Mr. Chris Dupont reports
EXPLOR INTERSECTS 3.65 G/TONNE AU OVER 6.0 METERS ON TIMMINS PORCUPINE WEST
Explor Resources Inc. has released the results of two drill holes, being the next series of holes on the diamond drilling program. Holes 13-108 and 13-109 are reported in this press release.
The company has identified three potential open-pit areas that are located over a 1,800-metre strike length and 250 m of depth. The company has defined 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 three potential open-pit areas. This will move Explor to the next phase which will include a preliminary economic analysis of the potential open pit.
Chris Dupont, president and chief executive officer of Explor Resources, commented: "We continue to be extremely pleased and encouraged by these excellent drill results. The fact that it has been determined that the near-surface open-pit gold resource has been found to extend over a strike length of 1,800 m is very significant."
It is important to note that the strike length of the gold mineralization is greater than 2,000 m at depth. The continuity of mineralization continues to be confirmed, and the structure remains open on strike and at depth. Explor has intersected gold mineralization in 102 out of 107 holes drilled to date and 64 out of 65 wedges. The current diamond drilling has been designed to test the continuity of the near-surface gold mineralization as it relates to a potential open pit.
The mineralization on the south limb strikes east northeast and dips to the north at 70 to 80 degrees. The drilling confirms the association of gold mineralization with quartz feldspar (QFP) and syenite porphyry, found at both the Lakeshore and West Timmins properties. The larger zones of mineralization display a strong spatial relationship with proximity to syenite intrusive rocks and high iron-tholeitic volcanic rocks. The 3-D geological model may be viewed at the company's website.
Explor is focused on developing a minable resource based on the drill results that have been obtained to date. The National Instrument 43-101 technical report has been completed by MRB Associates of Val d'Or, Que., and P&E Mining Consultants of Brampton, Ont. (see press releases dated Dec. 5, 2011, June 6, 2012, and April 16, 2013).
TIMMINS PORCUPINE WEST DRILL RESULTS
Hole From To Interval Interval Gold Gold
(m) (m) (m) (ft) (g/t) (oz/t)
Hole 108 189.0 190.5 1.50 4.92 2.740 0.080
222.0 223.5 1.50 4.92 1.377 0.040
315.0 316.5 1.50 4.92 1.740 0.051
322.5 324.0 1.50 4.92 1.470 0.043
327.0 328.5 1.50 4.92 2.090 0.061
373.5 379.5 6.00 19.68 3.094 0.090
Hole 109 36.0 37.5 1.50 4.92 12.96 0.378
54.0 55.5 1.50 4.92 2.710 0.079
121.5 123.0 1.50 4.92 3.671 0.107
142.5 144.0 1.50 4.92 2.043 0.060
160.5 162.0 1.50 4.92 1.225 0.036
172.5 174.0 1.50 4.92 2.557 0.075
192.0 193.5 1.50 4.92 1.347 0.039
327.0 333.0 6.00 19.68 3.645 0.106
358.5 360.0 1.50 4.92 1.974 0.058
Please note assays are pending.
Assays are conducted on NQ-sized half-core sections. The diamond drill core is logged and sampled following general industry practices whereby logged and sample-marked core is sawn in half, with one-half bagged and tagged for shipment to the assay laboratory, and the remaining half of the sawn core returned to the core box for storage and future reference. Blanks and assay standards are inserted at regular intervals in each sample batch. Assays are conducted using a standard fire assay technique on a 30-gram sample with a gravimetric finish by Laboratoire Expert Inc. of Rouyn-Noranda, Que. Routine duplicates are completed by Laboratoire Expert Inc. Pulps and rejects are returned and stored in secure containers. Intersections are reported using drilled widths unless specified otherwise, with assay values as simple averages of duplicates and gravimetric results.
The results of Explor's drilling have been incorporated into the Timmins Porcupine West exploration video, which is available for viewing on the website. The Timmins Porcupine West project has as a target model the Hollinger-McIntyre-Coniaurum system. To date, Explor's drill program has confirmed the idealized Hollinger-McIntyre-Coniaurum (HMC) isometric model. The HMC system has produced a total of over 30 million ounces of gold and is spatially associated with the Pearl Lake porphyry.
The Timmins Porcupine West gold property consists of 185 unpatented mining units and three patented claims located in the Bristol and Ogden townships in the Timmins-Porcupine mining camp for a total 3,200 hectares. The property is contiguous with Lakeshore Gold's West Timmins mine. Highway 101 bisects the property and provides access from Timmins, located 13 kilometres to the east.
The property has been explored since 1927 by numerous ground geophysical surveys and diamond drilling of up to 111 holes. In 1984, Dome Exploration discovered and delineated a gold mineralized zone that was approximately 350 m long and 45 m wide, and is open below 350 m of vertical depth. The drill program on the Timmins Porcupine West property is continuing.
Chris Dupont, PEng, is the qualified person responsible for the information contained in this release.
We seek Safe Harbor.
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