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Explor closes a third and final tranche of a maximum of $2 million private placement in flow-through shares $EXS.ca

Posted by AGORACOM-JC at 4:21 PM on Friday, December 9th, 2016

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  • Announces the closing of a third tranche of a non-brokered private placement previously announced for a maximum of 23,529,412 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000
  • Third and final tranche of the Private Placement closed today consists in the sale of 1,650,000 shares for an aggregate subscription of $140,250

ROUYN-NORANDA, CANADA–(Dec. 9, 2016) - Explor Resources Inc. (TSX VENTURE:EXS) (OTCQX:EXSFF) (FRANKFURT:E1H1) (BERLIN:E1H1) (“Explor” or the Corporation) announces the closing of a third tranche of a non-brokered private placement previously announced for a maximum of 23,529,412 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000 (the “Private Placement“). The third and final tranche of the Private Placement closed today consists in the sale of 1,650,000 shares for an aggregate subscription of $140,250. Following the three closings to the private placement, the Corporation has received a total amount of $1,557,240, representing an aggregate amount of 18,320,470 flow-through shares.

The net proceeds from this third closing of the Private Placement will have to be incurred by the Corporation in exploration expenditures on mining properties located in the provinces of Québec ($120,700) and Ontario ($19,550). No finder’s fees are payable in connection to this last closing.

The securities issued pursuant to the third closing of the Private Placement are subject to a hold period of four months and a day ending April 10, 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 OTCQX (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 Inc. 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
info@explorresources.com
www.explorresources.com

 

Explor Intersects 2.187% Copper Over 9.66 Meters on the Chester Copper Property $EXS.ca

Posted by AGORACOM-JC at 8:38 AM on Wednesday, November 30th, 2016

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  • Intersects 2.187% Copper Over 9.66 Meters
  • Chester Property is known to contain both a copper deposit and a VMS deposit
  • 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

ROUYN-NORANDA, QUEBEC–(Nov. 30, 2016) – Explor Resources Inc. (“Explor” or the “Corporation“) (TSX VENTURE:EXS) (OTCQX:EXSFF) (FRANKFURT:E1H1) (BERLIN:E1H1) is pleased to announce the completion of 12 Diamond Drill Holes for a total of 2,027 meters 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.

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 190 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 adding 100 meters of strike length to the known deposit. It intersected the target horizon and favorable geology from 94 meters to 234.6 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.

Preliminary results are shown below for Hole # 1571-16-001:

Summary of results from Drill hole 1571-16-001:
From (m): To (m): Length: (m) Au (ppb) Ag (ppm) Cu % Zn (ppm) Pb (ppm)
Zone 1 78.50 81.50 3.00 142 7.36 2.383 1708 138
Zone 2 86.00 89.10 3.10 57.3 3.91 1.808 608 75
Zone 3 119.00 122.55 3.55 113 6.65 7.973 932 86
Zone 4 135.00 144.50 9.50 31 1.06 0.976 141 25
includes: 137.80 144.50 6.70 33 1.28 1.240 144 25
and 142.00 144.50 2.50 39 2.08 2.308 220 25
Zone 5 153.00 162.66 9.66 84 1.93 2.187 198 36
includes 153.00 154.50 1.50 58 1.40 1.310 192 40
and 161.35 162.66 1.31 416 9.55 13.810 710 91
Zone 6 177.80 179.70 1.90 72 3.31 2.323 346 62

A total of 6 zones of copper mineralization were intersected in the above referenced Hole # 1571-16-001 Samples have been sent to the lab and assays are pending.

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 OTCQX (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.

To view the image associated with this press release, please visit the following link: http://media3.marketwire.com/docs/CHESTERLRG.jpg

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

Explor Closes a First Tranche of a Private Placement in Common and Flow-Through Shares $EXS.ca

Posted by AGORACOM-JC at 4:35 PM on Tuesday, November 29th, 2016

Exs logo

  • Closed a first tranche of a non-brokered private placement of a maximum of 11,764,705 common shares and/or flow-through shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000
  • Each common share is accompanied of one-half of a share purchase warrant, one whole warrant and $0.15 being required for the acquisition of one common share of the Corporation at the latest 24 months from each closing

ROUYN-NORANDA, QUEBEC–(Nov. 29, 2016) - Explor Resources Inc. (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) (“Explor” or the Corporation) is pleased to announce that it has closed a first tranche of a non-brokered private placement of a maximum of 11,764,705 common shares and/or flow-through shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000. Each common share is accompanied of one-half of a share purchase warrant, one whole warrant and $0.15 being required for the acquisition of one common share of the Corporation at the latest 24 months from each closing (the “Private Placement“).

The first tranche of the Private Placement closed today consists in the sale of 588,235 common shares, of 2,235,294 flow-through shares and the issuance of 294,118 warrants. This represents an aggregate subscription of $240,000, out of which $170,000 will have to be incurred by the Corporation in exploration expenditures on mining properties located in the province of Québec and $20,000 will be incurred on mining properties located in the province of Ontario. There are no finder’s fees payable for the securities issued upon this first closing.

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 March 30, 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 OTCQX (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.

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

Explor Resources Exploration Program Update on the Timmins Porcupine West Gold Property $EXS.ca

Posted by AGORACOM-JC at 4:37 PM on Thursday, November 24th, 2016

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  • Announced an Exploration Program Update on the Timmins Porcupine West Property as provided by Teck Resources Limited
  • In December 2014, the Corporation signed an agreement with Teck under which Teck can acquire an initial 55% interest in the Timmins Porcupine West property by completing exploration work expenditures totaling $8,000,000 by May 1st, 2019

ROUYN-NORANDA, QUEBEC–(Nov. 24, 2016) - Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce an Exploration Program Update on the Timmins Porcupine West Property (“TPW Property” or the “Property“) as provided by Teck Resources Limited (“Teck“). In December 2014, the Corporation signed an agreement with Teck under which Teck can acquire an initial 55% interest in the Timmins Porcupine West property by completing exploration work expenditures totalling $8,000,000 by May 1st, 2019.

A technical meeting was held on October 07, 2016 that reviewed results to date as well as plans going forward on the property as detailed below.

In 2016, the focus has been reviewing the volume of data received in 2015, and developing vectors to mineralization in order to make drilling more efficient. Key points of this work included:

  1. Development of a ‘sericite index’ reflecting particular white mica compositions, as mapped by Short Wave Infrared (“SWIR”) techniques, which have a close spatial association with high grade gold intersections.
  2. Identification of key geochemical pathfinders to mineralization, including zinc, sulphur, lead, iron, among others.
  3. The combination of the alteration with the geochemistry can be used to identify ‘near-hit’ holes, and potential upside for West-Deep style mineralization.

The work completed by Teck to date has confirmed and identified a hydrothermal corridor (the “Porcupine Horizon”) through geochemistry and SWIR data, and selection of ‘near-hit’ holes, techniques were investigated in an effort to vector to mineralization within this plane, and to increase drill metre efficiency through geophysics.The results of the alteration and geochemistry studies support the hypothesis of an approximately east-west corridor hydrothermal corridor, within which the West Deep Zone defines a discrete ore shoot. In April 2016, Teck conducted a borehole physical property survey using in-house equipment, as well as non-destructive benchtop studies of known mineralization to identify geophysics options.

The results indicated that mineralization is chargeable (IP), but produces false anomalies (non-gold bearing pyrite zones). The results also indicated that mineralization is conductive (EM), and did not produce significant false anomalies. The results of these studies indicate that EM should be able to detect West-Deep style mineralization.

Following the petro-physics work, a borehole EM study was designed to test real-world efficacy of the method. 4 holes were tested (TPW-11-43W6, TPW-11-45W3, TPW-10-34, and TPW-15-120) in order to confirm the method can detect mineralization in the West Deep zone, and to test the distance resolution of the technique.

  1. The technique was able to detect mineralization within approximately 30m of the boreholes. While this is useful for guiding step-out drilling within a shoot, it does not seem to see far enough off-hole to identify shoots around near-hit holes.
  2. Based on the results of the borehole EM, a VTEM survey was supported. Theoretical modeling of the EM response suggests that the VTEM technique should be able to detect a West-deep size body within approximately 200m of the surface (varying with size and conductance of a targeted body), with the opportunity to identify new shoots. The VTEM survey was flown the week ending September 23rd, and results are pending data processing by the contractor.

As far as expenditures on the property are concerned, Teck has forecasted approximately CA$316,000 expenditures for calendar year 2016. This brings the total forecast earn-in expenditures to approximately $2,130,000 CDN to year end.

Teck stated that as far as a fall/winter 2016/2017 drill program is concerned, Teck has planned a program and is presently waiting for budgetary approval as a program has been put forward.

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 3-D geological model may be viewed on our website: www.explorresources.com. 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.

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 technical information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (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 Limited 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 of TECK RESOURCES LIMITED – TIMMINS PORCUPINE WEST 2015 DRILLING is available at the following address: http://media3.marketwire.com/docs/161124_EXS_Map.pdf

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

Explor Closes a Second Tranche of a Maximum of $2 Million Private Placement in Flow-Through Shares $EXS.ca

Posted by AGORACOM-JC at 4:14 PM on Friday, November 18th, 2016

Exs logo

  • Announces the closing of a second tranche of a non-brokered private placement previously announced for a maximum of 23,529,412 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000

ROUYN-NORANDA, QUEBEC–(Nov. 18, 2016) - Explor Resources Inc. (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) (“Explor” or the Corporation)announces the closing of a second tranche of a non-brokered private placement previously announced for a maximum of 23,529,412 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000 (the “Private Placement“). The second tranche of the Private Placement closed today consists in the sale of 2,552,941 shares for an aggregate subscription of $217,000.

The net proceeds from the Private Placement will have to be incurred by the Corporation in exploration expenditures on mining properties located in the provinces 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 second closing of the Private Placement are subject to a hold period of four months and a day ending March 19, 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 OTCQX (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
819-797-1870
www.explorresources.com
info@explorresources.com

Explor Closes a First Tranche of a Maximum of $2 Million Private Placement in Flow-Through Shares $EXS.ca

Posted by AGORACOM-JC at 4:31 PM on Friday, November 4th, 2016

Exs_logo

  •  Announces the closing of a first tranche of a non-brokered private placement of a maximum of 23,529,412 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000
  • First tranche of the Private Placement closed today consists in the sale of 14,117,529 shares for an aggregate subscription of $1,199,990.

ROUYN-NORANDA, QUEBEC–(Nov. 4, 2016) - Explor Resources Inc. (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) (“Explor” or the Corporation) announces the closing of a first tranche of a non-brokered private placement of a maximum of 23,529,412 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000 (the “Private Placement“). The first tranche of the Private Placement closed today consists in the sale of 14,117,529 shares for an aggregate subscription of $1,199,990.

The net proceeds from the Private Placement will have to be incurred by the Corporation in exploration expenditures on mining properties located in the provinces of Québec and Ontario.

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 March 5, 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 OTCQX (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
819-797-1870
www.explorresources.com
info@explorresources.com

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

Posted by AGORACOM-JC at 9:41 AM on Friday, October 21st, 2016

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)

  • 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
  • Announced the start of a 2,000 meters diamond Drill program


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 Start a Diamond Drill Program on the Chester Copper Property $EXS.ca

Posted by AGORACOM-JC at 4:31 PM on Monday, October 17th, 2016

Exs_logo

  • Announced the start of a 2,000 meters diamond Drill program on the Chester Copper Property
  • 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
  • Area has an extensive history in base metal production from VMS deposits

ROUYN-NORANDA, QUEBEC–(Oct. 17, 2016) - Explor Resources Inc. (“Explor” or the “Corporation“) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the start of a 2,000 meters diamond Drill program 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.

A new and updated geology map produced by Explor personnel as a result of their work on the west side of Clearwater Stream in 2014 indicates a westerly dip to the existing known mineralization. New soil sampling in 2014 indicates wide spread copper and base metal anomalies and favorable stratigraphy associated with the mineralized bedrock areas as well as the potential to discover new mineralization although there are very few outcrops in the area. Explor is planning a 2,000 meters diamond drill program to test the down dip extension of the mineralization outlined in the current 43-101 Technical report, as well as the Time Domain EM Survey conducted by Geotech in 2004 and the technical analysis completed by Condor Geophysical Consultants in June 2005.

A review of the 1996 Extech 2 airborne survey of the Bathurst Mining Camp as well as the Geotech Airborne survey completed by First Narrows in 2004 (Assessment report No 475973) outlines untested geophysical targets that are co-incident with the recent geochemical anomalies. The copper and base metal soil anomalies combined with the geophysical and new geological interpretations indicates there is a westerly down dip component to the stratigraphy as well as a steeply westerly sloping terrain.

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.

In 2014, an extensive ground exploration program was conducted on the Chester property, concentrating mainly west side of the Clearwater Stream in an area that has not been explored since the late 1950’s. The purpose was to explore the possibility of finding additional near surface mineralized zones similar to the known Chester Copper and VMS zones since it has already been confirmed (First Narrows 2004 and Historical drilling in 1967‐68) that the main zone Copper Stringer deposit exists for 500 to 700 metres west of the calculated resource. The 2013 exploration program has determined numerous near surface, as well as deep, exploration targets on the Chester claim group west of Clearwater Stream. This area is an area that has not been explored by grass roots methods since about 1959. The soil sampling and modern soil geochemical analytical procedures have proven to be invaluable in defining drill targets.

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 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 OTCQX (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
819-797-6050
www.explorresources.com
info@explorresources.com

Explor Announces Kidd Township Property Diamond Drilling Results $EXS.ca

Posted by AGORACOM-JC at 12:43 PM on Tuesday, October 11th, 2016

Exs_logo

  • Announced the Diamond Drilling results on the Kidd Township Property
  • So encouraged by the initial results of the 3000 meter program that it decided to more than double the diamond drilling program planned to 7275.7 meters.
  • Intersected many of the ore bearing lithological units and marker horizons as within the Kidd Creek Mine.
  • Intersection of 4024 & 15,500 ppm Zn (over 1.1 & 1.0 meters respectively) within cherty tuffs and cherty-exhalite was very encouraging and suggests that both claim blocks may host a Kidd Creek Style Copper- Zinc deposit

ROUYN-NORANDA, QUÉBEC–(Oct. 11, 2016) - Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the Diamond Drilling results on the Kidd Township Property. The Corporation’s Kidd Township Group of Properties are located to the North, South, West and East of the Glencore Kidd Creek Mine, located approximately 20 km north of Timmins, Ontario. Explor’s Kidd Township’s Group of Properties have a land position that covers an area of approximately 2,805.20 hectares. The most obvious topographical feature in the area is the Glencore Kidd Creek open pit mine, located in the central portion of Explor’s Kidd Township group of Properties. Explor was so encouraged by the initial results of the 3000 meter program that it decided to more than double the diamond drilling program planned to 7275.7 meters. Explor drilled seven holes & two wedges on three claim blocks, one being in Carnegie Township, northeast of the mine and the other two blocks drilled in Kidd Township, southwest of the mine.

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 Major Fault Structures running to the west and east of the Glencore Kidd Creek Mine 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 southwest of the Glencore Kidd Creek Mine (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.

Holes KC-16-01, KC-16-02 and KC-16-05 were drilled in Kidd Township to intersect magnetic highs and fold structures approximately 3 kilometers south and south east of the Kidd Creek Mine. Holes 01, 02 and 05 were very encouraging as they intersected mostly graphitic argillite and felsic lapilli tuffs which are very important zinc-copper ore bearing rocks and marker horizons within the Kidd Creek Mine. Several samples returned anomalous Zinc values from 109 to 737 ppm mostly within sheared graphitic argillite.

Holes KC-16-03, KC-16-04, KC-16-06, KC-16-06A and wedges 06AW1 &06AW2 were drilled in Carnegie Township on the border with Kidd Township approximately 2 kilometers north of the Kidd Creek mine site. Holes KC-16-03 & 04 were drilled bearing south to intersect E-W trending geophysical conductors. Both holes intersected ultramafics, mafic fragmental, felsic to intermediated tuffs and exhalite-chert-tuff units. Hole KC-16-03 intersected several Zinc values from 140 to 15,500 ppm (1.5% Zn) (over 1.0 meters) within the exhalite-chert unit. Hole KC-16-04 was drilled to intersect the exhalite-chert unit up dip from hole KC-16-03. Hole 04 intersected ultramafics, intermediate tuffs, mafic fragmental, lapilli tuff and mafic pillowed flows. Several anomalous Zinc values were intersected, the best being 266 ppm. Hole KC-16-06 was drilled from the east to intersect the exhalite-chert unit down dip from hole KC-16-03. Hole KC-16-06A and its wedges 06AW1 & 06AW2 were completed to 1101 meters and intersected ultramafics and cherty tuffs. More importantly, hole-wedge KC-16-06AW2 intersected parts of the exhalite-chert unit down dip of KC-16-03 with several anomalous Zinc values from 114 to 4024 ppm.

The 2016 Kidd-Carnegie drill program was successful in that it intersected many of the ore bearing lithological units and marker horizons as within the Kidd Creek Mine. As well, the intersection of 4024 & 15,500 ppm Zn (over 1.1 & 1.0 meters respectively) within cherty tuffs and cherty-exhalite was very encouraging and suggests that both claim blocks may host a Kidd Creek Style Copper- Zinc deposit.

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 exhalite-chert unit in two of the holes is very significant in terms of exploration. Generally exhalite-chert is proximal to a VMS deposit. This is the first time in our 10 years of exploration around the Kidd Creek mine site that exhalite-chert has been intersected. Explor plans on conducting in the near future a down hole geophysical survey that will see a 200 meter radius around the hole in order to further refine our diamond drilling. We expect to be able to wedge into any targets that are found.”

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 Glencore Kidd Creek Mine located to the South-west of the property has produced 152,600,000 tonnes of Base Metal Ore (Cu-Zn-Pb-Ag) since it began production in 1966. The presence of Mafic and Felsic rocks on the Kidd Township Properties with anomalous zinc and copper supports the opinion that additional VMS Deposits exist in the immediate vicinity of the Glencore Kidd Creek Mine.

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 OTCQX (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/161011_EXS_MAP.pdf

Explor Resources Inc.
Christian Dupont
President
819-797-6050
888-997-4630 or 819-797-4630
info@explorresources.com
www.explorresources.com

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

Posted by AGORACOM-JC at 9:50 AM on Thursday, October 6th, 2016

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)

  • 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


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
  • Diamond Drilling winter 2015/2016

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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