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Resource Clips


Posts tagged ‘Temex Resources Corp (TME)’

From Flin Flon to Timmins

April 29th, 2013

Great Northern and Temex report gold news from Manitoba and Ontario

by Greg Klein

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Great Northern Gold Exploration’s TSXV:GGE Wekusko property hasn’t always delivered the grade. But four holes reported April 29 have ended a 2,133-metre Phase I program on a high-grade note, extending the McCafferty zone at depth and offering encouragement to the project in northern Manitoba’s Flin Flon greenstone belt. The results show:

  • 14.6 grams per tonne gold over 1.5 metres, starting at 49 metres in vertical depth
  • 1.52 g/t over 1.25 metres, starting at 92 metres
  • 9.19 g/t over 1.15 metres, starting at 56 metres
  • 5.98 g/t over 1.2 metres, starting at 90.5 metres.

True widths were estimated around 80%. The company labelled the second result a poor sample recovery due to broken and ground-up core.

Another five exploration holes, however, failed to find expansion potential. Of 11 previous holes reported March 13 from the same one-kilometre by three-kilometre grid, 10 didn’t show significant gold but one hole produced intervals of:

Great Northern and Temex report gold news from Manitoba and Ontario

Great Northern Gold’s winter drill campaign extended
its McCafferty zone at depth with high-grade assays.

  • 131.1 g/t gold over 0.3 metres, starting at 85.5 metres
  • 3.73 g/t over 0.5 metres, starting at 85 metres.

True widths weren’t available.

A non-43-101 in-house estimate by a previous operator suggested McCafferty holds 16,761 tonnes averaging 13.89 g/t for 7,483 gold ounces. An historic, non-43-101 estimate for Wekusko’s Gold Dust zone suggested 58,356 tonnes averaging 14.06 g/t for 26,361 gold ounces. Another non-43-101 estimate for the project’s past-producing Ferro mine suggested 73,760 tonnes averaging 15.31 g/t for 36,111 gold ounces.

While the estimate “is modest in size,” concedes Great Northern’s May 2012 technical report, “the grade is relatively high and, in aggregate, the tonnage and contained ounces exceed [what] was mined successfully from the adjacent Rex-Laguna past-producer. It should also be noted that the erratic distribution of gold in these zones as indicated in drill intercepts makes ore resource estimation difficult.”

Summer exploration will venture beyond the McCafferty grid to include soil sampling, mapping and prospecting on other parts of the property.

The company holds an option to earn 100% of the 8,880-hectare Wekusko as well as a separate 100% option on the nearby 60-hectare Ferro mine. The package lies 23 kilometres southeast of Snow Lake, home to HudBay Minerals’ TSX:HBM Lalor mine and QMX Gold’s TSX:QMX Snow Lake mine, a past-producer that QMX plans to re-open.

Great Northern opened April 29 at $0.06, half a cent over its previous close, then ended the day at $0.065. The stock’s 52-week high and low were $0.18 and $0.05. With 20.22 million shares outstanding, the company’s market cap came to $1.31 million.

In other April 29 gold news, an option adjacent to its 100%-held Juby property allowed Temex Resources TSXV:TME to substantially increase its resource estimate.

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

July 23rd, 2012

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.”

View Company Profile

Ian Campbell
President/CEO
416.862.2246

Read an interview with President/CEO Ian Campbell

by Kevin Michael Grace

Temex reports Ontario Gold Assays as high as 1.05 g/t over 87.5m

April 19th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningTemex Resources Corp TSXV:TME announced assays from its Whitney Project in Timmins, Ontario. Results include

6.38 g/t gold over 3.8 metres (including 27.9 g/t over 0.7 metres)
36.2 g/t over 1 metre
1.05 g/t over 87.48 metres (including 10.36 g/t over 2 metres)
1.07 g/t over 31.3 metres (including 10.3 g/t over 0.5 metres)
1.79 g/t over 4.5 metres (including 4.22 g/t over 0.9 metre)
3.04 g/t over 2.12 metres
12.4 g/t over 1.1 metres
6.38 g/t over 3.8 metres (including 27.9 g/t over 0.7 metres)

President/CEO Ian Campbell said, “We are very pleased by the continued encouraging drill results through the Upper Hallnor mine horizon and that the Q Zone, discovered in 2009, has now been intersected along a vertical distance of 600 metres with several intercepts of high grade gold mineralization.”

View Company Profile

Contact:
Ian Campbell
President/CEO
416.862.2246

by Dennis Dale

Temex, Goldcorp report Ontario Results as high as 1.03 g/t Gold over 86m

March 22nd, 2012

Resource Clips - essential news on junior gold mining and junior silver miningTemex Resources Corp TSXV:TME in joint venture with Goldcorp Inc TSX:G announced assays from the Upper Hallnor Mine Zone of their Whitney Gold Project in the Timmins region of Ontario. Results include

1.03 g/t gold over 86 metres
(including 24.9 g/t over 0.5 metres)
1.27 g/t over 49.1 metres
(including 4.02 g/t over 5.2 metres)
2.31 g/t over 20 metres
(including 34.6 g/t over 1 metre)
4.9 g/t over 7.4 metres
(including 14.1 g/t over 0.8 metres)
1.21 g/t over 18.2 metres
(including 6.44 g/t over 0.9 metres)

Temex holds a 60% interest in the Whitney JV Property, with Goldcorp holding the remaining 40%. Temex acts as project operator. Temex also owns 100% of the PAM Property, which lies within the boundaries of the Whitney JV Property. Whitney includes the former past-producing Hallnor, Broulan Reef and Bonetal mines.

View Company Profile

Contact:
Temex Resources Corp
416.862.2246
866.373.6287

Goldcorp Inc
Jeff Wilhoit
800.567.6223

by Greg Klein

Temex, Goldcorp report Ontario Assays of 14.67 g/t Gold over 3.8m

March 1st, 2012

Resource Clips - essential news on junior gold mining and junior silver miningTemex Resources Corp TSXV:TME in joint venture with Goldcorp Inc TSX:G announced results from the Upper Hallnor Mine Zone of their Whitney Gold Project in northeast Ontario. Assays include

14.67 g/t gold over 3.8 metres
(including 46.9 g/t over 1 metre)
2.06 g/t over 21 metres
(including 9.28 g/t over 1 metre)
2.83 g/t over 11.5 metres
(including 4.6 g/t over 6.5 metres)
6.1 g/t over 4 metres
(including 11.05 g/t over 1.2 metres)
4.89 g/t over 4 metres
(including 9.39 g/t over 2 metres)
1.55 g/t over 9.6 metres
(including 2.68 g/t over 5.1 metres)

Temex holds a 60% interest in the Whitney JV Property, with Goldcorp holding the remaining 40%. Temex acts as project operator. Temex also owns 100% of the PAM Property, which lies within the boundaries of the Whitney JV Property.

View Company Profile

Contact:
Temex Resources Corp
416.862.2246
866.373.6287

Goldcorp Inc
Jeff Wilhoit
Investor Relations
800.567.6223

by Greg Klein

Temex, Goldcorp report Ontario Results including 4.95 g/t Gold over 20m

February 9th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningTemex Resources Corp TSXV:TME in joint venture with Goldcorp Inc TSX:G announced assays from their Whitney Gold Project in northeastern Ontario. Highlights include

4.95 g/t gold over 20 metres
(including 12.92 g/t over 7 metres)
122.85 g/t over 0.5 metres
1.21 g/t over 34.1 metres
(including 6.71 g/t over 0.5 metres)
1.35 g/t over 15.8 metres
(including 21.22 g/t over 0.7 metres)
1.3 g/t over 6.1 metres
(including 4.15 g/t over 1 metre)

Temex holds a 60% interest in the Whitney Property and acts as project operator, with Goldcorp holding the remaining 40%. Temex also owns 100% of the PAM Property, which lies within the boundaries of the Whitney JV Property. Temex has an option to earn a 100% interest in the Croxall Property located in Price Township, also in the Timmins area.

View Company Profile

Contact:
Temex Resources Corp
416.862.2246
866.373.6287

Goldcorp Inc
Jeff Wilhoit
Investor Relations
800.567.6223

by Greg Klein

Temex, Goldcorp report Ontario Gold Assay of 2.22 g/t over 35.7m

November 14th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningTemex Resources Corp TSXV:TME in joint venture with Goldcorp Inc TSX:G announced results from the Upper Halnor Mine area of the Whitney property in Ontario. Temex reported an assay of

2.22 g/t gold over 35.7 metres

Including

2.46 g/t over 15.8 metres
5.67 g/t over 7 metres

Temex holds a 60% interest in the Whitney property and is the project operator. Temex President/CEO Ian Campbell remarked, “These results demonstrate the excellent potential for us to define gold resources with both open pit and underground potential right in the centre of Canada’s largest gold mining camp.”

View Company Profile

Contact:
Temex Resources Corp
416.862.2246

by Ted Niles

Temex reports Ontario Gold Assays as high as 37.9 g/t over 8.8m

September 28th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningTemex Resources Corp TSXV:TME announced drill results from the Broulan Reef Mine area of its Whitney property in northeastern Ontario. Assays include

4.51 g/t gold over 3 metres (including 13.37 g/t over 1 metre)
3.97 g/t over 6.8 metres (including 10.53 g/t over 2.1 metres)
37.9 g/t over 8.8 metres (including 648.13 g/t over 0.5 metres)
5.44 g/t over 6 metres
8.79 g/t over 2.3 metres (including 38.01 g/t over 0.5 metres)
13.55 g/t over 4 metres (including 44.04 g/t over 0.5 metres)

President/CEO Ian Campbell said, “These are the best drill results from our drilling in the Broulan Reef area and additional drilling will be initiated to fully define the geometry and extent of the zones. We are exceptionally pleased with our drilling program, which is also testing a number of priority targets in the Upper Hallnor Mine area located two kilometres to the east, [which] continues to deliver significant gold intersections demonstrating the excellent potential to define gold resources proximal to infrastructure in many areas of this high quality property.”

View Company Profile

Contact:
Temex Resources Corp
416.862.2246

by Ted Niles

Temex, Goldcorp report Ontario Gold Assays up to 9.97 g/t over 6.7m

March 2nd, 2011

Temex Resources Corp TSXV:TME in joint venture with Goldcorp Inc TSX:G announced results from the Upper Halnor Mine on the Whitney JV Property in Ontario. Assays include 9.97 g/t gold over 6.7 metres (including 66 g/t over 0.8 metres), 4.12 g/t over 19.3 metres, 6.47 g/t over 5.7 metres (including 8.06 g/t over 4.2 metres), 2.03 g/t over 20.9 metres, 3.72 g/t over 14.4 metres (including 8.55 g/t over 3.1 metres) and 2.82 g/t over 10.6 metres. Temex holds 60% of the Whitney Property and is the project operator.

Temex President/CEO Ian Campbell commented, “These are some of the best drill results from our first diamond drill program on the Upper Hallnor Mine area and we are particularly pleased that the 6 Vein area has returned wide core lengths of gold mineralization. Our ongoing diamond drill program, which is testing a number of priority targets in the Upper Hallnor Mine area, continues to deliver significant gold intersections in several areas and further demonstrates considerable potential to define economic gold resources proximal to infrastructure in this area of the property.”

View Company Profile

Contact:
Temex Resources Corp
416.862.2246

by Ted Niles

Temex reports Ontario Gold Assays as high as 1.36 g/t over 47m

February 3rd, 2011

Temex Resources Corp TSXV:TME announced results from its Juby Gold Deposit in the Shining Tree Gold District of northeastern Ontario. Assays include 1.12 g/t gold over 40.8 metres (including 2.06 g/t over 9 metres), 1.53 g/t over 6.2 metres, 1.36 g/t over 47 metres (including 2.23 g/t over 8.9 metres and 1.71 g/t over 16.9 metres).

The Juby Deposit has a mineral resource estimate of 614,000 ounces gold indicated and 602,000 ounces gold inferred.

View Company Profile

Contact:
Temex Resources Corp
416.862.2246
or 866.373.6287

by Ted Niles