Temex Resources Corp. (CVE:TME) announced Wednesday the appointments of Greg Gibson and Ron Goldsack to the company’s board of directors, effective immediately.
"I am delighted to welcome both Greg and Ron to the Board of
Directors of Temex," said the company’s president and CEO, Ian Campbell.
"Greg brings to Temex a wealth of experience in all aspects of junior
mining company operations and his contributions will be invaluable as
we take our Company to the next level.
"Ron's vast experience in corporate finance greatly strengthens our
team and he will play an important role in accelerating our growth."
Gibson has 30 years of experience in the mining industry having
worked as a mine manager in gold and copper mines in Australia, a nickel
mine in Timmins, Ontario, and a gold mine located in British Columbia.
He is currently the president, CEO and a director of Trelawney Mining and Exploration (CVE:TRR),
and has worked for various companies such as JS Redpath in Canada and
the USA, Dynatec Mining in Canada and the USA, Yilgarn Star Gold Mine in
Australia, and Copper Mines of Tasmania in Australia.
Goldsack has been working in the investment business for decades,
with experience in corporate finance. He was a VP of Wood Gundy and Co.
in Toronto and New York, where he helped build the research department
and was also active in the company’s institutional sales, trading and
corporate finance departments.
Goldsack was a co-founder, vice chairman and director of Gordon
Capital for roughly 28 years, and then was a partner at Griffiths
McBurney and Partners for 3 years.
He served as a director of Goldcorp (TSE:G), and currently acts as a consultant to public and private companies regarding corporate finance and M&A.
Along with these appointments, Nelson Baker and Angus Footman have retired from the company’s board of directors.
Temex is a Canadian exploration company focused on its portfolio of precious metals properties in northeastern Ontario.
The company recently unveiled additional high grade gold
intersections from drilling at the Upper Hallnor Mine area of its joint
venture Whitney property in Timmins, Ontario.
Whitney is an advanced gold project that includes four kilometres of
the prolific Timmins gold trend that remains the largest gold producing
district of Canada. Whitney is owned 60 percent by Temex and 40 percent
by Goldcorp (TSE:G).
The holes reported last week are the last of a program of 32 holes
totaling 5,295 metres drilled along a 600 metre strike length in the
Upper Hallnor Mine area, targeting the Hallnor South Vein, 1-55 Vein
west extension and Hallnor Footwall zones, the company said.
Highlights of the results included results from the Hallnor south
vein area, where hole TW12-205 returned 3.45 grams per tonne (g/t) gold
over 13.50 metres including 15.15 g/t gold over 0.50 metres.
Since October 2011, the company said a total of 50 holes for 17,750
metres have been drilled in this campaign, which is designed to define
gold resources that may be mined near surface.
Aside 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.
The company also has an NI 43-101 compliant resource for tailings material on its Gowganda silver project in Ontario.
The tailings piles contain a NI 43-101 compliant 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 category.
Shares of Temex increased 19.23 per cent to 15.5 cents Wednesday morning.