Temex Resources Corp. is adding to its Timmins-area Juby gold property with the purchase of the Byberg property.
Temex has signed an agreement to purchase Byberg from Silver Eagle Mines for a 100 per cent interest in the property. The property will add to its Juby exploration project, which is located about 45 kilometres southwest of AuRico’s Young Davidson Mine.
“The Byberg purchase further consolidates our dominant landholdings in this emerging gold district,” said Ian Campbell, president and CEO, in a news release. “It is a strategic property, located proximal to the Tyrrell Structural Zone and adjacent to our Big Dome and Hydro Creek gold zones with high-grade gold intercepts in drill core providing direct evidence of enriched gold systems in this area of the Juby Project.
“Furthermore, the acquisition immediately adds excellent exploration potential for near-surface gold discoveries as our exploration team has already defined a major new gold trend over several kilometres, and projected to cross the southern half of Byberg, and which has yet to see a drill bit."
The Byberg property consists of six mining claims held under mining leases and covers 290 acres.
Temex has a national instrument 43-101 resource report for Juby, which shows resources of 26.6 million tonnes at a grade of 1.28 g/t gold for 1,090,400 ounces of gold in the Indicated category, and 96.2 million tonnes at a grade of 0.94 g/t gold for 2,908,800 ounces of gold in the Inferred category, both at a cut-off grade of 0.40 g/t gold.
