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Explor Resources Inc.
Summary
| Project: | Chester | |
|---|---|---|
| Deposit: | Chester | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Zinc-Lead | |
| Date: | 3/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-3-2017: Explor Resources Inc. announces an Exploration/Drilling Update report for its Chester deposit at the Chester project. Drilling results incl. 11.50m @ 0.138g/t Au, 4.8g/t Ag, 2.357% Cu, 0.1205% Zn from 131.90m. Explor Resources Inc. (“Explor” or | |
| 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: | 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. Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased and encouraged by these preliminary drill results. The presence of multiple copper mineralized zones in each of the holes drilled is very significant in terms of exploration. The increase in strike length of the known mineralization from 500 to 750 meters confirms the potential to significantly increase the resources on the property. The property continues to be open on strike to the west and Northwest.” | |
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