Explor Resources Inc. (fka EXSFF)

[gharma]

News: EXPLOR INTERSECTS 3.65 G/TONNE AU OVER 6.0 METERS ON TIMMINS PORCUPINE WEST
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=105145

The attached DDH plan and Open Pit Plan view shows the location of three potential Open Pit areas that are located over an 1800 meter strike length and 250 meters of depth. The attached long section “AA” shows the drill target areas “A” and “B” where drilling will be completed in order to
upgrade the resource category from Inferred to Indicated and also to increase the near surface resource and connect the 3 potential open pit areas. This will move Explor to the next phase which will include a Preliminary Economic Analysis of the potential Open Pit.

I am not sure who EXS is going to have pay for a PEA (?) and notice the headline intercept is at 373.5 meter depth with only 7.5 meters of more shallow intercept above (starting at ) that average about 2 g/t 189 m.

The other hole at least has intercepts that appear to be respectable above 200 m, just 10.5 meters of them however.

I wish the NR had indicated whether this was expected such as with the one hole drilled at angle from outside the envelope targeting deeper mineralization such that the poor showing in the upper 300 m was expected and should not be seen as reflecting on lack of continuity in the pit area and potential high strip ratios.

PS. compare to neighbor Metals Creek, Wednesday reporting

Hole       Meters from  Meters to  Total Meters  Gold G/T  Gold G/T 
                                                    Uncut      Cut 
 TOG 13-25   246.00       258.53       12.53       210.19     14.79 
 including   257.60       258.53        0.93      2732.64    100.00

http://www.metalscreek.com/article/mek-drills-21019-gt-gold-uncut-over-1253-meters-including-27326-gt-over-093m-316.asp