FORUM: Explor Resources Inc. - Drilling Starts at the Timmins Porcupine West Gold Deposit
VIDEO INTERVIEW:
http://www.abnnewswire.net/press/en/88378/exs
A drill rig was moved on to the Company's Timmins Porcupine West (TPW) property last Tuesday, and existing Hole #109 was re-entered. It had previously been drilled to a depth of 400meters (1,312ft). The hole will be extended by an additional 500meters, representing a total depth of 900meters (2,953ft). Dupont is looking for the deeper, GOLD rich sheer zones that have yielded 5grams/ton, and better close by at depth. In the video, he emphasizes the need to minimize the distances between existing holes, so the results can be included to upgrade the 43-101 Resource Estimate.
The entire 3,000 meter drill campaign is geared to maximize this estimate at the easternmost reach of the GOLD deposit, within a stone's throw of Metals Creek, & Goldcorp, drilling on the same geologic structure. During the video, he also suggests that as the price of GOLD escalated to USD$1,900/oz on the last runup, Explor Resources stock price rose to the $1.50 area, on very substantial volume, I might add. I think it is fair to say the GOLD bull is on the horizon, given recent, & suggested geopolitical events. Personally, I think this is the single most important development in the past two years.
I would also like to remind readers that the most comprehensive EXS stock quote can be found at:
http://www.abnnewswire.net/lnk/4W7YI55C
It includes all 'Dark Market' activity, through the variety of Toronto Stock Exchange 'sub-boards'. Also, a true three-month trading history can be viewed at:
http://www.abnnewswire.net/lnk/MC1O340L
As most quote services, and banks, only show actual TSX Venture trades, most of us are led to believe that EXS only traded 20,000 shares yesterday. However, using the link, its obvious the reported total volume should be 240,000 shares, with 220,000 trading through the 'M-TriAct' sub-board.
The departure of Teck refocuses Explor's efforts on expanding the TPW GOLD Resource, to make it as attractive to potential buyers, or partners as possible. The East Bay program is still on track, but developments elsewhere will be delayed, until Dupont completes the 3,000meter TPW program.
NOTE: This forum commentary was published from a third party source. It has not been verified by the company.
About Explor Resources Inc.:
Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.
Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. (NYSE:TECK) is currently conducting an exploration program as part of an earn-in on the TPW property
Contact:
Explor Resources Inc.
Christian Dupont, President
Tel: +1-888-997-4630 or +1-819-797-4630
Fax: +1-819-797-1870
Website: www.explorresources.com
Email: info@explorresources.com