Explorex Resources Inc. has planned to conduct a comprehensive exploration program, at the Kagoot Brook Co-Mn-Base Metals project in New Brunswick, consisting of a detailed geophysical survey followed by a 2,000m drill program. Historical work at Kagoot Brook has delineated two drainages, two kilometres apart, that exhibit a series of remarkably anomalous cobalt values up to 6,000 ppm in the silts. Recent follow-up stream silt sampling programs performed by the company revealed: a significant concentration of and a strong relationship of cobalt with manganese and associated base metals (nickel, copper, lead and zinc); the relative percentage of the cobalt to manganese indicates a favourable high cobalt tenor; and a distinct upstream cut-off of the cobalt mineralization. The project area is blanketed by a thin till cover with little or no outcrop and the in-stream silt grade cut-offs are interpreted to closely reflect the southern contact of the underlying mineralized horizon. The grade cut-offs align well with stratigraphy adding confidence to the >2 km inferred potential length of mineralization along the geological trend. The company took advantage of a window of opportunity and completed two holes for a total 500 metres prior to the Christmas break. This initial two-hole drill program was limited in scope and designed to drill along one transect across the target stratigraphy within the 4 x 1 kilometre target area. The processing of the core is complete and results should be available mid to late February. The planned exploration program will consist of comprehensive geophysical coverage of the target area followed by a 2,000m drill program.