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SUBJECT: NEWS!!!...NOT--TME--BMK LARGE LAND POSITION Posted By: RESEARCHDD
Post Time: 9/19/2007 09:22
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Re: News Releases - Wednesday, September 19, 2007
TEMEX and MacDONALD MINES AGRESSIVELY ACQUIRE SIGNIFICANT LAND
POSITION NEAR NORONT NI-CU DISCOVERY
NEWS RELEASE NR 13-2007
TSX Venture Exchange:TME, Frankfurt Exchange:TQ1
TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") is pleased to announce that
based on the initial report of the drill intersection of a broad copper bearing mineralized zone on August 28, 2007 by Noront Resources Ltd.("Noront"), Temex and MacDonald Mines Exploration Ltd. ("MacDonald Mines") entered into a Joint Venture arrangement as equal partners to acquire by staking, a significant land position adjacent to and in the general area of what the partners perceived to be, at that time, a significant copper ("Cu") and likely nickel ("Ni") discovery. The announcement of the assay results by Noront on September 10, 2007 confirmed this conclusion and the partners wish to provide a progress report with respect to the on-going land acquisition program.
By initiating the staking program immediately subsequent to the initial
report by Noront on August 28, 2007 and not waiting for assay results, the partners have largely avoided competitive staking situations and have successfully acquired several claim groups adjacent to the south boundary of the Noront Double Eagle Project, covering what is interpreted to be the contact of an important geological unit. The Joint Venture has also acquired a substantial claim group 20 km to the north of the Noront Ni-Cu discovery covering a series of magnetic high features. An 80 claim unit group has been completed to the southwest of the discovery and a very large block of claims that, when completed, will cover an area of interpreted favourable geology measuring nearly 10 km by 15 km except for small areas staked by other parties.
Commenting on the recent developments in the area, Bruce Durham P.Geo. stated, "Based on my experience with Canadian Royalties exploring for similar magmatic Ni-Cu-PGE deposits in the Raglan South area, I expect that the Noront discovery will be proven to be significant and I would be surprised if other discoveries of similar mineralization were not made in the coming months. There has been virtually no exploration carried out for Ni-Cu-PGE deposits in the area and consequently there is huge potential for more discoveries by Noront, ourselves andothers."
The helicopter supported staking crew of 10 men continue to acquire
additional mining claims at this time and a further report will be
provided when the land acquisition program is complete. To date more
than 1500 claim units have been acquired covering more than 24,000
hectares.
Ian Campbell, P.Geo., is the designated Qualified Person responsible
for the preparation of this News Release.
For further information on Temex please contact Ian Campbell or Bruce
Durham, Executive Chairman at
416-862-2246 or visit the Company's website at www.temexcorp.com.
Temex is a well-funded Canadian exploration company focused on
advancing its precious metal, diamond, nickel and uranium projects in
Manitoba and Ontario.