RE: EAST BAY PROPERTY First Finance completed a business transaction with Clifton Star (now a subsidiary of FF) in april (10% interest in Duparquet, 100% interest in Duquesne project)...more recently unloaded 3 of its silver properties to BSR, now Silver One, with significant share ownership...
EXS has significant holdings in this important area...Osisko had invested $15 million toward Duparquet (Clifton Star) before moving on to Hammond Reef near Thunder Bay in 2010....
EXS East Bay Project claims have real value...little has been said regarding this area ..EXS recently added an additional 63 claims in this area...
Most posters have been concentrating on the TPW option with Teck resources(Teck still IN), Ogden, and KC holdings.
All of the above are still in play at this point...
EXS share price will move up shortly.....pleasant surprises to come...
July 28, 2016 10:43 ET
Explor Increases East Bay Property
ROUYN-NORANDA, QUBEC--(Marketwired - July 28, 2016) - Explor Resources Inc. ("Explor" or "the Corporation") (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of 63 mineral claims located in the Duparquet, Destor Townships and in the Rouyn-Noranda and Rapide-Danseur Municipalities, in the Rouyn-Noranda Mining Division, Province of Quebec for a total of 1,856.07 hectares. These claims are contiguous to the East Bay Property. Explor will issue 75,000 shares to acquire a 100% interest in the additional East Bay claims.
This acquisition is in line with the Corporation's strategy of increasing its property along the Porcupine Destor Fault Zone (PDFZ), where several notable gold deposits have been found in the past, including the Timmins mining camp which produced more than 65 million oz of gold. The Corporation now owns 5,740.15 ha of land along this section of the PDFZ. The East Bay Gold Property is located to the west and north of the Consolidated Beattie and Donchester Gold Property and contiguous to the ground on which Clifton Star Resources Inc. continues to intersect wide width of gold mineralization (Press Releases dated June 19 and June 6, 2013).
Geological Context & Mineralization
The mineralization on the East Bay gold property is similar to the Beattie Island within Duparquet Lake and is hosted within the Destor Theolitic Unit of the Blake River Group. Mineralization is associated with interflow volcanic sediments between andesite flows and dioritic sills. The alteration consists of silicification, carbonization and considerable sulphide enrichment.
Chris Dupont, P.Eng is the qualified person responsible for the information contained in this release.
Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).
This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release