Temex Intersects High Grade Gold in Several Holes, Whitney Property, Timmins 33.60 g/t Gold over 2.40 m and 21.20 g/t Gold over 4.10 m

TSX-V:TME; FWB:TQ1

TORONTO, Feb. 9 /CNW/ - Temex Resources Corp. (TSX-V: TME, FWB: TQ1) ("Temex" or "the Company") announces additional drill results from seven holes on its Whitney JV Property ("Whitney" or "the Property") located in the heart of the Timmins Gold Camp. Results are part of the Company's ongoing 15,000 metre diamond drill program which is focused on targets in the Upper Hallnor Mine area. Historically, the high grade Hallnor Mine produced 1.7 million ounces of gold at an average grade of 0.40 oz/ton (13.7 g/t Au).

Highlights:

  • 21.20 g/t gold over 4.10 metres and 3.20 g/t gold over 8.90 metres in Hallnor South Vein system
  • 33.60 g/t gold over 2.40 metres and 44.30 g/t gold over 0.50 metres in Hallnor Main Vein system
  • High grade gold mineralization now extended beyond shallow mine workings

"We are very pleased with the excellent results from our Upper Hallnor Mine diamond drill program as they continue to demonstrate the presence of significant gold mineralization over impressive widths with high grades in the heart of one of the world's most prolific gold districts. We are excited about the property's considerable potential to define an economic gold resource near-surface and proximal to infrastructure. Additional drilling will systematically define the several high priority targets," commented Ian Campbell, President and CEO.

Results reported are from seven holes drilled into shallow targets in the immediate Hallnor Mine area. Four holes (TW10-111, 114, 115 and 117) tested extensions of the Hallnor South Vein system, whereas three holes (TW10-118, 122 and 124) tested for additional gold mineralization in the Hallnor Main veins. Significant intersections are reported in the attached table.

In the Hallnor South Vein area, all four holes testing extensions of the south veins cut several sets of quartz veins including veins with fine-grained visible gold. Results include 21.20 g/t gold over 4.10 metres at a down hole depth of 21.50 metres in hole TW10-111, including higher grade sections assaying 63.10 g/t gold over 0.50 metres and 41.80 g/t gold over 1.0 metre. Additional results include 8.90 metres grading 3.20 g/t gold in TW10-114 and 2.00 metres grading 14.0 g/t gold in hole TW10-115.

Two of the three holes completed in the Hallnor Main veins confirmed high-grade gold mineralization at shallow depths in an unmined area. Results include 2.40 metres grading 33.60 g/t gold with a high grade interval of 121.00 g/t gold over 0.50 metres in hole TW10-122 cut at 20.70 metres down hole and 44.30 g/t gold over 0.50 metres in hole TW10-118 at a down hole depth of 60.50 metres.

Exploration is being conducted by the Company under the terms of a joint venture agreement between Temex (60%) and Goldcorp Canada Ltd. (40%) (news release June 29, 2010; www.temexcorp.com).

Jari Paakki, P. Geo., Vice-President, Exploration of the Company, is the designated "qualified person" (within the meaning of National Instrument 43-101) responsible for the preparation of this news release. 

About Temex Resources Corp.
Temex is a Canadian based exploration company focusing on its portfolio of precious metals properties in northeastern Ontario, a world class mining district.  Temex is focussed on exploring the Timmins Gold Project, and specifically the property known as Whitney, in partnership with Goldcorp and at the same time advancing its Juby Gold Project, one component of which is the 100% owned Juby Lease Property which contains a National Instrument 43-101 Indicated resource of 614,000 ounces of gold and an Inferred resource of 602,000 ounces of gold.

Table 1.  Significant results from drill holes reported in this release

Hole From (m) To (m) Core Length
(m)
Au (g/t)
Hallnor South Vein
TW10-111
including
and
21.50
22.00
23.20
25.60
22.50
24.20
4.10
0.50
1.00
21.20
63.10
41.80
TW10-114
 
 
26.90
50.20
61.00
35.80
52.00
63.00
8.90
1.80
2.00
3.20
4.40
5.10
TW10-115
 
 
 
16.50
54.80
95.80
131.10
26.00
57.90
97.80
134.10
9.50
3.10
2.00
3.00
2.40
3.90
14.00
6.00
TW10-117
 
including
and
73.90
241.10
241.10
246.00
79.10
246.60
241.70
246.60
5.20
5.50
0.60
0.60
1.90
3.40
17.90
11.80
Hallnor Main Vein
TW10-118
 
 
 
22.50
35.80
60.50
147.40
25.50
38.80
61.00
149.60
3.00
3.00
0.50
2.20
2.70
3.40
44.30
3.50
TW10-122
including
20.70
21.80
23.10
22.30
2.40
0.50
33.60
121.00
TW10-124   no significant assays    

Notes: Temex has implemented a quality control (QA/QC) program which includes the use of standards and blanks.  Samples of split NQ core are transported by Company personnel to Activation Laboratories in Timmins, Ontario in sealed bags.  The remaining half of the core is kept as a permanent record and stored at a secure facility in Timmins.  The core samples are analyzed using a 30 gram standard fire assay method.  Pulp metallic gold assaying is performed as required on samples where visible gold is observed.  Intervals reported are core lengths.  True widths are unknown at this time. *Estimates reported are historical in nature and are not in compliance with NI 43-101 "Standards of Disclosure for Mineral Deposits" and therefore should not be relied upon.

Forward Looking Statements:
This news release includes certain "forward-looking statements".  Such forward-looking statements involve risks and uncertainties.  The results or events predicted in these forward-looking statements may differ materially from actual results or events.  The Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

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:

For More Information please visit www.temexcorp.com or email: info@temexcorp.com or phone: 416-862-2246  toll free: 866-373-6287

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