NEWS Release..Whitney with JV GOLDCORP
Temex Resources drills six m of 14.86 g/t Au at Whitney
2012-06-07 09:04 ET - News Release
Mr. Ian Campbell reports
TEMEX INTERSECTS 14.86 G/T GOLD OVER 6 METRES AND 9.71 G/T GOLD OVER 5 METRES NEAR SURFACE, WHITNEY PROJECT, ONTARIO
Temex Resources Corp. has released high-grade gold results from the remaining holes drilled during winter to spring 2012 which tested the near-surface of the Upper Hallnor mine area of the Whitney property located in Timmins, Ont.
The results reported today are from a program of 32 holes totaling 5,295 metres drilled along a 600 metre strike length in the Upper Hallnor Mine area targeting the Hallnor South Vein, 1-55 Vein West Extension and Hallnor Footwall zones.
Highlights:Hallnor South Vein Area
TW12-205: 3.45 g/t gold over 13.50 metres including 15.15 g/t gold over 0.50 metresTW12-207: 4.15 g/t gold over 3.09 metres1-55 Vein West Extension AreaTW12-218: 6.25 g/t gold over 3.00 metresTW12-222: 9.71 g/t gold over 5.00 metres including 62.30 g/t gold over 0.60 metresTW12-223: 2.20 g/t gold over 14.00 metres including 4.07 g/t gold over 6.20 metresTW12-224: 5.05 g/t gold over 19.00 metres including 14.86 g/t gold over 6.00 metres and 39.60 g/t gold over 1.00 metreHallnor Footwall AreaTW12-227: 83.40 g/t gold over 1.00 metreTW12-230: 1.72 g/t gold over 23.00 metres and 4.22 g/t gold over 6.00 metres including 25.40 g/t gold over 0.90 metresTW12-232: 2.30 g/t gold over 16.00 metres including 16.85 g/t gold over 1.00 metre
"We are extremely pleased that our drilling has continued to deliver excellent gold values in multiple zones located in the Upper Hallnor Mine area. The results strongly support our belief in the potential for consistent and widespread zones of gold mineralized material in that area - which are but some of many known zones of gold mineralization remaining on the large Whitney property which hosts six former gold mines," commented Ian Campbell, President and CEO.
The purpose of the program was to delineate additional gold zones that may be amenable to mining. Significant results from each of the zones tested are shown as highlights and tabulated in the table located at the end of this press release.
Since October 2011 a total of 50 holes for 17,750 metres have been drilled in this campaign which is designed to define gold resources that may be mined near surface. Results from the drill program on the Hallnor Mine block will be incorporated into an upcoming National Instrument ("NI") NI 43-101 resource estimate for the Whitney Property. This block contains the rich past producing Hallnor Mine and forms the central part of a 10 million ounce mine trend which has seen large open pit and underground mining operations directly on strike to the east.
Karen Rees, P.Geo., Vice President, Exploration of Temex Resources Corp., is the designated qualified person responsible for the preparation of this news release.
Table 1. Significant results from drill holes reported in this releaseHole_ID From (m)To (m)Core Length (m)Au (g/t)Hallnor South Vein Area TW12-205 34.00 47.50 13.50 3.45including 35.00 36.00 1.00 6.23 and 36.70 40.50 3.80 5.89including 37.30 37.80 0.50 15.15 and 46.00 47.00 1.00 12.25TW12-207 389.65392.74 3.09 4.15including 391.70392.74 1.04 11.00TW12-208 81.00 82.00 1.00 36.20TW12-209 191.50192.15 0.65 3.75 200.50201.00 0.50 2.101-55 Vein West Extension Area TW12-210 91.00 95.00 4.00 1.79 108.50114.00 5.50 0.50TW12-211 188.00189.00 1.00 1.33TW12-213 233.00234.00 1.00 2.46TW12-217 39.86 40.80 0.94 4.70 89.83 91.40 1.57 2.75TW12-212 94.50 98.00 3.50 2.96TW12-214 25.00 26.00 1.00 2.25TW12-218 25.00 26.00 1.00 2.42 50.00 52.00 2.00 8.48including 50.50 51.00 0.50 12.35 and 51.50 52.00 0.50 12.25 99.00101.00 2.00 3.47 112.00115.00 3.00 6.25including 112.70113.22 0.52 22.40 125.00125.90 0.90 2.56 141.00142.00 1.00 10.35TW12-219 78.00 89.15 11.15 1.63including 88.47 89.15 0.68 7.54TW12-220 35.00 38.00 3.00 4.38TW12-222 31.00 36.00 5.00 9.71including 33.00 33.50 0.50 6.02 and 33.50 34.10 0.60 62.30 and 34.10 35.00 0.90 5.63TW12-233 167.00170.00 3.00 1.57including 167.00169.00 2.00 2.28including 167.75169.00 1.25 3.50 173.00175.00 2.00 1.18TW12-223 53.00 54.00 1.00 6.27 98.80112.80 14.00 2.20including 98.80105.00 6.20 4.07including 98.80 99.60 0.80 14.65
TW12-224 39.00 58.0019.00 5.05including 52.00 58.00 6.0014.86including 52.00 53.00 1.0016.90 and 56.00 57.00 1.0031.70 and 57.00 58.00 1.0039.60 103.50108.00 4.50 2.47including103.50104.00 0.5010.95TW12-225 38.86 46.00 7.14 1.43including 42.00 43.00 1.00 6.35 99.00101.00 2.00 2.16 121.00125.00 4.00 2.45including122.00123.00 1.00 8.30Hallnor Footwall Area TW12-226 78.00 84.00 6.00 2.06including 78.00 79.00 1.00 5.78including 82.00 83.00 1.00 5.43TW12-227 136.00137.00 1.00 3.28 176.00177.00 1.0083.40 243.80247.00 3.20 2.30including244.60246.20 1.60 4.39TW12-228 101.00104.00 3.00 1.91including102.00104.00 2.00 2.56 111.00114.70 3.70 1.09TW12-230 34.00 35.00 1.00 2.31 63.00 86.0023.00 1.72including 65.00 67.00 2.00 3.42including 73.00 85.0012.00 2.24including 78.00 79.00 1.00 3.21including 79.00 80.00 1.00 3.80including 82.00 83.00 1.00 5.60 134.00140.00 6.00 1.21including138.00140.00 2.00 2.56 159.00165.00 6.00 4.22including160.90161.80 0.9025.40TW12-229 105.00111.00 6.00 1.28including106.00107.00 1.00 4.92 149.00155.10 6.10 2.90including149.00150.00 1.00 6.31 152.70153.70 1.00 7.55TW12-232 49.00 50.00 1.00 2.64 113.00129.0016.00 2.30including113.00115.00 2.00 8.98including114.00115.00 1.0016.85 and 116.00118.00 2.00 4.61including117.00118.00 1.00 8.67 and 121.00126.00 5.00 1.54
Temex implemented a quality control (QA/QC) program to ensure best practice in sampling and analysis. Samples of split NQ-size core are transported by Company personnel in securely sealed bags for preparation and analysis at ALS Chemex facilities. The remaining half of the core is kept as a permanent record and stored at a secure facility in Timmins. ALS Chemex is an ISO9001-2008 and ISO 17025-2005 registered laboratory. Core samples are analyzed for gold using a 30 gram fire assay with an AA finish and by gravimetric methods. Samples observed by Company personnel to contain visible gold are assayed by metallic screen gold assay. Intervals reported are core lengths. True widths are unknown at this time.