TSX Venture Exchange: TME, Frankfurt Exchange: TQ1
TORONTO, Dec. 10 /CNW/ - Temex Resources Corp. (TSX Venture: TME, Frankfurt: TQ1) ("Temex" or "the Company") announces that a ground induced polarization ("IP") geophysical survey using the Titan 24 DCIP system has been initiated on the Latchford Gold Project (the "LGP") located approximately 25 km south of New Liskeard, Ontario. The survey is being conducted by Quantec Geoscience Ltd. in the area of the new gold in bedrock trend recently discovered and expanded on by Temex on the LGP.
The purpose of the survey is to: a) define specific drill targets within the gold in bedrock trend; b) establish a potential IP and resistivity template for the structural setting and the gold mineralization; and c) detect the unconformity between Proterozoic and Archean rock sequences at depth. The unconformity has been targeted as a high potential zone for the formation of high grade precious metals veins and is a similar geological environment to the Cobalt Silver Camp just to the north.
The new gold in bedrock trend was initially discovered late in 2008 when grab samples returned gold assays of 4.08 g/t, 4.78 g/t, 5.52 g/t and 11.97 g/t gold (news release Apr 07, 2009) from mineralized fractures up to several cm wide which cut flat lying Proterozoic sediments interpreted to be near the unconformity with underlying Archean rocks. This trend was recently expanded to the south and east with several significant individual gold values from grab samples including 112.29 g/t, 49.75 g/t, 11.64 g/t, 9.14 g/t, 6.24 g/t and 4.53 g/t gold (news release Nov 24, 2009). Gold mineralization within the larger areal extent of the trend is associated with anomalous copper, silver and iron oxide mineralization.
The LGP was initiated following the discovery of vein-style bonanza gold mineralization ((greater than) 6,000 g/t gold) located 5 km to the south when detailed geochemical analyses demonstrated that the abundant visible gold in the sample was associated with cobalt-nickel-arsenide minerals in calcite veins and was determined to have an origin similar to that of the ultra high grade silver veins from the world-famous Cobalt and Gowganda silver districts from which past production has exceeded 500 million ounces of silver.
Ian Campbell, P.Geo., is the designated Qualified Person responsible for the preparation of this news release. Temex is a Canadian exploration company advancing its precious metals projects in northeastern Ontario.
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*
SOURCE Temex Resources Corp.
For further information: For further information: Ian Campbell, President and CEO or Bruce Durham, Executive Chairman at (416) 862-2246 or visit www.temexcorp.com