TSX Venture Exchange: TME, Frankfurt Exchange: TQ1
TORONTO, Sept. 19 /CNW/ - Temex Resources Corp. (TSX Venture
Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") is pleased to announce
that based on the initial report of the drill intersection of a broad copper
bearing mineralized zone on August 28, 2007 by Noront Resources Ltd.
("Noront"), Temex and MacDonald Mines Exploration Ltd. ("MacDonald Mines")
entered into a Joint Venture arrangement as equal partners to acquire by
staking, a significant land position adjacent to and in the general area of
what the partners perceived to be, at that time, a significant copper ("Cu")
and likely nickel ("Ni") discovery. The announcement of the assay results by
Noront on September 10, 2007 confirmed this conclusion and the partners wish
to provide a progress report with respect to the on-going land acquisition
By initiating the staking program immediately subsequent to the initial
report by Noront on August 28, 2007 and not waiting for assay results, the
partners have largely avoided competitive staking situations and have
successfully acquired several claim groups adjacent to the south boundary of
the Noront Double Eagle Project, covering what is interpreted to be the
contact of an important geological unit. The Joint Venture has also acquired a
substantial claim group 20 km to the north of the Noront Ni-Cu discovery
covering a series of magnetic high features. An 80 claim unit group has been
completed to the southwest of the discovery and a very large block of claims
that, when completed, will cover an area of interpreted favourable geology
measuring nearly 10 km by 15 km except for small areas staked by other
Commenting on the recent developments in the area, Bruce Durham P.Geo.
stated, "Based on my experience with Canadian Royalties exploring for similar
magmatic Ni-Cu-PGE deposits in the Raglan South area, I expect that the Noront
discovery will be proven to be significant and I would be surprised if other
discoveries of similar mineralization were not made in the coming months.
There has been virtually no exploration carried out for Ni-Cu-PGE deposits in
the area and consequently there is huge potential for more discoveries by
Noront, ourselves and others."
The helicopter supported staking crew of 10 men continue to acquire
additional mining claims at this time and a further report will be provided
when the land acquisition program is complete. To date more than 1500 claim
units have been acquired covering more than 24,000 hectares.
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
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: on Temex please contact Ian Campbell or Bruce
Durham, Executive Chairman at (416) 862-2246 or visit the Company's website at