Explorator Resources Inc. announce that it continues to intersect significant copper-gold mineralization in its Phase Three 30,000 meter drilling program at the El Espino Project in Chile.

The drilling program in the Rachel area is designed to upgrade resources from the inferred to indicated category as well as extend the resource area.

“Results recently received demonstrate continuity of higher grade copper-gold mineralization along the multiple, stacked mantos and contribute towards upgrading the resources. Micon International will include this data in their new resource calculations currently underway. These will be incorporated in the scoping study,” stated David O’Connor, President and CEO of Explorator Resources.

The initial NI 43-101 mineral resource estimate on the El Espino part of the deposit, audited by Micon International (see press release dated February 27, 2008) described: (1) oxide mineralization containing 11.1 million tonnes grading 0.63% Cu and 0.17 g/t Au in an indicated category and 11.5 million tonnes grading 0.46% Cu and 0.27 g/t Au in an inferred category; and (2) sulphide mineralization containing 0.6 million tonnes grading 0.91% Cu and 0.39 g/t Au in an indicated category and 77.2 million tonnes grading 0.63% Cu and 0.18 g/t Au in an inferred category. The resource is being updated by Micon to include the 25,000 meters of additional drilling completed so far in 2008. These updated resource figures will be included in the scoping study.

About Explorator Resources

Explorator Resources is a Canadian-based mining exploration company focused on advancing its El Espino Copper-Gold Project in Chile. The Company is currently completing a Phase III 30,000 meter drill program, the results of which will update the current NI 43-101 mineral resource estimate and is completing a scoping study on the Project’s oxide mineralization. The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa and is central to an important cluster of “Candelaria-style” copper-gold deposits. It is located 3.5 hours drive north of Santiago. The El Espino project block covers 75 square kilometres and is host to major gold and copper mineralized structures on which nine small operating mines have been developed.

This entry was posted by Gold Mining on Tuesday, November 11th, 2008 at 9:18 pm and is filed under Copper, Gold, Gold Mining Companies. Tags: Chile, Company, Copper, David O'Connor, Drilling, Explorator Resources Inc., Gold, Gold Mine, gold miner, INCO, Mine, mining, North, Resources, Resources Inc., Santiago, Spin. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.