TEMEX DRILLS 180 G/T (5.3 OPT) GOLD AT WHITNEY, TIMMINS GOLD CAMP
January 19 2011 - 9:00AM
PR Newswire (Canada)
TORONTO, Jan. 19 /CNW/ -- TSX-V:TME; FWB:TQ1 TORONTO, Jan. 19 /CNW/
- Temex Resources Corp. (TSX-V: TME, FWB: TQ1) ("Temex" or "the
Company") announces additional drill results for ten holes
completed on its Whitney JV Property ("Whitney" or "the Property")
located in the heart of the Timmins Gold Camp. The Property is
being explored by the Company under terms of a joint venture
agreement between Temex (60%) and Goldcorp Canada Ltd. (40%).
Highlights: -- 180.00 g/t gold over 0.50 metres in Upper Q Zone --
20.48 g/t gold over 1.70 metres including 54 g/t gold over 0.60
metres in Bonetal Mine footwall. -- Assays for 15 holes pending. --
Drilling set to resume on near surface exploration targets. Results
released are part of the Company's 2010 diamond drill program on
the Whitney JV Property with over 14,000 metres completed to date
in 46 holes. Assays are pending for approximately 15
additional drill holes and will be released upon receipt, while
diamond drilling is set to resume on near surface exploration
targets. "Results of our ongoing drilling in the Upper Hallnor Mine
area continue to demonstrate the presence of significant gold
mineralization and structures in the Bonetal, 1-55 Veins and the
Hallnor Footwall areas. We are also very encouraged by the
discovery of very high grade gold mineralization in the Upper Q
Zone which validates the high grade nature of the vein systems in
this area. The Q Zone is a high priority zone and will be further
tested upon availability of a suitable drilling rig," commented Ian
Campbell, President and CEO. Four holes were drilled to test the Q
Zone where previous Temex holes TW10-78 and TW10-79 encountered
significant gold mineralization including 17.71 g/t over 2.90
metres, 90.35 g/t over 0.50 metres and 29.91 g/t over 1.40 metres.
The Q Zone is interpreted by the Company to represent the down-dip
extension of the Upper Hallnor vein structures. The four holes
deviated significantly and therefore did not intersect the main Q
Zone target area and therefore this target remains wide open in
both the up-dip and down-dip directions and will be tested upon
availability of a suitable drilling rig. One of the Q Zone holes
intersected significant veining up-dip of the target area and
returned 180.00 g/t gold over 0.50 metres confirming the high grade
nature of the Q Zone vein system. This new zone is interpreted to
represent the extension of the structure hosting the 1-55 vein
system (news release January 4, 2011) approximately 250 metres down
dip. Additional intersections include 4.82 g/t over 0.50 metres and
2.00 g/t over 0.60 metres, 2.97 g/t over 0.50 metres, 2.10 g/t over
0.70 metres and 2.52 g/t over 1.40 metres. Four shallow holes were
drilled to test the western portion of the Upper Hallnor Mine
footwall and all the holes confirmed the presence of gold-bearing
veins yielding 54.0 g/t gold over 0.60 metres including 20.48 g/t
gold over 1.70 metres in hole TW10-106, 6.80 g/t gold over 0.50
metres in TW10-89, 6.71 g/t gold over 1.70 metres in TW10-103, and
3.17 g/t gold over 1.20 metres in TW10-105. Two shallow level holes
(TW10-86 and TW10-87) were drilled into the Bonetal Mine footwall
area in order to test for additional volcanic hosted quartz veining
and both holes intersected gold mineralization within several
veined zones including 3.74 g/t over 3.70 metres, 6.54 g/t over
1.00 metres and 1.86 g/t over 4.70 metres. Jari Paakki, P. Geo.,
Vice-President, Exploration of the Company, is the designated
"qualified person" (within the meaning of National Instrument
43-101) responsible for the preparation of this news release.
About Temex Resources Corp. Temex is a Canadian based exploration
company focusing on its portfolio of precious metals properties in
northeastern Ontario, a world class mining district. Temex is
focussed on exploring the Timmins Gold Project, and specifically
the property known as Whitney, in partnership with Goldcorp and at
the same time advancing its Juby Gold Project, one component of
which is the 100% owned Juby Lease Property which contains a
National Instrument 43-101 Indicated resource of 614,000 ounces of
gold and an Inferred resource of 602,000 ounces of gold. Table
1. Significant results from drill holes reported in this
release ___________________________________________________ |Drill
Hole|From (m)|To (m)|Core Length (m)|Au (g/t)|
|__________|________|______|_______________|________| |Q Zone |
|___________________________________________________| | TW10-88 |
150.80|151.30| 0.50| 4.82| | and | 160.80|161.40| 0.60| 2.00|
|__________|________|______|_______________|________| | TW10-94 |
293.70|294.20| 0.50| 2.97| | and | 323.00|323.70| 0.70| 2.10| | and
| 386.00|386.70| 0.70| 2.18| | and | 432.00|432.50| 0.50| 180.00|
|__________|________|______|_______________|________| | TW10-104
|Did not intersect target |
|__________|________________________________________| | TW10-108
|Did not intersect target |
|__________|________________________________________| |Hallnor
Footwall | |___________________________________________________| |
TW10-89 | 45.60| 48.00| 2.40| 1.83| | and | 144.70|145.20| 0.50|
6.80| |__________|________|______|_______________|________| |
TW10-103 | 38.00| 40.00| 2.00| 2.10| | and | 46.80| 47.30| 0.50|
2.58| | and | 48.50| 49.50| 1.00| 2.17| | and | 50.50| 52.00| 1.50|
2.53| | and | 68.00| 71.00| 3.00| 2.61| | and | 86.00| 88.50| 2.50|
1.83| | and | 96.90| 98.60| 1.70| 6.71|
|__________|________|______|_______________|________| | TW10-105 |
134.30|135.10| 0.80| 2.76| | and | 136.50|137.70| 1.20| 3.17|
|__________|________|______|_______________|________| | TW10-106 |
119.20|119.70| 0.50| 3.57| | and | 163.10|164.80| 1.70| 20.48|
|including | 163.70|164.30| 0.60| 54.00| | and | 178.00|178.50|
0.50| 2.75| |__________|________|______|_______________|________|
|Bonetal | |___________________________________________________| |
TW10-86 | 95.00| 96.00| 1.00| 2.11|
|__________|________|______|_______________|________| | TW10-87 |
137.00|137.70| 0.70| 11.50| | and | 210.50|214.20| 3.70| 3.74| |
and | 226.90|227.90| 1.00| 6.54| | and | 237.70|242.40| 4.70| 1.86|
|__________|________|______|_______________|________| Notes: Temex
has implemented a quality control (QA/QC) program which includes
the use of standards and blanks. Samples of split NQ core are
transported by Company personnel to Activation Laboratories in
Timmins, Ontario in sealed bags. The remaining half of the
core is kept as a permanent record and stored at a secure facility
in Timmins. The core samples are analyzed using a 30 gram
standard fire assay method. Pulp metallic gold assaying is
performed as required on samples where visible gold is
observed. Intervals reported are core lengths. True
widths are unknown at this time. *Estimates reported are historical
in nature and are not in compliance with NI 43-101 "Standards of
Disclosure for Mineral Deposits" and therefore should not be relied
upon. Table 2: Significant results from drill holes reported
January 4, 2011 ___________________________________________________
|Drill Hole|From (m)|To (m)|Core Length (m)|Au (g/t)|
|__________|________|______|_______________|________| | TW10-90 |
117.20|120.20| 3.00| 1.87|
|__________|________|______|_______________|________| | TW10-91 |
49.40| 54.30| 4.90| 1.47| |including | 53.50| 54.30| 0.80| 3.55| |
and | 158.70|159.20| 0.50| 9.20|
|__________|________|______|_______________|________| | TW10-92 |
138.60|139.30| 0.70| 16.70|
|__________|________|______|_______________|________| | TW10-93 |
129.50|132.40| 2.90| 3.11|
|__________|________|______|_______________|________| | TW10-95 |
79.20| 81.25| 2.05| 10.12|
|__________|________|______|_______________|________| | TW10-96 |
54.10| 72.10| 18.00| 0.92| |including | 56.50| 58.40| 1.90| 4.05|
|including | 70.50| 71.40| 0.90| 5.11| | and | 124.40|128.00| 3.60|
5.16| |including | 127.30|128.00| 0.70| 24.75|
|__________|________|______|_______________|________| | TW10-97 |
76.30| 83.30| 7.00| 3.32| |including | 76.30| 77.90| 1.60| 10.63|
|including | 82.30| 83.30| 1.00| 5.34|
|__________|________|______|_______________|________| | TW10-98 |
58.00| 70.00| 12.00| 2.28| |including | 65.10| 70.00| 4.90| 5.46| |
and | 132.40|142.00| 9.60| 1.64| |including | 136.40|139.20| 2.80|
4.28| |__________|________|______|_______________|________| |
TW10-99 | 53.70| 54.30| 0.60| 2.91| | and | 131.00|134.00| 3.00|
2.36| |__________|________|______|_______________|________| |
TW10-100 | 178.50|185.70| 7.20| 2.79| |including | 182.00|184.70|
2.70| 6.09| |__________|________|______|_______________|________| |
TW10-101 | 159.90|160.80| 0.90| 5.29|
|__________|________|______|_______________|________| | TW10-102 |
61.30| 63.40| 2.10| 18.74| |including | 62.70| 63.40| 0.70| 50.10|
|__________|________|______|_______________|________| Table 3:
Significant results from drill holes reported October 6, 2010
___________________________________________________ |Drill
Hole|From (m)|To (m)|Core Length (m)|Au (g/t)|
|__________|________|______|_______________|________| | TW10-80 |
163.20|165.20| 2.00| 6.05| |including | 163.20|164.20| 1.00| 10.80|
| | 203.90|204.40| 0.50| 2.75|
|__________|________|______|_______________|________| | TW10-81 |
147.00|155.70| 8.70| 5.61| |including | 150.70|153.10| 2.40| 9.25|
| and | 147.00|147.50| 0.50| 7.58| | and | 148.00|149.00| 1.00|
6.08| | and | 151.40|152.30| 0.90| 13.80| | and | 152.30|153.10|
0.80| 8.00| | | 171.20|173.10| 1.90| 5.37| |including |
172.20|173.10| 0.90| 10.90|
|__________|________|______|_______________|________| | TW10-82 |
148.40|151.60| 3.20| 6.32| |including | 148.40|153.60| 5.20| 4.52|
| and | 148.40|149.20| 0.80| 8.57| | | 156.50|157.20| 0.70| 7.07| |
| 162.40|164.40| 2.00| 8.71| |including | 163.40|164.40| 1.00|
15.80| | | 168.40|169.00| 0.60| 17.20|
|__________|________|______|_______________|________| | TW10-83 |
151.70|154.10| 2.40| 3.27| |including | 152.50|153.10| 0.60| 6.81|
| | 174.00|175.60| 1.60| 2.32|
|__________|________|______|_______________|________| | TW10-84 |
160.40|163.60| 3.20| 3.04| |including | 161.90|162.70| 0.80| 5.54|
| | 178.00|181.00| 3.00| 1.48|
|__________|________|______|_______________|________| Forward
Looking Statements: This news release includes certain
"forward-looking statements". Such forward-looking statements
involve risks and uncertainties. The results or events
predicted in these forward-looking statements may differ materially
from actual results or events. The Company disclaims any
intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
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Services Provider (as that term is defined in the policies of the
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