|
Timmins Gold Project
Juby Gold Project
Gowganda Silver Project
Webequie Nickel-Copper-PGE Project
Latchford Gold Project
Wilson Lake and Latchford Diamond Project
Uranium Project
Maps & Photos
  |
 BACKGROUND In April 2006, Temex completed the acquisition of the Miller Lake O'Brien Silver Property and related assets and facilities from Sandy K. Mines Limited ("SKM"), a private Ontario corporation. The Property, located three kilometres northeast of Gowganda, Ontario contains the Miller Lake O'Brien Silver Mine, the largest past producing Cobalt-style silver mine outside of Cobalt, Ontario. It was operated by Miller Lake O'Brien Mines (1910 to 1944) and later by Siscoe Metals (1945 to 1972), with combined historical production of 40.7 million ounces of silver at a reported average grade of 22 opt silver (Derry Michener Booth and Wahl, 1990). The Property comprises a block of 14 claims covering 553 acres with excellent infrastructure and access to power. The immediate area of the Property is underlain by Huronian Coleman Member sediments of the Gowganda Formation, Nipissing Diabase and Archean mafic volcanic rocks. Silver-bearing veins, generally ranging from one to fifteen centimetres wide, are associated with thick cone sheets of Nipissing Diabase, which were remobilized resulting in the formation of fractures and zones of fissures thereby providing openings for deposition of metals from mineralizing fluids. Silver occurs as native metal in the form of leaf and rosettes in a carbonate gangue. SKM carried out an extensive underground exploration program from 1987 to 1989 which included 525 metres of lateral development and 8,511 metres of drilling. Eight new silver bearing veins were identified within a target zone of over 600 metres, with drill intercepts ranging from 3.99 opt silver over one foot up to 348.5 opt silver over 3.5 feet, including 1,039.10 opt silver over one foot (see highlights in the following table). Consulting firm Watts Griffis and McOuat ("WGM") established a preliminary mineral inventory of one million ounces silver at an average grade of 29.98 opt silver on some of the new veins intersected in drilling by SKM (WGM, 1994). The Property has significant tailings deposits. Independent studies by several industry experts (including WGM and Kilborn Engineering) on the silver content of the tailings established a resource of 1.827 million short tons grading 1.43 opt silver (1.66 million tonnes grading 49 g/t silver). This was estimated on the basis of 545 auger holes and an additional 152 sonic drill holes between 1980 and 1987. Gravity and metallurgical testwork was carried out on the tailings by Lakefield Research Limited (1999) and by Process Research Associates Ltd. (2000). Estimates reported are historical and are not in compliance with National Instrument 43-101 "Standards of Disclosure for Mineral Deposits". In addition, the Company has not done the work necessary to verify the classification of the resource and is not treating the estimates as National Instrument 43-101 defined resources verified by a Qualified Person. The historical estimates should not be relied upon. Table of Selected Drill Hole Results from the SKM Program 1987 to 1989:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| News | Projects | Corporate | QwikReport | Contact Us | Site Map | Home Copyright © 2008 Temex Resources Corp. All Rights Reserved. |
