Temex Resources Corp. (TSX-V: TME, FWB: TQ1) announces additional drill results for ten holes completed on its Whitney JV Property located in the heart of the Timmins Gold Camp.
The Property is being explored by the Company under terms of a joint venture agreement between Temex (60%) and Goldcorp Canada Ltd. (40%).
Highlights:
- 180.00 g/t gold over 0.50 metres in Upper Q Zone
- 20.48 g/t gold over 1.70 metres including 54 g/t gold over 0.60 metres in Bonetal Mine footwall.
- Assays for 15 holes pending.
- Drilling set to resume on near surface exploration targets.
Results released are part of the Company's 2010 diamond drill program on the Whitney JV Property with over 14,000 metres completed to date in 46 holes. Assays are pending for approximately 15 additional drill holes and will be released upon receipt, while diamond drilling is set to resume on near surface exploration targets.
"Results of our ongoing drilling in the Upper Hallnor Mine area continue to demonstrate the presence of significant gold mineralization and structures in the Bonetal, 1-55 Veins and the Hallnor Footwall areas. We are also very encouraged by the discovery of very high grade gold mineralization in the Upper Q Zone which validates the high grade nature of the vein systems in this area. The Q Zone is a high priority zone and will be further tested upon availability of a suitable drilling rig," commented Ian Campbell, President and CEO.
Four holes were drilled to test the Q Zone where previous Temex holes TW10-78 and TW10-79 encountered significant gold mineralization including 17.71 g/t over 2.90 metres, 90.35 g/t over 0.50 metres and 29.91 g/t over 1.40 metres. The Q Zone is interpreted by the Company to represent the down-dip extension of the Upper Hallnor vein structures. The four holes deviated significantly and therefore did not intersect the main Q Zone target area and therefore this target remains wide open in both the up-dip and down-dip directions and will be tested upon availability of a suitable drilling rig.
One of the Q Zone holes intersected significant veining up-dip of the target area and returned 180.00 g/t gold over 0.50 metres confirming the high grade nature of the Q Zone vein system. This new zone is interpreted to represent the extension of the structure hosting the 1-55 vein system (news release January 4, 2011) approximately 250 metres down dip. Additional intersections include 4.82 g/t over 0.50 metres and 2.00 g/t over 0.60 metres, 2.97 g/t over 0.50 metres, 2.10 g/t over 0.70 metres and 2.52 g/t over 1.40 metres.
Four shallow holes were drilled to test the western portion of the Upper Hallnor Mine footwall and all the holes confirmed the presence of gold-bearing veins yielding 54.0 g/t gold over 0.60 metres including 20.48 g/t gold over 1.70 metres in hole TW10-106, 6.80 g/t gold over 0.50 metres in TW10-89, 6.71 g/t gold over 1.70 metres in TW10-103, and 3.17 g/t gold over 1.20 metres in TW10-105.
Two shallow level holes (TW10-86 and TW10-87) were drilled into the Bonetal Mine footwall area in order to test for additional volcanic hosted quartz veining and both holes intersected gold mineralization within several veined zones including 3.74 g/t over 3.70 metres, 6.54 g/t over 1.00 metres and 1.86 g/t over 4.70 metres.
Jari Paakki, P. Geo., Vice-President, Exploration of the Company, is the designated "qualified person" (within the meaning of National Instrument 43-101) responsible for the preparation of this news release.
Source: Temex Resources Corp.