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Explor Resources Inc.
Summary
| Project: | East Bay | |
|---|---|---|
| Deposit: | East Bay | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-3-2018: Explor Resources Inc. announces an Exploration/Drilling Update report for its East Bay deposit at the East Bay project. Drilling results incl. 2.5m @ 4.85g/t Au. Rouyn-Noranda, Canada, March 5, 2018 - Explor Resources Inc. (“Explor or the “Corpo | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chris Dupont (Internal) | |
| ABSTRACT: | Rouyn-Noranda, Canada, March 5, 2018 - Explor Resources Inc. (“Explor or the “Corporation”) (TSX-V: EXS, OTCQB: EXSFF, FSE & BE: E1H1) is pleased to announce the results of the East Bay Gold Property exploration program. The analysis of previous exploration by Cambior and the results of the previous exploration program completed by Explor (Press Release October 06, 2015) have confirmed several interesting drill targets. The exploration program consisted of a Phase III 3000 meter drill program. This program is in line with the Corporation’s strategy of conducting exploration along the Porcupine Destor Fault Zone (PDFZ), where several notable gold deposits have been found in the past, including the Timmins mining camp which produced more than 80 million oz of gold. The Corporation now owns 11,005.9 ha of land along this section of the PDFZ. Explor’s East Bay property is contiguous and wraps around the western portion of the former Clifton Star’s Duparquet property as shown on the attached plan. The East Bay property is approximately 0.5 km west of the former Consolidated Beattie and Donchester Gold Mines.The former Consolidated Beattie and Donchester Gold Mines, produced over 1.0 million oz of gold between 1933 and 1956. The former Clifton Star in a previous press release announced (Press Release dated April 09, 2014) significant proven and probable reserves of 1,895,530 oz at 1.50 g/t Au and a measured and indicated resource of 1,127,972 oz at 1.48 g/t Au on their property. | |
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