EXSFF.....Gold continues to strengthen, as confidence in the equity markets wanes worldwide. With a known resource of 1,000,000 ounces of gold at the Company’s flagship ‘Timmins Porcupine West’ property, interest in Explor’s stock appears to be growing. On the Toronto Venture Exchange, EXS has achieved a number of new highs during the past few weeks, recording trades as high as $0.15 (Cdn) during yesterday’s session.
Significantly, the US side, under the symbol EXSFF, is recording growing volumes and higher prices as well, trading 152,000 shares yesterday to a new high of $0.1112(US).
With many gold price predictions running as high as $2,500US per ounce ‘later this year’, I truly believe we are seeing just the humble beginning of a meaningful run up on Explor’s stock price. I was one of the buyers at .15 Cdn, as I was at .025 when I started accumulating a year and a half ago.
Although slow as molasses, the results of additional strategic drilling completed by our senior partner at the TPW, Teck Resources (TCK. should be in hand next week. It’s very possible these results could impact the known resource numbers to the upside.
I’ve learned that the deep horizontal drilling done by Glencore was in a westerly direction from the existing mine shaft. Explor’s property lies adjacent to the Kidd Mine…to the west! Roadwork to the intended drilling location and site preparation are well underway. Glencore must truly be stressed, formulating a reaction??