Temex Intersects 6.70 m of 10 g/t Gold and 11.40 m of 5.8 g/t Gold at Whitney Property, Timmins
March 02 2011 - 9:00AM
PR Newswire (Canada)
TORONTO, March 2 /CNW/ -- TSX-V:TME; FWB:TQ1 TORONTO, March 2 /CNW/
- Temex Resources Corp. (TSXV: TME) (FWB: TQ1) ("Temex" or "the
Company") reports that exploration drilling on the Upper Hallnor
Mine 6 Vein area has returned high grade assay results over
significant widths: 9.97 g/t gold over 6.70 metres including 66.00
g/t gold over 0.8 metres; 6.47 g/t gold over 5.70 metres; 5.81 g/t
gold over 11.40 metres. The results reported today are from
drilling completed in December 2010 and are part of a 15,000 metre
drill program which is testing priority targets in the Upper
Hallnor Mine on the Whitney JV Property ("Whitney" or "the
Property") located in the heart of the Timmins Gold Camp. The
property hosts three past producing mines including the high grade
Hallnor Mine which produced 1.7 million ounces of gold at an
average grade of 0.40 oz/ton (13.7 g/t Au). Exploration is being
conducted by the Company under the terms of a joint venture
agreement between Temex (60%) and Goldcorp Canada Ltd. (40%).
Highlights: -- TW10-112: 6.70 metres of 9.97 g/t gold including
0.80 metres of 66.00 g/t gold -- TW10-119: 19.30 metres of 4.12 g/t
gold including 11.40 metres of 5.81 g/t gold -- TW10-110: 5.70
metres of 6.47 g/t gold including 4.20 metres of 8.06 g/t gold --
TW10-120: 20.90 metres of 2.03 g/t gold including 10.00 metres of
3.04 g/t gold -- TW10-116: 14.40 metres of 3.72 g/t gold including
3.10 metres of 8.55 g/t gold -- TW10-109: 10.60 metres of 2.82 g/t
gold including 2.90 metres of 7.90 g/t gold "These are some of the
best drill results from our first diamond drill program on the
Upper Hallnor Mine area and we are particularly pleased that the 6
Vein area has returned wide core lengths of gold mineralization.
Our ongoing diamond drill program, which is testing a number of
priority targets in the Upper Hallnor Mine area, continues to
deliver significant gold intersections in several areas and further
demonstrates considerable potential to define economic gold
resources proximal to infrastructure in this area of the property,"
commented Ian Campbell, President and CEO. Drill holes tested for
extensions of the Hallnor 6 Vein Zone in the footwall of the
Hallnor deposit northeast of the Hallnor shaft and covering a
strike length of approximately 100 metres. All nine holes cut broad
intervals of north and south dipping quartz veining with occasional
fine-grained visible gold with up to 80 metres of highly anomalous
gold mineralization. All significant intersections are reported in
the attached table. The Hallnor 6 Vein Zone is a priority
exploration target with potential to be further expanded. 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. Please visit Temex March 6-7 at Booth 2412A in the
Investors Exchange at 2011 PDAC International Convention at the
Metro Toronto Convention Centre - South Building. About Temex
Resources Corp. Temex is a Canadian based exploration company with
a 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. 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 if 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. 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 otherwise. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. Table
1. Significant results from drill holes reported in this
release
_______________________________________________________________ |
Hole_ID | From (m) | To (m) | Core Length (m) | Au (g/t) |
|__________|__________|__________|_________________|____________|
|Hallnor Footwall - 6 Vein Area |
|_______________________________________________________________| |
TW10-109 | 240.40 | 251.00 | 10.60 | 2.82 |
|__________|__________|__________|_________________|____________| |
includes | 240.40 | 243.30 | 2.90 | 7.05 |
|__________|__________|__________|_________________|____________| |
includes | 241.40 | 242.30 | 0.90 | 14.90 |
|__________|__________|__________|_________________|____________| |
TW10-110 | 230.20 | 235.90 | 5.70 | 6.47 |
|__________|__________|__________|_________________|____________| |
includes | 230.70 | 234.90 | 4.20 | 8.06 |
|__________|__________|__________|_________________|____________| |
and | 230.70 | 231.90 | 1.20 | 11.60 |
|__________|__________|__________|_________________|____________| |
TW10-112 | 244.40 | 246.50 | 2.10 | 11.11 |
|__________|__________|__________|_________________|____________| |
includes | 245.50 | 246.50 | 1.00 | 21.80 |
|__________|__________|__________|_________________|____________| |
| 251.30 | 258.00 | 6.70 | 9.97 |
|__________|__________|__________|_________________|____________| |
includes | 254.20 | 255.00 | 0.80 | 66.00 |
|__________|__________|__________|_________________|____________| |
| 273.20 | 274.60 | 1.40 | 4.29 |
|__________|__________|__________|_________________|____________| |
| 302.10 | 304.00 | 1.90 | 3.30 |
|__________|__________|__________|_________________|____________| |
TW10-113 | 294.70 | 295.50 | 0.80 | 18.80 |
|__________|__________|__________|_________________|____________| |
| 332.60 | 335.20 | 2.60 | 4.19 |
|__________|__________|__________|_________________|____________| |
includes | 332.60 | 333.20 | 0.60 | 11.80 |
|__________|__________|__________|_________________|____________| |
TW10-116 | 403.80 | 404.80 | 1.00 | 3.91 |
|__________|__________|__________|_________________|____________| |
| 457.90 | 459.20 | 1.30 | 2.85 |
|__________|__________|__________|_________________|____________| |
| 461.90 | 472.60 | 10.70 | 2.08 |
|__________|__________|__________|_________________|____________| |
includes | 461.90 | 463.40 | 1.50 | 6.33 |
|__________|__________|__________|_________________|____________| |
| 481.10 | 495.50 | 14.40 | 3.72 |
|__________|__________|__________|_________________|____________| |
includes | 481.10 | 484.20 | 3.10 | 8.55 |
|__________|__________|__________|_________________|____________| |
includes | 481.10 | 482.00 | 0.90 | 23.20 |
|__________|__________|__________|_________________|____________| |
| 486.20 | 495.50 | 9.30 | 2.83 |
|__________|__________|__________|_________________|____________| |
| 504.10 | 504.90 | 0.80 | 10.60 |
|__________|__________|__________|_________________|____________| |
TW10-119 | 407.50 | 408.30 | 0.80 | 2.05 |
|__________|__________|__________|_________________|____________| |
| 421.60 | 422.80 | 1.20 | 18.15 |
|__________|__________|__________|_________________|____________| |
| 477.50 | 496.80 | 19.30 | 4.12 |
|__________|__________|__________|_________________|____________| |
includes | 477.50 | 488.90 | 11.40 | 5.81 |
|__________|__________|__________|_________________|____________| |
TW10-120 | 410.40 | 413.70 | 3.30 | 2.23 |
|__________|__________|__________|_________________|____________| |
| 426.20 | 447.10 | 20.90 | 2.03 |
|__________|__________|__________|_________________|____________| |
includes | 426.20 | 436.20 | 10.00 | 3.04 |
|__________|__________|__________|_________________|____________| |
includes | 431.30 | 431.90 | 0.60 | 18.00 |
|__________|__________|__________|_________________|____________| |
| 446.40 | 447.10 | 0.70 | 6.55 |
|__________|__________|__________|_________________|____________| |
TW10-121 | 403.20 | 404.20 | 1.00 | 19.20 |
|__________|__________|__________|_________________|____________| |
| 412.70 | 413.70 | 1.00 | 3.88 |
|__________|__________|__________|_________________|____________| |
| 422.40 | 426.80 | 4.40 | 2.72 |
|__________|__________|__________|_________________|____________| |
| 453.40 | 456.30 | 2.90 | 1.92 |
|__________|__________|__________|_________________|____________| |
| 490.00 | 491.00 | 1.00 | 6.32 |
|__________|__________|__________|_________________|____________| |
TW10-123 | 436.60 | 472.90 | 36.30 | 1.47 |
|__________|__________|__________|_________________|____________| |
includes | 436.60 | 443.60 | 7.00 | 2.65 |
|__________|__________|__________|_________________|____________| |
| 457.90 | 472.90 | 15.00 | 1.90 |
|__________|__________|__________|_________________|____________| |
includes | 469.90 | 470.70 | 0.80 | 8.18 |
|__________|__________|__________|_________________|____________| |
| 472.30 | 472.90 | 0.60 | 9.07 |
|__________|__________|__________|_________________|____________|
To view this news release in HTML formatting, please use the
following URL:
http://www.newswire.ca/en/releases/archive/March2011/02/c7067.html
pFor More Information please visit a
href="http://www.temexcorp.com"www.temexcorp.com/a or email: a
href="mailto:info@temexcorp.com"info@temexcorp.com/a or phone:
416-862-2246 toll free: 866-373-6287/p
Copyright