At least two Confidentiality Agreements have been signed with Explor (CVE:EXS) (FRA:E1H1) (OTCMKTS:EXSFF) in the past two months. A couple of other CA's are in legal process.
Explor Resources Inc.
Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) 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 Corporation was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.
If you've ever been in a hurricane, there is a pronounced lull, where the winds die down for a few seconds, and everything gets eerily quiet. That lasts for a minute or two, and then the full rage of the storm unleashes. Explor (CVE:EXS) (FRA:E1H1) (OTCMKTS:EXSFF), both in the market for the stock, and corporately, appears to be in such a lull.
Explor Resources Inc. ("Explor" or the "Corporation") (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with the Matachewan First Nation of Matachewan, Ontario and the Mattagami First Nation of Gogama, Ontario (the "First Nations"), with respect to the Montrose Property.
Recently, some opinion suggests that value will see a retracement, representing a great opportunity to buy into physical gold, futures contracts, and gold equities.
All the large, & intermediate GOLD producers in the Timmins, & Duparquet Camps are actively seeking out sensible, & ultimately profitable property acquisitions to ensure feed for their hungry mills.
Mining exploration is a long, and incredibly complex process. Looking at the Company's Timmins Porcupine West gold resource, recent drilling added a lot of credibility to an Open Pit start up scenario.
I'm just baffled by the recent trading activity in Explor. Gold is in the USD$1,330 range, and Copper USD$3.11. Those prices, when considered in relation to the Timmins Porcupine Gold Deposit, and the Chester Copper Deposit in New Brunswick, should easily suggest a minimum $30-40million Market Cap.
Most of us are aware of Tahoe Resources' very serious problems at their massive Escobal silver mine in Guatemala. Beginning in June, local protesters initially blocked access to the silver deposit, and over the past couple of months, gained the support of the courts to shut down operations. With no solution in sight, the future of the mine appears quite grim.
Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) announces today that it has granted an aggregate of 4,900,000 incentive stock options to directors, officers and consultants of the Corporation pursuant to its stock option plan.
Both of the following interviews were conducted after the NR last Friday outlined the results of the drilling program at Explor's Timmins Porcupine West gold deposit.