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Belief in VMS Theory keeps Explor drilling around Kidd Mine

By Gregory Reynolds, Mining Life

Oct 28, 2017



Belief in the “Cluster Effect of VMS (Volcanogenic Massive Sulfide) Deposits” is the basis of Explor Resources Inc.’s search around the fabulous Kidd Creek base metal mine in the City of Timmins.

Kidd Operations, as it is known today, is the best known VMS discovery. The deposit was discovered in 1963 and in production since 1966.

Explor’s group of properties are located to the north, south, west and east of the Kidd Mine’s Open Pit in Kidd Township, located approximately 20 km north of the centre of Timmins. Explor’s Kidd Township’s properties have a land position that cover an area of approximately 2,805.20 hectare.

A topographical feature in the area is the Open Pit located in the central portion of Explor’s Kidd Township properties.

Explor completed a geophysical program consisting of mag and max/min to better define the targets in December 2016 and in March started a 3,000 metre diamond drill program. Exploration drilling completed by Explor prior to March 15 revealed a major fault structure running to the west of the Open Pit in a NW-SE direction. The company says “a thorough review of all existing geophysical data appears to support these findings. Drilling by Falconbridge in 1998 to the southeast of the Open Pit (Hole # K26-01) returned 4.7m in which 4 of the 5 samples returned zinc values from 4200 – 8900 ppm and copper values that ranged from 700 – 2280 ppm. The Magnetic Anomaly associated with these results appears to continue onto Explor’s property holdings.”

It also says “a series of untested AEM (airborne electromagnetic) conductors detected on the Kidd Township Group of Properties to the north, south, east and west of the existing Open Pit clearly warrant further investigation.”

Well known examples of the cluster effect of VMS Deposits are the Bathurst Mining Camp where 47 deposits have been found to date, including the Brunswick No.12 and the Brunswick No.6 Mines where more than 130,000,000 tonnes of base metal ore has been produced to date; and the Noranda Mining Camp where 18 deposits have been found to date, with 68,100,000 tons of Base Metal Production from the Horne Mine and Quemont Deposits alone.

The presence of mafic and felsic rocks on the Kidd Township Group of Properties with anomalous zinc and copper supports the opinion that additional VMS Deposits exist within the group. Explor 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 Québec with approximately 33% in Ontario and 67% in Québec. 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.

Explor’s flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine Mining Camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property.

In February, Explor announced the acquisition of 6 mining claims (16 mineral claim units) situated in Ogden Township, Porcupine Mining Division, District of Cochrane, Ontario. These claims are located to the north and east of the company’s Ogden Property. Highway 101 West is north of the property and provides excellent access to Timmins. The claims were acquired because of encouraging results obtained in Explor’s past exploration on this property.

With this acquisition, the Ogden Property now consists of 21 mining claims (115 mineral claim units) covering 1,844 hectares. The Ogden Property has been previously explored by Hollinger Mines, Tex-Sol Exploration, Inmet Mining Corporation, Amax Mineral Exploration, Noranda Exploration and Knick Exploration.

The preliminary exploration program conducted by Explor consisted of six NQ holes for a total of 3,648 metres of diamond drilling. The holes averaged 600 meters in length.

The property was found to have contained favourable geology to host gold mineralization.

On April 3 Explor announced that it had closed a first tranche of a nonbrokered private placement of a maximum of $900,000. The placement consists of a total amount of 900 units at a price of $1,000 per unit, each unit consisting of a capital amount of $1,000 of unsecured convertible debentures and of 6,667 common share purchase warrants of the corporation. The debentures bear interest at an annual rate of 8% and expire in two years from each closing of the placement.

On March 16, Explor announced further results from the 12 diamond drill holes completed on its Chester Copper Property. It is located in Northumberland County, 70 km southwest of Bathurst, New Brunswick and 50 km west-northwest of Miramichi, within the Bathurst Mining Camp (BMC). This area has an extensive history in base metal production from VMS deposits.