Temex Resources (CVE:TME) announced Wednesday it intersected several strong silver mineralizations in drill hole GS-11-04, including over 10,000 grams per tonne (g/t), at its wholly owned Gowganda silver project in Gowganda, Ontario.
The exploration company intersected bonanza grades of 5,510 g/t silver over 0.73 metres in the Millerett area, including 10,267 g/t silver over 0.3 meters, in the lowermost zone of the property.
The Gowganda property, which is located 20 kilometres east of the company's 100% owned Juby Lease property, where Temex is working to complete a resource estimate, is a past producing mine, having returned a combined 40.7 million ounces of silver at an average grade of 22 ounces per tonne.
Other notable results from the drill campaign include 238 g/t silver over 2.75 metres, including 1,144 g/t silver over 0.44 metres. Assays also returned 0.62 metres grading 624 g/t silver.
"We are very pleased with our initial test of the Millerett area and specifically that three separate and shallow zones of calcite veining were intersected in the hole reported today," said president and CEO, Ian Campbell.
"These zones and individual veins remain open at depth where further drilling is required to test for extensions of specific veins and structural zones, and also the possibility that some of the structural zones may have bulk tonnage potential."
Temex, whose stock rose 7.84% to trade at $0.275 per share as of 10:37 am EDT, has a resource estimate on Millerett areas #7 and #8, consisting of 2.96 million ounces of silver in the indicated category.
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