$EXSFF...MORE MEETINGS IN TORONTO? Back to Toronto
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Posted On: 06/12/2017 4:00:06 PM
$EXSFF...MORE MEETINGS IN TORONTO? Back to Toronto? More meetings? I’m hearing our President & CEO Chris Dupont will be back in Toronto this Wednesday through the end of this week for ‘meetings’. No matter how hard I’ve tried, I can’t get any details out of him, as to who he is meeting with, or why? He won’t even offer a hint for me to ponder on. So, the BIG question then, what would inspire a need to travel, that couldn’t be handled by phone, email or Skype? Again, who is headquartered in Toronto? Goldcorp, Kirkland Lake, Osisko, IAMGOLD, & Detour GOLD. Conjecturing a bit, Goldcorp appears to have the greatest motivation to make a deal on the Company’s Timmins Porcupine West GOLD Deposit, for two major reasons. Firstly, they already hold a 3% NSR (Net Smelter Return) on the TPW. Secondly, they are on the front end of a massive $2Billion, 50,000 Ton Per Day GOLD Mill development, and will need proven up feed. Looking at the entire region, the TPW is the closest GOLD Resource to the proposed new mill development. Explor’s current drilling program on the TPW will enhance the ‘Open Pit’ potential of the known GOLD Deposit. I find it interesting that Dupont is doing this at the eastern end of the deposit, minimizing the distance to the new Goldcorp mill? Further, Dupont recently ‘scooped’ some claims, enhancing the PG-101 Property Block. (NR May 24th, 2017, http://explorresources.com/assets/docs/news/P...85%29.pdf). My grapevine has suggested Tony Makuch, & Eric Sprott of Kirkland Lake GOLD were also after those claims, so is Dupont negotiating a deal with them on the PG-101? Looking eastward to the Company’s East Bay Property Block at Duparquet, in Quebec, virtually surrounded by IAMGOLD, is he negotiating a deal on those claims with them? Any one of these scenarios will inspire massive new, & renewed interest in EXS/EXSFF/E1H1, moving the Stock Price forward. I added significantly to my position last week, and am buying more this week.
The drilling at the TPW is progressing nicely. Step-Out Holes #124 & #125 have been completed to a depth of 600meters (1,968ft). Existing Hole #109 has been deepened to 900meters. Existing Holes #101, 102, 103 & 104 are in the process of being deepened to 600meters. Optimistically, the first results could be in the Company’s hands by the end of next week. With visible indications of shear zone intercepts in the core extracted to date, the 43-101 Resource Update Report should be out in the next 2-3 months showing enhanced GOLD ounce estimates. Geologists are also continuing their preliminary work at East Bay, detailing outcrops, and performing ground survey work, in preparation for drilling later this summer.
The drilling at the TPW is progressing nicely. Step-Out Holes #124 & #125 have been completed to a depth of 600meters (1,968ft). Existing Hole #109 has been deepened to 900meters. Existing Holes #101, 102, 103 & 104 are in the process of being deepened to 600meters. Optimistically, the first results could be in the Company’s hands by the end of next week. With visible indications of shear zone intercepts in the core extracted to date, the 43-101 Resource Update Report should be out in the next 2-3 months showing enhanced GOLD ounce estimates. Geologists are also continuing their preliminary work at East Bay, detailing outcrops, and performing ground survey work, in preparation for drilling later this summer.
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