Strategic Minerals Corp NL

Published : May 22nd, 2007

Acquires Strategic Property Within Whitney Gold Project Surface Exploration Underway

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Diamond | Gold | Gold Mines | Silver |
Re: News Releases - Tuesday, May 22, 2007
Temex Acquires Strategic Property Within Whitney Gold Project
Surface Exploration Underway


TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") reports that it has acquired
a 100% interest in a key gold exploration property within the existing
Whitney Gold Project boundaries through a purchase and sale agreement
and further reports that it is initiating preliminary exploration on
the property immediately. The property, designated the PAM Property,
is centrally located within the larger Whitney Project in which Temex
has the right to earn a 60% interest from the Porcupine Joint Venture
(a 51:49 Joint Venture between Goldcorp Inc. and Kinross Gold
Corporation; see Temex NR March 31, 2005 for details).

The boundaries of the PAM Property are located less than 1 kilometre
from several significant past producing gold mines or significant
exploration projects on the Whitney Project including the Broulan Reef
Mine, the Reef Open Pit, the Mulholland Shaft Zone, and the Banner
Porcupine Shaft Zone. Ian Campbell, President and CEO of Temex
commented, "The PAM Property is key to the proper evaluation of the
area immediately to the northwest of the Reef Open Pit Zone and Broulan
Reef Mine trends. We already know the property hosts gold
mineralization from the limited amount of previous Diamond drilling.
Furthermore, the very highly anomalous gold values in limited till
sampling in the northwest part of the property are north of the main
Hallnor and Broulan Reef gold bearing horizons and therefore may
indicate there is much more to this story."

Gold mineralization has been reported at a number of locations on, and
in close proximity to, the property including a report by Rollex Mines
Ltd. in 1960 that one drill hole intersected gold mineralization that
included a 0.46 metre interval that assayed 8.23 grams per tonne (g/t)
gold. Drilling by Hollander Mines Ltd. (1964) intersected gold at
different locations with assays up to 4.8 g/t gold over 0.91 metres.
All of the limited Diamond drilling was concentrated in a small area in
the north central part of the property. While Temex cannot determine
the reliability of these historical assays since the work was completed
more than 40 years ago and therefore it should not be relied upon, the
Company considers the data to be relevant based on technical data from
adjacent work.

More recent overburden drilling aimed at till geochemical sampling and
bedrock definition by Mill City completed in 1988 on and near the PAM
Property revealed the presence of very highly anomalous amounts of gold
in till concentrate samples that remain unexplained. One of these till
concentrate samples was found to contain 11,276 ppb gold (11.27 g/t)
near the northwest corner of the PAM Property some 700 metres distant
from the area where the historical Diamond drilling focused and gold
was intersected. Several more till samples from overburden drill holes
in the area on both the PAM Property and the Whitney Project contained
anomalous concentrations of gold that warrant follow-up exploration.

The Company is immediately initiating a program of grid establishment,
geological mapping, geophysics and Diamond drilling on the PAM Property
as part of its exploration efforts related to the Whitney Project as
announced in a press release May 8, 2007.

Terms for purchase of the PAM Property include cash payments of $30,000
in two installments and the issuance of 200,000 Temex shares. A 3% Net
Smelter Returns royalty is reserved to the vendors, with Temex
retaining the right to purchase 50% of the royalty for $1,000,000. The
property purchase is subject to regulatory approval.

Temex, a well-funded Canadian exploration company, is focused on
advancing its gold, silver and Diamond projects in Ontario. For
further information please visit the Temex website or
contact Ian Campbell or Bruce Durham at 416-862-2246.

On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell
President and CEO

*The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release*

Copyright (c) 2007 TEMEX RESOURCES CORP (TME) All rights reserved.
For more information visit our website at or
Message sent on Tue May 22, 2007 at 7:00:34 AM Pacific Time

Strategic Minerals Corp NL

ISIN : AU000000SMC6
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Strategic Min is a producing silver and gold company based in Australia.

Strategic Min holds various exploration projects in Canada.

Its main exploration properties are MAGNUM and PIKE PROPERTY in Canada.

Strategic Min is listed in Australia. Its market capitalisation is AU$ 26.5 millions as of today (US$ 16.0 millions, € 14.4 millions).

Its stock quote reached its lowest recent point on May 05, 2016 at AU$ 0.00, and its highest recent level on October 18, 2019 at AU$ 0.53.

Strategic Min has 69 630 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Financings of Strategic Minerals Corp NL
9/23/2014Calibre Closes $2,000,000 Strategic Financing With Pierre La...
9/17/2014Calibre Announces $2,000,000 Strategic Financing By Pierre L...
Project news of Strategic Minerals Corp NL
2/26/2007Woolgar drilling results identify continuity of Gold Mineral...
Corporate news of Strategic Minerals Corp NL
8/21/20162016 Woolgar Gold Exploration Program Underway (PDF - 245 Kb...
7/29/2016Quarterly Cashflow Report (PDF - 148 Kb)
7/12/2016Change of Registered Office (PDF - 77 Kb)
4/28/2016Passing of Managing Director (PDF - 234 Kb)
1/29/2016Completion of Shortfall Placement (PDF - 82 Kb)
10/27/2015Supplementary Prospectus (PDF - 28 Kb)
10/21/2015Letters to Shareholders (PDF - 164 Kb)
9/3/2015Holding in Company
8/24/2015Tatu Coal Project Update
7/29/2015Quarterly Activities Report and Quarterly Cashflow Report - ...
7/20/2015Director Shareholding
7/16/2015Approval for Change of Control of Tatu Licence
7/15/2015Unmarketable Parcel Share Sale Facility (PDF - 139 Kb)
7/14/2015Total Voting Rights
7/3/2015Annual General Meeting - Clarification of Results (PDF - 77 ...
4/10/2015Grant of Options
3/31/2015Agreement to acquire Tatu Coal Mine
3/30/2015Statement re share price
3/26/2015Holding in Company
1/21/2015Directorate changes
12/22/2014End of Year Update
11/17/2014Final results from 2014 phase 2 dill program - Woolgar (PDF ...
3/28/2014Proposed Entitlement Issue (PDF - 82 Kb)
1/28/2014(RGV:TSX-V) Rio Grande Acquires Strategic Silica Property in...
3/29/2012CNX - Webcast - Confirmed Strategic Direction
1/7/2009Toreador Announces Strategic Moves for Its Turkish Operation...
9/12/2007Begins Drilling at the Timber Copper-Moly Porphyry ProspectC...
5/22/2007Acquires Strategic Property Within Whitney Gold Project Surf...
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
AU$ 0.380
03/27 10:08 -0.020
Prev close Open
0.400 0.380
Low High
0.380 0.380
Year l/h YTD var.
0.380 -  0.460 -17.39%
52 week l/h 52 week var.
0.300 -  0.530 5.56%
Volume 1 month var.
5,333 -5.00%
24hGold TrendPower© : 34
Explores for
Interactive chart Add to compare
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 3.41-10.03%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 1.80-0.83%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 1.82-5.94%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 0.68-8.11%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 0.61-6.15%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.01+0.00%Trend Power :
Closes Bridge Loan Financing
CA$ 1.30-3.70%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 0.28-3.45%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 5.19-7.32%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.04+14.29%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.07-6.67%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-12.68%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 6.29-14.54%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.02-16.67%Trend Power :