Explor Resources Inc New EXSFF

RE: Moose Pasture Anyone

[goldspinner]

Government geological maps and previous diamond drilling on the property suggest that the central part of the TPW Property is underlain predominantly by sericite and silica altered Quartz-Feldspar Porphyry ("QFP") which in turn is intruded by altered syenite. As well, previous drilling has shown that the QFP is bounded to the north and south by Porcupine Group of metasediments. Structurally, it has been proposed that the property is underlain by a synclinal feature similar to that of the Hollinger-McIntyre Mine. Structurally, diamond drilling has shown that the central part of the property is crossed by an almost E-W trending (splay) fault off the Porcupine-Destor Fault Zone, ("PDFZ"). As well, several drill holes directly north of the QFP contact with the metasediments show that the area is crossed by several parallel to en-echelon splay faults. Deep holes and wedges in the western part of the property within the metasediment package show that several parallel to sub-parallel faults occur to the south of the QFP as well. Geological and structural interpretation by A.S. Horvath Engineering determined that the property is underlain by an east plunging syncline with the central core being composed by a QFP. The interpretation also determined that the north and south limbs of the syncline are underlain by metasediments and mafic volcanics of the Tisdale Group of Rocks. The contact between the altered central QFP and the bounding metasediments and mafic volcanics were determined to be proximal to E-W trending and 070 degree splay faults from the PDFZ. Hole TPW-12-67B was drilled at a 250 degree azimuth to compensate for the intense schistosity and was designed to drill at 180 degrees after exiting the deformation zone approximately 400 meters to the south. The 2403 meter hole was designed to intersect all components of the synclinal model. In fact, Hole TPW-12-67B was successful in intercepting all lithologies and structure as interpreted in the Gemcom geo-statistical model by Horvath. From north to south, the lithologies encountered in TPW-12-67B were as follows: interbedded metasediments with lesser mafic volcanics were intercepted from 37.7m (bedrock) to 218m. This area represents the northern bounded metasediment package directly south of the mafic volcanics. Farther down hole to the south from 218m to 592 meters a package of interbedded metasediments and QFP was intersected. This zone is most likely a transition zone between the northern boundary metasediments and the altered QFP core. From 592 meters to 1869m, the core QFP was intersected with local abundant sericite, silica and syenite alteration. Finally, from 1869m to 2403 meters the southern bounded metasedimentary package of greywacke and argillite were intercepted after exiting the core QFP to the south. In conclusion, from north to south, the interception of the metasediment package, the core altered QFP and then again the south bounded metasediments clearly shows that TPW-12-67B was successful in identifying the components of the proposed synclinal structure as determined through previous drilling. It should be noted that the grades encountered near surface on the North Limb of the Syncline mimic the grades encountered on the South Limb near surface. As well, the identification of several intense shears, faults and slips proximal to the contact of the 3 lithological zones shores up the model developed for the TPW Property suggesting the presence of a north limb, central fault and south limb of the proposed synclinal structure. The mineralization on the south limb strikes east northeast and dips to the north at 70 to 80 degrees. The drilling confirms the association of gold mineralization with Quartz feldspar (QFP) and syenite porphyry, found at both the Lakeshore and West Timmins Properties. The larger zones of mineralization display a strong spatial relationship with proximity to syenite intrusive rocks and high Fe-tholeitic volcanic rocks. The 3D Geological Model may be viewed on our website: www.explorresources.com.