- Published: 09 February 2009
- Written by Editor
Progress Report Eastford Lake Lynx Gold Zone: Explor Intersects 142.26 Grams/Tonne Over 3.0 Meters
Explor Resources Inc. (TSX VENTURE: EXS) is pleased to announce that the LYNX Gold Zone (Press Release June 10, 2008) has been traced using down hole geophysics. Explor has completed three holes wedged off-of Hole #7 in order to confirm the geophysical signature as determined by the mise a la masse down hole survey reported in the press release dated December 02, 2008. The main vein of the Lynx Gold Zone containing visible gold appears to strike in a north-north westerly direction and is dipping to the south-south westerly direction. The wedge holes have intersected visible gold (VG) similar to that intersected in Hole # 7.
The property is situated in the Kerrs, Warden, Milligan Townships and the Rayner Lake area, south-west of Lake Abitibi, Ontario, 90 km east of the Timmins-Porcupine gold mining camp. The Eastford Lake Property consists of 170 contiguous unpatented mining units for a total of 3,100 hectares.
Hole # From To Interval Gold
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(m) (m) (m) (ft) (g/tonne) (oz/ton)
Hole # 7A 407.0 408.0 1.0 3.28 5.03 0.147
429.0 430.0 1.0 3.28 6.47 0.189
Hole # 7B 405.0 406.0 1.0 3.28 4.50 0.131
Hole # 7B(i) 425.7 429.0 3.3 10.83 45.45 1.326
443.0 444.0 1.0 3.28 3.03 0.088
Hole # 7C(ii) 406.0 408.0 2.0 6.56 13.12 0.328
Hole #7C(iii) 427.0 430.0 3.0 9.84 142.26 4.150
435.5 437.0 1.5 4.92 1.33 0.039
487.1 488.0 0.9 2.95 1.81 0.053
492.5 494.0 1.5 4.92 1.05 0.031
(i) This interval of 45.45 gpt over 3.3m includes 13.245 gpt/1.3m,
131.2gpt/1.0m and 1.568gpt/1.0m (VG)
(ii) This interval of 13.12 gpt over 2.0m includes 12.767 gpt/1.0m and
13.468gpt/1.0m
(iii) This interval of 142.26 gpt over 3.0m includes 272.46gpt/1.2m,
115.72 gpt/0.8m and 7.245 gpt/1.0m (VG).
Assays were conducted on sawn NQ sized half-core sections. Further drilling is required before the true width of the reported intersection can be determined. The saw blade is routinely cleaned between samples when visible gold is noted during logging and sampling of the drill core. Assays were conducted by Techni-lab of Ste-Germaine de Boule, Quebec using standard fire assay on a 30-gram (one assay tonne) sample with a gravimetric finish procedure. Standard, blanks and check assays were included at regular intervals in each sample batch. Gold standards were prepared by CDN Resource Laboratories Ltd.
The combination of widespread ankerite alteration and gold mineralization hosted by many different rock types, including quartz-feldspar porphyry, altered ultramafics, tholeiitic basalt and metasediments are reminiscent of the diverse types of gold mineralization found in major gold camps (e.g. Hollinger-McIntyre System and Dome Mine in the Porcupine Gold Camp). Explor will continue drilling the newly defined gold zone once the modelling is complete.
Chris Dupont P.Eng is the qualified person for Explor Resources Inc. and is responsible for the information contained in this release.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and QuA-A?1/2bec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Company is headquartered in QuA-A?1/2bec and was incorporated in Alberta in 1986.
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 filings. 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. is a public listed company trading on the TSX Venture (EXS).
This press release was prepared by Explor Resources inc. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Explor Resources Inc. Christian Dupont, President 800-388-8668 or 819-797-4630 819-797-6050 (FAX) Explor Timmins Office 877-264-1273 or 705-264-1273 705-264-1717 (FAX) www.explorresources.com
SOURCE: Explor Resources Inc.
http://www.explorresources.com