Exploring for gold and base metals in the Abitibi Greenstone Belt

Abitibi has produced more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore to date

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Message: WHY EXPLOR...WHY NOW??

 

Having invested in many GOLD based Junior exploration companies over the past 35 years, Ive created a personal set of criteria which has worked very well for some time now. Firstly, of course, is where we are in the GOLD cycle? On a daily basis, I read the thoughts, insights & opinions of a variety of GOLD experts. I tend to largely overlook mainstream media in my decision making, as that reporting is generally after the fact. At this moment, my research suggests GOLD is going considerably higher. Blah, blah, blahyes, very true, we have seen a number of false starts, most notably the Brexit upward surge, that got knocked back overnight. However, based on GOLDs thirty-year history, a more permanent surge seems inevitable, considering Sovereign Debt levels; the impact of suggested interest rate increases; the Chinese plan toward a GOLD backed currency; and an elevated GOLD accumulation strategy by many of the most savvy investors in the world. Given I have held the view that USD$2,000 GOLD has been on the horizon for some time, why did I decide on EXS/EXSFF/E1H1 as my flagship investment? Initially, a very dear friend brought the Company to my attention. More importantly, all the experts agree the greatest return on investment in a bull GOLD environment, is in the small cap, GOLD exploration sector, especially in a Company with great assets.

 

I visited the Companys website www.explorresouces.com & discovered that this overlooked equity held ten GOLD & three Base Metals property groupings, predominantly along the GOLD rich Porcupine Destor Fault in northern Ontario & Quebec. Two of their properties have been developed to the point that NI 43-101 reports provide resource estimates. In my experience, I had never seen such a small company, with so many properties of merit. I then spoke directly with President & CEO Chris Dupont, a Mining Engineer with over 40 years of mining & exploration experience, and was deeply impressed with his detailed knowledge about every parcel of land in the Companys portfolio.

 

As Ive taken advantage of every weakness in the stock price to add to my position, Ive stayed in touch with Dupont, and a variety of third parties, in an effort to keep all shareholders informed on an ongoing basis. Most recently, Ive mentioned a proposed drilling program at the Companys East Bay property block, near Duparquet, Quebec. Using the latest, most sophisticated geophysics technologies, a short list of promising targets has been established. The Company is hoping to begin drilling by mid June, which should get the attention of IAMGOLD, adjacent both to the east & west of the East Bay grouping. Further, progress has been made at the PG-101 property, and the Company is optomistic some drilling may take place in the near future. Recently completed geophysics have identified a number of very promising targets. Ive also heard a rumour that the long-awaited drilling results from the January/February program on the properties north of the Glencore Kidd VMS Mine may have been processed by the lab. Im hopeful Explor will put out a News Release shortly. Dupont has always been adamant about the cluster effect of Volcanogenic Massive Sulphide (VMS) deposits, and, encouraged by the discovery of exhalite on four separate occasions now, Im certain the search will continue. Additionally, the status of the TPW GOLD Deposit remains a conundrum. Other than the obvious interest in the deposit, and its perceived potential by TAHOE, & by GOLDCORP (who hold a 3% Net Smelter Return on the property), I havent been able to get anything further on plans moving forward.

 

Lastly, Im hearing an updated video interview with Dupont should be available within the next couple of weeks.

 

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