Explor Resources Inc (fka EXS)

[Goodwithtoys]

$EXS...METALS NEWS...About once a year, Chris Dupont provides a Corporate Update to Dr. Allen Alper, PhD Geology/Petrology who owns and operates Metals News. This year’s interview is available at www.metalsnews.com. The two gentlemen have known each other for many years, so Chris tends to be quite forthcoming with Dr. Alper. The interview, in my opinion, is quite good, hopeful, and promising. As a shareholder, I felt more optimistic about my investment in the Company moving forward after reading it.

[Goodwithtoys]

$EXS...LIQUIDITY...GOING BIG...
In the Mining Exploration Market, regardless of the value of the asset(s), or the strengths of the management team of any mining company, nothing means more to any type of investor than LIQUIDITY. With literally thousands of ‘explorers’ seeking investment dollars to make their respective dreams come true, singling yourself out in the investment community is a huge challenge. And, obviously, to invest in the first place, we investors need to be convinced we are going to make money over our specific timeframe. To inspire those investors, the Company must find ways to generate ‘demand’ for the company’s stock that dramatically exceeds the ‘supply’, or stock offered for sale. As with any ‘Supply & Demand’ scenario, the higher the ‘Demand’, ideally, the higher the stock trading price.
Over the years, Explor Resources Inc. EXSFF-OTC; EXS-TSX.V; E1H1-Frankfurt has employed a variety of media facilities and services to generate interest in the Company, and ‘Demand’ for the stock. They have advertised in industry specific newsletters, newspapers, magazines & websites. They have employed newsletter writers with established distribution to feature the Company’s assets. They have participated in various Trade Shows and hosted investor events around the world. Other services have been employed to upgrade & maintain the Company’s website and develop their presence on popular social media.
All media providers & advertisers promote themselves, as they did with Explor, on the basis of how many people will actually be exposed to the Company through their service(s), or in their language…their ‘Reach’. Even though the ‘Reach’ associated with the various services employed by Explor over the years has been relatively limited, generally less than 100,000 people, each had some measurable impact on the stock, especially in conjunction with significant drilling results, or an important acquisition.
Recently, I’ve heard the Company has been researching a variety of media distribution services to ‘Reach’ as many new prospective investors as the budget will bear. Its rumored they are having discussions with a major US based firm to produce a highly informative video speaking to GOLD moving forward, and Explor over the next five years, obviously focused on the Company’s flagship Timmins Porcupine West GOLD Resource (TPW). This firm’s combined online and television distribution; national syndication; social media presence, and other optional media distribution represents a ‘Reach’ IN EXCESS OF 100,000,000 people throughout North America! That’s a thousand times more ‘Reach’ than anything the Company has employed in the past. I’m hearing that their video distribution includes the likes of CNN, Bloomberg, CNBC, and Reuters, to name just a few. Given the recent resurgence in interest in GOLD, I’m optimistic this move will have a dramatic bearing on the company’s future.
The development of the Company’s Timmins Porcupine West (TPW) GOLD Resource is the single most important event in Explor’s history. Initially extracting 250,000ounces of GOLD at the surface of the heavily explored Central Pit region of the Deposit, and then, excavating downward to an estimated 1,000,000ounces underground, Explor’s future equity value looks very promising.
The timing of this advertising campaign is very interesting. I know Dupont (the company’s President & CEO) has been working with a number of financiers over the past number of months. Perhaps this aggressive promotional campaign is being considered in conjunction with a funding agreement on the TPW GOLD Deposit?

[Goodwithtoys]

$EXS...NOT LONG NOW...No news is GOOD news!! Since June, 2014 when a dear & trusted associate told me about Explor Resources Inc. (TSX.V-EXS; OTCPinks-EXSFF; Frankfurt-E1H1) I have been accumulating a position in the stock. Obviously, as many of you, I watch trading in the equity markets very carefully. The sustained lackluster interest in GOLD has resulted in a long downward trend in the entire Junior Exploration Sector. Explor is no exception to this trend, and has methodically moved to the downside as well. However, recent trading in ‘EXS’ on the TSX.V Exchange has been very, very interesting. Take a quick look at www.stockwatch.com 3Month Closes: https://www.stockwatch.com/Quote/Detail.aspx?snapshot=SX&symbol=EXS®ion=C. Over the past three weeks, we have experienced two substantial buying frenzies in the stock. The latest was Thursday, Friday, Monday, the 28Feb, 1st & 4th of March. During that stretch, 8,800,000 shares were bought, aggressively, moving the stock as high as CDN$0.04. Before that, during the four trading sessions between February 14th, & February 20th, a total of 7,105,000 shares traded hands. (Monday, February 18th was a Statutory Holiday in Canada). So, somebody bought 16million shares! There is only one reason anybody would buy that much stock, and that’s to make a lot of money. The size of the buying tells me it must be a very senior investor, or group, with a great deal of experience in the Junior Exploration Sector. They appear to be loading up, strategically letting the offers stack up for a period of time, then stepping in and snapping up those offers, minimizing their costs.
Most experts are forecasting GOLD prices as high as US$1,500/oz by year end. I tend to agree with that prediction, as do many of Explor’s largest shareholders I’m in touch with. Apparently, many Central Banks around the world are buying record amounts of GOLD as I write. According to data from the World Gold Council (WGC), Central Bank demand for GOLD increased 74% in 2018. Likewise, holdings in global GOLD-backed ETFs rose 72 tonnes in January to reach 2,513 tonnes (80.8m troy ounces), hitting the highest levels in nearly six years. Bearing all this in mind, this individual, or group, may be convinced the stock will do well moving forward, especially considering the 2010 runup to triple figures when the price of GOLD escalated to US$1,900/oz. Explor’s President Chris Dupont’s dream is to put the Company’s NI 43-101 qualified Timmins Porcupine West Gold Deposit into production. It’s estimated some 200,000 ozs. of GOLD sit at, or near surface, in the Central Pit region of the TPW Deposit alone, grading at 2-3grams/ton. Given the ‘Open Pit’ nature of the deposit, extraction would be highly economic. Even at US$1,200/oz, the gross revenue produced would be US$240million. Given a carefully structured plan, and timeline, the extraction could be done in about 5 years.
It will be interesting to see if the trading trends continue as they have been, and even more interesting should financing efforts on the TPW come to fruition.

[Goodwithtoys]

$EXS...MAJOR FINANCING UNDERWAY...Starting in May of this year, a highly detailed Business Plan for the extraction of 250,000 ounces of GOLD from the Company’s Timmins Porcupine West GOLD Deposit was developed. A number of potential financiers signed Confidentiality Agreements, and discussions commenced. Apparently, over the summer, a number of proposals were received & reviewed by the Company. After lengthy negotiations, most were discarded as unreasonable, or unworkable, but one proposal had some merit. With one billion of funds under management, Dupont has been working closely with this group towards a workable financing for the TPW Extraction Project. The last I heard, we are very, very close to a formidable, and reasonable loan agreement. Further, (music to my ears), there is NO equity component to this agreement…no stock; no options; and no warrants. Obviously, the signing of an agreement, and release of funds in the mid eight-figure neighbourhood to Explor’s treasury would constitute a major material change in the Company’s status, so I think it would be reasonable to assume a halt in trading would take place, pending a News Release.
So, with the funding in place, some 20,000 meters of additional Definition Drilling would commence at the TPW, leading to an updated, independent NI 43-101 Resource Report. A proper independent Preliminary Economic Assessment (PEA) would also be undertaken, leading, in turn, to the Permitting Process with Government Agencies, and Aboriginal Authorities. Various equipment needs require lengthy lead times, so those would need to be ordered as quickly as possible, once clear parameters are established. Further site & operational details seem moot at this time, as they are well down the road.
A very credible buyer/Joint Venture partner spent a few days reviewing the plethora of core samples extracted from the Chester Copper Resource. This was followed by a careful examination of the existing portal, and drill locations on the site. Apparently, all went very well, and the gentleman left duly impressed with his findings.

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$EXS...TIED TO GOLD...It has been suggested that the market value of a public mining company is what ‘The Market’ says it is. In other words, the .035CDN stock price of Explor Resources Inc. indicates the market value of the company, fully diluted, is roughly CDN$7,700,000. Looking at Page 35 of the most recent MD&A document available at www.sedar.com, the combined value of the company’s various property assets is CDN$35,536,838, representing fair market value. Obviously, we have a serious disconnect between the two numbers. All things being equal, on the basis of real assets alone, Explor should trade in the .22CDN neighbourhood, roughly SIX times the current price. So, why is the trading level so low??
First, and foremost, is the price of GOLD, which peaked at USD$1,900/ounce in 2011. Since then, we have seen a significant decline to the USD$1,000-1,380 neighbourhood; a recent downtrend to USD$1,225, & continued price uncertainty moving forward. Secondly, as the GOLD price peaked, so did the Toronto Venture Exchange, reaching a staggering 2,440points on a massive peak volume of 946,560,000 shares in March, 2011. Today, the exchange is at 712points, on a meager volume of 144,819,000 shares, representing 15% of the 2011 high, and a cumulative loss of 1,728points. https://web.tmxmoney.com/quote.php?qm_symbol=^JX&locale=en.
Now, if you overlay the EXS/EXSFF/E1H1 chart to the GOLD chart, and the TSX Venture chart, they are virtually identical. The logical conclusion is investor interest in Mining Exploration ebbs and flows with the price of GOLD in USD. Look at any mining exploration company’s chart over the past ten years, and other than the occasional anomaly, they are all pretty similar.
Having been in the Mining markets for a very long time, I’ve experienced this situation a number of times before. For whatever variety of reasons, as was the case in 2011, I strongly believe the commodities markets, and GOLD specifically, will peak again. Good mining explorers, including Explor, and their investors, will realize life changing gains when that occurs. Just go back to 2010-2011 to bear that out , as EXS/EXSFF/E1H1 climbed to $1.40.
The march towards production at Explor’s Timmins Porcupine West GOLD Deposit Central Pit is ongoing. I visited with President & CEO Chris Dupont last week. He gave me some seasoned insight into the process of finding the financial support for this project. Its complicated, detailed, and requires the patience of God. There is no end to Chris’ perseverance, so I’m totally convinced the funding will, eventually, fall into place. Although he could not mention specific names, he did volunteer that he is working with various, credible, and experienced sources, all of whom are deeply familiar with GOLD mining. In conjunction with the project, he’s in Sudbury this week for discussions with suppliers, and meetings with major investors in the area.
Further, during my visit with Dupont, I also drove out to the Chester Copper Deposit with the project’s chief geologist, a very old & dear friend of mine. The property itself is huge, but honeycombed with countless logging roads, providing access to all parts of the landscape. He showed me the various drill sites dating back to previous property owners, along with his excited commentary about the individual findings in each hole. We located, and discussed, some 50 drillings to maximum depths of 600meters. I also saw the existing portal into the deposit. It’s basically a corrugated steel cylinder some 30feet in diameter, sloping downward at about 15degrees. Apparently, around 100meters in, it forms a ‘T’ and carries on in either direction for some distance. I would be more specific, but the portal needs to be dewatered to gain full access. After scrounging around the portal for a while, I came away with two high grade copper samples to show to friends, and family invested in the stock. As commodities recover, I’m sure more work will be done to further delineate that resource.

[Goodwithtoys]

$EXS...CONFUSING TIMES...Some of us have seen King Tut's death mask found by Carter in the 1920's. That one item contains 22.6 pounds of GOLD. It dates back to 1300BC, or roughly 3300 years ago. Other forms of GOLD currencies, and jewellery, date back even further, as a symbol of wealth and power. Look anywhere in the world, at any time through the past 5,000 years, and GOLD is present as a highly valued commodity. Even today, virtually every country in the world is accumulating GOLD reserves. There has never been enough GOLD to go around, and new deposits are becoming increasingly more sparse.
With that in mind, why is Explor trading at such a low price, given the 1,000,000ounces of GOLD at the Timmins Porcupine West deposit, and the methodical progress made to finance extraction of that GOLD from the Central Pit area??
The fact is, the entire GOLD sector, and mining generally, are way off their highs. Even mining deals spending millions on carefully placed ads, and endorsed by well known newsletter writers promoting their stock are going nowhere. With all due respect to the 'summer doldrums', the severity of the impact on the whole sector is unprecedented. Follow the money, and most is tied up in marijuana, blockchain, and cryptos. All three types of investments are in varying levels of uncertainty, dependant on politics, and banking institutions, both notorious for serving themselves, and their confederates. Where I saw reference to these three types of investments at 5% of my 200 daily e-mails a year ago, today, that has escalated to 75%! The media, even commodities based programs, are focussed almost exclusively, on these 'classes' of investments, rather than traditional mining ventures.
I've been cautioned to avoid any attempt at predicting GOLD, or any other commodity prices down the road. Frankly, could any one of us, given current circumstances?? What I do know is that prices have always recovered. It's the 'when' part that has even the most seasoned of us completely baffled. In the meantime, my confidence in Explor has not waned, and I picked up more to average my growing position.

[Goodwithtoys]

$EXS...METALLURGY...In June, 2014, a close business associate of 35 years suggested I take a good long look at Explor Resources, and he gave me President Chris Dupont’s number to discuss an investment in the Company. Initially, I did a thorough review of the Company’s website; read the latest available MD&A (Management Discussion & Analysis) document, and I reviewed the Company’s financials. Having invested in some 300 mining exploration venture companies in the past, I had a half-dozen questions that would determine the extent to which I would commit to the investment. I called Dupont, and we spoke at lengths about the similarities between the Hollinger, McIntyre & Dome Gold Mines, and the Company’s Timmins Porcupine West Gold Deposit. We discussed the drilling done on just a small portion of the huge porphyry, with Gold found in 116 of 122 holes drilled. That led to a discussion about the computer-generated model of the TPW Deposit, and the likelihood of 20-30,000,000 ounces of Gold in that section of the porphyry alone. We talked about the promising potential of the Company’s Copper resource in New Brunswick. We also discussed the Company’s property holdings within a couple of kilometers of the prolific Glencore Kidd Base Metals Mine, and the ‘cluster effect’ of VMS (Volcanogenic Massive Sulphide) deposits. We touched on the variety of other mineral assets in the Company’s portfolio. Following this lengthy process of due diligence, I made my first purchase of Explor the next morning. That buy was at .025, and I have been adding to my position ever since. To date, that continues to be my lowest price, but I have bought at virtually all prices to a high at .23 over these past four years. More recently, I’ve added more at .04-.05. Given my firm belief Gold will take off to new highs in the near future, I’m quite happy with the average price of my holdings. The entire mining exploration business has suffered over the past couple of years, but will quickly gather steam as the price of Gold escalates.
Obviously, a great deal has happened over these past four years. It hasn’t always been pretty, but given Dupont’s massive holdings in the Company, and those of his family and friends, I know that every decision made by he & the Board of Directors has been made in an effort to enhance shareholder value. We have seen a number of strategic property acquisitions; exploration drilling on a variety of properties, and successful negotiations with regulators, and aboriginal authorities. Most notably, at the TPW, a sixth, previously unknown shear zone was found, adding more promise to the deposit’s potential. Over all, I’ve become convinced the Board of Directors has the expertise, and experience, to deal with the variety of issues that will require attention, moving toward actual production at the TPW Central Open Pit.
The recent Metallurgical Test results of the proposed TPW Pit samples are nothing short of spectacular. I’m not going to pretend to be an expert in interpreting all of the results, but a 93% Gold Recovery Rate; a very high ‘Free Gold’ percentage, and essentially no arsenic production is extremely rare, and implies significantly reduced production costs. Although extremely difficult to interpret by the average investor, the various results of this complex process suggest a higher dividend to all shareholders down the road. It should also be viewed as a major step forward, as knowledgeable financiers will immediately recognize the cost reductions, and ease of Gold extraction. Equipment, processing needs, and infrastructure to create Gold concentrate at the TPW are dramatically minimized by this news. The ‘metallurgy’ of the deposit will also make the permitting process quicker, and less cumbersome.

[Goodwithtoys]

$EXS...SHOW ME THE MONEY...I’m in touch with quite a few investors in Explor Resources Inc. (EXS/EXSFF/E1H1) on an ongoing basis. The big question every one seems to be struggling with, is whether or not, President & CEO Chris Dupont, and the Company’s Directors, can nail down the loan required to exploit the 250,000ounce TPW’s (Timmins Porcupine West GOLD Deposit) Central Pit area.
I started investing in Junior GOLD miners in 1978. My broker was a crusty little gent with Continental Securities in Vancouver. He put me into a Primary Offering he was doing called Corona Resources. He was friends with legendary stock promoter Murray Pezim who, at that time, was drilling on the Porcupine Destor Fault Zone, where the TPW is located. After some 90 failed drilling attempts, he finally hit the ‘glory’ hole, Hemlo was born, and the Corona Resources stock went through the roof. It was Pezim’s tenacity, determination, and undying commitment to getting the job done, that won over financiers Gus McPhail, who ran Continental, and Peter Brown, who established Canarim Investment Corp, (now Canaccord) to fund the venture to the ultimate end result. I met Murray myself, he was all business, and displayed all those qualities during our meetings.
Dupont has all the qualities Murray had. Before I invest in anything, I take a very hard look at the people running the show. I did that four years ago when the Company was brought to my attention by an associate I trust explicitly. I made it my business to meet with Dupont, and I have spent a great deal of time with him since. So, although I must honestly admit to some personal doubts along the way, Dupont and the team have always found the money to get the job done. I’ve learned over these past four years that no other result is acceptable to Chris, no matter what it takes…no matter how long it takes. So, assuming he does eventually nail down the loan, and work gets started at the TPW, with an eventual Dividend to shareholders, what impact do you think that will have on the stock price???
I’ve heard the preliminary metallurgical numbers at the TPW are ‘stunning’. In view of the complex nature of the plethora of results, the lab continues to prepare their final report. Apparently, GOLD recovery rates are well above average, and we have a lot of ‘Free GOLD’ as well. In my experience, that will be music to financiers’ ears, as, ultimately, extraction costs will be considerably minimized. Remember, Detour GOLD, Goldcorp, IAMGOLD, and others in the region, all began as an ‘Explor’. Nothing was more exciting to their early shareholders than watching their stock double, double again, and then double again.

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$EXS...BREAKOUT?? “As GOLD goes, so goes Explor Resources.” Donny’s latest tweet put a shake into GOLD yesterday, realizing US$1,365/ounce, but alas, by day’s end had drifted back to the low $1,350’s, another tease to all us GOLD bugs. Chartists, & analysts, have drawn a line in the sand at $1,375. General consensus suggests that breaching & holding above that price will signal a strong move upward. The Kitco 5&10year charts www.kitco.com/charts/livegold.html appear to be getting bullish, and look very promising moving forward. SO…WHAT? Well, the higher GOLD trades, the more the Central Pit of the Company’s Timmins Porcupine West (TPW) GOLD Deposit is worth. In the Dr. Allen Alper www.metalsnews.com interview at the recent PDAC, he was blown away by the value of the 250,000ounce potential of US$300million, based on US$1,200ounce. Should GOLD hit $1,400, or beyond, obviously the proposed dividend payable to shareholders, will be exponentially higher. That must also, surely, be on the minds of the prospective financiers Dupont has been busy working with. So, I picked up another bunch of shares yesterday, and will probably pick up more at these severely depressed prices.
I’ve heard the final flotation tests on the TPW core samples have been completed, so the metallurgical testing phase is finished. The lab is preparing its final results for the Company’s Directors, and I believe we will see a NR speaking specifically to this, and the impact the deposit’s metallurgy has on GOLD recovery rates, and cost estimates at the TPW. Obviously, this essential insight will be invaluable to the financiers, as they prepare their proposals.
Please don’t allow yourself to be fooled by the daily, & ongoing quotes for Explor Resources provided by the banks, which suggested 119,200 shares traded at .035, making the stock appear weak. Save the following link… https://www.stockwatch.com/Quote/Detail.aspx?symbol=EXS®ion=C. There you can clearly see a variety of sub-boards to the Toronto Venture Exchange. The actual volume yesterday was 2,208,300 shares, last at .04, on 52 separate trades. That tells me that interest in the equity appears to be growing…
With another inexpensive, important acquisition, Dupont clearly sees a major profit for shareholders as GOLD, & Base Metals move higher, firmly believing we will breach previous highs in the foreseeable future. The NR of April 11 is both comprehensive, and promising. I encourage everyone to read it for themselves http://explorresources.com/assets/docs/news/2018-04-11-NR-EN.pdf.

[Goodwithtoys]

$EXS...IMPORTANT DOCUMENT...IMPORTANT INTERVIEW...Firstly, I wanted to express my appreciation to the bashers on the Stockhouse Bull Board for taking the time to post their thoughts, even though they don’t own any stock. Seeing their postings is, of course, unavoidable, as the site’s posting rules are pretty relaxed. Collectively, however, they have had an impact on the price of the equity, as some investors have obviously decided to move on, buying into their nonsense. Add to that, the ongoing fluctuations in the metals markets, as well as speculator interest moving to other well reported sectors, and its no surprise that Explor stock is at a 4 year low. To me, that represents a very surprising entry point for any new investor, or a terrific opportunity to average an existing holding.
Corporately, the Company’s assets have grown exponentially over the past 4 years. A requirement of the Toronto Venture Exchange is the quarterly submission of an MD&A report (Management Discussion & Analysis). Explor’s most recent report is dated March 29th, 2018, and can be found at www.sedar.com. I’ve read hundreds of these reports over the years, but have never seen one as thorough, or as comprehensive, as this one. It spans 49 pages, offering investors the answers to virtually any question they might have about any of the Company’s properties. All fifteen property blocks are described in infinite detail, including history, drilling, and plans moving forward. Excluding the recent Hoyle Pond property block, those corporate assets are conservatively valued at CDN$36,400,000 (Pg36).
My most recent discussion with Chris Dupont was very encouraging. ‘Significant’ progress has been made with American, and European based lenders in regards to the financing of the extraction of 250,000ounces of GOLD at the Timmins Porcupine West GOLD Deposit (TPW). He also indicated that the metallurgical testing results should be forthcoming as early as next week, and that preparations for delineation drilling at the TPW are underway. He also suggested investors should follow www.metalsnews.com as a comprehensive, and informative, interview between Dr. Allen Alper and Dupont should be posted to the site by the end of the week.
In my experience as a shareholder of this equity, I’ve never had any doubts about the experience, or professionalism, of the Directors, or key personnel. I find it sad that the equity is tied more to the price of GOLD, and Copper, than to its assets, or people.

[Goodwithtoys]

$EXS...SLOW & STEADY...The prevailing belief shared by many of the attendees at the PDAC, as well as a number of presenters at the event, is that the value of GOLD will reach, and exceed previous highs. The Federal Reserve in the US has made it clear it intends to raise interest rates two, or three times during 2018. Its widely felt that debt, and the increased debt servicing costs may, in fact, bankrupt a number of institutions, and potentially, start a domino effect throughout the financial community worldwide. Add to that the myriad trade uncertainties internationally, and the perceived net effect is that GOLD will move, at least considerably higher. Explor is focussed on further delineating the Central Pit area of the Timmins Porcupine West GOLD Deposit (TPW), to further satisfy lenders that 250,000ounces of GOLD are readily available for Open Pit extraction in that area of the known deposit. The TPW GOLD deposit is very close to the Tahoe mill at Bell Creek, as well as Goldcorp’s facilities slightly to the east of the deposit, so processing the ore shouldn’t present a problem. I personally witnessed a lengthy discussion between a very senior Tahoe official, & two of the Company’s Senior Geologists, one of whom spearheaded all the TPW exploration to date, and will lead the delineation drilling team at the Central Pit on site. Selected TPW core samples from the proposed Open Pit have been sent to the lab for metallurgical testing, which should be completed within the next few weeks. That testing will determine, with some relative accuracy, anticipated ore recovery rates, and hardness factors, that in turn, impact extraction costs. My understanding is that a number of lenders from the United States, and Europe, are considering supporting the open pit scenario on the heals of the testing.
Further, I wanted to point out an interesting observation in regards to the March 5th results at the Company’s East Bay property. Although its very early days, its very encouraging not only to report 4.85grams over 2.5meters, but also to find GOLD ‘in the sediments’. This easily merits additional drilling as many important GOLD deposits have been discovered in sediments around the world. At the TPW, the ‘glory hole’ returned important values in the sediments, which led to the higher-grade discovery at depth.
Congratulations to the team on yet another important property acquisition the other day. The Hoyle Township block lies directly between Tahoe, & Goldcorp, and represents the fifteenth ‘property of merit’ in Explor’s impressive portfolio. With the prolific Bell Creek, Owl Creek, & Hoyle Pond GOLD mines directly south, & very close by, exploration undertaken in due course should be very interesting.

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$EXS...PDAC DAY TWO...The PDAC convention floor was congested all day Monday, and from the minute the show started, the Explor Booth #2122 was very busy. The long awaited East Bay drilling results were released in the morning, and a number of people wanted more on those. The team has a newly prepared hard copy handout of the East Bay Power Point presentation which will be available on the Company’s website shortly. The title on the morning’s announcement of 4.83grams/tonne GOLD over 2.5meters certainly caught my attention. Given the evolving plan to put the Timmins Porcupine West GOLD Deposit (TPW) Central Pit area into production, its difficult to say when further work will be done on the vast East Bay holdings. Further, at least two very senior representatives of major producers in the region came by the booth, and both stayed for extensive periods scanning the details associated with both the TPW plan, and the East Bay drilling plans, & results. Witnessing their seasoned interest in those projects firmed up my resolve to stick with my holdings in the Company for the foreseeable future. I can assure you both the individuals seemed very enthusiastic about their respective areas of interest.
As the day wore on, a variety of brokers, fund managers, and private investors visited the booth. Many stayed for extended periods listening to Dupont, and the other two geologists explaining the merits of the Company’s Chester Copper, & TPW GOLD resource properties. Others wanted more details about East Bay, and other of the Company’s fourteen property blocks. Needless to say, I felt it was a really great day at the show for Explor moving forward.
Lastly, the Stockhouse film crew will be coming by the booth to do a video interview with Chris Dupont, which will be featured on the Stockhouse site. I’m quite certain it will in turn up on the OTCQB website; a variety of financial websites; the Company’s website; and YouTube as well.

[Goodwithtoys]

$EXS...PDAC DAY ONE...PDAC 2018 kicked off at 9:00AM Sunday. A variety of folks descended onto the Explor Booth #2122 immediately, and all four of the Company’s representatives sprung into action. It was a very busy day, with, as expected, quite a few private investors looking for corporate updates & information. I had the opportunity to review the latest TPW (Timmins Porcupine West GOLD Deposit) Power Point presentation, in written form, and was struck by the quality of the work, and its content. It hasn’t been uploaded to the website as yet, but will be shortly. Chris Dupont has been working hard on a plan to actually put the TPW into production. Apparently, we have a total of 8 GOLD veins in the Central Pit area of the known deposit, measuring roughly 750x570meters. Its estimated we have about 250,000ounces of GOLD at an average of 2grams per tonne in that portion of the known deposit. Its pretty obvious that Dupont has put all of his 40 years of Mining Engineering experience to the task of putting forward a very convincing scenario to investors, and lenders. Following some further delineation drilling at the Central Pit site, lenders will have all the information needed to finalize loan agreements, and the permitting process can begin. Dupont seemed very encouraged by the quality, and number of serious investors that spent time at the booth. Most seemed quite impressed with the TPW plan moving forward. I’m also hearing that the East Bay results may be announced as early as later today. Its rumoured we have a couple of impressive intersections. I’ll report more from the PDAC tonight, or tomorrow morning.

[Goodwithtoys]

$EXS...A FEW THOUGHTS...I am a long-term investor with a substantial stock position in the Company. Like all investors, I share others’ concerns about financings, liquidity, and share price, and, like all other investors, I’m anxious to get positive, promising news from the Company. I am not a Director, or Officer, and am, therefore, NOT privy to ‘inside’ information. CEO Chris Dupont & I share a keen interest in the junior mining sector, and Explor Resources, specifically. None of my postings have ever represented ‘Official News’ to existing, or prospective shareholders. However, when I hear something from my contact base (spanning the past 35 years) of interest to my Explor holdings, I include it in my ongoing reports. I speak to Chris with some frequency, as I do with all my friends. I know he also speaks with a number of other investors on an even more regular basis. I always do my utmost to put forward a positive spin on everything I hear. To do otherwise would jeopardize the value of my stock, wouldn’t it? I find some recent detrimental commentary on certain Bullboards curious, as they absolutely have the intention of discrediting anything positive about the Company, & it’s holdings. With 747,000 shares wanted at .045CDN, one reason behind these postings becomes perfectly clear. For those that buy into the nonsense, an organized local cartel is enriched with cheap paper.
Something we’re all anxious about recently is the East Bay drilling results. The major issue is that we have a very limited number of labs servicing the region. Given the dramatically increased drilling activity, especially from Osisko, as well as Detour, Tahoe, and a plethora of ‘Juniors’, getting core analyzed has become the most difficult, and most time consuming, aspect of the drilling process. Further, preferential treatment to the big guys means our core gets shuffled down the list. Osisko, for example, is doing 500,000meters of drilling, at their Windfall, and Garrison properties. That’s unheard of in the region. Dupont is in Timmins today, and his first stop is the lab. I don’t think it will be a pretty scene as we have now been waiting for over three months! That is just unacceptable to Dupont, and he will do whatever is necessary to resolve this issue. With the PDAC just a couple of weeks away, he wants the results, and some of the heavily mineralized core, to enhance Explor’s presence at the event.
I’ve heard from a couple of my sources that metallurgical testing of core from the ‘central pit’ of the Timmins Porcupine West GOLD Deposit (TPW) will be taking place shortly. That’s a very important step in the process towards full scale production. I’ve also received confirmation that drilling in a northerly direction is taking place at the Kidd Mine, on a number of levels, by a major Toronto based drilling firm. As such, they are apparently rapidly closing in on the most southerly of the Company’s Carnegie Property holdings, specifically, Claim#4210980, located about 2.5km (1.5miles) due north of the Kidd Mine. During the summer of 2016, the Company drilled that claim & discovered Exhalite, and meaningful Zinc values in a number of core samples, suggesting a VMS Deposit is hiding below the property! Further, I’m hearing that more than a casual interest is being expressed in all of the Explor properties surrounding the Kidd Mine, by a very well-informed group.

[Goodwithtoys]

$EXS...NEW VIDEO INTERVIEW...The following YouTube link,

, takes you to the latest Video Interview of Explor’s President & CEO, Chris Dupont, interviewed by Agoracom.com. In my opinion, it is certainly the best interview in the past three years. He speaks volumes to the potential at both the Timmins Porcupine West GOLD Deposit, and the potential at the Chester Copper Deposit in New Brunswick. Especially important, I thought, is his resolve to put the TPW into production, producing 50,000 ounces of GOLD per annum, starting with the central pit. At US$1,300 per ounce, that converts to revenue of $65,000,000(US)!! Further, he confirms that a number of Confidentiality Agreements (CA’s) are in place with intermediate, and large GOLD & Base Metals producers, but moving slowly.

[Goodwithtoys]

$EXS...UPDATE...Was the Friday selloff in the big board equity markets in the USA, and around the world, the beginning of the long-awaited correction? Like most of us, regardless of our experience level, its difficult, at best, to understand all the macro factors that play into the price of GOLD. My head starts to swim when experts talk about Treasury yields, interest rates, inflation, the USD, futures contracts, and the ultimate, broad impact on equities, GOLD, and other commodity prices.
Nonetheless, the Explor office is busy responding to the Stockhouse.com crowd funding opportunity initiated last week. Apparently, some 35,000 emails were sent to Stockhouse subscribers, generating quite a bit of interest. Others are responding to the plethora of ads scattered throughout the entire Stockhouse site, and the ‘Deal Room’ icon. Dupont must have tremendous confidence that the $2,000,000 Placement will be completed, as in recent memory, he has never put out an announcement until after the fact. That could mean that Delineation Drilling at the Company’s Open Pit GOLD Deposit at the Timmins Porcupine West Property (TPW) could get underway imminently. Upon completion, all the new assays would be passed along to fully upgrade the NI43-101 Report, which could substantially increase the known resource. Likewise, a $1,000,000 Delineation Drill Program at the Chester Copper Resource in New Brunswick could ultimately, increase that known resource, when the NI43-101 Report is upgraded.
Its become pretty obvious that if a lab guy makes a promise, he’ll keep it if he feels like it! Dupont is so angry about the ‘pending’ East Bay Drilling results, (in the lab’s hands since the end of November), and all their unfulfilled ‘promises’, he’s threatened to retrieve the core samples, and have them analyzed elsewhere. Whether that gets them motivated to complete the job quickly, remains to be seen. The samples contain considerable visible mineralization, especially Hole #2, which Dupont is very excited about. Personally, I find it alarming that material information important to all investors in a public company, can be held hostage by some irresponsible little lab rat!
Lastly, I’m hearing a new video interview with President/CEO Chris Dupont should be available by the end of this week.

[Goodwithtoys]

$EXS...STOCKHOUSE DEAL ROOM...If GOLD mining was easy, everybody would be doing it. I recently read an extremely informative article by Jim Sinclair ‘Mindset’ speaking to the problems miners face in our world. Here’s a link to a really great read, https://www.jsmineset.com/2018/01/23/mining-supply/. Financing in a strong, or bull market is easy. When GOLD, and other commodity prices are peaking, miners’ phones are ringing constantly, with offers of debt, or equity financings, one after the other. In our current market, rife with cannabis, cryptocurrencies, blockchain ‘opportunities’, and a USD bouncing up & down, GOLD, and copper miners are feeling the pinch. Explor is no exception. With a number of Confidentiality Agreements (CA’s) in place for months now, Dupont has been very busy on a number of fronts, providing info, negotiating terms, and dealing with lawyers. To date, no agreements have been finalized, although various levels of progress have been achieved. Ultimately, all of these efforts will put money in the Company’s Treasury, to further the Directors’ ambitions in regards to a number of the Company’s properties. Most notably, of course, are the Timmins Porcupine West Open Pit GOLD Deposit (TPW), and the Open Pit Chester Copper Deposit in New Brunswick, both with NI43-101 Resource Reports. Through these various negotiations, the promises of potentially tens of millions of dollars loom large, but could take many more months to complete. Given that backdrop, how else can progress be made to enhance the value of the two main promising assets, each needing $1,000,000CDN to complete delineation drilling? The ‘Crowd Funding’ opportunity at Stockhouse.com, through their ‘Deal Room’, has successfully completed dozens of placements for a broad array of public companies. Explor Resources launched such a placement today, with Stockhouse initially alerting some 35,000 subscribers to the deal. Based on past performance, management expects the placement to complete within a few weeks, ensuring Delineation drilling will be underway at the TPW, and at the Chester Copper Deposit, in time for the Prospectors’ & Developers Annual Conference (PDAC) in Toronto March 4th to 7th. With an attractive Flow Through Tax Benefit, I can see it happening even more quickly. That development would put Explor head & shoulders above most exhibitors at the show, and pique interest in the equity moving forward. Traditionally, EXS/EXSFF/E1H1 has moved upwards on great volumes of buying during, and after this annual event.

[Goodwithtoys]

$EXS...$1,400USD GOLD?...I find it interesting that a few comments from the US Treasury Secretary at the Davos gathering in Switzerland, more so than a nuclear threat on Hawaii, can spark an increase in the value of GOLD, & decline in the USD. I’m also hearing a lot of rumble about the US returning to a GOLD Standard, to underpin the currency. Apparently, the new Fed Chair appointed by President Trump is sympathetic to that notion. Is there enough GOLD in the world to do that? Enhancing the GOLD landscape even further is the growing fear of a minimum 5% correction on the major US indices, believed by most experts to be about two years overdue. Taking a quick look at major indices around the world, most listed equities trade at roughly 15 to 20 times earnings. However, the major US indices are running 30-40 times earnings, or severely ‘overbought’, by anyone’s standards.
With three Open Pit zones, the 1,000,000oz GOLD resource at Explor’s Timmins Porcupine West property becomes more attractive with each uptick of the price of GOLD. The Delineation drilling plan has been completed, and management has been working tirelessly to finalize funding for the plan. Dupont believes all the pieces will be in place shortly, and is hopeful the project will be well underway as the 2018 PDAC event in Toronto commences in early March. Further, the drilling program on the Company’s East Bay property is now complete, with initial assays due any time now. Dupont is in constant contact with the lab, and has been assured that he will have the results in hand, by no later than the end of next week. Those results will include the heavily mineralized second hole that management seems to be quite excited about.
During my recent discussion with Dupont, he also indicated progress is being made in regards to the Chester Copper resource in New Brunswick. A Delineation drilling plan has been developed, and he seems quite positive about ongoing discussions with potential suitors.

[Goodwithtoys]

$EXS...BEST YEAR EVER? The dozens of calls, and personal visitations Dupont has had with shareholders, especially over these past few weeks has paid off. The AGM took place this morning, and all resolutions presented to registered shareholders were passed by a wide majority. So, with Chris Dupont’s continued leadership, we march forward into 2018. Reiterating a Dupont comment from my recent Xmas Report, 2018 promises to be the best year ever.
Emphasizing the geopolitical tensions moving forward, we received a frantic call from our daughter visiting Hawaii, huddled in a luxury hotel stairway, truly believing her end was imminent. I’m sure many of us were personally touched by this incident, perhaps foreshadowing a darker future? Tensions are running as high as I’ve seen in recent years, ironically, a positive for GOLD. Current price action appears to be a function of a weakening USD, more so than a surge in demand. Trying not to sound like the boy crying wolf, a dramatic increase in the Volatility Index (VIX) from 5-15% since the beginning of the year, strongly suggests major markets will realize an imminent correction. Historically, that is good for GOLD. Bearing in mind a plethora of other factors, I think Dupont could be right.
Open Pit delineation drilling at the Timmins Porcupine West GOLD deposit (TPW) has been completely mapped out, suggesting negotiations with a major US Fund are moving in the right direction. Knowing Chris, chances are pretty good he has a backup plan to ensure the TPW moves a step closer to production.
When I last spoke with Dupont, his enthusiasm about the current drilling campaign at East Bay was palpable. Early results, including the seriously mineralized second hole, with the cooperation of the lab, of course, should be announced within the next 2-3 weeks. I’m certain CD is all over them like a bad rash to ensure they come through! Drilling has continued, with a number of interesting mineralized sections sent to the lab, from various key locations around the property. Although the program calls for a total of 3,000meters, Dupont has authorized deepening of at least two holes so far, based on excellent visuals of the extracted core.
Some months ago, Confidentiality Agreements (CAs) were entered into with a number of potential suitors to the TPW, the Chester Copper Deposit, and other Company properties. With the holiday season behind us, & dramatically improved commodity prices, I’m hearing progress is being made on a couple of fronts.

[Goodwithtoys]

#EXS...AGM...The Company’s Annual General Meeting (AGM) will take place January 16th, 2018. You should have received a ‘Voting Instruction Form’ in the mail by now. If you intend to vote, & have your voice heard, I would strongly recommend you do so by no later than this Friday, January 12th to ensure that the votes are included at the AGM. The process is extremely simple, and can all be done online in a matter of minutes.
The East Bay drilling program is proceeding nicely. I’m hearing the most recent hole, close to the western border of the property block, encountered significant mineralization at the 500meter level, and is proceeding to a depth of 600meters. Obviously, results will take 4-6 weeks to analyze. The second drill hole, completed just before Christmas, should be analyzed by the end of this month. With extensive mineralization, I’m sure management can’t wait to see if the results measure up to the optimism displayed with their visual observations of the core.
I would recommend all shareholders take a good look at the Company’s latest Management Discussion & Analysis (MD&A) available at www.sedar.com. The most significant part, from my point of view, is the total assets figure of $35,000,000. That would suggest a stock price considerably higher than the current trading level. I’ve suggested the trading activity on the TSX Venture Exchange leads me to believe some clandestine group is working hard to maintain a depressed stock price. Their clever use of the variety of ‘Sub Boards’ to the TSX Venture Exchange makes it appear as though the stock trades less than it does. If you trade through a bank, they only report actual Venture Exchange trades, and none of the sub board volume. Go to www.stockwatch.com, pull up EXS, and then hit ‘3 Month Closes’. There you will see that 2,355,000 shares were traded on the TriAct sub board alone since the 20th of December! It seems any time a significant market buy order comes in, it gets gobbled up by the sub boards. If all you ever see as an average investor is your bank quote, the stock appears ‘weak’, as the true trading volume goes unreported. The most frustrating thing, from my point of view, is the Exchange is helpless to do anything about it!