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Temex Resources Reports Additional Drilling Results from Juby Gold Property in Ontario

Temex Resources Corp. (TSX-V: TME, FWB: TQ1) announces additional drill results from on-going drilling at its 100% owned Juby Gold Property located in the Shining Tree gold district of northeastern Ontario.

Drilling continues to demonstrate wide zones of gold mineralization with excellent continuity in the Juby Main Zone gold deposit.

Highlights:

  • Hole JU10-106: 70.00 metres of 1.20 g/t gold, including 26.00 metres of 2.45 g/t gold
  • Hole JU10-107: 53.50 metres of 1.02 g/t gold, including 18.30 metres of 2.10 g/t gold
  • On-going drilling continues to expand and upgrade the Juby Main Zone gold deposit (>1 million ounces of gold)
  • Deposit remains open at depth and along strike

"Our ongoing drill program at Juby continues to demonstrate excellent continuity of gold mineralization. Since commencing the latest drill program we have expanded the deposit to a vertical depth of 700 metres below surface (news release December 14, 2010) and now we are increasing the confidence level to upgrade inferred resources to the indicated category while adding new inferred resources at the same time. In addition to the ongoing drilling to expand our gold resources at the Juby Main Zone, we are also excited about drilling several new exploration targets in close proximity to our gold deposit," commented Ian Campbell, President and CEO of Temex Resources Corp.

Drill intersections for holes JU10-106 and JU10-107 are located approximately 75 metres apart and both holes intersected significant gold mineralization including anomalous gold over core lengths of well over 100 metres.  Better intersections include 70.00 metres grading 1.20 g/t gold with a higher-grade 26.00 metre interval grading 2.45 g/t gold in JU10-106. In hole JU10-107, the upper part of the mineralized zone assayed 1.52 g/t gold over 18.77 metres and a second interval in the hole intersected 53.50 metres grading 1.02 g/t gold including 2.10 g/t gold over 18.30 metres.

The Juby Main Zone deposit currently contains a National Instrument 43-101 ("NI 43-101") compliant Indicated resource of 614,000 ounces of gold grading 1.36 g/t gold at a cut-off grade of 0.50 g/t gold and Inferred resource of 602,000 ounces of gold grading 1.14 g/t gold at a cut-off grade of 0.50 g/t gold. Gold mineralization occurs within sericite-silica-albite-pyrite altered Timiskaming sedimentary rocks and feldspar porphyries. The deposit remains open at depth and along strike to the west.

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.

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