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Post by Franko10 ™ on Jan 30, 2006 13:53:06 GMT -5
Explor Resources Inc.: Devil's Lake-Exploration Program Update
13:48 EST Monday, January 30, 2006
LA RONGE, SASKATCHEWAN--(CCNMatthews - Jan. 30, 2006) - Explor Resources Inc. (TSX VENTURE:EXS), is pleased to announce preliminary exploration results from their 100% owned Devils Lake Property, which is located adjacent to Golden Band Resources 'Bingo' gold deposit. The Bingo deposit is a high grade (10-14 g/T) quartz vein hosted gold deposit which is estimated to contain 81,000 ounces of gold. The Bingo Shear Zone is a major structure that trends predominantly northwest and crosscuts the Devils Lake property.
Geophysical surveys conducted on 58 km of newly orientated grid lines have identified breaks in the magnetic pattern, which are coincident with electromagnetic anomalies and appear to be related to north-northwest shearing. The objective of the current Exploration Program is to further evaluate these newly identified northwest trending anomalies and the direct extension of the Bingo shear zone. Analytical results are pending on over 250 basal till samples that were collected during winter 2005 from along these trends.
Summer 2005 channel sampling at Explor's Pit NE trench returned 23 g/T (0.67 oz/t) Au and 7.6 g/T (0.22 oz/t) Au over 0.3 m and 0.2 m respectively. New sampling at SW-2 returned 10.98 g/T (0.32 oz/t) Au and 11.22 g/T (0.327 oz/t) Au over 0.25 m and 0.2 m respectively. Previous trenching and diamond drilling by Explor (24 holes) discovered anomalous gold at the PIT and SW-2. The best intersections where SW-2 zone: hole 96-19, 15 g/T (0.44 oz/t) over 2 m and the Pit Zone: hole 96-07, 15.6 g/T (0.46 oz/t) Au over 0.4 m.
Geologist, Dr. Andrew Gracie, P.Geo, a qualified person has reviewed the technical information contained in this press release.
Explor Resources Inc., is a publicly traded mineral exploration corporation with properties in Saskatchewan and Ontario. The corporation's shares trade on the TSX Venture Exchange under the symbol EXS.
The press release has been prepared by Explor Resources Inc.
FOR FURTHER INFORMATION PLEASE CONTACT:
Explor Resources Inc.
Randy T. Studer
Vice President
(306) 425-3350
(306) 425-2535 (FAX)
Email: explor@sasktel.net
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.
13:48 EST Monday, January 30, 2006
LA RONGE, SASKATCHEWAN--(CCNMatthews - Jan. 30, 2006) - Explor Resources Inc. (TSX VENTURE:EXS), is pleased to announce preliminary exploration results from their 100% owned Devils Lake Property, which is located adjacent to Golden Band Resources 'Bingo' gold deposit. The Bingo deposit is a high grade (10-14 g/T) quartz vein hosted gold deposit which is estimated to contain 81,000 ounces of gold. The Bingo Shear Zone is a major structure that trends predominantly northwest and crosscuts the Devils Lake property.
Geophysical surveys conducted on 58 km of newly orientated grid lines have identified breaks in the magnetic pattern, which are coincident with electromagnetic anomalies and appear to be related to north-northwest shearing. The objective of the current Exploration Program is to further evaluate these newly identified northwest trending anomalies and the direct extension of the Bingo shear zone. Analytical results are pending on over 250 basal till samples that were collected during winter 2005 from along these trends.
Summer 2005 channel sampling at Explor's Pit NE trench returned 23 g/T (0.67 oz/t) Au and 7.6 g/T (0.22 oz/t) Au over 0.3 m and 0.2 m respectively. New sampling at SW-2 returned 10.98 g/T (0.32 oz/t) Au and 11.22 g/T (0.327 oz/t) Au over 0.25 m and 0.2 m respectively. Previous trenching and diamond drilling by Explor (24 holes) discovered anomalous gold at the PIT and SW-2. The best intersections where SW-2 zone: hole 96-19, 15 g/T (0.44 oz/t) over 2 m and the Pit Zone: hole 96-07, 15.6 g/T (0.46 oz/t) Au over 0.4 m.
Geologist, Dr. Andrew Gracie, P.Geo, a qualified person has reviewed the technical information contained in this press release.
Explor Resources Inc., is a publicly traded mineral exploration corporation with properties in Saskatchewan and Ontario. The corporation's shares trade on the TSX Venture Exchange under the symbol EXS.
The press release has been prepared by Explor Resources Inc.
FOR FURTHER INFORMATION PLEASE CONTACT:
Explor Resources Inc.
Randy T. Studer
Vice President
(306) 425-3350
(306) 425-2535 (FAX)
Email: explor@sasktel.net
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.
