TSX Venture Exchange:TME, Frankfurt Exchange:TQ1
TORONTO, Feb. 27 /CNW/ - Temex Resources Corp. (TSX Venture:TME,
Frankfurt:TQ1) ("Temex") announces that drilling on the Hallnor Mine block of
the Whitney Township Property (the "Property") in Timmins continues to
intersect high grade gold values at depth. The results reported today are from
drill hole TW08-77W6, the sixth wedge hole of the drill program being
conducted on the Lower Hallnor Mine block and which targeted the south limb of
the 19 Vein structure.
Hole TW08-77W6 yielded 21.02 g/t gold over a core length of 2.30 metres
including 77.66 g/t over 0.60 metres from a zone of quartz stringers and
veinlets on the south limb of the 19 Vein system. The new intersection lies
approximately 50 and 100 metres below and down dip of the 19 Vein
intersections previously encountered in holes TW08-77W1 and TW08-77, which
yielded 3.15 g/t gold over 3.10 metres and 21.10 g/t over 6.55 metres
respectively. This intersection is significant as it represents the deepest 19
Vein intersection drilled to date in the West Boundary area and where previous
mining had not crossed the former Lower Hallnor Mine's west boundary due to a
lack of ownership at that time.
Hole TW08-77W6 also intersected a broad zone of quartz veinlets and
stringers within the projected 13 Vein area and yielded significant assay
results of 17.83 g/t gold over 0.50 metres and 1.53 g/t gold over 1.00 metres.
Previous results reported by Temex from the current drill program include
86.18 g/t gold over 0.50 metres within a zone grading 5.90 g/t gold over 9.10
metres and 19.00 g/t gold over 0.80 metres. These holes occur approximately
250 metres west and down plunge of an historic hole which yielded 2.29 g/t
gold over 4.57 metres and 207.77 g/t gold over 0.61metres. The fifth wedge
hole TW08-77W5 was not completed due to technical drilling issues.
Commented Ian Campbell, President and CEO, "The drill intersections
reported to date continue to meet and exceed our expectations for
demonstrating the extensions of the previously mined high grade gold systems.
We are particularly pleased with the fact that all holes drilled to date have
intersected the main mine horizons tested and that these are characterized by
mineralization including visible gold in every hole, alteration and structure
typical of the mined areas. The presence of visible gold and a strong nugget
effect within the vein systems being drill tested was typical of the Lower
Hallnor Mine veins where high grade mined stopes commonly had a low percentage
of ore grade drill hole intersections."
Drilling is on-going in the 19 Vein area which has historically provided
the highest gold grades in the former Lower Hallnor Mine. The two main high
grade vein systems mined up to this former boundary were the 11 and 19 Veins
which produced 450,000 tons grading 0.30 opt (10.29 g/t) gold and 650,000 tons
grading 0.42 opt (14.40 g/t) gold.
The Property is located in the heart of the Timmins Gold Camp, in the
centre of a 4 kilometre, 10+ million ounce gold mine trend and includes the
former Hallnor Mine, one of the highest grade gold mines in the Camp with
historic production totalling 1.65 million ounces of gold at an average grade
of 0.40 opt (13.71 g/t) gold. The Property is owned by Porcupine Gold Mines
("PGM", a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) and
Temex has the option to earn a 60% interest.
Henry Hutteri, P. Geo., is the designated qualified person responsible
for the preparation of this news release. Temex is a Canadian exploration
company advancing its precious metal, nickel, diamond, and uranium projects in
Ontario. For further information, contact Ian Campbell, President and CEO or
Bruce Durham, Executive Chairman at 416-862-2246 or visit www.temexcorp.com.
Temex management invites you to visit them March 1-2, 2009 at Booth 2412 at
PDAC at Toronto Convention Centre South Building.
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(*)
Note: Temex has implemented a quality control (QA/QC) program which
includes the use of standards and blanks. Samples of split NQ core were
transported by Company personnel to Swastika Laboratories in Swastika, Ontario
in sealed bags. The remaining half of the core was kept as a permanent record
and stored at a secure facility in Timmins. The core was analyzed using a 30
gram standard fire assay method. Pulp metallic gold assaying was performed on
the larger veins. Intervals reported are core lengths.
For further information:
For further information: Ian Campbell, President and CEO or Bruce
Durham, Executive Chairman at (416) 862-2246 or visit www.temexcorp.com