Explor Resources Inc. (fka EXSFF)

[gharma]

The discussion during yesterdays conference call by LSG is illuminating where they talk about the issues they have been working to overcome mining at, and the exploration they have been undertaking to the west and south of their Timmins West and its associated deposits which sits just east of TPW. The slide deck and recording is available from their website (linked on home page at right lsgold.com).
Basically they have been working to understand the (layered) vein arrays and to get costs down (grade up, ore dilution reduced) and have needed to go to 7.5 meter spacing on delineation/definition drilling to do so. On the upside they seem to be seeing mineralization continuity toward the south and west . . . working at the 700 meter plus below surface level, but it sounds like finding minable widths is the issue.
It all sound very similar to the challenge EXS has been facing, except EXS does not have the advantage of starting new drills already 4 to 6 hundred meters underground.