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Explor Resources Inc.
Summary
| Project: | Ogden | |
|---|---|---|
| Deposit: | Ogden | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/4/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-8-2016: Explor Resources Inc. announces an Exploration/Drilling Update report for its Ogden deposit at the Ogden project. Drilling results incl. 1.80m @ 1.99g/t Au from 438.0m. Rouyn-Noranda, Canada, August 4, 2016 - Explor Resources Inc. (“Explor” or “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chris Dupont (Internal) | |
| ABSTRACT: | Rouyn-Noranda, Canada, August 4, 2016 - Explor Resources Inc. (“Explor” or “the Corporation”) (TSX-V: EXS, OTCQX: EXSFF, FSE & BE: E1H1) is pleased to announce the results of the Diamond Drilling Program on the Corporation’s Ogden Gold Property. The property is located 12 kilometers southwest of the city of Timmins, Ontario. The property consists of 12 mining claims (96 mineral claim units) covering 1,540 hectares situated in the Porcupine mining division, district of Cochrane, in the Ogden and Price Townships, Ontario. These claims are contiguous to the east of the Corporation’s Timmins Porcupine West Property (the “TPW Property”). This preliminary program consisted of three sets of two holes each. East set was located with an approximate 2 kilometer spacing as shown on the attached plan. The property has been previously explored by Hollinger Mines, Tex-Sol Exploration, Inmet Mining Corporation, Amax Mineral Exploration, Noranda Exploration and Knick Exploration. The majority of the holes drilled by previous operators were less than 100 meters in length. Historically on the Ogden Property, the only hole that hit significant mineralization was a diamond drill hole by Tex-Sol Exploration in 1965 which returned 6.0 g/t Au over 9.1 m at a shallow depth. Typically on the adjacent TPW Gold Property, higher grade mineralization was intersected below 300 meters of vertical depth requiring drill holes of 500 to 600 meters in length. | |
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