Explor Grants Stock Options
September 17 2018 - 4:31PM
Explor Resources Inc. (“Explor” or the “Corporation”)
(TSX-V: EXS, OTCQB: EXSFF, FSE: E1H1) announces today that
it has granted an aggregate of 5,300,000 incentive stock
options to directors, officers and consultants of the Corporation
pursuant to its stock option plan. These stock options will allow
to acquire shares of the Corporation at a price of $0.05 per share
and will expire on September 17, 2023.
Explor Resources Inc. is a publicly
listed company trading on the TSX Venture (EXS), on the OTCQB
(EXSFF) and on the Frankfurt and Berlin Stock Exchanges
(E1H1).
This Press Release was prepared by Explor.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the Policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
About Explor Resources
Inc.Explor Resources Inc. is a Canadian-based natural
resources company with mineral holdings in Ontario, Québec,
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. The Corporation was continued under the laws of
Alberta in 1986 and has had its main office in Québec since
2006.
Explor Resources Flagship project is the Timmins
Porcupine West (TPW) Project located in the Porcupine mining camp,
in the Province of Ontario. The TPW mineral resource (Press Release
dated August 27, 2013) includes the following:
Open
Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as
follows: |
|
|
|
|
Indicated: |
213,000 oz
(4,283,000 tonnes at 1.55 g/t Au) |
|
Inferred: |
77,000 oz
(1,140,000 tonnes at 2.09 g/t Au) |
|
|
|
Underground Mineral Resources at a 1.70 g/t Au cut-off
grade are as follows: |
|
|
|
|
Indicated: |
396,000 oz
(4,420,000 tonnes at 2.79 g/t Au) |
|
Inferred: |
393,000 oz
(5,185,000 tonnes at 2.36 g/t Au) |
This document may contain forward-looking
statements relating to Explor’s operations or to the environment in
which it operates. Such statements are based on operations,
estimates, forecasts and projections. They are not guarantees of
future performance and involve risks and uncertainties that are
difficult to predict and may be beyond Explor’s control. A number
of important factors could cause actual outcomes and results to
differ materially from those expressed in forward-looking
statements, including those set forth in other public filling. In
addition, such statements relate to the date on which they are
made. Consequently, undue reliance should not be placed on such
forward-looking statements. Explor disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
save and except as may be required by applicable securities
laws.
For further information please
contact:
Christian Dupont, President
Tel: 888-997-4630 or 819-797-4630 Fax:
819-797-1870 Website:
www.explorresources.com Email:
info@explorresources.com
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