TSX Venture Exchange: TME, Frankfurt Exchange: TQ1
TORONTO, June 12 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:
TME, Frankfurt: TQ1) ("Temex" or "the Company") announces the acquisition of a
nickel exploration property adjacent to the Golden Chalice nickel discovery
property near Timmins, Ontario.
Based on the grade and width of the nickel mineralization announced by
Golden Chalice Resources Inc. ("Chalice") in late May, Temex initiated a
property acquisition program commencing on the day of the announcement. On
May 6, 2007, Chalice reported that drill hole GCL07-06 intersected 1.14%
nickel over 72.50 metres, including two separate mineralized intervals of
2.23% nickel over 17.50 metres of drill core, and 1.74% nickel over
13.10 metres of drill core with higher values of up to 5.7% nickel occurring
with sulphide concentrations.
Since the announcement, Temex has staked 161 units covering 6,440 acres
in two claim groups adjacent to, or in proximity to the Chalice nickel
discovery. One of the claim groups of 29 units covering 1,160 acres is
adjacent to the southwest of the Chalice discovery and the other is located
further to the southwest and east-northeast of the historic Texmont nickel
mine. Both property positions were designed to cover the known or interpreted
location of under-explored ultramafic rocks similar to those that host the new
Chalice discovery and also the nickel mineralization at Redstone Mine, the
McWatters Deposit, the Langmuir mine and the Texmont Mine.
Personnel of the Company have a proven history of having completed
exploration programs in the area dating back more than 30 years. The intimate
knowledge of the area is being utilized to assemble a significant land package
covering areas of under-explored favourable geology similar to the host
lithologies at the various nickel deposits. The Company intends to initiate
exploration on the claims once the property position is finalized.
For further information please contact Ian Campbell or Bruce Durham at
416-862-2246. Graphics highlighting the new acquisitions will be posted to the
Company website at www.temexcorp.com. Temex is a well-funded Canadian
exploration company focused on advancing its precious metal, diamond and
nickel projects in 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(*)
For further information:
For further information: please contact Ian Campbell or Bruce Durham at