ROUYN-NORANDA, CANADA--(Marketwire - Feb. 19, 2010) - Explor Resources Inc. (TSX:VENTURE EXS) is pleased to announce the acquisition 30 mineral units totalling 654.8 hectares, situated in Restigouche County, province of New Brunswick, known locally as the Tardif Brook.
Explor Resources inc., will pay $5,000 CDN and issue 50,000 common shares for an Option to acquire 100% interest in the Tardif Brook mineral claims. The Optionee has retained a 2.0% NSR in the property. This acquisition is subject to regulatory approval.
The Tardif Brook Gold Property is located in Restigouche County, 2.5 kilometers north of Mount Carleton Provincial Park and 2.0 kilometers northeast of Mount Villebon. It is bounded on the north by Highway 180 and extends to about 1.8 kilometers to the south as shown on the attached property map as claim block #5683. The property is easily accessible from Bathurst via Highway 180 an all-weather paved road to Saint Quentin, New Brunswick.
The Tardif Brook Gold Property is in a relatively unexplored part of northern New Brunswick, in Lower Devonian rocks of the Tobique Chaleurs Zone. The property is to the east and contiguous to the Mount Villebon Property which was acquired by staking in 2008 and is 100% owned by Explor Resources. It is 1.5 kilometers east of the Moose Brook Cu-sulphide mineral occurrence which has been the focus of the Company's exploration activities in New Brunswick in 2008 and 2009.
A recent stream geochemical sampling program conducted in the fall of 2009 on the Moose Brook and the Mount Villebon properties returned gold values of up to 195 ppb. Approximately 75% of the 103 stream sediment samples tested contained values above the detection limit (1.0 ppb Au). The average of those values above the detection limit was 27.4 ppb Au. The highest values of gold-in-stream samples were taken within 600 meters of each other on the same stream (Moose Brook) and were along the east boundary of the Mount Villebon Property. One sample, located 2.7 kilometers to the northeast of the 199 ppb sample, assayed at 78 ppb Au just off the east boundary of the Mount Villebon Claim Group (Claim Block #5509). This follows the known geological and structural trend along the interpreted Ramsay Brook Fault which trends to the northeast through the middle of the property.
Explor plans on conducting a two phase exploration program. Phase I will consist of line cutting and geophysics to determine the location of the structural targets. Phase II will consist of diamond drilling the identified target or targets.
Christian Dupont P.Eng is the qualified person responsible for the information contained in this release.
Explor invites its investors to visit our booth #2122 at the Investor Exchange of the PDAC 2010 located in the south building of the Metro Toronto Convention Center from March 07 to March 10, 2010.