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Message: EXS NEWS: Explor Resources drills 1.5 m of 3.557 g/t Au at Lynx...

EXS NEWS: Explor Resources drills 1.5 m of 3.557 g/t Au at Lynx...

posted on Jul 17, 2009 12:38PM

Market doesn't seem to like results... grades and widths are not huge but remember this is explatory drilling... only 20 or so total holes drilled yet at Eastford Lake...drilling set to resume in about 2 weeks... also of note... "A total pulp metallic assay will be conducted on those areas where VG was observed."... nuggest effect?... may see some of these assays re-released.

red911

Explor Resources drills 1.5 m of 3.557 g/t Au at Lynx

2009-07-16 16:55 ET - News Release

Mr. Christian Dupont reports

EXPLOR RESOURCES INC.: PROGRESS REPORT EASTFORD LAKE LYNX GOLD ZONE

Explor Resources Inc. has completed its most recent round of exploratory drilling. The drilling was completed to determine the location and direction of the Lynx gold zone (see news in Stockwatch on June 10, 2008, and Feb. 9, 2009). Explor completed seven drill holes for a total of 3,534.2 metres to test the new model. The main vein of the Lynx gold zone contains visible gold and appears to strike in a north-northwesterly direction and is dipping to the south-southwesterly direction. The property is situated in the Kerrs, Warden, Milligan townships and the Rayner Lake area, southwest of Lake Abitibi, Ontario, 90 kilometres east of the Timmins-Porcupine gold mining camp. The Eastford Lake property consists of 170 contiguous unpatented mining units for a total of 3,100 hectares.

´╗┐Hole # From To Interval Gold
(m) (m) (m) (ft) (g/tonne) (oz/ton)
Hole # 16 162.0 162.8 0.8 2.62 1.907 0.056
Hole # 17 Zone 1 470.0 471.5 1.5 4.92 1.136 0.033
Zone 2 605.0 606.5 1.5 4.92 1.132 0.033
Hole # 18 - - - - - -
Hole # 19 131.0 132.5 1.5 4.92 3.557 0.104
Hole # 20 323.8 324.9 1.1 3.61 7.562 0.221
Hole # 21 60.5 62 1.5 4.92 2.545 0.074
Hole #07D 410.7 411.7 1.0 3.28 2.854 0.083
429.0 430.5 1.5 4.92 1.559 0.046
442.5 443.5 1.0 3.29 7.674 0.224
471.25 472.50 1.25 4.10 4.626 0.135
475.5 477.0 1.5 4.92 1.183 0.035

Visible gold (VG) was observed in two of the holes that were drilled. A total pulp metallic assay will be conducted on those areas where VG was observed. Hole No. 18 had only anomalous values less than 500 parts per billion (ppb).

Explor is currently completing a structural analysis of the geology using the holes drilled to date. This analysis will be incorporated into the current geological model. Explor is also completing a soil gas hydrocarbon geochemical sampling program on the property and over the area of gold mineralization. Once both studies are completed, Explor will start a new round of drilling.

The combination of widespread ankerite alteration and gold mineralization hosted by many different rock types, including quartz-feldspar porphyry, altered ultramafics, tholeiitic basalt and metasediments are reminiscent of the diverse types of gold mineralization found in major gold camps (such as Hollinger-McIntyre system and Dome mine in the Porcupine gold camp). Explor will continue drilling the newly defined gold zone once the modelling is complete, which is expected within two weeks.

Chris Dupont, PEng, is the qualified person for Explor Resources and is responsible for the information contained in this release.

We seek Safe Harbor.

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