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Re: News Releases - Tuesday, September 11, 2007
Temex Announces Commencement of
Diamond Drilling on Juby North
Gold Project
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NEWS RELEASE NR12-2007
TSX Venture Exchange:TME, Frankfurt Exchange:TQ1
TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") is pleased to announce that a
1000 metre
Diamond drill program has commenced on its Juby North gold
Property located 20 kilometres west of Gowganda, Ontario. The drill
program will test several gold zones which are localized within
interpreted splay fault structures north of a flexure in the main
auriferous Tyrrell Structural Zone ("TSZ"), deemed a favourable
geological environment for high grade gold deposits. The drill program
is part of a $250,000 approved exploration program that will consist of
soil geochemical sampling, geophysics, geological mapping, prospecting,
and two phases of
Diamond drilling.
The geological setting is similar to many Archean gold deposits,
including those of the Porcupine and Larder Lake gold camps, with gold
deposits in the immediate area associated with the TSZ, a major
deformation zone similar to the Destor Porcupine Fault and
Cadillac-Larder Lake breaks. The TSZ hosts the Juby Main Zone, a
significant NI 43-101 gold resource (Temex NR February 16, 2005;
www.sedar.com) on Temex's 100% owned Juby Lease Property. The gold
resource at the Juby Lease Property includes a total drill indicated
resource of 479,000 ounces of gold grading 1.71 g/t gold at a cut-off
grade of 1.0 g/t gold, including a core of 315,000 ounces of gold at
2.19 g/t gold, and a total inferred resource of 120,000 ounces of gold
grading 2.03 g/t gold at a cut-off grade of 1.5 g/t gold. This
resource is contained from surface to a vertical depth of 400 metres
and is unexplored at depth.
The current drill campaign will test for depth and strike extensions of
new discoveries made by the Partners in 2004, which yielded
intersections of up to 3.24 g/t gold over 2.24 metres including 5.85
g/t gold over 1.11 metres and a separate interval which yielded 5.18
g/t over 1.71 metres including 6.96 g/t gold over 0.92 metres. Both of
these intervals were contained in a broader auriferous zone that
averaged 0.89 g/t gold over a core length of 29.85 metres (JU 04-64).
This zone is open in all directions and is associated with a 650-metre
long induced polarization ("IP") chargeability anomaly with a
coincident gold in soil geochemical anomaly.
Drilling will also test the depth extension of hole JU 04-57 which
intersected 4.77 g/t gold over 4.91 metres within a broader gold
bearing zone which yielded 1.19 g/t gold over a core length of 29.53
metres. This drill hole tested the western extension of the TSZ two
kilometres along strike to the west of the gold mineralization hosted
within the Juby Main Zone and 400 metres to the west of where Inmet
Mining Corp. previously intersected 234 g/t gold over a core length of
1.5 metres. Further to the west along the TSZ, Goldeye has reported
gold intersections including 6.4 metres grading 16.15 g/t gold and 2.05
metres grading 217 g/t gold.
The fall exploration program will also include geochemical sampling,
geological mapping, and prospecting on three separate areas of the
property deemed to have potential to host significant gold
mineralization, with the intent of developing additional drill targets.
The Property consists of 40 claims totaling 5,360 acres and is subject
to the terms of a 60:40 Joint Venture between Temex and Goldeye
Explorations Limited ("Goldeye") with Temex being the operator.
Ian Campbell, P.Geo., is the designated Qualified Person responsible
for the preparation of this News Release.
For further information please contact Ian Campbell or Bruce Durham at
416-862-2246. Temex is a well-funded Canadian exploration company
focused on advancing its precious metal,
Diamond, nickel and uranium
projects in Manitoba and Ontario.
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*
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Copyright (c) 2007 TEMEX RESOURCES CORP (TME) All rights reserved.
For more information visit our website at http://www.temexcorp.com/ or
send mailto:info@temexcorp.com
Message sent on Tue Sep 11, 2007 at 9:48:11 AM Pacific Time
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