Temex and Goldeye announce drill results on Juby North JV Property



    TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

    TORONTO, June 26 /CNW/ - Temex Resources Corp. (TSX Venture:TME,
Frankfurt:TQ1) ("Temex" or the "Company") and partner Goldeye Explorations
Limited ("Goldeye"), announce results from a diamond drill program recently
completed on the Juby North JV Property located 20 km west of Gowganda,
Ontario. The 10 hole, 1,980 metre program was completed as part of an expanded
$400,000 exploration program on the Property (news release Feb 26, 2008)
bringing the total program to 17 holes for 3,185 metres.

    Highlights

    
    -  Western Juby Main Zone ("JMZ") extended at depth with 1.26 g/t gold
       over 61.60 metres including 2.47 g/t gold over 22.30 metres and
       5.43 g/t gold over 3.65 metres.
    -  Gold zones extended along strike and to depth with intervals up to
       1.66 g/t gold over 4.03 metres including 5.14 g/t gold over
       0.85 metres.
    -  Phase 3 field program recommended to begin late summer
    

    Drilling continued to expand at depth the western extension of the JMZ,
defined by previous intersections including hole JU-07-93 which yield
6.76 metres grading 3.31 g/t gold including 2.52 metres grading 7.46 g/t gold
(news release Nov 7, 2007). Two holes in the current program (JU-08-94 and
JU-08-95) tested the structure below the previous intersections, with both
holes intersecting broad zones of gold mineralization enclosing higher grade
cores. JU-08-94 yielded an interval of 1.26 g/t gold over 61.60 metres
including 2.47  g/t gold over 22.30 metres and a higher grade interval of 5.43
g/t gold over 3.65 metres. JU-08-95 drilled 50 metres along strike intersected
a narrower interval of JMZ mineralization of 1.21 g/t gold over 4.23 metres,
but also intersected a new gold zone below the JMZ which yielded 1.86 g/t gold
over 5.95 metres including 2.23 g/t gold over 4.50 metres, and including 5.07
g/t gold over 1.20 metres. The gold zone has now been tested over a strike
length of 100 metres and to a vertical depth of 180 metres where it remains
open to expansion.
    Four drill holes extended the strike and depth extension to gold
mineralization discovered during the 2007 drill campaign including hole
JU-07-89 which intersected multiple gold zones including 5.33 metres grading
2.33 g/t gold, 1.50 metres grading 4.53 g/t gold, 3.41 g/t gold over 2.94
metres, 1.22 g/t gold over 10.06 metres and 15.0 g/t gold over 2.15 metres.
These intersections are within shear zones containing altered siltsones and
feldspar porphyry intrusive units accompanied by intense silicification and
quartz veining. Hole JU-08-99, drilled 50 metres along strike to the west of
hole JU-07-89 intersected 0.91 g/t over 5.39 metres and a second interval of
0.57 g/t gold over 12.37 metres, while hole JU-08-100 drilled below JU-07-89
intersected several auriferous zones including 0.94 g/t gold over 6.48 metres,
0.82 g/t gold over 3.90 metres, 0.58 g/t gold over 8.98 metres, and 1.66 g/t
gold over 4.03 metres, including 5.14 g/t gold over 0.85 metres.
    A new zone of gold mineralization was encountered in hole JU-08-98
grading 2.39 g/t gold over 1.73 metres on the most western section drilled on
the Property. Four other drill holes tested both discrete and broad IP
chargeability anomalies to the north in areas of the Property not previously
tested. The cause of the anomalies was determined to be iron sulfide
concentrations in mafic to ultramafic volcanic rocks and no significant gold
values were encountered.
    The Company is encouraged by the results as the program extended the
auriferous zones and demonstrated the potential for not only significant
strike lengths with the potential for higher grade shoots, but also the
potential for additional gold discoveries. Additionally, the discovery of a
new gold zone in an area in which there has been no previous work indicates
that there are other areas of the property in which to expand the potential. A
program of geological mapping incorporating the results of the current
drilling has been recommended to continue to advance the program.
    The Juby North Property covers 5,520 acres and is subject to the terms of
a 60:40 Joint Venture Agreement between Temex and Goldeye; Temex is the
operator. The areas to be drilled are located within 2 km to the northwest of
the Juby Main Zone, located on the 100% Temex owned Juby Lease Property, which
contains a significant NI43-101 compliant gold resource (news release Feb 16,
2005; www.sedar.com). The Juby Lease includes an indicated resource of 479,000
ounces of gold grading 1.73 g/t gold at a cut-off grade of 1.0 g/t gold,
including a core of 315,000 ounces of gold at 2.20 g/t gold at a cut-off grade
of 1.5 g/t gold, and an inferred resource of 120,000 ounces of gold grading
2.03 g/t gold at a cut-off grade of 1.5 g/t gold. This resource is contained
from surface to a vertical depth of 400 metres and the area is unexplored at
depth.
    Ian Campbell, P. Geo., is the designated qualified person responsible for
the preparation of this news release. Temex is a well-funded Canadian
exploration company advancing its precious metal, nickel, diamond, and uranium
projects in Ontario. For further information, contact Ian Campbell or Bruce
Durham at 416-862-2246 or visit www.temexcorp.com. Investors are invited to
visit the Temex IR Hub at http://www.agoracom.com/ir/Temex where they can post
questions and receive answers or review questions and answers already posted
by other investors. Alternatively, investors are able to e-mail all questions
and correspondence to mailto:TME@agoracom.com where they can also request to
be added to the investor e-mail list to receive all future press releases and
updates in real time.

    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(*)


    
    Juby North Joint Venture Drill Results from 2007 and 2008 Campaigns


      Hole              From (m)      To (m)       Width       Gold (g/t)
    -------------------------------------------------------------------------
    JU-07-87             195.92       200.39         4.47         1.72
    including            197.30       198.85         1.55         3.05
                         230.79       232.30         1.51         2.82
    -------------------------------------------------------------------------
    JU-07-89              41.97        47.30         5.33         2.33
    including             42.70        44.20         1.50         4.53
                         133.50       135.65         2.15        15.00
    including            134.33       135.27         0.94        33.74
                         180.35       183.29         2.94         3.41
                         216.25       226.31        10.06         1.22
    -------------------------------------------------------------------------
    JU-07-92              87.63       120.30        32.67         1.67
    including             87.63        97.00         9.37         3.23
    including             87.63        92.25         4.62         5.55
                         105.00       108.00         3.00         3.37
    including            107.00       108.00         1.00         8.23
    -------------------------------------------------------------------------
    JU-07-93              57.60        78.80        21.20         1.16
                          97.24       104.00         6.76         3.31
    including             97.24        99.76         2.52         7.46
    -------------------------------------------------------------------------
    JU-08-94             161.00       161.70         0.70         4.03
                         182.70       244.30        61.60         1.26
    including            182.70       205.00        22.30         2.47
    including            184.00       187.65         3.65         5.43
                         234.25       244.30        10.05         1.16
    -------------------------------------------------------------------------
    JU-08-95             211.50       215.73         4.23         1.21
    including            215.05       215.73         0.68         3.98
                         237.05       243.00         5.95         1.86
    including            238.50       239.70         1.20         5.07
    -------------------------------------------------------------------------
    JU-08-96              99.00       100.65         1.65         0.78
    -------------------------------------------------------------------------
    JU-08-97             187.70       188.93         1.23         0.54
    -------------------------------------------------------------------------
    JU-08-98             174.27       176.00         1.73         2.39
    -------------------------------------------------------------------------
    JU-08-99              17.74        23.13         5.39         0.91
    including             19.62        22.47         2.85         1.17
                          32.40        44.77        12.37         0.57
    -------------------------------------------------------------------------
    JU-08-100             54.78        61.26         6.48         0.94
                         304.52       308.55         4.03         1.66
    including            305.28       306.13         0.85         5.14
    -------------------------------------------------------------------------
    JU-08-101           No significant gold values
    -------------------------------------------------------------------------
    JU-08-102           No significant gold values
    -------------------------------------------------------------------------
    JU-08-103           No significant gold values
    -------------------------------------------------------------------------

    The drill core was sampled using a diamond saw to cut the core in half
with one half returned to the core tray and the other half put into the sample
bag. The samples were transported by Temex personnel to Swastika Laboratories
in Swastika, Ontario. Gold analyses were performed using standard fire assay
techniques. Quality control/quality assurance standard and blank samples were
inserted into the sample stream. No appreciable discrepancies were observed in
the results from these samples.
    

    %SEDAR: 00005513E




For further information:

For further information: contact Ian Campbell or Bruce Durham at (416)
862-2246 or visit www.temexcorp.com.

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