Very nice to see gold trading a bit stronger to start the week. Optimistically, the upward trend will continue. The sad reality is the paper market will continue to dictate the price of the commodity, regardless of a diminishing supply, and growing demand in the physical gold market. We're seeing growing opinion amongst the experts that a correction in both the S&P, and Dow is on the horizon. Some are suggesting this will happen as early as 4-6 weeks, and are recommending liquidation, and profit taking over the next 2-3 weeks. That sort of financial event, although brutal for most, is usually good for gold. And, its generally good for any equity with gold.

Given that back drop, there are interesting rumours about Dupont's trip to Timmins last week. Apparently, he was seen in the company of some of the biggest neighbours the Timmins Porcupine West gold Deposit has! He met with at least five separate groups! The rumours are unsubstantiated, so the names of the companies Dupont met with would be just guesses. The point is, Explor's (CVE:EXS) (OTCMKTS:EXSFF) President & CEO appears to be actively searching for a partner, or buyer, for the TPW. These meetings in Timmins may be follow ups to Dupont's trips to Toronto last month? All the intermediate, or senior gold producers operating in the Porcupine Destor Fault Zone, are publicly traded companies. As such, they all have a mandate to increase shareholder value, and ensure a continuous flow of proven up feed material to their mills.

Given the proximity of the TPW gold deposit to most of them, its conceivable there could be a number of bids for the property, especially once the assays are released on the 3,000 meter drill program completed late last month. Once those assay results are incorporated into the Hollinger-McIntyre modelling system, and the 43-101 upgrade completed, they should have a gold deposit worthy of a very serious look by all the majors, & intermediates. As indicated in the past, the TPW has a 2,000 meter Strike Length, open at both ends, and open at depth. Those facts will play heavily in the 'Deposit Potential' thinking of any prospective bidder, and there may be proposals, given the number of 'groups' involved.

NOTE: This forum commentary was published from a third party source. It has not been verified by the company.


About 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.

     

Contact

Christian Dupont, President
Tel: +1-888-997-4630 or +1-819-797-4630
Fax: +1-819-797-1870
Website: www.explorresources.com
Email: info@explorresources.com




Related Companies

Explor Resources Inc.
    


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Financial General Mining Gold