PER DAY IN AS LITTLE AS 2-3 YEARS
  • SOURCES REPORT GOLDCORP QUIETLY ACQUIRING CLAIMS IN THE REGION

Restaurants are busy, with lineups out the door.  Hotels are fully booked, and rental properties are scarce. We would expect that in New York City or Hong Kong, but this is Timmins,a small city 435 miles north of Toronto, with an official population of 41,788.WHY is this small mining town buzzing with activity? Are these tourists? Scanning the restaurant patrons and hotel guests, I’m not seeing travel brochures, binoculars, or fishing rods.

After reading the latest couple of postings on Agoracom’s  Explor Resources Discussion Forum, I was intrigued by some of the commentary offered by one of our regular contributors. Apparently, the influx of new faces is coming from a growing number of engineering firms & contractors, that are flooding into Timmins in response to the proposed construction of a huge, new mill by Goldcorp. That has incredible potential ramifications for junior resource companies in the area, most notably, in our opinion, for Explor Resources, (EXS-TSX.V; EXSFF-OTCQB; E1H1-FRFT/BE), one of our featured Junior Gold & Base Metals exploration companies.

GOLDCORP IS SPENDING BILLIONS

Sources tell us that Goldcorp has spent over $50 Million to date on a study to expand their existing Dome Open Pit and build a 50,000 tonne per day Gold mill. I’m also hearing they intend to spend some $2Billion to develop and produce their Gold assets in Timmins. That’s huge news.However, never willing to buy into thegrand,& often exaggerated stories from miners and drillers, we decided to do our own research and found significant corroborating evidence backing up the rumours.

Specifically, Goldcorp Porcupine Gold Mines Mine Manager, Marc Lauzier, made the following statement in December, 2016, in an article that exposed the possible re-opening of the Dome Open Pit mine in Timmins Porcupine:

What weve basically done is stitched together all the (geologic) models from the underground and the surface and re-ran a new pit shell.  What that determined, when we ran a new pit shell, was that we had the potential for a deeper open pit (Gold mine) than the initial open pit that was there.

NEW MILL AT 50,000 TONNES PER DAY IN AS LITTLE AS 2-3 YEARS

Further, Goldcorp President, David Garofalo, made an even bolder statement during the company’s Q3 presentation when he stated:

“I view it as the cornerstone of (Timmins) Porcupine moving forward, he explained. “We’re envisioning a new mill, much higher throughput, probably three or four times the throughput we have now at our existing mill, which is about 11 or 12 thousand tonnes a day.

Another reliable source told us that “sterilization drilling” is currently taking place to ensure no economic Gold ore is under the proposed new structure.  “It’s not cheap. A few million dollars easy”. A structure of this size would have an enormous foot print and you don’t want it sitting on top of the very Gold it’s supposed to process.

Moreover, one of our sources claims,“Goldcorp have all the permits in place, with the exception of the construction permit, which is the easiest one to get. As such, the new mill could be up and running within 2-3 years if they started today.

What will happen to the old mill Garofalo mentioned above? Sources tell us the old mill IS sitting on top of a Gold ore body, “which means it has to go.  If it has to go, it has to be replaced before it goes.  This statement was supported by an article that stated:

“With the opportunity to extend the Dome Open Pit (Gold mine), new infrastructure would be required as the current mill, processing plant and administration building sit on top of what is envisioned to be the extended open pit.

Summing up, the rumours of a $2Billion, 50,000 ton a day mill development plan appear to have a basis in fact, bearing in mind the Garofalo & Lauzier comments, and all the new faces in Timmins.Goldcorp’s CEO Garofalo isn’t just “envisioning” a new mill, it appears to be underway.

SOURCES REPORT GOLDCORP QUIETLY ACQUIRING CLAIMS IN THE REGION

Its common knowledge that Goldcorp’s Regional Gold mining operations are insufficient to support a 50,000 ton a day mill. So where is the mill feed going to come from? “Therefore, we will have to acquire more projects. Apparently,Goldcorp has been quietly picking up privately held Gold claims in the region. Further, our sources are telling us Goldcorp has been acquiring ground around the open pit, just to provide them with additional breathing room needed to accommodate the development.

WHICH SMALL CAP COMPANY STANDS TO BENEFIT THE MOST?

With all of this Goldcorp action taking place in Timmins, there are a number of small Gold exploration companies that could stand to benefit. Having researched a number of these, the one Ifeel will benefit the most is Explor Resources. (TSX VENTURE:EXS) (OTCQX:EXSFF) (FRANKFURT:E1H1) (BERLIN:E1H1)

Yes, they are a sponsor of AGORACOM, so assume we are horribly conflicted.  Here are the facts for you to consider:

  • Explor’s flagship project is the Timmins Porcupine West (TPW) Gold deposit,
  • It is located less than 7miles SE of the new Goldcorp mill.
  • The established strike length of Explor’s Gold deposit to date is 2,000meters (1.25miles), ‘open’ at both ends, and ‘open’ at depth.
  • The ‘Discovery Hole’ 10-30 assayed9.22gr per tonne over 11.0 meters.
  • The property hosts the largest ‘porphyry’ ever found in the Timmins Mining Camp, or the entire legendary Abitibi Greenstone Belt, home of The Dome, McIntyre, & Hollinger Mines, to name just a few.
  • According to Chris Dupont, President & CEO of Explor, only about 30% of the porphyry has actually been explored, so it has the potential to be one of the largest Gold deposits ever found in Canada.
  • Estimates suggest Explor’s TPW porphyry is easily 7-10 times larger than Goldcorp’s own Hollinger pit, which hosted and produced 19,327,691ounces of Gold by the time it shut down.In a recent article on MetalsNews.com Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, a well-knownMining expert,stated“The Timmins Porcupine West (TPW) GOLD deposit model your team created, appears to suggest a potential of 25-30 Million ounces of GOLD in the ground”.

Given Goldcorp’s massive undertaking in Timmins, it stands to reason the TPW Gold Resource has become a very valuable target. Clearly,Goldcorp does not have enough ore to feed a 50,000 ton a day mill, and, logically, they will have to try to consolidate players or projects in the area, including Explor Resources to fulfill their needs.To this end, one of our sources stated,“You don’t build it for just 5 million ounces – but if you add everybody else’sexisting resource, you can easily get to 20 million ounces and more”.

                                                            US$250MILLION MORE REASONS

Explor has 250 Million more reasons to be attractive to Goldcorp.

The TPW Net Smelter Return Royalty (NSR) of 3%, originally negotiated in a deal with Dome Mines …. but now owned by Goldcorp! Under the Royalty Agreement, Explor Resources has the right to buy back 1% of the 3% for just $1million,leaving a lot of money on the table for Goldcorp. For example, if the TPW ended up containing 20 million ounces, the 1% royalty could actually be worth $US250million. (i.e. 20Million ounces x 1% = 200,000 @ US$1,250ounce).

Clearly, Goldcorp.has 250 Million reasons to take a serious look at Explor’ TPW.

With Goldcorp clearly on the move in Timmins and Explor Resources holding both a resource and an NSR of great potential value to Goldcorp, value that is far beyond the current market capitalization of Explor, you have all the reasons necessary to take a serious look at Explor Resources as well.

Canadian based funds holds significant positionsin Explor Resources and we are also told major European investment fundsalso holds meaningful positions.

Explor Resources Inc. TSX.V:EXS, OTCQB:EXSFF, FRANKFURT/BERLIN:E1H1

http://www.explorresources.com/

http://agoracom.com/ir/Explor

http://agoracom.com/ir/Explor/profile

Skype Interview With Explor Resources President, Chris Dupont, March 13, 2017

AGORA Internet Relations Corp. holds shares of Explor Resources. We receive either monetary or securities compensation for our services. We stand to benefit from any share appreciation this write-up may generate. The information contained in such write-ups is not intended as individual investment advice and is not designed to meet your personal financial situation. Information contained in this report is obtained from sources we believe to be reliable, but its accuracy cannot be guaranteed. The opinions expressed in this report are those of AGORA Internet Relations and are subject to change without notice. The information in this report may become outdated and there is no obligation to update any such information. Do your own due diligence.

FORUM: Explor Resources (TSXV:EXS) looking to attract growing numbers of investors in the Chinese mainland markets, as well as domestic Chinese investors $EXS.ca

Posted by AGORACOM-JC at 10:12 AM on Tuesday, April 11th, 2017

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A variety of steps are being taken to appeal to the huge, & growing numbers of investors in the Chinese mainland markets, as well as domestic Chinese investors

Rouyn-Noranda, Canada – Some of you may have noticed a little red flag in the corner of the Company’s website. When you click on that, you will see sections of the website in Chinese. Obviously, a variety of steps are being taken to appeal to the huge, & growing numbers of investors in the Chinese mainland markets, as well as domestic Chinese investors. Apparently, regulation has made both physical GOLD, & Bitcoin less attractive investments to the mainland investment community. I believe Dupont is working with an Australian based firm, making decisions about regional advertising to offer an incentive to those prospective investors to take a serious look at EXS/EXSFF/E1H1.

When I last spoke to Chris, he seemed very optimistic about the evolving plan to reach this vast new audience. Adding to the new video contributions to the website, an audio interview was completed over the weekend, and has been disseminated worldwide. You can listen to that at the following link:
http://www.abnnewswire.net/press/en/87833/exs

At, or around the beginning of every month, I’m led to believe an updated video interview will be available to investors, offering updates on the Company’s variety of projects moving forward.

Its intended these will be disseminated on a worldwide basis as well, through syndications like Reuters, Bloomberg, & Google+, to name but a few. The Toronto based www.agoracom.com Investment Website is releasing a full feature story on the massive new Goldcorp mill, and their perceptions of the impact on Explor.

Specifically, they are highlighting the Timmins Porcupine West GOLD deposit, and its obvious importance as a source of GOLD ore to Goldcorp’s 50,000 ton per day mill development. As I pointed out last week, Goldcorp does not have enough local resources to accommodate their new monster facility.

Mainstream media, Investment websites, & Precious Metals newsletters recently seem to be in agreement that GOLD will see higher prices in the near term, reacting to evolving events on the world stage. Some expert commentary even suggests price detachment from the USD, as a hedge against a major retracement, or correction, in many of the major markets.

Having said all that, and trying not to be redundant, the lab has given the Company yet another promise to provide assay results from drilling north of the Glencore Kidd Mine. I’m hoping they keep this one, but I’m not holding my breath. Focused paperwork continues regarding proposed drill plans at the PG-101, the Montrose property, Duparquet (East Bay), as well as completion of the recent financing.

NOTE: This forum commentary was published from a third party source. It has not been verified by the company.
About Explor Resources Inc.:

Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) 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 Corporation was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. (NYSE:TECK) is currently conducting an exploration program as part of an earn-in on the TPW property.

Source:

Explor Resources Inc.

Contact:

Explor Resources Inc.
Chris Dupont, Managing Director
T: +1-819-797-4630
F: +1-819-797-1870
E: info@explorresources.com
WWW: www.explorresources.com

FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K oz Inferred Gold $EXS.ca

Posted by AGORACOM-JC at 11:54 AM on Monday, April 10th, 2017

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

  • NI 43-101 Resource: 609,000 oz Indicated
    470,000 oz Inferred Gold
  • 13 km from downtown Timmins
  • Property is 2.5 km, NE of LSG West Timmins Mine
  • Model: Hollinger McIntyre Gold System: 30,000,000 oz. Au
  • Discovery Hole 10-30 : 9.22g/tonne over 11.0 meters
  • Optioned to Teck Resources
  • Teck to spend $12,000,000 to earn 70% interest

Chester Copper & VMS Project (3500ha)

  • Recent intersection of 2.187% Copper Over 9.66 Meters
  • Mineral Target: Cu, Pb, Zn, Ag, & Au
  • 70 km SW of Bathurst NB
  • Structural Model Complete
  • 300 m wide x 2000m long mineralized Corridor identified
  • Ramp to ore zone (480 meter long (3m x 4m)
  • Optioned to Brunswick Resources (BRU)
  • Brunswick to spend $500,000 over 3 years
  • Explore to receive $40,000 and 5,000,000 shares of BRU
  • Open pit resource – NI 43-101 Resource: 1,400,000 Indicated t @ 1.38% Cu
    2,089,000 Inferred t @ 1.26 % Cu
  • Recently completed diamond drill Holes for a total of 2,027 meters


Kidd Creek Project (2466 ha)

  • Mineral Target: Cu-Zn Ore
  • Located 1.0 km west of Kidd Creek Mine
  • Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
  • Numerous Geophysical max/min and IP Targets
  • So encouraged by the initial results of the 3000 meter program, decided to more than double the diamond drilling program planned to 7275.7 meters

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

  • Mineral Target: Gold
  • Lies on Porcupine Destor Fault Zone, on strike with Beattie & Donchester mine
  • Historical channel samples by Lacana Mining in 1982 including: 0.81 oz/ton over 5ft; 0.16 oz/ton over 6 ft; 0.10 oz/ton over 10 ft
  • Wrap around Clifton Star

Nelligan (1198 ha):

  • Mineral Target: Nickel
  • Located in Val d’Or mining district of Quebec
  • Historical grab samples of 10% Ni and 0.6% Cu obtained by INCO
  • Discovered anomalous Nickel, Copper Zones

Launay (2250 ha):

  • Mineral Target: Nickel
  • Mineralized zones contained in mafic volcanic rocks
  • Contiguous to Royal Nickel’s Dumont property (NW end)

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Explor closes a first tranche of a maximum of $1 million private placement in flow-through shares $EXS.ca

Posted by AGORACOM-JC at 4:20 PM on Friday, March 31st, 2017

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  • Announced the closing of a first tranche of a non-brokered private placement of a maximum of 11,764,705 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000
  • The first tranche of the Private Placement closed on March 30, 2017 consists in the sale of 5,294,000 flow-through shares for an aggregate subscription of $449,990

ROUYN-NORANDA, QUEBEC–(March 31, 2017) – Explor Resources Inc. (TSX VENTURE:EXS) (OTCQB: EXSFF) (FRANFURT:E1H1) (BERLIN:E1H1) (“Explor” or the Corporation) announces the closing of a first tranche of a non-brokered private placement of a maximum of 11,764,705 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000 (the “Private Placement“). The first tranche of the Private Placement closed on March 30, 2017 consists in the sale of 5,294,000 flow-through shares for an aggregate subscription of $449,990.

The net proceeds from the Private Placement will be incurred by the Corporation in exploration expenditures on mining properties located in the province of Québec.

In connection with the Private Placement, the Corporation will pay to an arm’s length finder, finder’s fees representing a cash amount equal to 8% of the subscribed amount through the finder, and non-transferrable finder’s warrants entitling to purchase such number of common shares of the Corporation equal to 8% of the aggregate number of shares subscribed through the finder. These finder’s warrants will be exercisable at a price of $0.085 per common share, up to 24 months from the closing date.

The securities issued pursuant to the first closing of the Private Placement are subject to a hold period of four months and a day ending July 31, 2017. The Private Placement is subject to the final approval of the TSX Venture Exchange.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This press release was prepared by Explor. Neither the TSX Venture Exchange 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, Québec, 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 Québec with approximately 33% in Ontario and 67% in Québec. 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 Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:

  • Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
  • Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)

Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:

  • Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
  • Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

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 be 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.

Christian Dupont, President
888-997-4630 or 819-797-4630
Fax: 819-797-1870
Website: www.explorresources.com
Email: info@explorresources.com

Explor Intersects Multiple Copper Zones Grades Up to 2.36% Cu Over 11.5 Meters on the Chester Copper Property $EXS.ca

Posted by AGORACOM-JC at 1:46 PM on Thursday, March 16th, 2017

Exs logo

  • Multiple Copper Zones Grades Up to 2.36% Cu Over 11.5 Meters
  • Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased and encouraged by these preliminary drill results. The presence of multiple copper mineralized zones in each of the holes drilled is very significant in terms of exploration. The increase in strike length of the known mineralization from 500 to 750 meters confirms the potential to significantly increase the resources on the property. The property continues to be open on strike to the west and Northwest.”

ROUYN-NORANDA, CANADA – (March 16, 2017) – Explor Resources Inc. (“Explor” or the “Corporation“) (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce further results from the 12 Diamond Drill Holes completed on the Chester Copper Property. The Chester Copper property is located in the Northumberland County, 70 km southwest of Bathurst, New Brunswick and 50 km west-northwest of Miramichi, New Brunswick, within the Bathurst Mining Camp. This area has an extensive history in base metal production from VMS deposits.

There has been very little exploration work in this area of the Bathurst Mining Camp (BMC) since the initial exploration more than 60 years ago. Of significance also is the fact that three (3) age date studies of the rock in the area since 2005 have indicated an age of 469+/- 0.3 ma. All of the main largest VMS deposits in the BMC (including BMS #12 and #6, the Caribou Deposit (currently being developed by Travalli) and the past producing Heath Steele Mines, are associated with this age date for the footwall felsic rocks. That new data in 2007 places Explor’s Chester deposit is in the same time frame as the Brunswick Mining No. 12 and No. 6 deposits located in the BMC.

New Brunswick is the home of the No 12 massive sulphide deposit (The Brunswick Deposit) which was in continuous production from 1964 to its closure in March of 2013 (to Feb 2013, 135,903,168 tonnes milled at 3.44 % Pb, 8.74 % Zn, 0.37 % Cu and 102 g/t Ag). The Brunswick deposits (No 6 and No 12) are situated in the Nepisiguit Falls Group of rocks in the Lower Tetagouche group of the BMC. There are 46 known VMS deposits in the BMC.

The property is located in the southern-most part of the Bathurst Mining Camp and consist of 174 Mineral Claim Units within a total of five (5) Mineral Claims (1571, 2428, 6003, 6005 and 7045) comprising approximately 3,828 hectares as shown on the attached map.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased and encouraged by these preliminary drill results. The presence of multiple copper mineralized zones in each of the holes drilled is very significant in terms of exploration. The increase in strike length of the known mineralization from 500 to 750 meters confirms the potential to significantly increase the resources on the property. The property continues to be open on strike to the west and Northwest.”

A total of 4 diamond drill holes were drilled on claim 1571. The first three diamond drill holes that were drilled were fan holes from the same location. This successfully tested the extension of the copper stringer zone for a distance of 250 meters west of previous drilling. The fourth drill hole was located approximately 100 meters west (and 38 meters south) of the first three drill holes, confirming the continuity of the mineralization to the west and Northwest and adding 250 meters of strike length to the known deposit. It intersected the target horizon and favorable geology from 49 meters to 172 meters.

Further to the west the copper deposit goes down dip and onto claim 6003. At about 1,100 meters west of the first drill hole, drill hole 6003-16-012 was drilled at a vertical dip. It eventually went to a depth of 600 meters and intersected previously unknown mineralization near surface (18 meters) and also extending the deep main Chester Stringer zone an additional 650 meters westward than any previous reliable drilling (i.e. casing in place and core in government storage). It also confirms the existence of the alteration zone and the host stratigraphic horizon to a depth not previously known or expected. The chloritized favorable horizon extends from a depth of 472.5 meters to 561 meters with low grade copper mineralization documented from 519 meters to 543 meters.

In the north part of claim 6003, an untested soil geochemical anomaly was tested. Copper mineralization was discovered as pyrrhotite and chalcopyrite veinlets in felsic volcanic associated with the soil anomaly. Copper mineralization was also discovered in this area in 2014 and a soil survey on claim 7045 to the west have unexplained copper and lead anomalies which may be associated with previously mentioned soil anomaly and this horizon.

To the south on Claim 6005, two drill holes were put down to test a soil anomaly apparently associated with a historical drill hole, dating to about the 1956 to 1958 era, with a reported value of more than 2% copper. No indication of any mineralization was discovered in the two drill holes.

Results are shown below for Hole # 1571-16-004:

Summary of Results From Drill Hole 1571-16-004
Zones From
(m)
To
(m)
Length
(m)
Au
(ppb)
Ag
(ppm)
Cu
(%)
Zn
(ppm)
Pb
(ppm)
1 89.20 90.00 0.80 10 1 0.013 1189 370
Contains bedded pyrite (very narrow zone) (Anomalous in zinc and lead)
Main mineralized zone below 90 m, very chloritic
2 120.90 123.00 2.10 46 2.8 0.832 346 73
3 131.90 143.40 11.50 138 4.8 2.357 1205 107
includes 131.90 137.45 5.45 134 4.8 2.267 1428 101
and 137.35 143.40 6.05 142 4.8 2.439 100 113
or 135.80 143.40 7.60 173 6.1 3.058 1408 158
includes 139.70 143.40 3.70 211 7.1 3.885 1492 134
4 161.90 164.20 2.30 21 1.0 0.436 160 36
5 178.70 181.40 2.70 51 1.6 0.781 235 60
includes 178.70 179.30 0.60 114 4.4 3.160 457 167
6 201.50 202.40 0.90 28 2 1.150 168 20
7 232.90 234.60 1.70 146 1.4 0.64 109 29
8 267.00 268.00 1.00 2.5 1.4 0.028 12500 1572
9 270.00 271.00 1.00 2.5 0.1 0.035 2501 216

A total of 9 zones of Copper mineralization were intersected in the above referenced Hole # 1571-16-004Zinc mineralization of 1.25% was intersected over 1.0 meters.

Results are shown below for Hole # 1571-16-012:

Summary of Results From Drill Hole 1571-16-012
Zones From
(m)
To
(m)
Length
(m)
Au
(ppb)
Ag
(ppm)
Cu
(%)
Zn
(ppm)
Pb
(ppm)
1 12.80 13.10 0.30 58 1.4 0.120 64 44
2 16.10 18.30 2.20 11.4 1.35 0.098 32 22
3 18.30 32.20 13.90 3.1 0.62 0.028 118 20
4 519.00 528.90 9.90 7.8 0.9 0.375 77.5 24.6
includes 521.10 521.60 0.53 40 5.6 3.380 186 31
and 525.00 526.40 1.35 14 1.5 0.898 121 29
5 531.00 536.50 5.50 26.6 0.6 0.235 54.0 24.3
includes 534.70 535.10 0.40 186 5.4 2.950 235 57
N.B. “From” and “to” are vertical depth from surface

A total of 5 zones of copper mineralization were intersected in the above referenced Hole # 1571-16-012.

The Chester Property is known to contain both a copper deposit and a VMS deposit. The copper deposit has an Open Pit resource with Measured & Indicated resource of 1,400,000 tonnes grading 1.38% Cu, 0.06% Zn & 3.5 g/t Ag and an inferred resource of 2,089,000 tonnes grading 1.26% Cu (assayed for Cu only).

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), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange 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, Québec, 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 Québec with approximately 33% in Ontario and 67% in Québec. 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 Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows: 
Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au) 
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au) 
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows: 
Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au) 
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au) 

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 be 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.

A map is available at the following address: http://media3.marketwire.com/docs/1089056A_Fig1.pdf.  

Christian Dupont
President
888-997-4630 or 819-797-4630
819-797-1870
www.explorresources.com
info@explorresources.com

Explor Announces Kidd Township Diamond Drilling Program $EXS.ca

Posted by AGORACOM-JC at 11:22 AM on Wednesday, March 15th, 2017

Exs logo

  • Commenced of a Diamond Drilling Program on the Kidd Township Property
  • Completed a geophysical program consisting of mag and max/min to better define the targets in December 2016 and has started a 3,000 meter diamond drill program

ROUYN-NORANDA, QUEBEC–(March 15, 2017) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the commencement of a Diamond Drilling Program on the Kidd Township Property. The Corporation’s Kidd Township Group of Properties are located to the North, South, West and East of the Open Pit in Kidd Township, located approximately 20 km north of Timmins, Ontario. Explor’s Kidd Township’s Group of Properties have a land position that cover an area of approximately 2,805.20 hectares as shown on the attached Property Map. The most obvious topographical feature in the area is the Open Pit located in the central portion of Explor’s Kidd Township group of Properties. Explor has completed a geophysical program consisting of mag and max/min to better define the targets in December 2016 and has started a 3,000 meter diamond drill program. The diamond drill program is underway and results are pending.

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. There are many suites of Mafic Volcanic rocks as well. Excellent access to the property is provided by Hwy 655.

Exploration drilling completed by Explor to date has revealed a Major Fault Structure running to the west of the Open Pit in a NW-SE direction. A thorough review of all existing geophysical data appears to support these findings. Drilling by Falconbridge in 1998 to the southeast of the Open Pit (Hole # K26-01) returned 4.7m in which 4 of the 5 samples returned Zinc values from 4200 – 8900 ppm and Copper values that ranged from 700 – 2280 ppm. The Magnetic Anomaly associated with these results appears to continue onto Explor’s property holdings. A series of untested AEM (Airborne Electromagnetic) conductors detected on the Kidd Township Group of Properties to the North, South, East and West of the existing Open Pit clearly warrant further investigation.

Some of the EM (Electromagnetic) targets occur along magnetic boundaries suggestive of Rhyolite/Basalt contacts. The Mine in the Center of the Kidd Township Group of properties has produced more than 153,000,000 tonnes of Base Metal Ore (Cu-Zn-Pb-Ag) since it began production in 1966.

Explor believes in the “Cluster Effect of VMS (Volcanogenic Massive Sulfide) Deposits”. Well known examples of the cluster effect of VMS Deposits are the Bathurst Mining Camp where 47 deposits have been found to date, including the Brunswick No.12 and the Brunswick No.6 Mines where more than 130,000,000 tonnes of Base Metal Ore has been produced to date; and the Noranda Mining Camp where 18 deposits have been found to date, with 68,100,000 tons of Base Metal Production from the Horne Mine and Quemont Deposits alone. The presence of Mafic and Felsic rocks on the Kidd Township Group of Properties with anomalous zinc and copper supports the opinion that additional VMS Deposits exist within the Kidd Township Group of Properties as shown on the attached map located in the Timmins/Porcupine Mining Camp.

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), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange 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, Québec, 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 Québec with approximately 33% in Ontario and 67% in Québec. 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 Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:
Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:
Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

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 be 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.

A map associated with this press release is available at the following address: http://media3.marketwire.com/docs/Explor_map.pdf

Explor Resources Inc.
Christian Dupont
President
819-797-1870
888-997-4630 or 819-797-4630
info@explorresources.com
www.explorresources.com