🕐02.11.09 - 17:50 Uhr
Temex Provides Exploration Update Croxall Gold Property, West Timmins
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Re: News Releases - Monday, November 02, 2009
Temex Provides Exploration Update Croxall Gold Property, West
Timmins
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News Release NR18-2009
TSX Venture Exchange: TME, Frankfurt Exchange:TQ1
TORONTO, ONTARIO: Temex Resources Corp.
(TSX Venture:TME,
Frankfurt:TQ1) ("Temex" or "the Company") announces that follow up
drilling on the Croxall Gold Property within the West Timmins Gold
District continues.
To date, Temex has completed 5 holes and 1869
metres of diamond drilling on various high priority targets selected
from across the property and a further 1000 metres of drilling is being
completed.
The Property comprises 60 mining claim units of which Temex
has the option to earn a 100% interest.
The first phase of drilling completed in September intersected
significant gold mineralization including visible gold within an
altered porphyry which yielded 7.81 g/t gold over 1.10 metres and 5.28
g/t gold over 1.90 metres down-dip of historical intersection of 2.88
g/t gold over 0.60 metres (news release September 17, 2009).
The
drilling has confirmed the presence of widespread alteration, local
quartz-ankerite veining within shear zones, significant sulphide
mineralization, and the presence of variably mineralized red hematite
altered felsic porphyry units and gold mineralization.
This sequence
of strong alteration, felsic porphyry intrusions and sulphide
mineralization represents the eastern continuation of the Golden River
Trend on the West Timmins Mining property, located immediately adjacent
to the west.
This second phase of drilling is testing the depth potential of the
gold intersection from the first drill campaign in hole TC-09-01 and
will also test some additional targets to the west which appear to be
extensions of gold mineralized zones located on adjacent ground.
Ian Campbell, President and CEO commented, "The Timmins Mining Camp and
the West Timmins Gold District is seeing an increasing number of
acquisitions and heightened exploration activity which continues to
underscore the importance of the Companys strategic land package.
Reported earlier this week, West Timmins Mining intersected multiple
high grade zones in the North Zone of the Golden River Trend on their
property adjacent to the west of the Croxall Property.
At the Timmins
Mine property located approximately 6 km northwest of the Croxall
Property, Lake Shore Gold continues to intersect high grade gold over
wide intervals in underground drilling and has indicated the potential
to expand the resource, which is slated for commercial production in
late 2010.
These results are all very encouraging and Temex is
favourably situated in the district."
To see a location map of the Croxall Property, please see URL:
http://files.newswire.ca/322/TemexCroxallProperty.pdf or on the Company
website www.temexcorp.com.
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 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 Mon Nov 2, 2009 at 8:32:30 AM Pacific Time
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