Exploring for gold and base metals in the Abitibi Greenstone Belt
Abitibi has produced more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore to date
Message: Continues Kidd Township Exploration Program
| January 28, 2009 |
| Explor Continues Kidd Township Exploration Program |
| ROUYN-NORANDA, QUEBEC--(Marketwire - Jan. 28, 2009) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce that it has completed the 1st phase of Diamond drilling on its Kidd Township Exploration Property. Phase 1, completed in the fall of 2008 consisted of drilling 4 Diamonds Drill holes to test geophysical targets south of the Kidd Creek Mine site in an area believed to be predominantly a sedimentary environment. Felsic and metasediments were intersected in all 4 holes. Highlights include a 1.1 meter section of massive to semi-massive pyrite intersected in hole #3 down hole at 339.0 to 340.1 meters. Anomalous values of Cu, Zn and Pb were intersected in 3 of the 4 holes ranging from 100 to 200 ppm cu, 330 ppm zn and 780 ppm Pb in Hole #2. Hole #3 intersected 175 ppm cu and 906 ppm zn over 1.5 m. There remain 3 EM targets that remain to be tested by Diamond Drilling which is expected to start in early February. The recent completed max-min has confirmed the coincident EM and Magnetic targets revealed by the VTEM airborne survey in the faults to the southeast of the Kidd Mine property. The Kidd Creek Mine located to the north west of the property is known for Cu-Zn-Pb-Ag production. The Kidd Creek mine has produced 130,000,000 tonnes of base metal ore since it started production in 1966. The presence of Mafic and Felsic rocks with anomalous zinc and copper make this an exploration property of merit. The Kidd Township Property is located in the south central part of Kidd Township 1.5 kilometres south east of the Kidd Creek mine site. The property is approximately 20 km north of the city of Timmins, Ontario. Excellent access is provided by Hwy 655. The Kidd Township Properties are contiguous, strategically located and cover an area that totals 1,948.3 hectares. The most obvious topographical feature in the area is the Kidd Creek open pit approximately 2.5 km to the north north-west of the property as well as a series of sand eskers and swamps. 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. Explor's exploration program is two phase. Phase I is designed to better determine the location of the structural targets by Diamond Drilling the Geophysical targets as determined by the airborne survey. Phase II will utilize down hole geophysics followed by diamond drilling to further enhance target definition. Chris Dupont P.Eng is the qualified person responsible for the information contained in this release. About Explor Resources Inc. Explor Resources Inc. 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 Company is headquartered in Quebec and was incorporated in Alberta in 1986. |
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