🕐10.12.09 - 17:11 Uhr
Temex Initiates IP Geophysical Survey on Latchford Gold Project
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Re: News Releases - Thursday, December 10, 2009
Temex Initiates IP Geophysical Survey on Latchford Gold Project
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News Release NR24-2009
TSX Venture Exchange: TME, Frankfurt Exchange:TQ1
TORONTO, ONTARIO: Temex Resources Corp.
(TSX Venture:TME,
Frankfurt:TQ1) ("Temex" or "the Company") announces that a ground
induced polarization ("IP") geophysical survey using the Titan 24 DCIP
system has been initiated on the Latchford Gold Project (the "LGP")
located approximately 25 km south of New Liskeard, Ontario.
The survey
is being conducted by Quantec Geoscience Ltd.
in the area of the new
gold in bedrock trend recently discovered and expanded on by Temex on
the LGP.
The purpose of the survey is to: a) define specific drill targets
within the gold in bedrock trend; b) establish a potential IP and
resistivity template for the structural setting and the gold
mineralization; and c) detect the unconformity between Proterozoic and
Archean rock sequences at depth.
The unconformity has been targeted as
a high potential zone for the formation of high grade precious metals
veins and is a similar geological environment to the Cobalt Silver Camp
just to the north.
The new gold in bedrock trend was initially discovered late in 2008
when grab samples returned gold assays of 4.08 g/t, 4.78 g/t, 5.52 g/t
and 11.97 g/t gold (news release Apr 07, 2009) from mineralized
fractures up to several cm wide which cut flat lying Proterozoic
sediments interpreted to be near the unconformity with underlying
Archean rocks.
This trend was recently expanded to the south and east
with several significant individual gold values from grab samples
including 112.29 g/t, 49.75 g/t, 11.64 g/t, 9.14 g/t, 6.24 g/t and 4.53
g/t gold (news release Nov 24, 2009).
Gold mineralization within the
larger areal extent of the trend is associated with anomalous copper,
silver and iron oxide mineralization.
The LGP was initiated following the discovery of vein-style bonanza
gold mineralization (>6,000 g/t gold) located 5 km to the south when
detailed geochemical analyses demonstrated that the abundant visible
gold in the sample was associated with cobalt-nickel-arsenide minerals
in calcite veins and was determined to have an origin similar to that
of the ultra high grade silver veins from the world-famous Cobalt and
Gowganda silver districts from which past production has exceeded 500
million ounces of silver.
Ian Campbell, P.Geo., is the designated Qualified Person responsible
for the preparation of this news release.
Temex is a Canadian
exploration company advancing its precious metals projects in
northeastern Ontario.
For further information, contact Ian Campbell,
President and CEO or Bruce Durham, Executive Chairman at 416-862-2246
or visit www.temexcorp.com.
On behalf of the Board of Directors,
"Ian Campbell"
Ian Campbell
President and CEO
*The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release*
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Copyright (c) 2009 TEMEX RESOURCES CORP (TME) All rights reserved.
For more information visit our website at http://www.temexcorp.com/ or
send mailto:
Message sent on Thu Dec 10, 2009 at 7:52:05 AM Pacific Time
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