Explor Begins Drill Program on Carnegie
posted on
Feb 20, 2010 04:40PM
Abitibi has produced more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore to date
ROUYN-NORANDA, QUEBEC, CANADA, Feb. 17, 2010 (Marketwire) -- Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the beginning of a 2,500 meters drill program on the Carnegie Property. Approximately 10 holes are planned in this diamond drill program. The drilling is planned to test Max/min as well as IP targets there were found during the 2009 winter/spring geophysical program. The Carnegie Property is situated in the Porcupine Mining division, district of Cochrane, Province of Ontario.
The Carnegie Property is located in the central part of Carnegie township approximately 3.5 kilometres north 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 property is approximately 2.0 km off the highway. The Carnegie Property is strategically located and covers an area of approximately 1186.25 hectares in the area. The most obvious topographical feature in the area is the Kidd Creek open pit.
Geological context
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. Also there are many suites of mafic volcanic rocks. A series of untested airborne anomalies have been observed on the property. The Kidd Creek Mine located to the south 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 Zn and copper make this an exploration property of merit. A review of existing data revealed a series of structural anomalies of interest.
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.