Temex discovers high grade gold on Latchford Gold Project 112.29 g/t and
49.75 g/t gold
TSX Venture Exchange: TME,
Highlights
- Individual assays from grab samples include 112.29 g/t, 49.75 g/t, 11.64 g/t, 9.14 g/t and 4.53 g/t gold - Gold mineralization occurs within fractures cutting Proterozoic basal sediments near unconformity with Archean basement rocks - Soil survey completed with assays pending; geophysics set to begin - Diamond drill targets being prioritized
The current program has expanded the area of gold in bedrock mineralization to the south and east with several significant individual gold values from grab samples ranging from 0.51 g/t up to 4.53 g/t, 6.24 g/t, 9.14 g/t, 11.64 g/t, 49.75 g/t and 112.29 g/t gold. These gold values build on the initial discovery of this new trend made late in 2008 from which grab samples included gold assays of 4.08 g/t, 4.78 g/t, 5.52 g/t and 11.97 g/t gold from similar rock types. Gold mineralization is directly associated with gossanous fractures, up to several cm wide, cutting Proterozoic sediments interpreted to be near the unconformity with Archean rocks, and have associated anomalous copper, silver and iron oxide mineralization. Updated graphics are available on the Company website at www.temexcorp.com.
Commented
Other components of the program completed this fall included linecutting and soil geochemical sampling with a total of 1055 B-horizon soil samples being collected for which analytical results are pending. Ongoing field work includes prospecting and geological mapping, with induced polarization geophysical surveying being planned within the target zone to prioritize drill targets.
The LGP was initiated following the discovery of vein-style bonanza gold mineralization ((greater than)6,000 g/t gold) 5 kilometres 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.
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 *
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For further information: Ian Campbell, President and CEO or Bruce Durham, Executive Chairman at (416) 862-2246 or visit www.temexcorp.com
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