TORONTO, Dec. 6 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") and its partner MacDonald Mines
Exploration Ltd. ("MacDonald") announce they have mobilized a diamond drill to
begin testing several high priority geophysical targets on properties in the
area of, and immediately adjacent to, the Noront Double Eagle Ni-Cu-PGE
Discovery in the Webequie area of northern Ontario.
The first of several targets to be evaluated in this initial phase of
diamond drilling is a well defined magnetic and electromagnetic feature that
is known to extend for a minimum length of 400 metres based on the ground
survey data gathered to date. Over the 400 metre interval the target body is
very conductive and has a positive magnetic correlation on all lines surveyed
Ground and airborne geophysical surveys are continuing and other targets
have been outlined, some of which will be diamond drill tested this month. It
is currently anticipated that a total of 3 to 4 targets will be drill tested
this month with additional drilling set to continue in early 2008. The exact
location of the additional proposed drill sites will be refined as additional
geophysical data is gathered and interpreted over the ensuing weeks.
Virtually nothing is known of the geology close to the initial target due
to the complete overburden cover in the area, however geophysical
interpretation of the available regional data suggests the area is likely
underlain by rocks similar to those that host the Noront Double Eagle
Ni-Cu-PGE approximately 5 km to the west. It is also possible that the area
may host rocks similar to those hosting the McFauld's area copper-zinc
mineralization some 15 km to the northeast.
Chairman Bruce Durham commented, "We are excited to be drill testing some
of these high priority targets on the joint venture property so quickly. We
began acquiring land close to the Noront discovery immediately after Noront's
announcement of their very significant nickel-copper discovery and have been
focusing our efforts at moving the project along as quickly as possible. We
understand that there may be as many as twelve drills operating for various
companies in the area so it will be a busy winter for everyone."
Temex and MacDonald are equal partners on several properties in the
vicinity of Noront's Double Eagle Ni-Cu-PGE discovery. Shortly after acquiring
the properties the companies established the framework for the completion of
certain work on the property prior to year end. That plan included airborne
and ground follow-up geophysical surveying and initial diamond drilling of at
least some of the resultant targets. MacDonald, the Operator expects drilling
operations to commence in the next few days. The properties subject to the
agreement total 1479 claim units and cover more than 60,000 acres.
Bruce Durham, P.Geo., is the designated Qualified Person responsible for
the preparation of this News Release.
Temex is a well-funded Canadian exploration company focused on advancing
its precious metal, diamond, nickel and uranium projects in Manitoba and
On behalf of the Board of Directors,
President and CEO
(*) The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release (*)
For further information:
For further information: On Temex please contact Ian Campbell or Bruce
Durham at (416) 862-2246 or visit the Company's website at www.temexcorp.com.