Re: SGX-Kerrs - EXS-Eastford Lake
in response to
by
posted on
Feb 09, 2009 12:02PM
Focused on becoming a near-term Gold Producer
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.