🕐27.06.11 - 16:27 Uhr
TEMEX SET TO DRILL LATCHFORD HIGH GRADE GOLD PROJECT
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Re: News Releases - Monday, June 27, 2011
Temex Set to Drill Latchford High Grade Gold Project
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News Release NR13-2011
TSX Venture Exchange: TME, Frankfurt Exchange:TQ1
June 27, 2011 (TORONTO, ONTARIO): Temex Resources Corp.
(TSX-V: TME,
FWB: TQ1) ("Temex" or "the Company") announces that diamond drilling is
set to begin on its Latchford Gold Project located in northeastern
Ontario.
An initial 2,000 metre diamond drill program will test two
priority areas with drill targets selected on combined results of
several field programs which outlined trends of anomalous gold in
bedrock with coincident soil geochemical and induced polarization and
magnetic geophysical anomalies.
Highlights:
The Latchford Gold Project was initiated following the prospecting
discovery of vein-style bonanza gold mineralization (>6,000 g/t gold or
175 ounces per ton gold) in a block of rock known as the Brett Boulder.
High-grade gold occurs in calcite veins with associated
cobalt-nickel-silver minerals similar to host veins at the Cobalt and
Gowganda silver camps, which produced in excess of 550 million ounces
of silver from Proterozoic aged bonanza silver veins.
The Brett
Boulder is located 20 kilometres south of the Cobalt silver camp
sharing a similar geological setting near the unconformity of
flat-lying early Proterozoic rocks of the Cobalt Embayment and
underlying Archean volcanic rocks.
A comprehensive field program on the Brett Property (claims hosting the
Brett Boulder) in 2004 identified several drill targets, some of which
were tested in a 16 hole drill program.
The initial program did not
intersect the bedrock source of the high-grade boulder, however it is
still believed to be from a local bedrock source.
Following the 2004
program, the Rib Lake Property, contiguous to the south and within 75
metres of the Brett Boulder discovery, was acquired as a key
exploration property (news release December 18, 2007).
Priority
targets have been identified for drill testing during the current
program to locate potential high-grade gold veins.
A second target area located 5 kilometres north of the Brett Boulder,
was first identified in 2009 when prospecting after forestry operations
discovered multiple new gold in bedrock occurrences with selective grab
samples returning gold assays ranging from 0.51 g/t gold up to and
including 4.08 g/t, 4.78 g/t, 5.52 g/t and 11.97 g/t gold (news release
April 07, 2009) from mineralized fractures up to several centimetres
wide.
Follow-up work recently expanded the highly anomalous gold in
bedrock trend 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 November 24,
2009).
The surface extent of this highly anomalous gold trend has now been
expanded to at least 1.5 kilometres by 500 metres and is associated
with anomalous copper, silver and iron oxide mineralization.
The host
fractures crosscut flat-lying Proterozoic sediments interpreted to be
near the unconformity with underlying Archean rocks.
Detailed soil
geochemical sampling and Titan 24 DCIP geophysical surveys completed in
2009 and 2010 have identified several coincident high priority
anomalies which are set to be drill tested.
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 exploring its Timmins Whitney Property, in
partnership with Goldcorp, and expanding its NI 43-101 gold resource at
the Juby Gold Project (Note 1, news release June 15, 2010) with an
updated resource estimate planned for fall 2011.
Temex also has a NI
43-101 compliant resource for tailings piles on its Gowganda Silver
Project of 1,940,000 tonnes grading 47.5 g/t silver for ~2,960,000
contained ounces of silver in an Indicated category using a cut-off
grade of 10.0 g/t silver (Note 2, news release June 8, 2011).
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.
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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 Mon Jun 27, 2011 at 6:49:35 AM Pacific Time
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