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Experts Commenting on This Company
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Explor Resources Inc.TICKER: EXS:TSX.V
Explor Resources is a gold and base metals exploration company with mineral holdings in Ontario, Quebec and Saskatchewan. The company is currently focused on exploring in the Abitibi Greenstone Belt of Ontario and Quebec, where more than 180 Moz. gold and more than 450 Mt. Cu-Zn ore have been found to date. Explor's total land position in the Belt is approximately 21,800 hectares. The company also owns 1,991 hectares of mining claims in Saskatchewan and 250 hectares in New Brunswick. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Analysis
Greg McCoach, Mining Speculator (2/1/12) "Explor Resources Inc. announced assays from recent drilling on the Timmins Porcupine West project and the news was very good. . .once again it hit gold in all of its drill holes, but hole 60 hit a stellar 114.8 g/t gold over 7.8m. . .slowly but surely the company continues to build the case that it is on to a major discovery; with each set of new drill results, it is getting closer and closer to where a major will have to partner or take it out."
Greg McCoach, Mining Speculator (1/30/12) "It wouldn't surprise me in the least if Explor Resources Inc. finally hit a glory hole of some sort; its flagship property is going to be a winner and its NI 43-101 numbers keep growing. As this happens, the majors will be forced to take a much closer look because the Porcupine project has big written all over it. . .the company is on a good course now and will bring many new investors to the table in the coming months as the good news keeps coming. . .Explor is a Buy at current levels."
Greg McCoach, Mining Speculator (12/6/11) "Shares of Explor Resources Inc. have suddenly taken a turn for the better on good news from an initial NI 43-101 resource calculation. . .the news caught the market by surprise, as the numbers were much higher than expected. The company reported it has mineral resources at a 2.2 g/t cutoff grade as follows: Indicated 127 Koz (770 Kmt at 5.13 g/t Au), Inferred: 704 Koz (5.523 Mmt at 3.97 g/t Au). . .this is very significant news when you understand that these numbers only take into consideration 35 of the 84 holes thus completed. . .in my opinion, the stage is now set for some new interesting dynamics to take hold of Explor and push the share price to much higher levels."
Greg McCoach, Mining Speculator (8/25/11) "Explor Resources Inc.'s primary objective is to advance the Timmins Porcupine West (TPW) project and attract interest from a major with deep pockets. . .after the financing the company will continue to evaluate all their results and prepare to go to the next steps at TPW. I am staying with the story as I believe something is going to happen at TPW sooner or later. . .the company continues to drill at TPW and our story could change in a heartbeat with one exceptional drill hole. . .with exploration drilling on a big target like the TPW you never know what can happen until it does. . .Explor remains a Buy at current levels."
Greg McCoach, Mining Speculator
(6/24/11)
"Shares of EXS have softened considerably from recent highs making investors nervous. However, this has nothing to do with the quality of the project and mostly to do with current market conditions. . .Ethos Capital has produced some very good results in the last few announcements, but the market continues to ignore these results. The latest news came out today and reported 20m of 4 g/t gold. . .it sounds like we are building a nice resource based on the last 12 months of results, but the market just doesn't seem to care. This more than anything is causing investors concern. From my standpoint, I believe the problem is a market-perception issue.
We keep hitting the mineralization; we just need a bit of luck to help us get over the hump and on our way. The summer drill program continues at TPW and assays will continue to be released. I feel that one of these times we are going to hit a big zone. For me, it is still worth waiting on such an exciting exploration story because, if successful, it could be one of the biggest discoveries in a long time."