Base Metals


Xplore Resources Announces Phase 1 2021 Exploration Program

Xplore Resources Corp. (TSXV: XPLR) ("Xplore or "the Company"), is pleased to announce Phase 1 2021 exploration programs at the Company's Upper Red Lake Gold Project ("Upper Red Lake") and the Pringle Lake Property ("Pringle Lake") both located in the Red Lake Mining Division, Ontario and the Valk Copper Project ("Valk"), located on Vancouver Island, British Columbia.

Xplore considers both Red Lake properties historically underexplored. The initial airborne survey is scheduled for early August after which the Company plans to mobilize exploration crews to the properties. The Phase 1 program at Upper Red Lake and Pringle Lake will consist of a heliborne high-resolution magnetic ("MAG") survey flown in a systematic low-level grid pattern with full high-resolution covering the entirety of both properties.

The high-resolution survey will better define mineralization and aid in future drill targeting for the next phase of exploration. In addition, the survey is expected to better define the geometry and structural controls on mineralization and will aid in the identification of major litho-structural features.

The airborne survey has been contracted to Prospectair Geosurveys Inc. based in Gatineau, Quebec who are expected to mobilize to the properties in early August.

Cannot view this image? Visit:

Map 1

To view an enhanced version of this map, please visit:

The Phase 1 program on the Valk will follow up the 2020 exploration and shall either extend the existing soil geochemistry grid to the southeast or an initial airborne survey of the property.

"We are incredibly pleased to commence exploration of our properties in the Red Lake camp. The Red Lake camp has produced over 25 million ounces of gold and is currently home to some of the most exciting exploration discoveries in Canada, demonstrating the potential of this historic district. We believe that additional discoveries are inevitable. Gold in till sampling, conducted by the Geological Survey of Canada ("GSC") in the early 1990s, identified gold in till at the Upper Red Lake property. Over 50% of all observed gold grains were described as pristine; suggesting minimal transport of the observed gold grains which, by extension, suggest the sample location is within a few hundred meters of the source. The gold in till anomalies identified by the GSC describe an east to west strike over a 4.0 km distance, a compelling exploration target."

"Our Pringle Lake property lies along the South Arm structure, a recently interpreted by the Ontario Geological Survey as a third, deep seated fault structure. Similar deep seated structures have been observed at both Red Lake as well as the Dixie discovery where drilling by Great Bear Resources continues to indicate another potential high value discovery in the Red Lake camp," said Wes Hanson, President and CEO of Xplore Resources.

"At our Valk property in BC, current soil geochemical data has defined a 500 meter wide by 3000-meter-long copper in soil anomaly coincident with a major, northwest trending regional structure that can be traced to the southeast to Island Copper Mine. We are currently evaluating the potential benefits of an initial airborne survey versus continued soil geochemistry at Valk," continued Hanson.

Cannot view this image? Visit:

Map 2

To view an enhanced version of this map, please visit:

Pringle Lake Gold Project

The Pringle Lake Gold Project is located approximately 50 kms north of Red Lake ON., consists of 78 contiguous cells covering 1,560 Ha along what is interpreted to be a deep seated, N-S trending structural break extending north from Red Lake. Similar deep seated structural breaks have been identified proximal to the historical mines in Red Lake as well as near recent new gold discoveries in the district. Data in the Ontario Geological Survey archives suggests that favourable host rocks are present within the property claim package, but modern exploration is extremely limited to date.

Upper Red Lake Gold Project

The Upper Red Lake Gold Project consists of 12 contiguous mineral claims (1,750 Ha) located in the Birch-Uchi Greenstone Belt, within the Red Lake Mining Division of Ontario. The project, located approximately 60 kilometers ENE of Red Lake ON, is road accessible and largely lies along the NW boundary of Prosper Gold Corporations ("Prosper"), Golden Sidewalk Project. Prosper has identified several W to WNW trending anomalous gold trends within their land package, many of which to trend on to the Upper Red Lake claim package.

Valk Project

Xplore's 100% owned Valk copper-gold project (1,614 Ha) is located in the Nanaimo Mining Division, British Columbia, approximately 20 Km NW of Port Hardy. The Project is road accessible via an extensive network of provincial highways, local roads, and logging roads. Soil geochemistry and surface rock sampling have identified anomalous copper, vanadium, and gold mineralization within rocks of the Karmutsen Formation. Valk is located 25 km north of the former Island Copper Mine (reported historical production 367 Mt @ 0.33% Cu - Ref. BC Minfile 092L 158) and the North Island Copper and Gold Project (Indicated resource of 304 Mt @ 0.21% Cu - Ref. BC Minfile 092L 240).

About Xplore Resources (TSXV: XPLR)

Xplore Resources is a Toronto based mining exploration company listed on the TSX Venture Exchange under symbol XPLR and is focused on the acquisition and development of copper and gold projects in the Americas. The Company is led by a highly experienced management team and is comprised of industry experts with executive and senior management experience in geology, banking, private equity, investor relations and law.

Qualified Persons

Mr. Wes Hanson, P. Geo., President & CEO of Xplore and registered in the Provinces of Ontario is the "Qualified Person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and is responsible for the technical contents of this news release and has approved the disclosure of the technical information contained herein.

For additional information, please visit the Company's website at


"Wesley C. Hanson"
President & CEO

For further information, please contact:

Phone: +1 647-362-9675


Notice on forward-looking statements:

Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Xplore cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Xplore's control. Such factors include, among other things: risks and uncertainties relating to Xplore's ability to complete the proposed Transaction; and other risks and uncertainties, including those to be described in the Filing Statement to be filed by Xplore on Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Xplore undertakes no obligation to publicly update or revise forward-looking information.


To view the source version of this press release, please visit

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Alvo Minerals

Agreement To Acquire Potential Tier 1 Ionic Clay Bluebush Rare Earth Project

Alvo Minerals Limited (ASX: ALV) (“Alvo” or the “Company”) is extremely pleased to announce the signing of a binding agreement to purchase the highly prospective Bluebush REE Project (“Bluebush” or the “Project”), located on the northern half of the Serra Dourada granite, host of the Serra Verde Ionic Clay REE deposit (“Serra Verde”).
Keep reading...Show less
Culpeo Minerals

Culpeo Minerals Discovers Additional Surface Copper At Vista Montana

Culpeo Minerals Limited (“Culpeo” or the “Company”) (ASX:CPO, OTCQB:CPORF) is pleased to announce detailed mapping has identified a new 800m x 700m outcropping copper bearing sheeted vein and breccia system at the Vista Montana Prospect, within the Lana Corina Copper and Molybdenum Project (the “Project”) in Chile.

Keep reading...Show less
American West Metals

Assays Confirm Outstanding Copper Intersections At The Storm Copper Project, Canada

American West Metals Limited (American West or the Company) (ASX: AW1 | OTCQB: AWMLF) is pleased to provide an update on the drill program at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut.

Keep reading...Show less

Ivanhoe Mines Announces Kamoa-Kakula Achieved Record Copper Production of 35,856 Tonnes in May

Monthly copper production equivalent to annual production of approximately 430,000 tonnes

New daily ore milling record achieved at Kamoa-Kakula, equivalent to an annual rate of approximately 9.8 million tonnes

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Alvo Minerals

Alvo Minerals Limited (ASX: ALV) – Trading Halt


The securities of Alvo Minerals Limited (‘ALV’) will be placed in trading halt at the request of ALV, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 7 June 2023 or when the announcement is released to the market.

Keep reading...Show less

Independent Proxy Advisory Firms, ISS and Glass Lewis, Support Hudbay's Plan of Arrangement with Copper Mountain and Recommend Shareholders Vote "FOR"

  • The transaction makes "strategic sense" as it increases scale, diversification and could result in a valuation re-rating
  • Have questions or need help voting? Contact Kingsdale Advisors:
    • Hudbay Shareholders at 1-855-682-2031 (toll free in North America)
    • Copper Mountain Shareholders / CDI holders at 1-855-682-2031 (toll free in North America)
    • or email
  • Visit or for more details

Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX, NYSE: HBM) and Copper Mountain Mining Corporation ("Copper Mountain") (TSX: CMMC) (ASX: C6C) are pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis"), have recommended that shareholders vote FOR the previously announced transaction whereby Hudbay will acquire all of the issued and outstanding common shares of Copper Mountain pursuant to a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the "Transaction").

Both ISS and Glass Lewis are leading independent proxy advisory firms who, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual funds, and other institutional shareholders. The recommendations are consistent for both Hudbay and Copper Mountain resolutions in connection with their respective special meetings of shareholders scheduled to be held on June 13, 2023.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News