TORONTO, July 16, 2013 /CNW/ - Temex Resources Corp. (TSX-V: TME, FWB:
TQ1) ("Temex" or "the Company" or "the Corporation") is pleased to
report on the results of the Annual and Special Meeting of Shareholders
(the "ASM") held in Toronto, Ontario, on July 16, 2013 at 10:00 am.
A minimum of 40% of the issued and outstanding shares were voted with
the following results:
Auditors: parker simone LLP were re-appointed as auditors of the Corporation and
the directors were authorized to fix the remuneration of the auditors;
Directors: Peter Akerley, Ian Campbell, Bruce Durham, Greg Gibson, Ronald Goldsack
and René Marion were re-elected to the Board of Directors of the
Corporation; all individuals received greater than 97% in favour;
Stock Option Plan: the Stock Option Plan was approved; and
Advance Notice By-Law: the Advance Notice By-Law was ratified and confirmed.
Board Meeting Results
Following the AGM, the Board of Directors confirmed the re-appointment
of the executive officers of the Corporation including Ian Campbell,
President and CEO, and Edward J. Badida as Chief Financial Officer.
Karen Rees, Vice President, Exploration, was appointed Corporate
Additionally, the following Board appointments were made:
Chairman of the Board: Gregory Gibson
Audit Committee: Peter Akerley (Chairman), Bruce Durham, Ronald Goldsack
Compensation Committee: Peter Akerley (Chairman), Gregory Gibson, Ronald
Corporate Governance and Nomination Committee: René Marion (Chairman),
Health and Safety Committee: Ian Campbell (Chairman), Gregory Gibson,
On Behalf of the Board of Directors,
President and CEO, Director
About Temex Resources Corp.
Temex is a Canadian based exploration company focusing on its portfolio
of precious metals properties in the world class mining district of
northeastern Ontario. Temex (60% interest) is advancing the Timmins
Whitney Gold Project, in partnership with Goldcorp Canada Ltd. (40%
joint venture interest; no back-in rights), and exploring the Juby Gold
Project (100% Temex).
The Whitney Property has open pit and underground NI 43-101 compliant
resources on the Upper Hallnor of 3.0 million tonnes at a grade of 2.44
g/t gold for 234,300 ounces of gold in the Measured category plus 8.8
million tonnes at a grade of 1.97 g/t gold for 555,900 ounces of gold
in the Indicated category and 4.1 million tonnes at a grade of 1.82 g/t
gold for 241,000 ounces of gold in the Inferred category at a cut-off
grade of 0.30 g/t gold for open pit and 2.0 g/t for underground (Note
The Juby Main Zone has NI 43-101 compliant resources of 25.3 million
tonnes at a grade of 1.28 g/t gold for 1,041,343 ounces of gold in the
Indicated category and 74.2 million tonnes at a grade of 0.91 g/t gold
for 2,174,193 ounces of gold in the Inferred category, both at a
cut-off grade of 0.40 g/t gold (Note 2).
Temex also has a NI 43-101 compliant resource for tailings material on
its Gowganda Silver Project. The tailings piles contain a NI 43-101
compliant resource of 1.94 million tonnes grading 47.5 g/t silver for a
contained resource of 2.96 million ounces of silver in the Indicated
category (Note 3).
Information regarding the mineral resource estimate on the Upper Hallnor
is in the Company's news release dated September 5, 2012 and the
technical report filed on SEDAR October 19, 2012. The Mineral Resource
Statement was prepared for Temex by P&E Mining Consultants Inc. of
Brampton, Ontario in accordance with NI 43-101 by Richard Sutcliffe,
PhD, P.Geo., Eugene Puritch, P.Eng., David Burga, P.Geo., Yungang Wu,
P.Geo., Tracy Armstrong, P.Geo., and Antoine Yassa, P.Geo.,
"independent qualified persons" as defined by NI 43-101.
Information regarding the mineral resource estimate on the Juby Main
Zone is in the Company's news release dated April 29, 2013 and the
technical report filed on SEDAR June 12, 2013. The Mineral Resource
Statement was prepared for Temex by GeoVector Management Inc., Ottawa,
Ontario in accordance with NI 43-101 by Joe Campbell, BSc, P.Geo., Alan
Sexton, MSc, P.Geo., and Duncan Studd, MSc, "independent qualified
persons" as defined by NI 43-101.
Information regarding the mineral resource estimate in the tailings
piles located on the Gowganda Silver Project is in the Company's news
release dated June 8, 2011 and the technical report filed on SEDAR July
21, 2011. The Mineral Resource Statement was prepared for Temex by
GeoVector Management Inc., Ottawa, Ontario in accordance with NI 43-101
by Allan Armitage, PhD, P.Geol., Alan Sexton, MSc, P.Geo., and Joe
Campbell, BSc, P.Geo., "independent qualified persons" as defined by NI
This news release contains forward-looking information which is not
comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events,
results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking information.
Forward-looking information in this news release includes, but is not
limited to, mineral resource estimates, and the development of its
projects as well as the timing related thereto. Factors that could
cause actual results to differ materially from such forward-looking
information include, but are not limited to, general business and
economic uncertainties, future mineral prices, uncertainties in mineral
resource estimates and adverse market conditions, as well as those
risks set out in the Company's public documents filed on SEDAR.
Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information,
which only applies as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed
time frames or at all. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether
as a result of new information, future events or otherwise, other than
as required by law.
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.
SOURCE: Temex Resources Corp.
For further information:
please visit www.temexcorp.com or email: email@example.com or phone: 416-862-2246 toll free: 866-373-6287