Temex Resources Corp has started an initial diamond drill programme on the recently-acquired Golden Lake property, located close to the Juby Main Zone in north-eastern Ontario, Canada.
The Juby Main Zone contains a National Instrument 43-101 (NI 43-101) compliant resource of 22.3 million tonnes at a grade of 1.30 g/t gold for 934,645oz of gold in the indicated category, and 28.2 million tonnes at a grade of 1.00 g/t gold for 905,62oz of gold in the inferred category, both at a cut-off grade of 0.40 g/t gold.
This resource was defined along a strike length of 2,800m, and with the recent acquisition of the Golden Lake Property Temex now controls 4,500m of strike length along the prolific Tyrrell Structural Zone.
The first phase drill programme at Golden Lake, planned to be 3,000m in around eight holes, will test the mineralised horizons on and near the Tyrrell Structural Zone along a strike length of 600m.
The aim will be to provide sufficient drill data to estimate additional inferred resources, which is expected to ultimately lead to an increase in the NI 43-101 gold resource for the Juby Main Zone.
The company has the option to earn 100% stake in its new Golden lake property, where limited drilling in 1997 by a previous operator intersected widespread gold, with multiple zones of alteration typical of the Juby Main Zone.