Explor Resources Inc. (fka EXSFF)

[BennyJ]

Please read the below article and latest developments about explore resources.

http://www.stockgumshoe.com/2010/03/tomorrow-the-biggest-gold-story-of-the-last-50-years-hits-the-press-mccoach.html/comment-page-1

Excerpts from the link:

Below is a reply I received from Explor Resources, when I asked them if anything was wrong with the company. They need to explain the meaning of their Press Release. Most people are not geologists who understand the meaning of all the numbers they released on Thursday. What’s the bottom line? JC

Hello John:

Yes, everything is fine within the company. I believe that the volatility was due to expectations about the timing of a press release outlining the first drill results on the West Timmins property. After the market today, the company issued a press release on these results. The link below will take you to the press release. I believe that the most significant item in the press release is that the drilling confirmed the mineralized model.

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20100304&archive=ccnm&slug=590292_1

Regards,

Michael D’Amico

[phone]

[Reply]


Posted by John Cook | March 6, 2010, 7:23 pm
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.

[Reply]


Posted by John Cook | March 6, 2010, 8:46 pm
Info below is from the company’s web site. This is the Model that the above letter refers to:

“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.”

[Reply]


Posted by John Cook | March 6, 2010, 8:49 pm
Below has been posted on Explor Resources website:

Explor reported that in Section 2B Linear a 1.5 meter composit that assays at 30 gpt of AU.
Section 2a-iv, 1.5 meter composites (assay cut, 30 gpt AU). nThis is just an example of what the drilling found. More info will be released this weekend.

[Reply]


Posted by John Cook | March 6, 2010, 8:59 pm
Anyone think it would be fair to say the stock was “punished” by the press release scheme, and may go up in value when the smoke clears and news settles.

Is so, what do you think that is?

Looks like around .98 to 1.05 to me, which would be 25% upside from here.

[Reply]


Posted by Royalmystic | March 7, 2010, 10:27 am