Timmins & Beardmore - Northern Ontario

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Message: Re: SGX-Kerrs - EXS-Eastford Lake
1
Feb 05, 2009 05:29AM
5
Feb 09, 2009 10:14AM

Didn't expect EXS news so fast... three holes wedged off of hole No. 7 (i.e. 12m of 16.6 g/t)... 146.3 g/t over 3m (including 272.46 gpt/1.2 m, 115.72 gpt/0.8 m and 7.245 gpt/1.0 m (VG))... 45.5 g/t over 3.3m (including 13.245 gpt/1.3 m, 131.2 gpt/1.0 m and 1.568 gpt/1.0 m (VG)). Great results. Remember these are results from 3 wedged off holes from discovery hole. You can see how close this Hole 7 is to SGX on this map.

Also of note for SGX... "The main vein of the Lynx gold zone containing visible gold appears to strike in a north-northwesterly direction and is dipping to the south-southwesterly direction." This is directly toward SGX.

See my previous post below for background. Complete EXS release below.

red911



Explor Resources traces Lynx gold zone

2009-02-09 16:48 ET - News Release

Mr. Christian Dupont reports

PROGRESS REPORT EASTFORD LAKE LYNX GOLD ZONE: EXPLOR INTERSECTS 142.26 GRAMS/TONNE OVER 3.0 METERS

Explor Resources Inc.'s Lynx gold zone (see news in Stockwatch on June 10, 2008) has been traced using down-hole geophysics. Explor has completed three holes wedged off of hole No. 7 in order to confirm the geophysical signature as determined by the mise a la masse down-hole survey reported in news in Stockwatch dated Dec. 2, 2008. The main vein of the Lynx gold zone containing visible gold appears to strike in a north-northwesterly direction and is dipping to the south-southwesterly direction. The wedge holes have intersected visible gold (VG) similar to that intersected in hole No. 7. The property is situated in the Kerrs, Warden, Milligan townships, and the Rayner Lake area, southwest of Lake Abitibi, Ont., 90 kilometres east of the Timmins-Porcupine gold mining camp. The Eastford Lake property consists of 170 contiguous unpatented mining units for a total of 3,100 hectares.

Hole No.         From      To     Interval            Gold
                 (m)      (m)    (m)     (ft)  (g/tonne)  (oz/ton)

Hole No. 7A      407.0   408.0   1.0     3.28      5.03     0.147
                 429.0   430.0   1.0     3.28      6.47     0.189

Hole No. 7B      405.0   406.0   1.0     3.28      4.50     0.131
Hole No. 7B(i)   425.7   429.0   3.3    10.83     45.45     1.326
                 443.0   444.0   1.0     3.28      3.03     0.088

Hole No. 7C(ii)  406.0   408.0   2.0     6.56     13.12     0.328
Hole No. 7C(iii) 427.0   430.0   3.0     9.84    142.26     4.150
                 435.5   437.0   1.5     4.92      1.33     0.039
                 487.1   488.0   0.9     2.95      1.81     0.053
                 492.5   494.0   1.5     4.92      1.05     0.031

(i)    This interval of 45.45 grams per tonne over 3.3 metres 
       includes 13.245 gpt/1.3 m, 131.2 gpt/1.0 m and 1.568 gpt/1.0 
       m (VG)

(ii)   This interval of 13.12 gpt over 2.0m includes 12.767 gpt/1.0m and
       13.468gpt/1.0m

(iii)  This interval of 142.26 gpt over 3.0m includes 272.46gpt/1.2m,
       115.72 gpt/0.8m and 7.245 gpt/1.0m (VG).

Assays were conducted on sawn NQ sized half-core sections. Further drilling is required before the true width of the reported intersection can be determined. The saw blade is routinely cleaned between samples when visible gold is noted during logging and sampling of the drill core. Assays were conducted by Techni-lab of Ste-Germaine de Boule, Que., using standard fire assay on a 30-gram (one assay tonne) sample with a gravimetric finish procedure. Standard, blanks and check assays were included at regular intervals in each sample batch. Gold standards were prepared by CDN Resource Laboratories Ltd.

The combination of widespread ankerite alteration and gold mineralization hosted by many different rock types, including quartz-feldspar porphyry, altered ultramafics, tholeiitic basalt and metasediments are reminiscent of the diverse types of gold mineralization found in major gold camps (that is, Hollinger-McIntyre System and Dome Mine in the Porcupine Gold Camp). Explor will continue drilling the newly defined gold zone once the modelling is complete.


6
Feb 10, 2009 03:14AM
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