🕐12.01.11 - 15:27 Uhr
Temex: Juby Gold Deposit Expanding, Intersects 70.0 Metres Grading 1.20 g/t Gold
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Re: News Releases - Wednesday, January 12, 2011
Temex: Juby Gold Deposit Expanding, Intersects 70.0 Metres
Grading 1.20 g/t Gold
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News Release NR03-2011
TSX Venture Exchange: TME, Frankfurt Exchange:TQ1
January 12, 2011 (TORONTO, ONTARIO): Temex Resources Corp.
(TSX-V: TME,
FWB: TQ1) ("Temex" or "the Company") announces additional drill results
from on-going drilling at its 100% owned Juby Gold Property located in
the Shining Tree gold district of northeastern Ontario.
Drilling
continues to demonstrate wide zones of gold mineralization with
excellent continuity in the Juby Main Zone gold deposit.
Highlights:
"Our ongoing drill program at Juby continues to demonstrate excellent
continuity of gold mineralization.
Since commencing the latest drill
program we have expanded the deposit to a vertical depth of 700 metres
below surface (news release December 14, 2010) and now we are
increasing the confidence level to upgrade inferred resources to the
indicated category while adding new inferred resources at the same
time.
In addition to the ongoing drilling to expand our gold resources
at the Juby Main Zone, we are also excited about drilling several new
exploration targets in close proximity to our gold deposit," commented
Ian Campbell, President and CEO of Temex Resources Corp.
Drill intersections for holes JU10-106 and JU10-107 are located
approximately 75 metres apart and both holes intersected significant
gold mineralization including anomalous gold over core lengths of well
over 100 metres.
Better intersections include 70.00 metres grading
1.20 g/t gold with a higher-grade 26.00 metre interval grading 2.45 g/t
gold in JU10-106.
In hole JU10-107, the upper part of the mineralized
zone assayed 1.52 g/t gold over 18.77 metres and a second interval in
the hole intersected 53.50 metres grading 1.02 g/t gold including 2.10
g/t gold over 18.30 metres.
Significant intersections are reported in
the attached table.
The Juby Main Zone deposit currently contains a National Instrument
43-101 ("NI 43-101") compliant Indicated resource of 614,000 ounces of
gold grading 1.36 g/t gold at a cut-off grade of 0.50 g/t gold and
Inferred resource of 602,000 ounces of gold grading 1.14 g/t gold at a
cut-off grade of 0.50 g/t gold.
Gold mineralization occurs within
sericite-silica-albite-pyrite altered Timiskaming sedimentary rocks and
feldspar porphyries.
The deposit remains open at depth and along
strike to the west.
To view a longitudinal section of the Juby Main Zone located on the
Juby Lease Property, please visit:
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.
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 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.
Significant Drill Intersections for Drill Holes JU10-106 AND JU10-107
Note: 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 Swastika Laboratories in Swastika,
Ontario in sealed bags.
The remaining half of the core is kept as a
permanent record and stored at a secure facility in Gowganda.
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.
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.
For More Information please visit www.temexcorp.com or
email: or
phone: 416-862-2246 toll free: 866-373-6287
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Copyright (c) 2011 TEMEX RESOURCES CORP (TME) All rights reserved.
For more information visit our website at http://www.temexcorp.com/ or
send mailto:
Message sent on Wed Jan 12, 2011 at 6:04:13 AM Pacific Time
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