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Explor Resources Inc.
Summary
| Project: | Kidd Township | |
|---|---|---|
| Deposit: | Kidd Township | |
| Location: | Canada | |
| Commodities: | Gold-Zinc-Lead | |
| Date: | 5/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-5-2017: Explor Resources Inc. announces an Exploration/Drilling Update report for its Kidd Township deposit at the Kidd Township project. Drilling results incl 1.5m @ 964ppm Zn from 292.5m. Rouyn-Noranda, Canada, May 10, 2017 - Explor Resources Inc. (“ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chris Dupont (Internal) | |
| ABSTRACT: | Rouyn-Noranda, Canada, May 10, 2017 - Explor Resources Inc. (“Explor” or “the Corporation”) (TSXV: EXS, OTCQB: EXSFF, FSE & BE: E1H1) is pleased to announce the results of the Diamond Drilling Program completed on the Kidd Township Property this winter. The Corporation’s Kidd Township Group of Properties are located to the North, South, West and East of the Kidd Creek Mine Site, located approximately 20 km north of Timmins, Ontario. Explor’s Kidd Township’s Group of Properties have a land position that cover an area of approximately 2,805.20 hectares as shown on the attached Property Map. The most obvious topographical feature in the area is the Open Pit located in the central portion of Explor’s Kidd Township group of Properties. Explor has completed a geophysical program consisting of mag and max/min to better define the targets in December 2016 and completed a 2,420 meter diamond drill program. The property is located in a Greenstone Belt composed mainly of sequences of Meta-Volcanic rocks cut by faults and deformation zones that lie in a NW-SE direction. There are many suites of Mafic Volcanic rocks as well. Excellent access to the property is provided by Hwy 655. The best zinc value of 964 ppm was intersected in Hole KC-17-07 within a graphitic fault/shear from 292.5 to 294 meters with 10-15% stringers pyrite and pyrrhotite. Hole KC-17-09 intersected 551 ppm Zn from 454.8 to 456 meters within a 10cm fault. As well, Hole KC-17-09 returned 408 ppm Zn from a minor fault with rubble from 595.5 to 597 meters. Although no economic Zinc values were encountered, many of the lithological units and accompanying alteration intersected in all three 2017 holes were very similar to ore making rock units within the Kidd Creek mine directly to the south. No significant gold, copper or lead values were encountered. | |
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