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Explor Resources Inc.
Summary
| Project: | Kidd Township | |
|---|---|---|
| Deposit: | Kidd Township | |
| Location: | Canada | |
| Commodities: | Gold-Zinc | |
| Date: | 10/11/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-10-2016: Explor Resources Inc. announces an Exploration/Drilling Update report for its Kidd Township deposit at the Kidd Township project. Drilling results incl 1m @ 1.5% Zn. Rouyn-Noranda, Canada, October 11, 2016 - Explor Resources Inc. (“Explor” or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chris Dupont (Internal) | |
| ABSTRACT: | Rouyn-Noranda, Canada, October 11, 2016 - Explor Resources Inc. (“Explor” or “the Corporation”) (TSX-V: EXS, OTCQX: EXSFF, FSE & BE: E1H1) is pleased to announce the Diamond Drilling results on the Kidd Township Property. The Corporation’s Kidd Township Group of Properties are located to the North, South, West and East of the Glencore Kidd Creek Mine, located approximately 20 km north of Timmins, Ontario. Explor’s Kidd Township’s Group of Properties have a land position that covers an area of approximately 2,805.20 hectares. The most obvious topographical feature in the area is the Glencore Kidd Creek open pit mine, located in the central portion of Explor’s Kidd Township group of Properties. Explor was so encouraged by the initial results of the 3000 meter program that it decided to more than double the diamond drilling program planned to 7275.7 meters. Explor drilled seven holes & two wedges on three claim blocks, one being in Carnegie Township, northeast of the mine and the other two blocks drilled in Kidd Township, southwest of the mine. 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. Exploration drilling completed by Explor to date has revealed Major Fault Structures running to the west and east of the Glencore Kidd Creek Mine in a NW-SE direction. A thorough review of all existing geophysical data appears to support these findings. Drilling by Falconbridge in 1998 to the southwest of the Glencore Kidd Creek Mine (Hole # K26-01) returned 4.7m in which 4 of the 5 samples returned Zinc values from 4200 – 8900 ppm and Copper values that ranged from 700 – 2280 ppm. | |
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