Mr. Christian Dupont reports
EXPLOR'S EXPLORATION PROGRAM UPDATE
Explor Resources Inc. has provided an update on the status of its current exploration programs.
The following properties are currently being explored for gold:
Timmins Porcupine West Property:
Explorhas completed the Phase II Diamond Drilling program on this Property.To date, results have been announced on 9 holes. The drilling programhas successfully confirmed the model announced in the September 11, 2009press release. The first phase of drilling was concentrated onmineralized Zone "A" located on the south limb of the geo-syncline.Mineralized Zone "A" is one of five (5) mineralized zones identified onthe property. A series of 8 holes were drilled perpendicular to thestructure and spaced at approximately 300 meter intervals. These holesintersected the structure and confirmed that the mineralized zone isover 1200 meters in length and up to 1000 meters at depth. The structureis open along strike and at depth. Assays are pending on the balance ofPhase II Exploration Program.
The Timmins Porcupine West Projecthas as a Target Model "The Hollinger-McIntyre-Coniaurum System." TheHollinger-McIntyre-Coniaurum (HMC) System has produced a total of over30 million oz of gold is spatially associated with the Pearl LakePorphyry. The high-grade gold bearing quartz veins which hosted the bulkof the gold at the HMC occurred in the adjacent mafic volcanics,located outboard from the porphyry itself.
2) Eastford Lake Property:
Thestructural analysis and model were completed in early October 2009.Nine (9) parallel shear zones were defined in a 400 meter wide shearzone corridor. The shear zone corridor appears to have been bisected by amajor fault trending North-north-east. Gold has been found in severalof the shears. Two drill holes were completed to intersect where six SGH(Soil gas hydrocarbon) gold anomalies were coincident with the shearzones. Of these, one anomaly proved to contain anomalous goldmineralization.
A recent study written by Robert Tremblay, anindependent consulting geologist of Val-d'Or, focused on mapping allstructural features and their correlation with gold mineralization. As aresult of this review, a first interpretative geological map of thegold-bearing zone was developed. The drilling program is based on thepositive results that were obtained with this study. The program isdesignated to confirm the strike of the high grade mineralization thatwas found in Hole #7.
In July 2010, Explor completed a series of 4holes for a total of 2700 meters of diamond drilling on the EastfordLake Gold Property. This program focused on intersecting the goldbearing shear zones that are intersected by a major fault structure thatis trending in a north north easterly direction and through the LynxGold Zone. Assay results are currently pending on this program.
3) PG-101 Property:
ThePG 101 Property is adjacent to the eastern boundary of St. AndrewGoldfields' former producing Holt Mine Property and only a fewkilometers east of their Holloway Mine property. Historic production(1988-2004) from the Holt (McDermott) Mine totals 8.18 millions tons at agrade of 0.162 opt Au(1) (7.42 million tonnes @ 5.6 gpt Au). Measuredand indicated resources reported in 2006 for the Holt Mine are 2.99million tonnes at a grade of 7.3 gpt Au(2). Production at the HollowayMine to 2004 is reported as 4.73 million tons at a grade of 0.166 optAu(1) (4.29 million tonnes @ 5.7gpt Au). Measured and indicatedresources reported in 2006 for the Holloway Mine are 1.04 million tonnesat a grade of 7.8 gpt Au(2). Several other smaller deposits in theHarker-Holloway gold camp and in the vicinity of the PG 101 Propertyinclude the Buffonta, Mattawasaga and East Zone deposits.
The PG101 Property is underlain by the same succession of mafic volcanicflows, breccias, and tuffs that host the known gold deposits of thearea. These volcanic rocks are cut by ENE trending faults that splayfrom the Destor-Porcupine fault zone ("DPFZ"). The DPFZ is a majordeformation zone that crosses along the north boundary of the PG 101claims in Marriott Township. Proximity to the DPFZ, the Kirkland-LarderLake Break and other similar regional faults are characteristic ofsignificant gold deposits of the eastern Abitibi greenstone belt.
Explorhas recently completed 80 kilometers of line cutting and geophysics onthe southwestern portion of the property consisting of (mag and VLF) inhilly and mountainous area where it appears that cross faults intersectthe southwest trending geological structure. The favorable geophysicalresults have caused Explor to reprioritize PG-101 as representing asignificant opportunity. Selective IP surveys will be completed toselect drill targets.
Of note St-Andrew Goldfields Ltd. is drilling on their ground contiguous to where we are conducting a geophysical survey.
(1)Historic production figures were obtained from the Ontario MNDM website(www.mndm.gov.on.ca). The original imperial tons and ounce per ton(opt) grades are quoted and the equivalent metric tonnes and grams pertonne (gpt) grades indicated in parentheses.
(2) Resources for St.Andrew Goldfields' Holt and Holloway Mines are quoted form St. AndrewGoldfields' website (www.standrewgoldfields.com) and the company's NI43-101 Compliant Technical Report dated October 2, 2006. Only Measuredand Indicated Resources are quoted. Inferred Resources have not beenquoted.
4) Montrose Property:
The claims are located in thesouthern part of Montrose Township and the northern part of MidlothianTownship approximately 8 kilometres northwest of the town of Matachewan.The property is approximately 64 km west of the city of Kirkland Lake,Ontario. Excellent access is provided by Hwy 66 from Kirkland Lake. Theproperty covers an area of approximately 2,429 hectares.
The localgeology in the area of the claims consists of older felsic volcanicsuncomfortably overlain by Temiskaming sediments along an E-W faulted andfolded strike with north dips. The Temiskaming sediments vary frompebble conglomerates greywackes and wackes with minor argillaceousunits.
The Montrose Property is contiguous with the formerproducing Stairs Mine property where widespread alteration, generallywithin sediments, occurs proximal to felsic volcanic contacts.Alteration consists of wide zones of carbonate/pyrite alteration +/-silicification and can obtain widths up to 100-200 m with more intenseinternal zones of sericite alteration and green mica alteration withinthe broad carbonate alteration. Gold values are found most commonly withquartz ankerite veins but can also occur in massive sulphide veins,chromic-pyrite veins and sericite alteration.
In July 2010, Explorcompleted a 3300 meter diamond drill exploration program consisting of 6diamond drill holes. The drilling to date has found very strongalteration package similar to the Stairs and Pamour/Dome Mineenvironment. The core is currently being logged and assays results arepending.
The following properties are on our Base Metal Exploration Front:
5) Carnegie Property:
A2,500 meters drill program consisting of 10 holes was completed in thewinter of 2010 on the Carnegie Property. Approximately 10 holes havebeen completed in this diamond drill program. Of note rhyolite wasobserved in one of the holes. The drilling that was completed testedmax/min as well as IP targets there were found during the 2009winter/spring geophysical program.
A detailed examination of thecore has permitted the consulting geologist Robert Tremblay to statethat he has observed lithologies, textures, alterations andmineralizations in many of the holes that were drilled that indicate astrong potential for the localization of a Volcanogenic Massive Sulfidedeposit. This has necessitated a second phase of geochemical sampling todetermine alteration indexes and also samples have also been submittedfor Cu-Zn (Copper-Zinc) and gold analysis. Logging of the holes iscomplete and assays are currently pending on the second phase ofsampling.
6) Kidd Township Property:
Explor is very excitedabout the acquisition this spring, (Press Release March 24, 2010), ofthe four (4) mineral claim block 1.6 kilometres to the west of the KiddCreek Open Pit mine. A series of untested VTEM anomalies have beenobserved on the newly acquired property. This property is approximately0,5 km to the west of the Chance (Zn-Pb-Ag) (Zinc-Lead, Silver) depositand to the west of Kidd Creek Deposit. The newly acquired claims may beon the same synvolcanic collapsed structure as the Kidd Mine and theChance Deposit. Some of the EM targets occur along magnetic boundariessuggestive of a rhyolite/basalt contacts. The Kidd Creek Mine located tothe east of the property is known for Cu-Zn-Pb-Ag(Copper-Zinc-Lead-Silver) production. The Kidd Creek Mine has produced130,000,000 tonnes of base metal ore since it started production in1966. This acquisition is being made because of Explor's belief in thecluster effect of VMS deposits. The presence of mafic and felsic rockswith anomalous zinc and copper make this an exploration property ofmerit.
Explor plans on Drilling this property as soon as freeze upoccurs and we can build a winter road to access the property. Explor'sexploration program is two phase. Phase I is to cut a few lines trendingnorth west where the VTEM survey indicates a potential target, completesome preliminary geophysics to confirm the target location and spot thedrill holes. Phase II will consist of diamond drilling the identifiedtarget or targets.
Chris Dupont, the president and chief executiveofficer of Explor Resources, commented: "The exploration propertiesthat we have acquired over the last 5 years in the Abitibi GreenstoneBelt have the potential to host a major gold or base metal discovery."To date the results we have obtained indicate we are on the right track.
Dupont P.Eng is the qualified person responsible for the information contained in this release.
We seek Safe Harbor.