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This post is hoping Eric Sprott's company finds the hinge point
on the porphyry in TPW that CD talked about a few years ago.It
supposedly would have some of the best gold on that porphyry,but we would have to drill 1800M deep to get to it,if I remember correctly.
Tamtam,
Once Eric Sprott's company starts drilling on the TPW
property,the volume should increase drastically,if they find a large amount of high grade gold.
Whish the 75% up was on high volume. Can we sy someone is buying everything he can?
$EXSFF...AMALGAMATION UPDATE...Where are we in the amalgamation process between Explor Resources TSX-V-EXS, NASDAQ-OTC-EXSFF, Frankfurt-E1H1, and Pure Nickel TSX-V-NIC, announced by both companies August 22nd, 2019? A $3million Convertible Debenture has been completed with NIC, and accepted by the TSX Venture Exchange. In large part, $2.5million of that is earmarked for a 35,000meter Definition & Infilling Drilling campaign at Explor’s Flagship property, the Timmins Porcupine West GOLD Deposit (TPW). Further, NIC, upon receipt of the Debenture funds, made a $500,000 Private Placement in EXS (at CDN.05), and that transaction has also been accepted, and approved by the TSX Venture Exchange.
So, now its up to the shareholders of EXS to complete the amalgamation. The ‘Record Date’ for the AGM (Annual General Meeting) has been moved to December 11th, 2019. By Exchange rules, shareholders must be given at least 30 days to review the AGM package of materials. That would suggest we should all have the material in hand near the beginning of November. Of course, most of us expected to receive the package by now. Given the nature of the proposed amalgamation, the Exchange has a plethora of written requirements, well above and beyond a basic AGM package. To be compliant, the package, with all its assorted, additional addendums, will look much like a manuscript for a long movie. And therein lies the long wait. The production of this documentation has been an arduous task, but very close to completion. The final step in the process is the approval of the entire package by the TSX Venture Exchange. Then, and only then, can the document be printed, and mailed out.
The apparent toughest choice we have approving the amalgamation, is the fact our stock positions will be cut in half. However, Pure Nickel (NIC) has been trading in a range roughly twice that of Explor (EXS), so I, personally, don’t see a big drop in my equity position. Further, as the drilling campaign gets underway at the TPW, I’m quite confident the amalgamated equity will strengthen nicely, especially with decent results. And, given the power behind the Debenture funding, I’m guessing that will happen sooner, rather than later.
I’ve seen, touched and scrutinized the TPW core samples referenced by Pure Nickel in its August 22nd release, quote, “drill holes TPW 11-60 -- 7.8 m @ 114.76 Au g/t and TPW 11-65 -- 3.3 m @ 28.46 Au g/t” (confirmed and quoted in an NI 43-101 report on the GOLD Deposit). The delineated strike length of the TPW to date is 2,000meters (1.25miles!), ‘open’ at both ends, and ‘open’ at depth, with GOLD values rising the deeper you go. Applying the industry standard ‘Hollinger/McIntyre’ mine modelling system to the Deposit, the TPW GOLD Resource has a CONSERVATIVE potential of 20,000,000 to 30,000,000ounces of GOLD. The model has been continually confirmed, and updated, through the results of Explor’s drilling of 133 Diamond Drill holes, and 65 ‘Wedges’, (and, all historical Diamond Drilling done on the Deposit by others, prior to acquisition by EXS). Notably, the Explor team found GOLD in 95% of all those drill holes and wedges. That’s unprecedented!
Hopefully,
We will move upwards when ES starts drilling on TPW,and
we find something really good.
Hardly any volume last couple of weeks, when will this baby finaly gonna move upwards
GWT,
I hope this works out for us as shareholders.If the TPW
drilling results in a buyout,we as shareholders should get
something of value.This would give CD money to further drill the KC property to try and find VMS.
CDLGold
$EXSFF..AMALGAMATION WITH PURE NICKEL...As a long-term investor in Explor Resources Inc., I’m really excited about the proposed amalgamation of the Company with Pure Nickel Inc., TSX.V-NIC, announced by both miners August 22nd, 2019. http://explorresources.com/assets/docs/news/2019-08-22_NR_EXS_ENG.pdf. http://www.purenickel.com/s/NewsReleases.asp?ReportID=856189.
Pure Nickel’s May 13th, 2019 acquisition of the Neal GOLD Project in Idaho, (http://www.purenickel.com/s/NewsReleases.asp?ReportID=850332) gave them not only a great GOLD property, but also an important new investor. Pure Nickel immediately engaged an economic geologist to develop an NI 43-101 technical report for the property. That report was filed just two weeks after the acquisition, indicating to me these guys are very well connected, aggressive, and very committed. In my experience, generally speaking, an NI 43-101 takes months to develop. The history and quality of the Neal property makes it clear Pure is very interested in GOLD properties of merit.
Having read their August 22nd NR, it’s pretty obvious Pure is really excited about Explor’s Timmins Porcupine West GOLD property. The News Release goes into extensive detail about the TPW; immediate 35,000meter drilling plans to further delineate the Open Pit potential, and to confirm some of the deeper drilling results developed by Explor over the years. They also intend to do what it takes to get a PEA (Preliminary Economic Assessment) done as soon as possible. A PEA is an independent study, which will include an economic analysis of the potential viability of the TPW, confirming Explor’s plan to start with an inexpensive Open Pit operation, and then eventually moving underground. The PEA will also describe the net value of the project at various GOLD prices; the internal rate of return and the projected payback period of the required financing.
The single most important reason to be excited about the amalgamation is the source for the NIC $3million Convertible Debenture earmarked for the proposed TPW drilling. When converted, and added to the 10,221,732share consideration received for the Neal property, this exceptional financier would have 70million really good reasons to see the amalgamated equity grow in value. Given his organization’s track record spanning decades, I can only imagine what impact their influence might have?
Explor’s President & CEO Chris Dupont negotiated this deal over a long period of time, going back & forth until this mutually beneficial amalgamation was reached. Now, he is finalizing the AGM (Annual General Meeting) documents which will be in shareholders’ hands shortly. On receipt, please read the documents carefully, then go online and vote your choices. Personally, I think this amalgamation is the best option we shareholders have. I have been inundated with calls from many of my investor friends on the heels of the August 22nd NR, and shared my thoughts on why this is a good deal for us. Once the votes are counted, & the transaction clears all the regulatory authorities, I think we will hold stock in one of the most promising & potentially profitable entities in the mining exploration sector.
Let's hope so things will change now CDLGold but in my opinion there has been plenty drilling in TPW without excellent results.
Tamtam,
It looks like this investment from Eric Sprott to drill in TPW property could be the shot in the arm we needed.JMHO.
CDLGold
More on the Neal Project that Sprott mentioned in Idaho
Neal Project
Technical Report on the Neal Project [pdf | 2.7mb]
{{ read at: http://www.purenickel.com/s/Other_Projects.asp Includes Table 2 with assay results with holes showing 1.5 m w/ 10-20 g/t }}
Geology-
Neal is a high grade gold-dominant discrete vein system with at least 5 veins known to date. Test mining in recent years from the top of the historic vein zones exploited near surface stockwork veining left behind by previous operators. Most of the veins are parallel and strike north-easterly with moderate southerly dips within a regionally extensive fault system, probably related to the nearby Trans-Challis fault zone. Veining consists of quartz- white mica- clay, with the better gold grades directly related to iron oxides after pyrite near surface and pyrite at depth. The primary host rock is a fairly uniform Cretaceous-age biotite granodiorite that is part of the southern margin of the extensive Atlanta Lobe of the Idaho Batholith. Tertiary-age bi-modal lamprophyre and rhyolite dikes intrude the same faults that host the vein zones at Neal; a common theme in many other gold mines in the region.
Property Description-
The Neal Project is located near Boise, Idaho and has excellent access via 20 kilometers of improved gravel and dirt roads from Interstate-84. A 25-minute commute from Boise provides easy access to the many private and government services available in Idaho's largest city. The rolling hills in the area are part of the Danskin Mountain Range, but are arid and mostly covered by sage and scrub-brush. Although one small underground gold mining operation is located approximately 4 miles on strike to the southwest from Neal, most of the industry in the immediate area is ranching related. Neal private property consists of 5 patented mining claims covering approximately 22.4 hectares (55.38 acres) and another 7 unpatented lode claims covering about 52.6 hectares (130 acres) located on Forest Service administered public lands.
Historic Underground Gold Mining-
The project site was the most productive gold producer in the Neal Mining District, with underground production from 1889 through 1941 sourced mainly from the Hidden Treasure, Homestake and Daisy Mines. According to US Bureau of Mines records, the Neal Mining District is estimated to have reported production of at least 30,000 ounces of gold, with most of this coming from the Neal property1. Table 1 provides a summary for a select range of historic underground production years for which data is available.
Historic Exploration Drilling and Trenching-
In the 1989-1990 time period, Centennial Mining completed a reverse circulation drill program targeting near surface oxide gold mineralization that consisted of 190 vertical and 18 angle holes totaling 47,655 ft (14,525 m). Although this drilling was not the first at Neal, it was the first extensive program intended to define a resource for a contemplated open pit heap leach gold operation. The program was generally successful in identifying five vein zones and accessing near surface oxide potential.
Later work in the 2007-2013 timeframe by Aquasolum Consultants followed up key intercepts (Table-2) from the earlier Centennial program with additional trenching. This detailed surface trench work better defined vein and stockwork gold mineralization found in the earlier drilling and produced samples for metallurgical and mine development studies.
Recent Bulk Sampling-
In 2015, Neal Development LP started development work on an open cut exploration program at the Neal mine. This program was designed to provide adequate sample volume for further metallurgical and mill recovery work. The open cut produced a 12,900 ton sample of gold mineralized material that averaged 0.140 troy ounces per short ton (opt); this stockpile remains onsite2. Under terms of the MOU, Sprott Mining retains the rights to the stockpiled material.
The Neal Mine Project is a fully permitted Mine Operation. An environmental reclamation plan approval, which becomes the operating permit, was issued for the Neal Project on April 20, 2017 and a surety bond of $175,000 must be posted under the current permit for the full mine project which allows for drilling, exploration and mining (Atlanta Gold Inc. press release2) . Of this $175,000 total bond, an initial $87,500 was posted by the Neal Development LP. Any additional mining of the open pit will require an additional $87,500 be added by the operator to complete the full bonding at $175,000.
Plans for 2019-2020-
In the near term, Pure Nickel technical personnel will organize and assess existing exploration data from past operators and complete an updated geologic map and surface sampling program. Historic data will be combined with surface geology/geochemistry and any new drill data to better define underground vein targets. This is expected to allow for selective targeting during a follow-up drilling program later in the year.
Comments on Historic Drilling and Sampling-
The Company has not done sufficient work to verify historic drilling or sampling results. However, the Company considers that the historic information is relevant for early-stage project assessment based upon Pure Nickel's due diligence work, which includes property visits and the review of historic reports, maps, and technical data.
Pure Nickel Inc. - Valuation Report by CHF Capital Markets
DATE: APRIL 8, 2013
Read it at:
http://www.purenickel.com/i/pdf/NIC-CHFCAPITALValuationReport.pdf
Way out of date but gave a nice write up about the various properties. Don't know how many of them if any, are still in the portfolio. Did not include the Neal Project in Idaho
Unfortunately I could not cut & paste anything so you have to goto the link.
Website seems to be a MAJOR work in progress.
There is a PURE NICKEL INC (PNCKF NIC.V) board on ihub
Thanks for the update.Eric Sprott,is a well respected investor.This
should help EXS and shareholders,with the merge.
Explor merger
Subject: Win Win
Thanks to: Goldy63 at Stockhouse
Date and time: 8/22/2019 3:48:24 PM
Text: I believe we have a win win situation with the merger . Also with Sprott again backing NIC you guys have just inherited a whale . This is the second time Mr. Sprott invests in NIC so he is very keen to keep an eye out for NIC. The upcoming drill program will drill 20,0000 metres and those historical grades are bonanza grades and off the charts . Great day for both companies . JMO.Cheers .
Pure Nickel Announces the Entering into of an Investment Agreement with Eric Sprott for a Three Million Dollar Investment in Support of a Proposed Merger with Explor Resources
Thanks to pmforme at Stockhouse
{{ An excerpt }}
The Company also announces that today it has signed an Amalgamation Agreement (the "Agreement") with Explor Resources Inc. ("Explor") to merge the companies on a 46/54 (Pure Nickel/Explor) basis (the "Transaction"). In connection with the Transaction, Pure Nickel will issue approximately 95,198,612 common shares of Pure Nickel in exchange for all of the issued and outstanding common shares of Explor. As a result, upon completion of the Transaction, the combined company will have approximately 177,891,951 shares outstanding. Upon completion of the transaction and prior to any conversion of the Debenture by Mr. Sprott, current Explor shareholders will have voting control of the merged Company. If Mr. Sprott converts the entire Debenture, he will have a 30% interest in the new company and Pure Nickel shareholders and Explor shareholders will have a 30% and a 40% interest respectively. The completion of the Transaction is subject to all necessary shareholder and regulatory approvals.
Read a lot more at:
https://finance.yahoo.com/news/pure-nickel-announces-entering-investment-184500767.html
That's the highest gold has been for a few years,if I'm not mistaken.I am surprised,EXS hasn't had more offers for the TPW property.
With gold still going up, now $1530 Explor drops more than 11% !!
Yes the lack of news is killing. Personally I have been holding on and when I have profit in other trades I sell some of EXSFF at a loss to protect the profit.
Agree CDLGold but the lack of news is killing.
Stocks trade on the news.A great discovery from drilling,or a buyout,is probably what it would take.
Despite gold went up 100 points Explor didn't. When will we get positive news and a much better sp?
GWT,
As of late,have you heard anymore from CD,reguarding update for EXS?
Something going on here... Picking up speed.
That looks like it,thanks Tamtam.
CDLGold
Is the interview available yet?
Wel if Chris would talk to his long time investors we could feel optimistic too
$EXSFF...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.
Can someone call CD and ask him what's going on?
Hey I am getting value from my position - When I have profit on one stock I sell some here to eliminate any tax.
This is more than a waiting game. No news from the company in months
$EXSFF...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?
No news is good news? It's been way too long since we had a word from the company.
GWT,
Since you talk to CD,can you ask why he gave away the Chester Property for less than we shoud have gotten for it,based on the value it looks like it was worth?
$EXSFF...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.
Another long term bag holder!! What a SCAM!! I remember when this DOG was $1.50 and I had 70,000 shares!
300K for that property... well that's enough money for Dupont to live for the next year or so while the folks that have stock get ZERO and have lost a small fortune all of which pays Dupont's bills..... total scammer
Thanks for the post,I hope that helps us,with our TPW.
Hmmmm Near by exploration with Goldcorp interest.
Central Timmins Exploration Corp. Continues it's Initial Drill Program
Toronto, Ontario February 12, 2019 - Central Timmins Exploration Corp. ("CTEC" or the "Company") (TSXV: CTEC) is pleased to announce the continuation of the Company’s initial drill program in the Timmins Camp, which began in late-October 2018. In the short term, CTEC plans on taking advantage of the winter diamond drilling season in Timmins with a work program of 6 – 9 holes in three Townships; Deloro, Mountjoy and Jamieson, all within the city limits of Timmins.
Read more at:
https://www.centraltimmins.com/media/news-releases/central-timmins-exploration-corp-continues-its-initial-drill-program/
From their website:
https://www.centraltimmins.com/
Central Timmins Exploration Corp. (CTEC) is an early-stage Canadian-based junior exploration Company with property exclusively in the Porcupine Mining District in the northeastern region of Ontario. The Company's assets are prospective for gold as well as a suite of base metals.
On December 21, 2018 Goldcorp Inc. (“Goldcorp”) acquired 5,000,000 common shares of CTEC representing approximately 9.74% of the issued and outstanding common shares of CTEC (“Common Shares”). Goldcorp is a prolific gold producer in the Timmins Region. Additionally, CTEC and Goldcorp have entered into a definitive agreement (the “Definitive Agreement”) outlining the sale of certain non-core CTEC mineral claims (the “Claims”) for proceeds of $258,624. The Claims include nine previously explored patented claims in Deloro Township, Timmins, Ontario with a total area of approximately 327 acres. This sale speaks to the strategic nature of CTEC’s land package and the Company’s ability to finance growth through non-dilutive means.
Corporate presentatin
https://www.centraltimmins.com/investors/corporate-presentation/
On the other hand,if we make enough on the 2% royalty,maybe we can make profit in the longrun.
It looks like the property was given away,or sold for much less than it was worth.
Now he’s giving it away for 300,000.00
. Explor will pay $150,000 CDN and issue 6,500,000 common shares over a three year period for an Option to acquire 100% interest in the Chester Property.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=85110263&txt2find=Chester
Thanks for posting the link.They are a junior.I like the deal that EXS gets a 2% royalty on this.I hope us shareholders get something out of the royalty,and that they discover something big
like a large VMS deposit,or plenty of copper.
Thanks for the update.Does anuone know if Puma is a major,mid-tier or small-cap mining company?
Explor Resources Signs Option Agreement for the Sale of the Chester Property
ROUYN-NORANDA, Quebec, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Explor Resources Inc. (“Explor” or the "Corporation") (TSX-V: EXS, OTC PK: EXSFF, FSE & BE: E1H1) announces that it has signed an option agreement with Puma Exploration Inc. “Puma”) to sell the Chester Copper and VMS, located in the Northumberland County, Province of New Brunswick.
The option agreement sets out the general terms pursuant to which it is proposed that Puma acquires the right to earn 100% interest from Explor in the Property. The property is comprised of three mineral claims totaling 163 mineral units. The 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.
The Option to earn a 100% interest in the Property
Explor has granted to Puma the sole and exclusive right and option, over a three-year period, to acquire the Property for the following considerations: i) payment to Explor of an aggregate of $300,000 and ii) Puma shall complete a work program of $1,100,000 on the property, with a minimum of $250,000 during the first year of the option agreement. Upon the completion of these conditions over a period of three years, Puma will have acquired a 100% interest in the Property. Explor will also retain a 2% NSR royalty on the property. Puma will assume the remaining NSR royalties on the Property in favour of previous owners.
Not yet on the Explor website
Read more at:
https://ceo.ca/@nasdaq/explor-resources-signs-option-agreement-for-the-sale
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Website:
http://www.explorresources.com/
Explor Resources Inc.
15 Gamble St. E., Suite 204
Rouyn Noranda, QC
Canada J9X 3B6
Explor Resources Inc. is a gold and base metals exploration company with mineral holdings in Ontario, Quebec and Saskatchewan. The company is currently focused on exploration in the Abitibi Greenstone Belt of Ontario and Quebec, where more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore have been found to date. Explor's total land position in the Abitibi Greenstone Belt is approximately 10,434 hectares. Explor also owns 1,991 hectares of mining claims in Saskatchewan and 250 hectares in New Brunswick.
History and Geological Background:
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 is approximately 350 meters long and 45 meters wide. The zone strikes east northeast and dips to the north at 70 to 80 degrees. Drill programs by Teck Corporation, Cameco Gold and TOM Exploration Inc., have extended the mineralization to 350 meters of depth. The gold mineralization to date appears to be associated with a major porphyry unit. Cameco's 2002 drilling program at Timmin's Porcupine West Gold property confirmed a large gold system - 2000 meters along strike, up to 1500 meters wide and more than 600 meters deep. (report filed with Ontario Ministry of Mines in 2002).
The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. The deposits appear to be also associated with splay faults that trend off to the North of the Porcupine Destor fault inside an interpreted splay fault corridor as shown on the attached plan.
The Timmins Porcupine West Project has as a Target Model "The Hollinger-McIntyre-Coniaurum System." The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.
Explor intends on the utilization of the existing historical data to create a 3D litho and mineralization model to generate high quality drill targets with an interpreted significant gold mineralization inside that corridor favourable rock package.
Videos
Timmins Porcupine West Exploration video http://explorresources.com/_resources/videos/Explor_Timmins_Porcupine_West.html
B-TV Video http://www.b-tv.com/features/watch-now.html?id=479
DD
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65479007
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69670526
Properties
Ontario http://www.explorresources.com/operations/ontario
Quebec http://www.explorresources.com/operations/quebec
Saskatchewan http://www.explorresources.com/operations/saskatchewan
TPW geology and drill hole location map
TPW geology and drill hole location map
http://explorresources.com/_resources/projects/Map_of_Drill_holes_Dec_2011.pdf
Management Profiles:
ChrisDupont, P.Eng., President and Director
Mr. Dupont is a mining engineer and has been active in the mining industry since early 1970's. He has been involved with junior public companies for more than 15 years. Mr. Dupont has previously held positions as senior mining engineer for Noranda and chief engineer for Exall Resources, as well as project manager for Luzenac Inc., a producer of micronized talc products. His past experience includes President and Director of Kayorum Gold Mines from 1992 to 1997, Director of Fieldex Exploration from 1997 to 1998 and Vice President and Director of TOM Exploration from 2000 to 2006.
JacquesFrigon, Director
Mr. Frigon is a lawyer who has been involved in the exploration industry since 1992. He has held the position of Director for Greenshield Resources Inc. and Fieldex Exploration Inc. Mr. Frigon became member of Explor Resources' Board of Directors in November of 2007.
GeoffCarter, P.Eng., Director
Mr. Carter is a mining engineer and has been active in the mining industry since the late 1960's and involved with public companied for more than 30 years. He has held positions at Anglo American, Hudson Bay Mining & Smelting, and was Vice-President at Inspiration Coal. He has also been a director and president of Ourominas Minerals, director of Bankers Petroleum and Trans Atlantic Enterprises. Since 1990, Mr. Carter has been involved in independent research, due diligence reports, NI 43-101 reports and valuations, as well as general corporate advisory for the mining industry.
Mario Colantonio, P. Eng.
Structural Engineer / Principal
cell: 705-365-8270
Porcupine Engineering Services Inc.
200-81 Shamrock Ave(formerly Commercial),
PO Box 1348
South Porcupine, ON, P0N 1H0
Office (705) 235-2110
Fax: (705) 235-3316
Important Historical Information -Why the HMC Model indicates TPW will have 20-30mil oz. of Gold:
http://thefundamentalview.blogspot.com/search?q=explor+resources&updated-max=2010-09-04T18%3A39%3A00-04%3A00&max-results=20
http://thefundamentalview.blogspot.com/search?q=explor+resources&updated-max=2010-08-23T01%3A54%3A00-04%3A00&max-results=20
http://thefundamentalview.blogspot.com/search?q=explor+resources&updated-max=2009-11-19T16%3A58%3A00-05%3A00&max-results=20
http://thefundamentalview.blogspot.com/search?q=explor+resources&updated-max=2009-08-06T13%3A38%3A00-04%3A00&max-results=20
http://www.stockgumshoe.com/2010/03/tomorrow-the-biggest-gold-story-of-the-last-50-years-hits-the-press-mccoach.html
http://www.tradingmarkets.com/.site/news/Stock%20News/2524597/
The McIntyre-Hollinger, also known as the Schumacher Mine, has been in continuous production since the early 1900's and had produced over 902 t (29 Moz) of gold to 1985. Mineralisation is present as a series of quartz-ankerite veins, stockworks and sinuous lodes and stringers crosscutting the host rocks. These veins outcrop on the Hollinger leases and plunge north-easterly through the McIntyre Mine. They branch at the western end of the Pearl Lake Porphyry (a quartz-albite-sericite schist) and continue east in mafic hosts on both margins of the approximately east-west elongated porphyry body. Individual veins often parallel foliation and fold hinges, while the system as a whole follows the dominant NE trending fold axes. In addition, at McIntyre, there is disseminated auriferous pyrite and quartz vein and stringer mineralisation within carbonaceous and graphitic material.
Interesting Links
The weather forecast at Kidd Creek
http://www.theweathernetwork.com/fourteenday/caon0692
http://www.kitco.com/charts/livegold.html
May 11, 2011 - Explor Intersects 8.12 g/t over 15.3 meters - Press Release:
http://explorresources.com/_resources/news/2011_05_11.pdf
April 19, 2011 - Explor Intersects 9.41 g/t over 7.5 meters on TPW - Press Release
http://explorresources.com/_resources/news/nr_2011_04_19.pdf
February 17, 2011 - Explor Intersects 135.04 g/t over 3.1 meters on TPW - Press Release
http://explorresources.com/_resources/news/2011_02_17.pdf
February 8, 2011 - Explor Starts Drilling Kidd Creek Township Property
http://explorresources.com/_resources/news/2011_02_08.pdf
Explor's April 6, 2010, Press Release:
http://www.explorresources.com/_resources/news/nr_2010_04_06.pdf
Explor's April 21, 2010, Press Release:
http://www.explorresources.com/_resources/news/nr_2010_04_21.pdf
Explor's May 6, 2010, Press release:
Explor's May 10, 2010, Press Release:
Explor's August 11, 2010, Press Release:
Details of Explor's Progress and Prospects for the Future, plus a Corporate Profile:
http://www.explorresources.com/_resources/fact_sheet.pdfl
June 6, 2011
Michael Ballanger: Buy Gold Stocks in May and Make Some Hay (myself)!
by The Gold Report
http://m.ibtimes.com/gold-silver-copper-zinc-lead-157232.html
April 20, 2010
Michael Ballanger: There's Still Money in the Juniors
http://www.theaureport.com/pub/na/6054
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