Explor Resources Inc. (fka EXSFF)

[douginil]

From redinvest

There's Glory Holes all around EXS.

I do not have the technical skills to do this analysis but you can bet that GoldCorp and other majors have the staff to model it.

I think it would be interesting to draw a line (probably already done by a higher power with the Destor fault) from Lakeshore on the west, through EXS, through the small rectangular piece of property on the east (owner unknown), to Metals Creek Resources on the east (1). There is no question that there is gold, be it open pittable or underground.

The question becomes the cost to define it and the cost to mine it. The cost to define it Was probably feasible given the economics 5 or more years ago. Unfortunately the market has turned on this project along with all the rest of this mining sector. It has been a really bad downard spiral not helped by communication and management problems. I can't for the life of me understand (unless the 43-101 specifications for distance between holes was changed in the last year or so) how infil drilling still had holes too far apart for inclusion into the resources.

Open pit mine at first to finance the underground resource definition. Then when pit mining becomes too costly build a shaft at the bottom of the pit.

JUST MY MUSING

douginil

(1) Enlarge the map: http://www.metalscreek.com/article/ogden-315.asp