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