Temex announces Uranium Star to spend $1 million on Merico Ethel and Yarrow gold-copper-uranium properties



    TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

    TORONTO, Sept. 26 /CNW/ - Temex Resources Corp. (TSX Venture
Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") is pleased to announce
that it has entered into an Option and Joint Venture Agreement (the
"Agreement") with Uranium Star Corp. ("Uranium Star") granting Uranium Star
the option to earn a 50% undivided interest in its 100% owned Merico Ethel and
Yarrow gold-copper-uranium properties located in the Elk Lake area of
northeastern Ontario.
    The Merico Ethel property hosts a variety of styles of mineralization
including several narrow zones of high-grade, "Cobalt-type" vein systems
containing copper, gold, silver, and cobalt mineralization, from which grab
samples include results of up to 22.35 g/t Au, 109.60 g/t Ag, and 23.68% Cu.
The property, situated near the northern margin of the Paleo-Proterozoic
Huronian sedimentary basin, which has recently been recognized by the
Geological Survey of Canada for its high potential to host "Athabasca-type"
unconformity-associated mineralization (Jefferson et al., 2007), is also host
to near-surface uranium mineralization and extensive areas of hematite
alteration.
    The Merico Ethel and Yarrow properties are part of Temex's Latchford Gold
Project (with 12 properties totalling over 75,000 acres), situated around the
margins of the Huronian sedimentary basin. The project was originally acquired
by Temex following its discovery of Proterozoic-aged, bonanza-style gold
mineralization in a large boulder on the Brett property, 50 kilometres to the
south from which individual grab samples yielded up to 210 ounces per tonne Au
(6,222 g/t Au). In addition to the potential to host high grade Cobalt-type
vein systems containing bonanza gold, silver, etc., Temex recognized the
additional potential of the properties to host unconformity mineralization
including Athabasca-type uranium deposits. Regional structures such as the
Montreal River Fault have clearly influenced the location of mineralization on
the Merico Ethel property, and fault reactivation has likely acted to offset
the regionally extensive unconformity surface that separates the overlying
Huronian sedimentary rocks from the Archean basement to produce excellent
structural traps for oxidizing, mineralizing fluids carrying uranium, copper,
and gold. The Montreal River Fault is spatially associated with the
Archean-age giant Kidd Creek massive sulphide deposit, the Porcupine and
Matachewan gold camps, and the Paleo-Proterozoic Cobalt silver camp.
    A 3000 metre diamond drill program will begin immediately to test several
induced polarization ("IP") chargeability anomalies detected by Temex,
including a large northeast trending horizontal anomaly with a strike
exceeding 1000 metres and width of up to 800 metres. The source of that
anomaly is interpreted as a sulphide-related feature at or near the
Proterozoic:Archean unconformity. Concurrent with the drill program, a field
program consisting of additional line-cutting over the entire Merico property
will be carried out, followed by induced polarization ("IP") geophysics,
magnetic surveying, a detailed gravity survey, and soil sampling. The IP
survey will further delineate those anomalies remaining open to expansion and
definition and will also be extended to cover the area of the Sauve
uranium-copper-gold occurrence in the north-eastern portion of the property
from which grab samples have yielded up to 1.56% U(3)O(8), 14.64% Cu and 0.94
g/t Au.
    Commented Ian Campbell, "We are very pleased to have a company such as
Uranium Star working with us on this project and are very excited about the
upcoming drill program. The Merico Ethel and Yarrow properties form an
integral part of our Latchford Gold Project and they are situated in a very
interesting geological environment offering up multiple possibilities for
discoveries."
    In order to earn a 50% interest in the properties excluding the diamond
rights, Uranium Star must pay Temex $50,000 on signing and complete $950,000
in exploration expenditures by June 30, 2008. Subject to completing the terms,
Temex and Uranium Star will form a 50:50 Joint Venture to further explore the
property. Temex retains the diamond rights. The terms of the Agreement are
subject to regulatory approval and the approval of the Board of Directors of
each Company.
    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 focused on advancing
its precious metal, diamond, nickel and uranium projects in Manitoba and
Ontario.

    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(*)

    %SEDAR: 00005513E




For further information:

For further information: Ian Campbell or Bruce Durham at (416) 862-2246
or visit the Company's website at www.temexcorp.com.

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