Temex Resources Corp. (CVE:TME) unveiled Thursday additional drill results from a resource definition program targeting the Upper Hallnor Mine Zone, on the eastern portion of its Whitney gold project in Ontario.
The company is carrying
out a drill program to define near-surface gold resources typical of
what has been mined at the adjacent Pamour and Hoyle mine sites, it
The Hallnor mine was the highest grade past-producing,
multi-million ounce gold mine in Timmins, which remains Canada's largest
gold producing area.
Highlights of the latest drill results
include 4.90 grams per tonne (g/t) gold over 7.35 metres including 14.10
g/t gold over 0.75 metres in hole TW11-171; 1.03 g/t gold over 85.95
metres including 24.90 g/t gold over 0.50 metres in hole TW11-181; and
1.21 g/t gold over 18.20 metres including 6.44 g/t gold over 0.85 metres
in hole TW11-182.
In addition, hole TW11-185 returned 1.27 g/t
gold over 49.10 metres, including 4.02 g/t gold over 5.15 metres, while
hole TW12-198 hit 2.31 g/t gold over 20.0 metres including 34.6 g/t gold
over 1.00 metre.
The drill results reported Thursday are from
nine holes drilled on three sections on the eastern portion of the Upper
Hallnor Mine area.
The company said drilling intersected
multiple zones of vein and vein stockworks, which occur primarily in
Timiskaming sedimentary rocks that hosted the Upper Hallnor mine
The zones of gold mineralization remain open in all directions, Temex added.
A total of 52 holes for 15,100 metres have been drilled to date in the campaign.
Whitney is an advanced gold project that includes four kilometres of the prolific Timmins gold trend.
The property contains several near-surface gold targets including the Upper Hallnor, Upper Broulan Reef, C Zone, and Q Zone.
The current drill program is being conducted under a joint venture between Temex, which holds 60 percent of the project,and Goldcorp Canada (TSE:G), which holds the remainder.
Temex is a Canadian exploration company focusing on its portfolio of precious metals properties in northeastern Ontario.
from Whitney, the company also holds the Juby gold project. The Juby
Main Zone has NI 43-101 compliant resources of 22.3 million tonnes at a
grade of 1.30 g/t gold for 934,645 ounces of gold in the indicated
category and 28.2 million tonnes at a grade of 1.00 g/t gold for 905,621
ounces of gold in the inferred category, both at a cut-off grade of
0.40 g/t gold.
Temex also has a NI 43-101 compliant resource for
tailings material on its Gowganda silver project. The tailings piles
contain a resource of 1.94 million tonnes grading 47.5 g/t silver for a
contained resource of 2.96 million ounces of silver in the indicated