May 29, 2014

Temex announces “exceptional” drill results


By: Northern Ontario Business staff

Temex is describing drill results from its Whitney gold project in Timmins as “exceptional.” (PHOTO SUPPLIED)
Temex is describing drill results from its Whitney gold project in Timmins as “exceptional.” (PHOTO SUPPLIED)

Temex Resources Corp. is describing results from a recent drill program on its Whitney gold project in Timmins as “exceptional.”

Highlights include a hole showing 49.53 grams per tonne (g/t) of gold over 6 metres, and 48.09 g/t of gold over 4.50 metres.

Temex is exploring the 2,155-acre property through a joint venture with Goldcorp, which retains 40 per cent of the project. However, Goldcorp has indicated it will not contribute to the planned $3.5-million 2014 work plan, and so its portion may be modified accordingly.

"These results are highly encouraging as they confirm our expectations as to the continuity of the eastern portion of the 110 Zone, targeted as the initial startup for our advanced exploration program,” said Ian Campbell, Temex’s president and CEO, in a news release.

“We are particularly excited to have near-surface high-grade mineralization, which gives rise to the opportunity for a low-capital expenditure/early startup opportunity which is further enhanced by accessibility at the bedrock surface and the premier location in the heart of the Timmins gold camp."

The company plans to continue exploring the 110 Zone in an effort to further define the structure and follow up with engineering and geotechnical work.

In addition to the Whitney project, Temex is exploring the Juby gold project, also in Timmins, and a silver project near Gowganda. The company has NI 43-101 resource reports for all three properties.



© 2014 Northern Ontario Business Ltd.