Thursday 29th June 2017

Resource Clips

Temex reports Ontario Gold Assays up to 1.21 g/t over 31m, 1.45 g/t over 15m

Resource Clips - essential news on junior gold mining and junior silver miningTemex Resources Corp TSXV:TME announced initial assays from its Golden Lake Property south of Timmins, Ontario. Highlights include

3.45 grams per tonne gold over 238 metres
(including 1.43 g/t gold over 9 metres)
1.21 g/t gold over 31 metres
1.45 g/t gold over 15 metres
1.3 g/t gold over 12 metres
1.08 g/t gold over 25.61 metres
(including 2.58 g/t gold over 3 metres)
1.34 g/t gold over 16 metres
(including 12.37 g/t gold over 1 metre)
1.02 g/t gold over 11 metres
1.54 g/t gold over 14 metres
1.01 g/t gold over 19.5 metres
(including 9.49 g/t gold over 1 metre)
1.86 g/t gold over 17.9 metres
(including 3.24 g/t gold over 8.29 metres)
0.72 g/t gold over 131.29 metres
(including 4.82 g/t gold over 0.79 metres)

In January, Temex entered into an option agreement to earn 100% ownership of the Golden Lake Property, located adjacent to the west of its Juby Gold Project. Temex must, over three years, pay the optionors $500,000 and 500,000 Temex common shares and complete $750,000 in exploration expenses. The optionors retain a 2% net smelter returns royalty, up to 1% of which may be repurchased by Temex at any time within the next eight years by paying $1.5 million.

President/CEO Ian Campbell commented, “We are very pleased with these results which have extended the Juby gold mineralization a substantial distance beyond the extent of the current NI 43-101 resource. These results clearly demonstrate that we are discovering what is becoming a very large gold system starting from surface, is wide open along strike and at depth, has widened considerably and has an increased frequency of visible gold. Additionally, we are very excited that we have intersected high-grade gold mineralization proximal to the main trend in the adjacent volcanic rocks which are virtually untested in this area.”

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Ian Campbell

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