Something is Brewing?
Even though I thought he might share his thoughts and progress, the meetings he had must be of a very sensitive nature, as he would not even offer a clue. All he keeps repeating is that shareholders should be very happy once the dust clears. I continue to believe something big is brewing that will have a positive impact on us all.
We can speculate all we want about individual properties, or the Company as a whole, but given the absolute gag on information flow, that seems moot at this time.
Should any of my sources throw any light, I'll report what I hear immediately. In the meantime, work at the Company's Timmins Porcupine West (TPW) GOLD Deposit is winding down. To date, existing Holes #109; 101; 102; 103 & 104 have been deepened to 600-650meters, with the exception of #109, which was deepened to about the 850meter level.
Four new Step-Out holes were drilled as well, denoted #124; 125; 126 & 127. #127 is still in process, but the other three were drilled to depths of 600-650meters. Most of the new core has been logged, sawed, and shipped to the lab for analysis. I've heard a number of shear zones were intersected, so I'm optomistic about the results. The prevailing theme during previous drilling by the Company was lower grade GOLD near surface, and higher-grade GOLD at depth (beyond 450meters).
However, by tightening up this section of the deposit, Dupont is adding ounces to a brightening 'Open Pit' scenario, with substantially less cost to production. That will make the TPW much more attractive to whomever he may be having discussions with? Chipping & sampling at East Bay continues as well, as geologists investigate various outcrops in the northwest section of the property, in the immediate vicinity of the old Consolidated Beattie and Donchester GOLD Mines, which produced over 1.0 million oz of GOLD between 1933-1956.
NOTE: This forum commentary was published from a third party source. It has not been verified by the company.
About Explor Resources Inc.
Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.
Explor Resources Inc.