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UPDATE: Explor Resources Updates Resource Estimate for Timmins Porcupine West; Shares Dive to New 52-Week Lows

Explor Resources Inc. (EXS.V) completed its updated mineral resource estimate for the Timmins Porcupine West Gold Property located in Bristol and Ogden Townships 15 kilometers from downtown Timmins, Ontario.

Drilling to December 2012 has yielded an increase of 40% in indicated ounces and 119% increase in indicated tonnes over the June 2012 resource. Additional near surface planned drilling is expected to further increase the potential open pit-able resource.

EXS dropped 21% to $0.055. It has touched a new 52-week low of 5 cents today.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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