Temex intersects gold mineralization in several holes on Juby North Property

    TSX Venture Exchange: TME, Frankfurt Exchange: TQ1

    TORONTO, Nov. 7 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") reports results from a recently
completed 7-hole 1205 metre drill campaign carried out on the Juby North Gold
Property located 20 kilometres west of Gowganda, Ontario. The drill program
followed up on the previous program which discovered several new gold zones,
and represents the initial phase of a $250,000 approved exploration program
that includes geophysics and two phases of drilling. The Property comprises
5,360 acres and is subject to the terms of a 60:40 Joint Venture agreement
between Temex and Goldeye Explorations Limited ("Goldeye").

      -  New gold zone discovered yielding 15.0 g/t gold over 2.15 metres
      -  New gold zones wide open along strike and defined by a 650-metre
         long untested geophysical anomaly
      -  6.76 metres grading 3.31 g/t gold including 2.52 metres grading
         7.46 g/t gold within the main Tyrrell Structural Zone
      -  Phase 2 drill program being planned

    Drill hole JU 07-89 was drilled 50 metres to the west of previous drill
hole JU 04-64 which targeted an induced polarization ("IP") geophysical
anomaly and discovered a new gold zone. In previous drill hole JU 04-64,
higher grade intercepts of 3.24 g/t gold over 2.24 metres (including 5.85 g/t
gold over 1.11 metres) and 5.18 g/t over 1.71 metres were intersected within a
broader auriferous zone that averaged 0.89 g/t gold over 29.85 metres. Hole JU
07-89 intersected multiple gold zones including a new gold zone which assayed
15.0 g/t gold over 2.15 metres. Further downhole, two zones of gold
mineralization, representing the extension of gold zones in hole JU 04-64,
were intersected. The first intersection assayed 3.41 g/t gold over
2.94 metres while the second broad zone of gold mineralization assayed 1.22
g/t gold over 10.06 metres. In addition, a fourth gold zone yielded 5.33
metres grading 2.33 g/t gold, including 1.50 metres grading 4.53 g/t gold. The
gold mineralization occurs within intensely altered siltstones and feldspar
porphyries within a sequence of mafic volcanic rocks and is associated with up
to 10% disseminated pyrite and minor chalcopyrite. This zone is open in all
directions and is associated with a 650-metre long induced polarization ("IP")
chargeability anomaly with a coincident gold in soil geochemical anomaly.
    Commented Ian Campbell, President and CEO, "We are very pleased with the
results of this drill program, particularly the gold intersections in hole 89
which illustrates the potential for new gold discoveries. The results continue
to expand the area of widespread gold mineralization in an area of the
property that has received very little drilling to date, where our technical
team recognized excellent potential for new discoveries. We are looking
forward to the next drill program."
    Among the other drill holes completed during this campaign, two holes
tested the depth and strike extension of the gold mineralization intersected
in previous hole JU 04-57 which intersected 4.77 g/t gold over 4.91 metres
within a broader gold bearing zone which yielded 1.19 g/t gold over a core
length of 29.53 metres. Hole JU 07-92 intersected 5.55 g/t gold over
4.62 metres, including 3.23 g/t gold over 9.37 metres, 30 metres vertically
below the intersection in hole JU 04-57. This intersection occurred within a
broader gold halo grading 1.67 g/t gold over 32.67 metres. Hole JU 07-93,
drilled 50 metres to the west of JU 07-92, intersected two gold zones with the
upper zone yielding 1.16 g/t gold over 21.20 metres. The lower zone yielded
3.31 g/t gold over 6.76 metres, including 7.46 g/t gold over 2.52 metres. This
gold zone is on the Tyrrell Structural Zone ("TSZ") which hosts the Juby Main
Zone and is 400 metres to the west of where Inmet Mining Corp. previously
intersected 234 g/t gold over a core length of 1.5 metres. Further to the west
along the TSZ, Goldeye has reported a number of gold intersections including
9.4 metres grading 7.24 g/t gold and 2.05 metres grading 217.52 g/t gold.
    The current drill campaign was focused approximately 2 kilometres to the
northwest of the Juby Main Zone, which contains a significant NI 43-101 gold
resource on Temex's 100% owned Juby Lease Property (Temex NR February 16,
2005; www.sedar.com). The gold resource at the Juby Lease Property includes a
total drill indicated resource of 479,000 ounces of gold grading 1.73 g/t gold
at a cut-off grade of 1.0 g/t gold, including a core of 315,000 ounces of gold
at 2.20 g/t gold, and a total inferred resource of 120,000 ounces of gold
grading 2.03 g/t gold at a cut-off grade of 1.5 g/t gold. This resource is
contained from surface to a vertical depth of 400 metres and is unexplored at
    Highlights of the drill results are included in the table following this
news release. A map illustrating the drill highlights will be posted on the
Company website at www.temexcorp.com. 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,

    "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(*)

               Juby North Joint Venture Drill Result Highlights

      Hole            From(m)       To(m)      Width       Gold(g/t)
    JU 07-87           10.85       13.60        2.75           1.40
                      195.92      200.39        4.47           1.72
    including         197.30      198.85        1.55           3.05
                      230.79      232.30        1.51           2.82
    JU 07-88      No significant values
    JU 07-89           41.97       47.30        5.33           2.33
    including          42.70       44.20        1.50           4.53
                      133.50      135.65        2.15          15.00
    including         134.33      135.27        0.94          33.74
                      180.35      183.29        2.94           3.41
                      216.25      226.31       10.06           1.22
    JU 07-90          102.70      104.00        1.30           1.24
                      119.60      120.90        1.30           1.10
    JU 07-91           44.35       46.00        1.65           1.16
                       53.00       56.00        3.00           1.03
    including          54.40       54.60        0.20           7.41
    JU 07-92           87.63      120.30       32.67           1.67
    including          87.63       97.00        9.37           3.23
    including          87.63       92.25        4.62           5.55
    including          88.40       92.25        3.85           5.77
                      105.00      108.00        3.00           3.37
    including         107.00      108.00        1.00           8.23
    JU 07-93           57.60       78.80       21.20           1.16
    including          63.00       63.60        0.60           4.11
       and             76.30       78.80        2.50           2.53
                       97.24      104.00        6.76           3.31
    including          97.24       99.76        2.52           7.46

    The drill core was sampled using a diamond saw to cut the core in half
with one half returned to the core tray and the other half put into the sample
bag. The samples were transported by Temex personnel to Swastika Laboratories
in Swastika, Ontario. Gold analyses were performed using standard fire assay
techniques. Quality control/quality assurance standard and blank samples were
inserted into the sample stream. No appreciable discrepancies were observed in
the results from these samples.

    %SEDAR: 00005513E

For further information:

For further information: Ian Campbell, or Bruce Durham, at (416)

Organization Profile

Temex Resources Corp.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890