TORONTO, Aug. 3, 2011 /CNW/ -- TORONTO, Aug. 3, 2011 /CNW/ - Temex Resources Corp. (TSX-V: TME) (FWB: TQ1) ("Temex" or "the Company") announces it has intersected multiple zones of high grade silver on its 100% owned Gowganda Silver Project ("the Property") located 3 kilometres northeast of the historic silver mining town of Gowganda, Ontario and has excellent access and infrastructure. The Property hosts past producing silver mines operated by Miller Lake O'Brien Mines (1910-1944) and Siscoe Metals (1945-1972) with combined historical production of 40.7 million ounces of silver at an average grade of 22 ounces per ton silver (Derry, Michener, Booth & Wahl, 1990). Drilling Highlights -- 5,510 grams per tonne ("g/t") silver (160.7 ounces per short ton ("opt")) over 0.73 metres including 10,267 g/t silver over 0.30 metres (299.5 opt) -- 238 g/t silver (6.9 opt) over 2.75 metres including 1,144 g/t over 0.44 metres (33.4 opt) -- 624 g/t silver (18.2 opt) over 0.62 metres "We are very pleased with our initial test of the Millerett area and specifically that three separate and shallow zones of calcite veining were intersected in the hole reported today. Within those zones several calcite veins typical of what were mined in the past were intersected, some containing strong native silver mineralization and several other veins containing anomalous silver mineralization. These zones and individual veins remain open at depth where further drilling is required to test for extensions of specific veins and structural zones, and also the possibility that some of the structural zones may have bulk tonnage potential," commented Ian Campbell, President and CEO of Temex. Drill hole GS-11-04 testing the Millerett #7 and #8 area intersected multiple high grade intersections of silver mineralization within three separate but distinct zones of calcite veining within 80 metres from surface and contained in the upper portion of the Nipissing diabase sill which hosts almost all of the historically mined 65 million ounces of silver within a 1.5 kilometre strike length. The lowermost zone contained bonanza grades assaying 5,510 g/t silver over 0.73 metres including 10,267 g/t over 0.30 metres from within a 6.2 metre wide zone from 108.50 to 114.70 metres downhole defined by a higher density of calcite veins, some of which contained highly anomalous silver values and requiring further drill testing. The intersections are within zones of higher density calcite veining, were highlighted by sections assaying 238 g/t silver (6.9 opt silver) over 2.75 metres, and 624 g/t (18.2 opt silver) over 0.62 metres. Previous drilling in the area by Sandy K Mines in 1988-1989 had discovered several veins highlighted by drill intersections that included 154.2 opt silver over 2.0 feet, 291.4 opt silver over 1 foot and 348.5 opt silver over 3.5 feet including 1,039 opt silver over 1 foot.  The Millerett #7 and #8 areas is located approximately 300 metres northwest of the Miller Lake O'Brien Mine and 500 metres south of the Castle Mine, the latter which produced over 10 million ounces of silver at an average grade exceeding 40 ounces per ton silver and was closed by Agnico Eagle Mines Ltd. in 1989 due to low silver prices. The Millerett #7 and #8 area is overlain by the historic tailings from which Temex recently announced (news release June 8, 2011) a National Instrument 43-101 ("NI 43-101") compliant resource estimate of 1.94 million tonnes grading 47.5 g/t silver for a contained resource of 2.96 million ounces of silver in the Indicated category.(1 ) Past-producing silver veins are characterized by native silver mineralization that is subject to extreme heterogeneity in grades, whereby certain portions of the veins have spectacular native silver mineralization, and other portions of the same veins have little or no silver mineralization.  The distribution of silver mineralization within specific veins is generally unpredictable however the presence of high grade silver in any portion of a vein was historically proven to indicate a potentially mineable structure. The Gowganda Silver Property is located 20 kilometres east of the 100% owned Juby Lease Property where the Company is currently working to expand the NI 43-101 compliant resource of 14.1 million tonnes at a grade of 1.36 g/t gold for 614,000 ounces of gold in the Indicated category and 18.3 million tonnes at a grade of 1.14 g/t gold for 602,000 ounces of gold in the Inferred category, both at a cut-off grade of 0.50 g/t gold (news release June 15, 2010).(2 ) Ian Campbell, P. Geo., President and CEO 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 exploring its Timmins Whitney Property, in partnership with Goldcorp, and expanding its NI 43-101 gold resource at the Juby Gold Project (news release June 15, 2010; SEDAR July 30, 2010) with an updated resource estimate planned for fall 2011.  Temex also has a NI 43-101 compliant resource for tailings material on its Gowganda Silver Project (news release June 8, 2011; SEDAR July 21, 2011). Notes: 1. Information regarding the mineral resource estimate in the tailings piles located on the Gowganda Silver Project can be found in the Company's news release dated June 8, 2011 and the technical report filed on SEDAR July 21, 2011. The Mineral Resource Statement was prepared for Temex by GeoVector Management Inc., Ottawa, Ontario according to the "CIM Standards on Mineral Resources and Reserves: Definition and Guidelines" (December, 2005), by Allan Armitage, Ph.D., P. Geol., Alan Sexton, M.Sc., P.Geo. and Joe Campbell, B.Sc., P.Geo., "independent qualified persons" as defined by NI 43-101. 2. Information regarding the mineral resource estimate on the Juby Main Zone can be found in the Company's news release dated June 15, 2010 and the technical report filed on SEDAR July 30, 2010. The Mineral Resource Statement was prepared for Temex by GeoVector Management Inc., Ottawa, Ontario according to the "CIM Standards on Mineral Resources and Reserves: Definition and Guidelines" (December, 2005), by Allan Armitage, Ph.D., P. Geol., and Joe Campbell, B.Sc., P.Geo., "independent qualified persons" as defined by NI 43-101. 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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/03/c9028.html p Please visit a href="http://www.temexcorp.com"www.temexcorp.com/a or email: a href="mailto:info@temexcorp.com"info@temexcorp.com/a orbr/ phone: 416-862-2246   toll free: 866-373-6287 /p

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