Feb 10 2011
Temex Resources Corp. (TSX-V: TME, FWB: TQ1) announces additional drill results from seven holes on its Whitney JV Property located in the heart of the Timmins Gold Camp.
Results are part of the Company's ongoing 15,000 metre diamond drill program which is focused on targets in the Upper Hallnor Mine area. Historically, the high grade Hallnor Mine produced 1.7 million ounces of gold at an average grade of 0.40 oz/ton (13.7 g/t Au).
Highlights:
- 21.20 g/t gold over 4.10 metres and 3.20 g/t gold over 8.90 metres in Hallnor South Vein system
- 33.60 g/t gold over 2.40 metres and 44.30 g/t gold over 0.50 metres in Hallnor Main Vein system
- High grade gold mineralization now extended beyond shallow mine workings
"We are very pleased with the excellent results from our Upper Hallnor Mine diamond drill program as they continue to demonstrate the presence of significant gold mineralization over impressive widths with high grades in the heart of one of the world's most prolific gold districts. We are excited about the property's considerable potential to define an economic gold resource near-surface and proximal to infrastructure. Additional drilling will systematically define the several high priority targets," commented Ian Campbell, President and CEO.
Results reported are from seven holes drilled into shallow targets in the immediate Hallnor Mine area. Four holes (TW10-111, 114, 115 and 117) tested extensions of the Hallnor South Vein system, whereas three holes (TW10-118, 122 and 124) tested for additional gold mineralization in the Hallnor Main veins.
In the Hallnor South Vein area, all four holes testing extensions of the south veins cut several sets of quartz veins including veins with fine-grained visible gold. Results include 21.20 g/t gold over 4.10 metres at a down hole depth of 21.50 metres in hole TW10-111, including higher grade sections assaying 63.10 g/t gold over 0.50 metres and 41.80 g/t gold over 1.0 metre. Additional results include 8.90 metres grading 3.20 g/t gold in TW10-114 and 2.00 metres grading 14.0 g/t gold in hole TW10-115.
Two of the three holes completed in the Hallnor Main veins confirmed high-grade gold mineralization at shallow depths in an unmined area. Results include 2.40 metres grading 33.60 g/t gold with a high grade interval of 121.00 g/t gold over 0.50 metres in hole TW10-122 cut at 20.70 metres down hole and 44.30 g/t gold over 0.50 metres in hole TW10-118 at a down hole depth of 60.50 metres.
Exploration is being conducted by the Company under the terms of a joint venture agreement between Temex (60%) and Goldcorp Canada Ltd. (40%).
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.