Explorex Resources Inc. (CNSX:EX)

Explorex Resources Inc. (CNSX:EX)

Share Price
$ 0.26
0.02 (8.33 %)
Market Cap
$5.52 m
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Explorex Resources Inc.

Explorex Resources Inc. is a junior mining company focused on the acquisition of projects hosting elements critical to the efficiency of rechargeable batteries. With Cobalt as a main focus, the company has prioritized projects in Finland and several Canadian jurisdictions with historic cobalt production.

Market: CSE:EX
52-week High/Low: C$0.45 / C$0.21
Sector: Mining
Market Cap: $5.52 m
Website: explorex.ca
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Big Picture – A Deep Dive Examination of Explorex Resources Inc.

Explorex Resources Inc. Snapshot

Cobalt-Paragon Project

Explorex has entered into an agreement with Canadian Gold Miner Inc. (private) to acquire a 100% interest in 2 historic targets: high grade gold (Cobalt-Frontenac) and high-grade cobalt + gold (Paragon-Hitchcock); located near the community of Elk Lake. The Elk Lake area began as a mining boom town when native silver was discovered in nearby James township in 1906. Mining activity peaked between 1907 and 1913, when there were about 30 active mining properties in the area. While the historic focus was on silver, there is a well-established association with cobalt mineralization as the geological setting has many similarities to the more exposed and developed Cobalt camp to the southeast.

Silver Dollar Property

The Silver Dollar project covers approximately 10 km of the 40 km long Camborne Fault System (CFS) and is 45 km southeast of Revelstoke, BC. The CFS hosts over 85 mineral deposits and showings, including 18 past producing historic mines of high grade gold & silver + lead and zinc.

Historically, small prospect “miners” exploited only mineralization observed in outcrop and most exploration was fragmented due to a multitude of small claim owners with competing interests. Explorex has assembled the district under its control to carry out a consistent and comprehensive exploration program to integrate historic data within a broader regional framework.

Due to the extent of the property and the diverse nature of mineralization, the project has been subdivided into 3 map segments: Gilman (southern), Mohawk (central) and Goldfinch (northern).

Handlebar Cobalt-Copper-Nickel Project, British Columbia

The Handlebar Co-Cu-Ni Project consists of two claims, totalling 3,638 hectares acquired 100% through staking.  The Project is located approximately 60 km northeast of the city of Kamloops, British Columbia with excellent road access east from BC Highway 5 at Louis Creek along Agate Bay Road.  The claims are situated on the west side of Adams Lake, south-southwest of Agate/Skwaam Bay with gravel road access into the claim group west from Adams Forest Service Road (Figures 1 and 2).

Hautalampi Mine, Finland

Explorex Resources Inc. has executed a Letter of Intent with three private Finnish companies to acquire the development stage Hautalampi Ni-Cu-Co deposit (“Hautalampi” or “Project”) within the renowned Outokumpu Mining Camp of eastern Finland owned by Vulcan Hautalampi Oy (a.k.a. FinnCobalt).

Kagoot Brook

  • Located in north central New Brunswick, 85 km southwest of Bathurst
  • Along the southwest margin of the famous Bathurst Mining Camp; a world class base metal mining district host to 45 known volcanogenic massive sulfide (VMS) deposits
  • 4,233 hectare claim group
  • Excellent access with dense network of forestry roads
  • Option to earn 75% interest


Chrysler Project

Chrysler Lake

The Chrysler Lake project was staked to cover known outcrops of and contact zones of Nipissing diabase, that on strike, hosts a number of cobalt showings. The general area has been overlooked due to limited outcrop and limited access, however regional geophysics and increased access has led to significant competitive staking around the favourable geological contacts

Explorex will carry out prospect mapping, soil sampling, outcrop sampling and geophysics to define early drill targets.


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Bill Wishart, Chairman
Mr. Bill. Wishart, Chairman

Mr. Wishart is a successful executive entrepreneur. He has over 30 years of experience with public companies, corporate finance, business administration, real estate and entrepreneurial environments. He was employed in the securities industry in Vancouver, BC. from 1986 to 2000 as a senior investment advisor for two full service brokerage firms, twelve of those years with PI Financial Corp. During that time he had been directly involved in raising millions of dollars for a range of private and public companies.

Since 2000, Mr.Wishart has been directly involved with public companies, serving various roles including, Presidencies, Directorships, investor relations and corporate finance. He has used his experience and senior contacts in the financial industry to facilitate mergers and acquisitions along with numerous start ups and IPO’s. Mr. Wishart brings extensive skills in investor relations and corporate finance that have enabled him to establish valuable relationships with key players and senior investment advisors in the financial markets.

Gary Schellenberg, CEO, Director
Mr. Schellenberg has been managing and financing public and private resource based companies
for the past 20 years. His experience provides the Company with leadership and well defined corporate goals.

Mike Sieb, President, Director
Mike has been a director and officer of numerous publicly-traded companies and his expertise extends across multiple commodities and jurisdictions. His accomplishments include steering a company through a $20 million acquisition resulting in a $200 million market capitalization in two years; sourced a strategic partnership with a large global lithium product manufacturer; permitted a potash project by the US BLM (only one of 2 permitted in the last 40 years) and while he was President of TSXV listed company, it was named to the TSX50 “Top 10 Mining Companies” for 2 consecutive years. Mr. Sieb holds an MBA and a Bachelor of Science degree in Geology.

Jim Mustard, P.Eng., VP Corp. Development, Director
Mr. Mustard is a seasoned capital markets and mining professional, bringing over 20 years of expertise in business and project development to the Company.

Jim was most recently VP of Investment Banking at PI Financial.  Prior to that he was the President of Canada Zinc Metals and before that was VP and Senior Mining Analyst at Haywood Securities for 11 years.  He has also worked for Barrick Gold, Eldorado Gold, Amax of Canada, Canada Tungsten Mining. Government of Canada and Cyprus Anvil. Through his various tenures, he has reviewed hundreds of projects and companies and has accumulated extensive experience in exploration and development in North and South America.  In addition to a strong technical background, he has developed a considerable capital market and investment network.

Jim is a registered Professional Engineer with the Association of Professional Engineers and Geoscientists of BC.

Jerry Bella, Director
Jerry is a self employed financial consultant presently providing services to a leading China based integrated lithium producer. Since receiving his professional accounting designation in 1979, he has been a director and CFO of numerous private and publicly-traded companies including mineral resource exploration, oil and gas, manufacturing and high-tech companies. Jerry has extensive experience relating to the financial stewardship of Canadian and international mineral exploration projects and is currently overseeing the finances of two major international lithium exploration projects.

Explorex Resources Inc.
Suite 488 – 625 Howe Street
Vancouver, British Columbia
Canada, V6C 2T6

Phone: 604.681.0221
Email: [email protected]

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