Explor Resources Inc. (fka EXSFF)

[Goodwithtoys]

$EXSFF...UPDATE...Firstly, thanks for all the nice comments & support I received during my recent illness. A very long time ago, it was suggested that if an Insider was buying stock in his public company, that that would be the very best reason for me to do the same. According to SEDI: https://www.sedi.ca/sedi/SVTItdSelectInsider?locale=en_CA, Dupont’s position in Explor has increased dramatically over the past two months. If he were to exercise his Options, and Warrants, his holding in Explor would be about 15million shares, up from 2million just a few months ago. In tandem, I’ve picked up another 100,000 myself.
Following a long run of geophysics, geochemistry, analysis of rock samples and target selection at the Company’s East Bay property, an initial 3,000meter Drilling program started last week. Referring to the schematic on the Company’s website http://explorresources.com/assets/docs/maps/EastBay001A_Octobre_12_2010.pdf a depth of 500meters has been realized in Hole #1 near the west central edge of the property block. Given the local drilling history, with a number of mineralised showings, Dupont is optomistic we could encounter an important shear zone within the next 100-200meters. Another four or five holes are planned at carefully selected targets. Dupont is in Montreal, & then he is heading to the East Bay site to visually inspect the core, and assist with targeting of the additional drill holes.
Renewing a rumour from two years ago, a couple of my sources are telling me that the Glencore Kidd Mine is extending northward at considerable depth to a sister VMS Deposit they have discovered? Explor’s Carnagie property is about two kilometers directly north of the mine. Explor drilled a number of deep holes and discovered exhalite at various deep levels, a known precursor to a VMS deposit. In fact, Dupont actually received a call from Glencore’s VP Exploration at that time clearly stating, “Please call me if you find something.” Please private message me if you have any info on this, or are willing to share what you are hearing.
According to Goldman Sachs, a longtime bear-turned-bull, copper will surpass US$4.00/lb given demand, especially from China, is seriously outstripping supply. https://www.outsiderclub.com/if-you-missed-out-on-copper-dont-miss-out-on-this/2520. Although I have not heard anything definitive, the plan at the Chester Copper Deposit in New Brunswick is a further $1,000,000 Drilling campaign to further delineate the deposit, & strengthen the case for a profitable open pit operation. A number of CA’s (Confidentiality Agreements) were signed with mid-tier & large GOLD & Base Metals producers in the past few months. Could a Joint Venture be brewing? Likewise, I’m hearing a couple of groups are entertaining open pit excavation at the Timmins Porcupine West GOLD Deposit (TPW), potentially trucking to local mills. Wouldn’t that be cool?