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Xplore Resources

TSXV:XPLR

High Potential, Early-Stage Metals Exploration in BC

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Overview

It’s no secret that finding high-potential, early-stage mining companies is a real challenge. And unlike tech’s unicorns and high valuations, few industries require the perfect mix of experience, funding and strategy quite like the mining sector. Success in the mining industry is all about accurate sampling and data, execution, timing and favorable market conditions.

Xplore Resources (TSXV:XPLR) is an early-stage company that is focused on giving stakeholders the chance to invest on the ground floor in the copper sector and other precious metals sectors as they continue to expand their portfolio. The company’s management team leverages decades of executive and senior management experience across all aspects of mining and production — including exploration, discovery, mine construction and operation — to find and build high-value projects.

The company’s fully owned Valk project is located in the prolific Nanaimo Mining Division of British Columbia. The project consists of 1,614 hectares situated roughly 20 kilometers northwest of Port Hardy and 25 km northwest of the historic Island copper mine, the second largest of its kind in Canada, as well as the prolific North Island copper and gold project.

The nearby Island mine produced 345 tonnes of the increasingly precious metal at average grades of 0.41 percent copper, 0.017 percent molybdenum, 0.19 percent gold and 1.4 grams per tonne (g/t) silver. The mine remained in operation for a period of over 26 years. The North Island copper-gold project, located 25 km southwest of the Valk project, encompassed the Hushamu and Red Dog deposits, which carried a National Instrument 43-101 resource estimate of 305 tonnes at 0.24 percent copper, 0.28 g/t gold and 0.008 percent molybdenum in the Indicated category, and 189 tonnes at 0.19 percent copper, 0.24 g/t gold and 0.007 percent molybdenum in the Inferred category.

The Valk property is dominated by rocks belonging to the Triassic-aged Karmutsen Formation, which overlies the Sicker Group, a lower metavolcanic rock unit that hosts a number of base metal-rich mineral deposits, including zinc, copper, gold and silver. The Sicker Group underlies Myra Falls, the site at which 1 million tonnes of ore are mined per year, including 102,000 tonnes of zinc concentrate, roughly 60,000 tonnes of copper concentrate and 14,000 to 38,000 ounces of gold.

Historical geochemical and rock sampling at the Valk property indicate the presence of geologic markers closely associated with known copper-gold porphyry discoveries in the surrounding area. Mineralization defines a northeast trend encompassing an estimated 4 km in strike length. The project benefits from significant infrastructure and easy access through an extensive network of provincial highways, local roads and logging roads. Xplore Resources is managed by a team of industry veterans with decades of expertise across all aspects of mineral exploration, resource and reserve estimation, project evaluation, development, construction and operations. The Canada-based company balances risk by maintaining a regional focus on the Americas and targeting underexplored regions within established mining jurisdictions that present strong mineralization opportunities.


Xplore Resources’ Company Highlights

  • Xplore Resources is an early-stage mining exploration company led by a team of industry veterans with decades of experience across all aspects of mining and production.
  • The company’s fully owned Valk project consists of 1,614 ha in British Columbia’s Nanaimo Mining Division.
  • The project is located 25 km north of the historic Island copper mine, the second largest copper mine in Canada, and 25 km southwest of the prolific North Island copper-gold project.
  • The property is dominated by Triassic-aged rocks that overlie the Sicker Group, a lower metavolcanic rock unit that hosts a number of base-metal-rich deposits, including Myra Falls.
  • Xplore Resources acquired 100% interest in Baru Exploração Mineral Ltda. ("Baru"), a Brazilian limited liability company.
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