ROUYN-NORANDA, CANADA -- (Marketwire) -- 02/20/13 -- Explor Resources Inc. (TSX VENTURE: EXS)(OTCQX: EXSFF)(FRANKFURT: E1H) is pleased to announce the results of 9 drill holes being the next series of holes on the diamond drilling program. Holes #12-90, 12-91, 12-92, 12-93, 12-94, 12-95, 12-96, 12-97, and 12-98 are reported in this press release.
Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: "We continue to be extremely pleased and encouraged by these excellent drill results. The continuity of the structure and mineralization in the west end as we go from the lower grade near surface to the higher grade at depth is very significant as this proves out the mineralization for an additional 600 meters of down dip strike length and the establishing of a potentially large mineable gold resource."
The gold mineralization in holes 12-90, 12-91, 12-92, 12-93, 12-94, 12-95, 12-96, 12-97 and 12-98 all line up, up-dip of the deeper gold zones around Hole 10-30, 10-09 etc. and the near surface gold mineralization in holes 11-38, 11-39, 11-40 and 10-26. This provides a down dip strike length of 600 m from surface to the deeper gold zone around 10-30. The gold zone dips at 70-75 degrees north dip to the south zone.
It is important to note that the strike length of the gold mineralization is greater than 2000 meters. The continuity of mineralization continues to be confirmed, and the structure remains open on strike and at depth. All the Diamond Drill Holes reported in this press release were designed to test the continuity of the mineralization. Explor has intersected gold mineralization on 95 out of 98 holes drilled to date. The current diamond drilling has been designed to determine 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 Fe-tholeitic volcanic rocks. The 3D Geological Model may be viewed on our website: www.explorresources.com.
Explor is focused on developing a mineable resource based on the drill results that have been obtained to date. The NI 43-101 technical report has been completed by MRB Associates of Val-d'Or, Quebec and P & E Mining Consultants of Brampton, Ontario (Press Releases dated December 05, 2011 and June 06, 2012).
Hole # From To Interval Gold---------------------------------------------------------------------------- (m) (m) (m) (ft) (g/ton) (oz/ton)Hole #90 175.3 177.0 1.70 5.58 3.085 0.090 189.5 192.0 2.50 8.21 1.557 0.045Hole #91 70.5 72.0 1.50 4.92 1.366 0.040 118.5 120.0 1.50 4.92 1.940 0.057 422.0 423.0 1.00 3.28 2.167 0.063 435.0 436.5 1.50 4.92 1.097 0.032Hole #92 177.8 178.4 0.60 1.97 3.240 0.095 502.5 504.0 1.50 4.92 1.078 0.032 516.0 517.5 1.50 4.92 2.016 0.059Hole #93 No significant valuesHole #94 332.8 334.8 2.00 6.56 1.791 0.052 334.8 335.8 1.00 3.28 1.298 0.038 468.9 469.9 1.00 3.28 1.434 0.042 524.6 525.6 1.00 3.28 1.187 0.035 559.9 560.9 1.00 3.28 3.896 0.114Hole #95 207.3 208.8 1.50 4.92 1.780 0.052 344.0 345.0 1.00 3.28 1.672 0.049 355.5 360.0 4.50 14.76 1.394 0.041 563.0 564.0 1.00 3.28 1.582 0.046Hole #96 157.1 158.2 1.10 3.28 1.304 0.038 168.0 169.0 1.00 3.28 3.144 0.092 256.5 259.5 2.00 6.56 2.459 0.072Hole #97 73.5 74.5 1.00 3.28 1.331 0.039 177.0 179.0 3.00 9.84 3.323 0.097Hole #98 288.0 289.5 1.50 4.92 4.030 0.118 304.5 307.5 3.00 9.84 1.929 0.056 400.5 402.0 1.50 4.92 1.011 0.029 484.5 486.0 1.50 4.92 1.811 0.053
