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#Gold Market Will Remain Healthy In The Next 30 Years; Investors Won’t Be Disappointed – WGC $AMK.ca $EXS.ca $GZD.ca $GGX.ca $GR.ca $MQR.ca $HPQ.ca

Posted by AGORACOM-JC at 4:56 PM on Wednesday, May 30th, 2018
Wednesday May 30, 2018 09:23

  • While the face of the gold market might change in the next 30 years as technology develops, the asset class and its safe-haven appeal will remain solid
  • Kitco News, John Reade head of market research said that he does not expect gold’s role as an alternative asset and portfolio diversifier to be replaced by another asset like a cryptocurrencies within the next 30 years.

(Kitco News) – While the face of the gold market might change in the next 30 years as technology develops, the asset class and its safe-haven appeal will remain solid, according to the World Gold Council (WGC).

In an exclusive interview with Kitco News, John Reade head of market research said that he does not expect gold’s role as an alternative asset and portfolio diversifier to be replaced by another asset like a cryptocurrencies within the next 30 years. Reade added that it would take a complete disruption of the entire financial marketplace before gold is usurped as a world-class asset.

“The capital market structure as we see it will probably continue,” he said. “Gold is part of the financial system. It is a mainstream financial asset and it too will continue.”

Reade noted that the remaining question is around the venue where gold is traded – whether its traded in over-the-counter markets, through futures contracts or something else. Reade’s comments come as fin-tech firms develop new platforms for gold, including Tradewind, which has created a new digital platform Vaultchain Gold, which allows investors to buy fractional quantiles of gold. While the market is digital, the platform is backed 100% by physical gold, held by the Royal Canadian Mint.

In a WGC report that looks at the gold market all the way up to 2048, Reade said that so far there is no front runner in the digital gold market but there is growing potential.

“If one (or more) is successful, it could be as big a change to the gold markets as the development of ETFs, but with the added advantage of appealing to younger generations too,” he said.

Not only can digital gold markets help to democratize the precious metal, Reade said that they are seeing evolving technology in mobile application space that could be a game-changer for consumers in developing nations.

Reade noted that app-based saving accounts that let people store their savings in gold, is growing in popularity, especially in regions that have an under-developed banking system.

“I think opening up the gold market for investment purposes to the billions of people… who don’t have wide access to financial products is going to be a major development for the market,” he said.

China Will Play An Important Role In Gold And Global Financial Markets

While access to the gold market is expected to enter the digital realm, Reade said that they still expect to see a healthy physical demand, especially as China and India become more prominent players in the global marketplace with its growing middle class.

In his report, Reade said that the WGC expects the Chinese economy to surpass the U.S. and become, with its growing consumer sector, the biggest influence on global markets.

“Our research has shown that as nations become wealthier, consumers spend more money on gold,” he said. “The growth we see out of China is going to be good for gold demand. The U.S.’s loss in dominance will lead to a weaker currency that will also be good for gold.”

However, while, Reade sees potential for the U.S. dollar to lose some influence in the global market, he does not expect the greenback to completely lose its reserve currency status. China’s closed capital markets and currency restrictions make it impossible for the yuan to be a reserve currency, he added.

“If you want to become a reserve currency you have to allow people to hold that currency in size and let them transact freely. Until we get to that stage, there is no way China can take over as the new reserve currency of the world,”

Ultimately, while the market will see ebbs and flows in investor demand, Reade said that the gold market will remain healthy through the next 30 years. Not only will the yellow metal see consistent demand but, Reade added that the WGC’s research shows declining supply through the next 30 years.

“I don’t think people will be disappointed in the gold market 30 years from now,” he said. “You [can’t] take something that has 6,000 years of value and replace it with something new,” he added in his interview.

Source: http://www.kitco.com/news/2018-05-30/Gold-Market-Will-Remain-Healthy-In-The-Next-30-Years-Investors-Won-t-Be-Disappointed-WGC.html

#Gold set for second consecutive weekly gain on tension over #Syria $AMK.ca $EXS.ca $GGX.ca $GR.ca $GZD.ca $MQR.ca

Posted by AGORACOM-JC at 11:18 AM on Friday, April 13th, 2018

  • Spot gold rose 0.4% to $1,339.71/oz as of 3.24am GMT, and was set for a weekly gain of 0.5%. US gold futures were up 0.1% at $1,342.70/oz.
  • Spot gold is expected to rise to $1,348/oz, as it has found a support at $1,334, said Reuters’ technical analyst Wang Tao.

13 April 2018 – 08:38 Swati Verma

Gold rose on Friday and was set to post a small gain for a second consecutive week, supported by tensions over Syria.

Spot gold rose 0.4% to $1,339.71/oz as of 3.24am GMT, and was set for a weekly gain of 0.5%. US gold futures were up 0.1% at $1,342.70/oz.

Spot gold is expected to rise to $1,348/oz, as it has found a support at $1,334, said Reuters’ technical analyst Wang Tao.

Prices were gaining on tension over Syria, which had stoked geopolitical concern, said Richard Xu, a fund manager at HuaAn Gold, China’s biggest gold exchange-traded fund.

President Donald Trump and his national security aides on Thursday discussed US options on Syria, where he has threatened missile strikes in response to a suspected poison gas attack, as a Russian envoy voiced the fear of wider conflict between Washington and Moscow. Trump, however, cast doubt over the timing of his threatened strike on Syria on Thursday, by tweeting that an attack on Syria “could be very soon or not so soon at all”.

Global stocks recovered and the dollar firmed after Trump’s comments, which weighed on the dollar-denominated bullion.

Gold prices dropped 1.3% on Thursday, the biggest one-day percentage fall since March 28. Prices have fallen by more than $25/oz since climbing to an 11-week high of $1,365.23/oz on Wednesday.

The easing concern over the trade war between China and the US also weighed on gold prices in the previous session.

“Going forward I see downside risk for gold prices in general, the ebbing trade war concerns as well as improvement in growth-related news should bring safe-haven demand lower into the year ahead,” said OCBC analyst Barnabas Gan.

Trump said on Thursday that the trade “negotiations” between Washington and Beijing were going well, conflicting with Chinese official statements on the dispute.

Meanwhile, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.69% to 865.89 tonnes on Thursday.

In other precious metals, platinum was 0.2% higher at $926.74/oz.

Palladium was up 0.5% at $968.50/oz and on track for a more than 7% rise this week.

Spot silver rose 0.4% to $16.49/oz.

Global silver physical demand dropped to its lowest level in five years during 2017, led largely by a steep decline in coin and bar demand, even as industrial demand increased, according to Thomson Reuters GFMS.

Reuters

Source: https://www.businesslive.co.za/bd/markets/2018-04-13-gold-set-for-second-consecutive-weekly-gain-on-tension-over-syria/

Explor $EXS.ca Increases East Bay Property $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 4:31 PM on Wednesday, April 11th, 2018

Exs logo

  • Announced the acquisition of 9 mineral claims located in the Hébécourt Township and in the Lac Duparquet and Rapide-Danseur Municipalities
  • In the Rouyn-Noranda Mining Division, Province of Quebec for a total of 383.30 hectares
  • Claims are contiguous to the East Bay Property

ROUYN-NORANDA, Quebec, April 11, 2018 – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX-V:EXS) (OTCQB:EXSFF) (FSE:E1H1) (BE:E1H1) is pleased to announce the acquisition of 9 mineral claims located in the Hébécourt Township and in the Lac Duparquet and Rapide-Danseur Municipalities, in the Rouyn-Noranda Mining Division, Province of Quebec for a total of 383.30 hectares. These claims are contiguous to the East Bay Property. Explor will issue pay $5,000 cash and issue 450,000 shares to acquire a 100% interest in the additional East Bay claims.

This program is in line with the Corporation’s strategy of conducting exploration along the Porcupine Destor Fault Zone (PDFZ), where several notable gold deposits have been found in the past, including the Timmins mining camp which produced more than 80 million oz of gold. The Corporation now owns 11,389.20 ha of land along this section of the PDFZ. Explor’s East Bay property is contiguous and wraps around the western portion of the former Clifton Star’s Duparquet property as shown on the attached plan. The East Bay property is approximately 0.5 km west of the former Consolidated Beattie and Donchester Gold Mines.The former Consolidated Beattie and Donchester Gold Mines, produced over 1.0 million oz of gold between 1933 and 1956. The former Clifton Star in a previous press release announced (Press Release dated April 09, 2014) significant proven and probable reserves of 1,895,530 oz at 1.50 g/t Au and a measured and indicated resource of 1,127,972 oz at 1.48 g/t Au on their property.

The East Bay Gold Property is located to the west of the Consolidated Beattie and Donchester Gold Property and contiguous to the ground on which the former Clifton Star Resources Inc. intersected wide width of gold mineralization (Press Releases dated June 19 and June 6, 2013).

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.

For further information please contact:            

Christian Dupont, President     Tel: 888-997-4630 or 819-797-4630     Fax: 819-797-1870     Website: www.explorresources.com     Email: [email protected]    

#Gold Climbs After #China Imposes Tariffs $AMK.ca $EXS.ca $GGX.ca $GR.ca $GZD.a $MQR.ca

Posted by AGORACOM-JC at 11:41 AM on Monday, April 2nd, 2018
  • Gold prices rose Monday after China imposed tariffs on a range of U.S. goods, following through on a promise to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum
  • Gold for June delivery added 0.8% to $1,337.40 a troy ounce on the Comex division of the New York Mercantile Exchange
By Amrith Ramkumar

April 2, 2018 10:19 a.m. ET

Gold prices rose Monday after China imposed tariffs on a range of U.S. goods, following through on a promise to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum.

Gold for June delivery added 0.8% to $1,337.40 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices have stayed between about $1,305 and $1,360 this year, moving within that range based on safe-haven demand from investors, swings in the dollar and worries about higher interest rates.

Some money managers favor gold when they think markets might turn rocky. Protectionist trade policies from the U.S. and China have stoked fears of a global trade war that leads to higher manufacturing costs and eventually slower economic growth, pushing some traders to scoop up gold.

The Chinese penalties range from 25% on American pork and eight other kinds of goods to 15% on fruit and 120 types of commodities, according to the Chinese Finance Ministry.

“Last night’s tariff news from China spooked the market, took the dollar lower and gave us a lot of safe-haven buying in gold,” said Bob Haberkorn, senior market strategist at RJO Futures.

A weaker dollar boosts gold by making it and other dollar-denominated commodities cheaper for overseas buyers. The WSJ Dollar Index, which tracks the U.S. currency against a basket of 16 others, pared early losses and was recently up less than 0.1%.

Investors will be monitoring speeches from Federal Reserve officials and economic data this week for the latest clues about the path for higher interest rates. Gold struggles to compete with yield-bearing assets as borrowing costs rise, and the prospect of two or three more increases following March’s rate increase has limited price gains, according to analysts.

“Rates are going to hang over any gold rally we have for the remainder of the year,” Mr. Haberkorn said.

Among base metals, copper for May delivery added 0.7% to $3.0480 a pound. Prices fell 7.9% in the first quarter to end an eight-quarter winning streak, hurt by trade tensions and lukewarm Chinese economic data. However, data released over the weekend showed an official gauge of China’s factory activity rose to a three-month high in March, as factories ramped up production following the Lunar New Year holiday.

Some investors expect data to pick up as the year goes on and supply disruptions from mining labor contracts up for renegotiations to buoy prices.

Write to Amrith Ramkumar at [email protected]

Source: https://www.wsj.com/articles/gold-climbs-after-china-imposes-tariffs-1522678783

FEATURE: Explor Flagship Hosts NI 43-101 Resource – 609K Oz Indicated, 470K Oz Inferred #Gold $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 10:45 AM on Friday, March 23rd, 2018

Why Explor Resources?

Flagship Property Offers The Following:

  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred Gold
  • 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

WATCH OUR RECENT INTERVIEW

Explor Acquires Hoyle Township Exploration Property

Posted by AGORACOM-JC at 6:09 PM on Wednesday, March 21st, 2018

Exs logo

  • Announced the acquisition of eight mining claims situated in the Hoyle Township, in the Porcupine Mining Division, District of Cochrane,  Province of Ontario for a total of 1036.4 hectares
  • Claims are located in Hoyle Township, north of Bell Creek, Owl Creek and Hoyle Pond gold Mines

ROUYN-NORANDA, Quebec, March 21, 2018 – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX-V:EXS) (OTCQB:EXSFF) (FSE:E1H1) (BE:E1H1) is pleased to announce the acquisition of eight (8) mining claims (64 claim units) situated in the Hoyle Township, in the Porcupine Mining Division, District of Cochrane,  Province of Ontario for a total of 1036.4 hectares. These claims are located in Hoyle Township, north of Bell Creek, Owl Creek and Hoyle Pond gold Mines. Highway 101, south of the property, provides excellent access to the property and to the city of Timmins. These claims were acquired because of results obtained by Tahoe Resources and Goldcorp in their exploration programs in Hoyle Township.

Explor will pay CDN $1,000 and issue 3,000,000 common shares to acquire a 100% interest in the property. This acquisition is subject to the approval of the TSX Venture Exchange.

With this acquisition, Explor’s strengthens its position as a gold exploration company in the Timmins Mining Camp. Gold mineralization was first discovered in Hoyle Township on the Bell Creek Mine property between 1980 and 1982 by a joint venture between Rosario Resources Canada Ltd. (“Rosario”) and Dupont of Canada Exploration Limited (“Dupont”) as shown on the attached plan. The Bell Creek Property was subsequently acquired by Canamax Resources (“Canamax”).  Canamax explored and developed the Bell Creek Mine between 1986 and 1991. Falconbridge Gold Corporation (“Falconbridge”) acquired and operated Bell Creek Mine from 1991 to 1992, followed by Kinross Gold Corporation (“Kinross”) until mine closed in 1994. In 2007, Lake Shore Gold Corp. (“Lake Shore”) entered into an agreement with Porcupine Joint Venture (“PJV”) to acquire the Bell Creek Mine and Mill Complex.  Tahoe Canada is its current owner having acquired Lake Shore. The current measured and indicated resource of the Bell Creek mine is: Measured and indicated 4,685,999 tonnes at 4.72 g/t Au and inferred 6,080,000 tonnes at 4.62 g/t. Au.1

The Owl Creek Mine was discovered by Inco Limited (“Inco”) in 1973 approximately 3.2 km from the Kidd Creek Concentrator and Smelter Complex. Drilling and geological surveying which were undertaken, resulted in a number of gold assays that averaged 0.22 ounces of gold (Au) per ton. The Owl Creek Mine was placed on hold for the next few years before an optioning agreement was made in 1980 between Texas Gulf Canada Limited (“Texas Gulf”) and Inco to explore the gold property. A joint venture was established to conduct underground exploration and bulk sampling on a 60%-40% basis. Diamond drilling that was completed along a strike of 400 feet indicated an average grade of 0.22 ounces of gold (Au) per ton in 5 holes over an average width of 10 feet. Gold assays that were pick up from drilling also ranged from 0.15 ounces of gold over 15 feet to 0.27 ounces of gold over 9 feet. An Open Pit was established and Texas Gulf reported that about 200,000 tonnes of ore were mined which an average of 5 g/t gold, or 0.145 ounces of gold (Au) per ton. The Owl Creek mine was later acquired by Falconbridge in 1986 when it acquired Texas Gulf.  Of note, hole # H13-34 returned an average assay of 0.18 ounces of gold per ton over 173.9 feet. In addition to this, it also included a 78.7 ft interval averaging 0.32 ounces of gold per ton (Au). Other reports stated that the Owl Creek West Project is commonly known to be opened along strike, and both up dip, and down dip. The Owl Creek mine was subsequently acquired by Goldcorp.

The Hoyle Pond Mine located to the east of the Owl Creek mine was discovered in 1969 and produces free milling gold with a grade of up to 17.8 g/t by gravity and flotation. The gold ore is found in 2 to 3 quartz carbonate veins steeply dipping to the north east. In a press release dated July 26, 2017, Goldcorp stated that “at Hoyle Pond, 4,666m of core drilling was completed to further test the down plunge mineralization of the S veins. Drilling results showed some grade variability, but an overall extensive high grade ore plunge. Extending the ore plunge across the diabase dyke to the east was a goal of the exploration team for the second quarter. The two deepest intersections on the S1 vein at 1,860 m  level returned intercepts of 72.2 g/t over 1.5m and 40.3 g/t over 1.7m (true width).  Both intercepts revealed brecciated, multigenerational quartz veins with visible gold concentrated along the footwall contact.  More typical intercepts would range closer to 20.9 g/t over 1.2m, with varying widths of up to 4m (true width)”.

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.

For further information please contact:            

Christian Dupont, President     Tel: 888-997-4630 or 819-797-4630     Fax: 819-797-1870     Website: www.explorresources.com     Email: [email protected]    1 Based on a NI 43-101 technical report entitled “Ni 43-101 Technical Report, Updated Mineral Reserve Estimate for Bell Creek Mine, Hoyle Township, Timmins, Ontario ” prepared in March 2015 by Eric Kallio, P. Geo., and Nastasha Vaz, P. Eng. and filed on SEDAR.

To view the map associated with this release, please visit the following link:

http://resource.globenewswire.com/Resource/Download/3700ff26-e218-42f9-9cb4-69eae3a05dfe

Explor $EXS.ca Intersects 4.830 g/t #Gold Over 2.5 Meters on East Bay Gold Property $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 9:29 AM on Monday, March 5th, 2018

Exs logo

  • Intersects 4.830 g/t Au Over 2.5 Meters on East Bay Gold Property
  • Exploration program has confirmed several interesting drill targets
  • Program consisted of a Phase III 3000 meter drill program

ROUYN-NORANDA, Quebec, March 05, 2018- Explor Resources Inc. (“Explor or the “Corporation”) (TSX-V:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BE:E1H1) is pleased to announce the results of the East Bay Gold Property exploration program. The analysis of previous exploration by Cambior and the results of the previous exploration program completed by Explor (Press Release October 06, 2015) have confirmed several interesting drill targets. The exploration program consisted of a Phase III 3000 meter drill program.

  2017-2018 Diamond Drill Program on East Bay Property

This program is in line with the Corporation’s strategy of conducting exploration along the Porcupine Destor Fault Zone (PDFZ), where several notable gold deposits have been found in the past, including the Timmins mining camp which produced more than 80 million oz of gold. The Corporation now owns 11,005.9 ha of land along this section of the PDFZ. Explor’s East Bay property is contiguous and wraps around the western portion of the former Clifton Star’s Duparquet property as shown on the attached plan. The East Bay property is approximately 0.5 km west of the former Consolidated Beattie and Donchester Gold Mines.The former Consolidated Beattie and Donchester Gold Mines, produced over 1.0 million oz of gold between 1933 and 1956. The former Clifton Star in a previous press release announced (Press Release dated April 09, 2014) significant proven and probable reserves of 1,895,530 oz at 1.50 g/t Au and a measured and indicated resource of 1,127,972 oz at 1.48 g/t Au on their property.

The East Bay Gold Property is located to the west of the Consolidated Beattie and Donchester Gold Property and contiguous to the ground on which the former Clifton Star Resources Inc. intersected wide width of gold mineralization (Press Releases dated June 19 and June 6, 2013).

Drilling was aimed at four targets along the prolific Porcupine Destor fault zone, respectively in Duparquet and Hébécourt Townships and one target near the contact between the Hunter Mine Group and the Deguisier Formation. Three geophysical targets were drilled on the western portion of the property.  A geophysical target on the eastern part of the property and one in the northern part were drilled. A total of 8 drill holes were completed for a total of 3,443 meters and 1,262 core samples were sent to the lab and analyzed.

In Duparquet Township, a total of 7 holes were completed. The Drilling was focused on increasing our understanding of the mineralization as it is associated with the felsic and mafic rock types.  Gold mineralization appears to be associated with the deformed contacts of feldspar porphyry dyke or in the porphyry. The drill holes completed in the 2018 program were aimed at locating this and testing its contacts at depth. The drilling confirmed the presence of the porphyry, strong deformation and significant anomalous gold mineralization.

In Hébécourt Township, drilling in 2018 consisted of one hole to target a significant geophysical anomaly. The hole was completed to a depth of 483 meters in length.

General observations and results obtained in 2018 are summarized below:

Drill hole EB-17-01 was aimed at testing the projection of a felsic porphyry and an anomalous zone of gold and arsenopyrite (mineralisation of the Beattie gold mine) found during the 2017 summer’s sampling campaign. Several pyritic zones (up to 10%) have been identified in the first 100 meters in basaltic rocks with no significant results. The first quartz-feldspar porphyry (“QFP”) was intersected between 384.50 meters and 411.90 meters down hole. A value of 0.536 g/t Au over 0.90 meters was analyzed in mafic lavas containing arsenopyrite at the top of the QFP contact.

Drill hole EB-17-02 and EB-17-03 were designed to confirm and better understand copper and gold zones intersected by Noranda Exploration Ltd. in 1994 (best result: 100 g/t Au, 1.40% Cu over 0.45 meters). Significant zones of alterations were intersected in the rhyolites as well as in QFP with several anomalous gold zones (best result: 0.618 g/t Au over 1.5 meters).

The purpose of hole EB-18-04 was to verify the eastward extension (300 m) of two porphyry dykes south of the Destor-Porcupine deformation zone intersected in hole # POR-98-97 drilled by Cambior in 1998 (1.19 g/t Au over 5.90 meters and 0.669 g/t Au over 7.15 meters). The porphyry zones were not intersected and no significant values were intersected.

Holes EB-18-05 to EB-18-07 targeted the porphyry east of the Duparquet River. Hole EB-18-05 returned several anomalous gold zones with the two in the QFP intrusion: 0.328 g/t Au over 12 meters and 4.85 g/t over 2.5 meters. Hole EB-18-06, directly below hole EB-18-05 has also returned several anomalous gold zones: 0.236 g/t Au over 24 meters from 162 to 186 meters and 1.54 g/t Au over 1.5 meters in the sediments and 0.611 g/t Au over 11 meters from 268 to 279 meters in the porphyry. Hole EB-18-07, 100 meters to the east, has encountered no significant values.

Hole EB-18-08 aimed at the intersection of the porphyry zone west of the Duparquet River with a probable NNE-SSW shear zone. A value of 3.87 g/t Au over 0.68 meters was returned in a small band of ultramafic rocks.

With very few drill holes completed so far on the western portion of the property, there is insufficient geological information to clearly understand the complex local tectonics and the anomalous gold zones with confidence.  Because of the presence of sheared and altered felsic porphyries and widespread gold mineralization in the ultramafics, the complex tectonic environment, and of very encouraging results, further drilling is highly recommended.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased with the East Bay property. Explor Resources is the owner of the largest contiguous land package in the Duparquet Mining Camp. This property completes a wraparound to the west and northwest of the structure hosting the Beattie-Donchester Mines. Explor believes that the structure continues onto the Explor ground. Very little substantive exploration has been completed on Explor’s East Bay Gold Property.”

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

Explor Resources invites investors to visit our booth at the following conference:

Booth #2122 at the Investor Exchange of the PDAC 2018 located in the south building of the Metro Toronto Convention Center from March 4 to March 7, 2018.

The management team at Explor Resources Inc. looks forward to having you join us.

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.

For further information please contact:
Christian Dupont, President
Tel: 888-997-4630 or 819-797-4630
Fax: 819-797-1870
Website: www.explorresources.com
Email: [email protected]

A map accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b1a4caf5-95eb-40c7-83c1-87ab7f05c229

AGORACOM Clients Attending PDAC 2018 $AMK.ca $EXS.ca $GGX.ca $GZD.ca $HPQ.ca $MQR.ca $NAM.ca

Posted by AGORACOM-JC at 4:00 PM on Thursday, March 1st, 2018

Exploring B.C.’s Prolific Golden Triangle, Adjoining Pretivm and Seabridge Gold

Recent drill program intersected 337.5m of continuous mineralization grading 0.76 g/t gold

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Booth Number: 2351
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Flagship Property Hosts NI 43-101 Resource of 609,000 oz Indicated / 470,000 Inferred Gold,
13 KM From Downtown Timmins

Abitibi has produced more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore to date

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Booth Number: 2122
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Gold Drop Property Within Multi-Million Ounce Production Region

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Booth Number: 3112B & 2951
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More than 9M oz of Gold Produced or As Resources Nearby
Portions of Grizzly’s Greenwood Project being explored by Kinross

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Booth Number: 3020
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Learn About the PUREVAP(TM) Project and it’s Potential to Disrupt the Solar Industry

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Booth Number: 2145
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Gold Producer With Recent Quarterly Revenue of $10.3M
Located in one of the best mining jurisdictions in Canada

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Booth Number: 2417A
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Among North America’s Leaders in PGM & Lithium Exploration
Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources

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SUITE 1201, Strathcona Hotel, 60 York Street
The Hotel is directly across from the Royal York Hotel

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Sovereign Wealth Funds Investing In #Gold For “Long Term Returns” – PwC $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 10:50 AM on Tuesday, February 13th, 2018
  • Gold has outperformed equities and bonds over the long term – PwC Research
  • Gold is up 6.7% and 6.8% per annum over 10 and 20 year periods; Stocks and bonds returned less than 5.2% respectively over same period (see PwC table)
  • From 1971 to 2016 (45 years), “gold real returns were approximately 10% while inflation increased 4%”
  • Gold also valuable due to lack of correlation and hedge against inflation, currency devaluation and uncertainty

Source: PwC  Research via Bloomberg and WGC data

In new research, entitled ‘The rising attractiveness of alternative asset classes for Sovereign Wealth Funds‘ PwC explain how gold is viewed as an important diversifier by sovereign wealth funds, as both an important hedge and for long term returns.

PwC now class gold as a ‘re-emerging asset class’ on the basis of its long-term out performance of stocks and bonds, low correlation with traditional assets, resilience and high liquidity.

Gold along with private equity, real estate and infrastructure now accounts for 23% of a total $7.4 trillion of assets under management by sovereign wealth funds.

The report notes that from a peak of 40% in 2013, sovereign wealth funds’ investment into fixed income instruments such as government bonds declined to 30% by 2016. Due to record low bond yields, the funds decided to turn their attention to alternative assets to enhance returns.

The report notes the impressiveness of both gold’s long-term performance and low correlation to other assets in the long-term, compared to other alternatives.  In the short-term the benefit of gold’s liquidity is noted:

“[It] has one of the highest rates of daily volumes exchanged and can provide protection against short and medium term market corrections.”

The 23% allocation is expected to increase going forward, despite slight increases in rates recently and because of the likelihood of continuing very low interest rates.

This report comes at a time when we are seeing a growing interest by both large institutions and family offices in gold investment.

Like sovereign wealth funds, they are encouraged by gold’s long-term returns, high liquidity and resilience against economic shocks.

Long term outperformance to traditional asset classes

As we have seen in recent years gold, like all assets, has periods when it underperforms. This has been in the short-term in the last 3 to 5 years, but in the long-term – such as a 10, 20 or 40 year period, it is an entirely different story.

Indeed, gold’s recent underperformance, makes its long term outperformance all the more impressive.

The report shows that in the last ten years, gold delivered returns of 6.7% per annum, outperforming equities and bonds which returned just 4.9% and 4.5% respectively. This return was slightly greater over a 20-year period when gold returned 6.8% per annum, compared to equities and bonds which returned just 5.2% and 5.2%.

Over the long term, gold is one of the top three performing assets along with real estate and private equity.

“Gold’s long-term performance is attributed to three factors: increased demand from emerging markets, central banks becoming net buyers, and the emergence of new products, such as gold-based ETFs, which have simplified investing and made the material more accessible.” – PwC

PwC also note the importance of gold when it comes to protecting against currency devaluation:

“By introducing alternatives into the portfolio, the value of investments can be protected against a possible decrease in purchasing power of the currency the investments are denominated in. This can be done through instruments whose returns are somehow linked to inflation or have perceived intrinsic value. Assets with perceived intrinsic value, such as commodities, should increase in price alongside CPI. In cases of extreme inflation for example, gold has historically performed well, outpacing that inflation by 10%…gold performed well during inflationary periods. For example, from 1971 to 2016, gold real returns were approximately 10% while inflation increased 4% year-over-year.”

Gold doesn’t follow: Low correlation with traditional asset classes

“Gold can be a useful addition to investment portfolios compared to other commodities, due to lower correlation with traditional asset classes. Between June 1997 and June 2017, the correlation between gold and equity returns was close to zero (-0.07), thus showing its diversification benefit. The asset class maintains only a negative correlation over a ten-year period as well, standing at -0.05. Gold is more correlated with bond returns, standing at 0.58 on a ten-year basis, and at 0.28 on a twenty-year correlation (see Figure 27)…Gold has, over all considered time periods, no statistically significant correlation with hedge funds, private equity, infrastructure, and real estate.”

As with the other factors discussed by PwC this is pertinent for all considering investing in gold, from retail and pension investors, larger institutions and family offices. Much of gold’s low correlation is due to the fact that it is less affected by economic cycles and geo-political risks than other financial assets. This means it shows resilience at times when others are showing weakness.

This has been seen in recent days when stock markets saw massive volatility and very sharp corrections and gold was essentially flat. Year to date in 2018, gold is nearly 1.7% higher while many stock indices are down sharply – Euro Stoxx 50 is down more than 4%  year to date.

Resilient asset class during crises and instability

The gold price performs well in times of financial crises and extreme market events. During these times the correlation benefits become even more important, so it can provide portfolio insurance since it minimises portfolio losses.  PwC explain that this is what distinguishes gold from other assets:

 

“Gold has delivered negatively correlated returns when equity indices, such as S&P 500, have plummeted. Figure 28, 29, and 30 show gold’s performance during episodes of acute market crisis (GFC and the Sovereign Debt Crisis I and II). In these cases, the gold price started to rise significantly as the S&P 500 index decreased. Generally speaking, the gold price per ounce rose as investors perceived uncertainty in the stock markets, and decreased as these markets gave signs of normalisation.”

After the bloodbath of the last week, S&P500 investors will be interested to hear how gold correlates to the market”

“Among alternatives, when examining the correlation of returns with the S&P 500 index, gold is an excellent diversifier presenting the lowest correlation on a five-, ten-, and twenty- year basis (0.04, -0.05, -0.07 respectively).”

Liquid gold

The asset is particularly liquid in contrast to many of the other assets considered by SWFs, this is something very beneficial according to PwC:

” Stabilization funds may, in particular, benefit from adding gold among their holdings as they are required to hold highly liquid assets to counter the effects of sudden macroeconomic shocks.

Gold has distinguished itself from other alternative asset classes as it has been more liquid, with USD 224 bn traded on average on a daily basis in 2016″.

Conclusion: Investment and pension case for gold is strong

PwC do not beat about the bush when it comes to their positivity towards  gold as an investment. They synopsise and elucidate many of gold’s benefits which we have long been highlighting in recent years:

“All these features suggest that gold as an investment class can offer reliable support, not only during uncertain market and political conditions, such as periods of high inflation, stock market crashes, and geopolitical instability, but also under normal market conditions.”

They clearly see gold as playing a crucial role in the portfolios of sovereign wealth funds and indeed the majority of investors across the spectrum.

“The investment case for gold, during periods of market uncertainty, has proven to be strong, with the price of gold having surged rapidly and having countered the negative effects of adverse market conditions. Hence, investors can consider gold for diversification and long-term performance.”

Pwc Report on gold can be accessed here

Watch the PwC World Gold Council interview about the report here

Related Content

Research: Gold As a Safe Haven Asset

CNBC: Is gold the ultimate safe haven?

News and Commentary

Gold steady on weaker dollar ahead of U.S. price data (Reuters.com)

Asian markets continue upswing as global rebound continues (MarketWatch.com)

Gold recoups half of last week’s loss as dollar softens (MarketWatch.com)

U.S. runs January budget surplus of $49 billion, Treasury says (MarketWatch.com)

VIX manipulation costs investors billions, whistle-blower tells CFTC (Bloomberg.com)


Source: Goldchartsrus via Goldseek

Silver Expected To Rise After Drop Versus Gold – Everbank (GoldSeek.com)

Gold demand in technology sector advances in 2017 for the first time since 2010 (ScrapRegister.com)

Insider trading has been rife on Wall St – The Economist (Economist.com)

The Fed’s Impossible Choice, In Three Charts (DollarCollapse.com)

When Will It End? Bloodied Traders Are Seeking Clues (Bloomberg.com)

Gold Prices (LBMA AM)

13 Feb: USD 1,329.40, GBP 955.04 & EUR 1,077.61 per ounce
12 Feb: USD 1,321.70, GBP 955.19 & EUR 1,077.45 per ounce
09 Feb: USD 1,316.05, GBP 945.58 & EUR 1,072.84 per ounce
08 Feb: USD 1,311.05, GBP 944.87 & EUR 1,071.13 per ounce
07 Feb: USD 1,328.50, GBP 956.12 & EUR 1,075.95 per ounce
06 Feb: USD 1,344.65, GBP 962.50 & EUR 1,083.52 per ounce
05 Feb: USD 1,337.10, GBP 947.20 & EUR 1,072.49 per ounce

Silver Prices (LBMA)

13 Feb: USD 16.61, GBP 11.94 & EUR 13.46 per ounce
12 Feb: USD 16.43, GBP 11.86 & EUR 13.39 per ounce
09 Feb: USD 16.36, GBP 11.83 & EUR 13.37 per ounce
08 Feb: USD 16.35, GBP 11.70 & EUR 13.36 per ounce
07 Feb: USD 16.69, GBP 12.02 & EUR 13.52 per ounce
06 Feb: USD 16.81, GBP 12.07 & EUR 13.59 per ounce
05 Feb: USD 16.88, GBP 12.01 & EUR 13.56 per ounce

https://news.goldcore.com/

Source: http://news.goldseek.com/GoldSeek/1518511260.php

INTERVIEW: Explor Resources $EXS.ca Discusses TPW Property with A 609K oz Indicated / 470K Inferred #GOLD Resource just 13Km from Timmins $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 2:20 PM on Thursday, February 8th, 2018