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Explorex Resources to start drill program in New Brunswick mine

Last updated: 23:45 17 Dec 2018 AEDT, First published: 23:42 17 Dec 2018 AEDT

miner holding diamond
Explorex Resources is initiating a pre-Christmas drilling program

Explorex Resources Inc. (CSE:EX) (OTC:EXPXF) announced Monday that crews have been mobilized to initiate the maiden drill program at the cobalt-manganese base metals Kagoot Brook project in New Brunswick.

Explorex said it is taking advantage of a window of opportunity presented by a local drill company to complete two holes prior to the Christmas break.

This initial two-hole, 500-meter drill program is limited in scope and designed to drill one partial transect across the target.

Due to the near-Christmas timing of the drill program, it is anticipated that the core will be processed when the technical crew returns to the project in the new year, with results reported thereafter.

No drilling has ever been conducted and no source of the historic geochemical anomalies is known on the property.

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Follow-up silt sampling programs performed by the company showed a significant concentration of cobalt with manganese and associated base metals such as nickel, copper, lead and zinc. 

The relative percentage of the cobalt to manganese indicates a favorable high cobalt grade component.

The project area is blanketed by a thin till cover with little or no outcrop and the in-stream silt grade cut-offs are interpreted to closely reflect the southern contact of the underlying mineralized horizon.

Explorex is an exploration company focusing on cobalt and metals critical to rechargeable battery technology with the support of a strong strategic partner and end user.

Contact Rene Pastor by rene.pastor@proactiveinvestors.com