Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John McCarthy who wrote (37144)	3/28/2007 2:49:59 PM
From: heinz44	Read Replies (1) of 78408

Have any $$ left? here is another.... Explor increases landholdings at Carnegie in Ontario Symbol EXS Shares Issued 12,769,152 2007-03-26 13:30 PT - News Release Mr. Christian Dupont reports EXPLOR INCREASES CARNEGIE LAND POSITION Explor Resources Inc. has acquired eight additional mineral claims in addition to the 28 units already owned and situated in Carnegie township in the Porcupine mining division, district of Cochrane, province of Ontario. Explor Resources will issue 100,000 common shares for an option to acquire a 100-per-cent interest in the eight units in Carnegie township. The optionees have retained a 2-per-cent net smelter return (NSR) in the property. This acquisition is subject to regulatory approval. The additional Carnegie claims are located in the southern part of Carnegie township approximately 1.5 kilometres north of the Kidd Creek mine site. The property is approximately 20 kilometres north of the city of Timmins, Ont., and contiguous to the Carnegie property. Excellent access is provided by Highway 655. The property is approximately 0.5 km off the highway. The additional eight-unit mineral claims are strategically located and cover an area of approximately 128 hectares. This will increase Explor's land position to 576 hectares in the area. The most obvious topographical feature in the area is the Kidd Creek open pit approximately one kilometre to the south of the property boundary as well as a series of sand eskers. Geological context The property is located in a greenstone belt composed mainly of sequences of metavolcanic rocks cut by faults and deformation zones that lie in a northwest-southeast direction. Also there are many suites of mafic volcanic rocks. A series of untested airborne anomalies have been observed on the property. The Kidd Creek mine located to the south of the property is known for copper-zinc-lead-silver production. The Kidd Creek mine has produced 130 million tons of base metal ore since it started production in 1966. The presence of mafic and felsic rocks with anomalous zinc and copper makes this an exploration property of merit. A review of existing data revealed a series of structural anomalies of interest. Explor plans on conducting a two-phase exploration program. Phase I is designed to better determine the location of the structural targets via magnetic and max-min geophysics. Phase II will consist of diamond drilling the identified target or targets.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next