Owner
Post by Franko10 ™ on Jan 8, 2008 15:11:17 GMT -5
Explor Acquires Moose Brook Copper Property (ccnm)
ROUYN-NORANDA, QUEBEC--(Marketwire - Jan. 8, 2008) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the acquisition 16 mineral claims totalling 250 hectares, situated in Restigouche County, province of New Brunswick, known locally as the Moose Brook Group.
Explor Resources inc., will pay $25,000 CDN and issue 200,000 common shares for an Option to acquire 100% interest in the Moose Brook mineral claims. The Optionee has retained a 2.0% NSR in the property. This acquisition is subject to regulatory approval.
The Moose Brook Copper Property is located in Restigouche County, near Mount Carleton Provincial Park, 1.0 kilometer north of Mount Villebon and 3.0 kilometers south of Highway 180 in the province of New Brunswick. The property can be reached from Bathurst via Highway 180 on all weather gravel road to Saint Quentin, New Brunswick.
The Moose Brook copper occurrence is in a relatively unexplored part of northern New Brunswick, in Lower Devonian rocks of the Tobique Chaleurs Zone. Cu-sulphide mineralization occurs in a quartz stockwork that is hosted by a vitrophyric rhyolite flow. This rhyolite is intercalated with westerly-dipping, shallow marine sedimentary rocks. The rhyolite exhibits a well-developed tectonic fabric so it is probably synvolcanic. To the southwest felsic rocks become abundant whereas, to the east mafic rocks become volumetrically more significant. Grab samples collected from trenches have yielded up to 6 wt. % Cu. There is potential for a porphyry-Cu deposit at relatively shallow depth.
Explor plans on conducting a two phase exploration program. Phase I will consist of line cutting and geophysics to determine the location of the structural targets. Phase II will consist of diamond drilling the identified target or targets.
Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Company is headquartered in Quebec and was incorporated in Alberta in 1986.
Explor Resources Inc. is a public listed company trading on the TSX Venture (EXS).
This press release was prepared by Explor Resources inc.
FOR FURTHER INFORMATION PLEASE CONTACT:
Christian Dupont, President
800-388-8668 or 819-797-4630
www.explorresources.com
or
Investor Relations:
The Buick Group
Carol Kim
877-748-0914 or 416-905-0915 Ext: 304
ckim@buickgroup.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
ROUYN-NORANDA, QUEBEC--(Marketwire - Jan. 8, 2008) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the acquisition 16 mineral claims totalling 250 hectares, situated in Restigouche County, province of New Brunswick, known locally as the Moose Brook Group.
Explor Resources inc., will pay $25,000 CDN and issue 200,000 common shares for an Option to acquire 100% interest in the Moose Brook mineral claims. The Optionee has retained a 2.0% NSR in the property. This acquisition is subject to regulatory approval.
The Moose Brook Copper Property is located in Restigouche County, near Mount Carleton Provincial Park, 1.0 kilometer north of Mount Villebon and 3.0 kilometers south of Highway 180 in the province of New Brunswick. The property can be reached from Bathurst via Highway 180 on all weather gravel road to Saint Quentin, New Brunswick.
The Moose Brook copper occurrence is in a relatively unexplored part of northern New Brunswick, in Lower Devonian rocks of the Tobique Chaleurs Zone. Cu-sulphide mineralization occurs in a quartz stockwork that is hosted by a vitrophyric rhyolite flow. This rhyolite is intercalated with westerly-dipping, shallow marine sedimentary rocks. The rhyolite exhibits a well-developed tectonic fabric so it is probably synvolcanic. To the southwest felsic rocks become abundant whereas, to the east mafic rocks become volumetrically more significant. Grab samples collected from trenches have yielded up to 6 wt. % Cu. There is potential for a porphyry-Cu deposit at relatively shallow depth.
Explor plans on conducting a two phase exploration program. Phase I will consist of line cutting and geophysics to determine the location of the structural targets. Phase II will consist of diamond drilling the identified target or targets.
Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Company is headquartered in Quebec and was incorporated in Alberta in 1986.
Explor Resources Inc. is a public listed company trading on the TSX Venture (EXS).
This press release was prepared by Explor Resources inc.
FOR FURTHER INFORMATION PLEASE CONTACT:
Christian Dupont, President
800-388-8668 or 819-797-4630
www.explorresources.com
or
Investor Relations:
The Buick Group
Carol Kim
877-748-0914 or 416-905-0915 Ext: 304
ckim@buickgroup.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
