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Explor Resources Inc.
Summary
| Project: | Chester | |
|---|---|---|
| Deposit: | Chester | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Zinc-Lead | |
| Date: | 1/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-1-2017: Explor Resources Inc. announces an Exploration/Drilling Update report for its Chester deposit at the Chester project. Drilling results incl. 5.35m @ 64ppb Au, 4.9ppm Ag, 3.65% Cu, 445ppm Zn, 49ppm Pb from 115.25m. Rouyn-Noranda, Canada, January | |
| Resources: | (Resource, M+I): 1.4Mt @ 1.38% Cu, 0.06% Zn, 3.5g/t Ag at Chester Open Pit | |
| CP/QP: | [Overall Report]: Chris Dupont (Internal) | |
| ABSTRACT: | Rouyn-Noranda, Canada, January 10, 2017 - Explor Resources Inc. (“Explor” or the "Corporation") (TSX-V: EXS, OTCQB: EXSFF, FSE & BE: E1H1) is pleased to announce further results from the 12 Diamond Drill Holes completed on the Chester Copper Property. The Chester Copper property is located in the Northumberland County, 70 km southwest of Bathurst, New Brunswick and 50 km west-northwest of Miramichi, New Brunswick, within the Bathurst Mining Camp. This area has an extensive history in base metal production from VMS deposits. There has been very little exploration work in this area of the Bathurst Mining Camp (BMC) since the initial exploration more than 60 years ago. Of significance also is the fact that three (3) age date studies of the rock in the area since 2005 have indicated an age of 469+/- 0.3 ma. All of the main largest VMS deposits in the BMC (including BMS #12 and #6, the Caribou Deposit (currently being developed by Travalli) and the past producing Heath Steele Mines, are associated with this age date for the footwall felsic rocks. That new data in 2007 places Explor’s Chester deposit is in the same time frame as the Brunswick Mining No. 12 and No. 6 deposits located in the BMC. New Brunswick is the home of the No 12 massive sulphide deposit (The Brunswick Deposit) which was in continuous production from 1964 to its closure in March of 2013 (to Feb 2013, 135,903,168 tonnes milled at 3.44 % Pb, 8.74 % Zn, 0.37 % Cu and 102 g/t Ag). The Brunswick deposits (No 6 and No 12) are situated in the Nepisiguit Falls Group of rocks in the Lower Tetagouche group of the BMC. There are 46 known VMS deposits in the BMC. | |
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