article...more headlinesTemex Resources announces positive drill results from Juby
Thursday, February 03, 2011 by Deborah Sterescu
Temex's gold property portfolio is focused in northeastern Ontario, CanadaTemex Resources (TSX-V: TME, FWB: TQ1) announced Thursday additional drill results from its Juby gold deposit in northeastern Ontario, which showed potential for bulk tonnage resources.
Highlights of the round of drilling include hole JU10-109, which intersected 47.00 metres of 1.36 g/t gold, including 8.9 metres of 2.23g/t gold; and hole JU10-108, which returned 40.8 metres of 1.12 g/t gold, including 9.0 metres of 2.06g/t gold.
Drill intersections for the two holes are located approximately 125 metres apart, said the company, with both holes cutting significant gold mineralization, including anomalous gold over core lengths of close to 100 metres.
As a result of the drilling, the deposit has been significantly extended to the west, with the gold deposit remaining open at depth and 1.5 km along strike to the west.
The Juby property, which is located in the Shining Tree gold district, currently contains an NI 43-101 compliant indicated resource of 614,000 ounces of gold grading 1.36g/t gold, and inferred resource of 602,000 ounces grading 1.14g/t gold.
Current drilling is focused on expanding the resource in the east half of the property, which covers less than one half of the strike length of the Juby gold structure. The western half of the structure will be drilled beginning in the second quarter.
The company said it is also testing new exploration targets on the site together with Goldeye Explorations.
Aside from Juby, Canada-based Temex is focused on exploring the Timmins Gold Project, and specifically the property known as Whitney, in partnership with Goldcorp (TSX:G, NYSE:GG).