Temex Resources identifies new gold targets at Canadian property

9 May 2012 (Last Updated May 9th, 2012 18:30)

Temex Resources Corp has announced that it has identified high-grade zones of gold at its Whitney Property in Ontario, Canada.

Temex Resources Corp has announced that it has identified high-grade zones of gold at its Whitney Property in Ontario, Canada.

An advanced gold project, the Whitney property includes 4km of the prolific Timmins gold trend.

The drill holes 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.

This contact zone has seen multi-million ounce gold production from both underground and large open pit mining operations directly along strike and adjacent to the east from the past producing Broulan Porcupine Mine, Pamour Mine and Hoyle Mine sites.

Temex Resources Corp president and chief executive officer Ian Campbell said the1-55 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.

"This 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," said Campbell.

"All holes drilled in this area as part of the current program successfully intersected the gold mineralised structures, demonstrating excellent continuity in this area."

A drilling programme at the property is being conducted under the joint venture between Temex (60%) and Goldcorp Canada (40%) to delineate both open-pittable and high-grade gold resources in the Upper Hallnor Mine area.