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

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Message: Fundamental View Blog April 22nd

Fundamental View Blog April 22nd

posted on Apr 23, 2010 04:05PM

Intersting read on EXS

http://thefundamentalview.blogspot.com/search/label/EXS%20Due%20Diligence

"In summary, when analyzing this press release in conjunction with the last release, I note the following:

  • An exponential increase in the number of zones being intercepted;
  • We are seeing an increase in gold bearing veins;
  • Expansion of strike to 1200 m (Cameco’s initial estimation was 600m, EXS has effectively doubled strike)
  • A fairly shallow intercept of a half ounce of gold, (admittedly over a skinny width) in hole number 9, a hole purposely drilled shallow to test the next zone.

Explor is now 9 holes reported, into a significant drill program. They have expanded strike to 1200 m vs. Cameco’s initial estimation of 400m and they continue to intercept the same showings that are similar to the system so heavily discussed.

It would appear to me though, that drilling to date has confirmed that Cameco’s initial thoughts on the potential for this property were correct. The challenge is in finding medusa’s head in the swamp of snakes. Explor has found the snakes, now they’ve got to target the head. "

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