Temex Resources Corp. (CVE:TME) unveiled Wednesday additional high grade gold intersections from drilling at the Upper Hallnor Mine area of its joint venture Whitney property in Timmins, Ontario.
The holes reported today targeted
the 1-55 Vein system, hosted within the same volcanic-sediment contact
zone from which the bulk of high grade gold production at the Upper
Hallnor Mine was mined, the company said.
The contact zone has
also seen multi-million ounce gold production from both underground and
large open pit mining operations, directly along strike and to the
east, from the past producing Broulan Porcupine Mine, Pamour Mine and
Hoyle Mine sites.
Highlights of the results reported Wednesday
include 4.31 grams per tonne (g/t) gold over 8.5 metres, including 11.45
g/t gold over 1.00 metre and 14.28 g/t gold over 1.00 metre in hole
Hole TW11-162 returned 2.66 g/t gold over 3.80 metres,
including 7.30 g/t gold over 1.00 metre, while hole TW11-193 found 3.87
g/t gold over 3.70 metres including 9.62 g/t gold over 0.70 metres.
addition, 9.37 g/t gold over 5.00 metres, including 57.60 g/t gold over
0.72 metres was seen in hole TW12-195, and 29.60 g/t gold over 0.52
metres was returned from hole TW12-197.
"The 1-55 Vein system is
a priority near-surface gold zone that is being evaluated as part of
the global gold resource estimate being prepared on the Whitney
Property," said president and CEO Ian Campbell.
high-grade vein system is typical of what has been successfully mined
in the past on the property and also falls within the limits of a
potentially open-pittable resource.
"All holes drilled in this
area as part of the current program successfully intersected the gold
mineralized structures, demonstrating excellent continuity in this
Temex is conducting a program targeting the Upper Hallnor
Mine area to delineate both open pittable and high grade gold
The holes reported on today were designed to follow up
on hole TW11-163 from last year, which intersected 2.22 g/t gold over
35.70 metres, including 10.15 g/t gold over 3.30 metres within 50 metres
This hole represented the eastward extension of
the 1-55 Vein structures, which were identified in 2003 by the
previous operators of the Porcupine joint venture, which was owned by
Placer Dome Limited and Kinross Gold (TSE:K).
2010, Temex drilling in this area has been conducted along a strike
length of 300 metres, the miner said, and to a depth of 200 metres, with
the structures remaining "wide open".
Gold intersections occur mostly within 200 vertical metres of surface in these holes.
last October, a total of 50 holes for 17,750 metres have been drilled
in the company's campaign, which is designed to define gold resources
that may be mined near surface.
Results for an additional 30
holes drilled in the Upper Hallnor Mine area are pending, Temex said,
and will be released as they are received.
Whitney, which is held under a joint venture owned 60 percent by Temex and 40 percent by Goldcorp
(TSE:G), is an advanced gold project that includes four kilometres of
the prolific Timmins gold trend that remains the largest gold producing
district of Canada.
The asset holds several near-surface gold
targets including the Upper Hallnor, the Upper Broulan Reef, the C
Zone, and Q Zone.
Temex is a Canadian exploration company focused on its portfolio of precious metals properties in northeastern Ontario.
from Whitney, the company also holds the Juby gold project, which
contains the Juby Main Zone resource of 934,645 ounces of gold in the
indicated category and 905,621 ounces of gold in the inferred category,
both at a cut-off grade of 0.40 g/t gold.