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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
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 OVERVIEW
CURRENT ACTIVITY
BACKGROUND
Background information on this Project
The Latchford Gold Project is comprised of 10 properties totalling 32,440 acres that were acquired primarily by staking following the discovery of a locally-derived block of rock in November 2003 that contained abundant, coarse, visible gold. The properties are located approximately 25 kilometres northwest and southeast of Latchford, Ontario. Brett Property The Brett Property was acquired by staking. It presently comprises 33 claims totalling 11,800 acres to cover an area with favourable geology surrounding the location of the gold-bearing boulder discovered by prospecting in November 2003. The boulder, which is an angular block forming part of a road base, is interpreted to be mafic intrusive rock and hosts 10 centimetres of vein material on one side which contains high-grade visible gold. A sample of the vein material yielded an average gold content from four fire assay checks of 6,222 g/t gold (assaying completed by Swastika Laboratories). Mineralization ranges from irregular patches of fine, disseminated gold grains which are distributed throughout the vein to coarse nuggets on the weathered surface. These factors combine to make an accurate determination of average grade impossible without assaying the entire boulder. An examination of outcropping rock immediately proximal to the road base within which the boulder was found, indicates that there is a high probability that the road base material, and hence the gold bearing block, is from a local bedrock source. Temex exploration on the Brett Property consisted of grid cutting, geological mapping, prospecting, rock and soil sampling, magnetometer and induced polarization geophysical surveying. Diamond drilling of coincident geophysical and geochemical anomalies was completed in 2004. The drill program consisted of 16 drill holes totalling 2,561 metres. Drill holes targeted coincident soil geochemical, induced polarization and magnetic geophysical anomalies in the immediate area of the discovery. No significant gold assays were returned from the drilling however it is noteworthy that four holes drilled in one orientation consistently intersected a series of carbonate veinlets which may be related to the discovery boulder. A gabbro unit intersected in hole BR-04-01 yielded a broad zone of anomalous copper and nickel values with up to 0.28% nickel and 0.16% copper over 7.40 metres including a 1.40 metre section which yielded 0.72% nickel, 0.19% copper and 0.357 g/t platinum plus palladium. Rib Lake Property In November 2007, Temex entered into an agreement with local prospectors which granted Temex the option to earn a 100% interest in the Rib Lake Property, comprising 11 claims totalling 1,800 acres, located immediately adjacent to the south of the Brett Property, and within 200 metres of the original discovery site of the gold boulder. The acquisition of the Rib Lake Property is significant as an historical drill hole intersection of 44.57 g/t gold and 0.83% nickel over 1.83 metres was reported. The Rib Lake Property is also prospective for mafic-ultramafic hosted Ni-Cu-PGE sulphide mineralization typical of the Temagami area. Strongly anomalous nickel-copper mineralization has been intersected in drilling by previous operators that yielded up to 0.65% Ni, 0.11% Cu and 15 g/t Ag over 13.8 feet. Temex is planning to reactivate an aggressive exploration program given the improved land position on the Latchford Gold Project. Digital compilation of existing data has been initiated and field work is planned including diamond drilling to test priority targets. Merico Ethel Property In August 2004, Temex entered into an option agreement to acquire a 100% interest in the Merico Ethel Property, comprising 32 mining claims, 98 units and 3,920 acres in James, Truax and Tudhope Townships located approximately five kilometres northeast of the historic silver mining town of Elk Lake, Ontario. In order to earn a 100% interest in the Property Temex must, over three years, incur a total of $250,000 in exploration expenditures, pay $80,000 and issue shares according to the following schedule: 25,000 on execution of the agreement, 25,000 on the first anniversary, 30,000 on the second anniversary and 30,000 on the third anniversary. All commitments have been completed. The Optionor shall retain a 2% NSR royalty on metals produced from the Property. Temex shall have the right to purchase not more than one half of such NSR royalty by paying an aggregate of $500,000 for each 0.5% portion of the NSR royalty. The Property hosts numerous polymetallic, narrow steeply dipping quartz-carbonate veins and vein/shear systems hosted by diabase and ranging in width from 0.1 to 1.5 metres. Copper occurs in the form of chalcopyrite and bornite and is the dominant sulphide, with lesser amounts of silver, nickel and cobalt mineralization. Previous operators have reported significant gold mineralization from random grab samples taken from veins throughout the property, ranging from 0.1 to 22.53 g/t gold. In addition, previous work on the northern portion of the Property included RealSection induced polarization (1998), which identified five major anomalous chargeability/resistivity trends. Two of these anomalous trends correlate with portions of known zones of quartz-carbonate hydrothermal alteration associated with the veins and vein systems. Almost all of the veins are hosted in the flat lying diabase however there is at least one reported occurrence of high grade copper mineralization extending into the underlying sediments, corroborating the IP survey interpretation that suggested significant depth potential exists to the veins and associated alteration system. Previous work on the Property has been conducted exclusively to explore for high grade silver and carbonate veins, however Temex believes the geological environment is similar to the block discovered on the Brett Property which contains high grade gold mineralization. Exploration work in fall 2004 consisted of trenching, channel sampling, line cutting, soil geochemical sampling, magnetometer and induced polarization geophysical surveying. Yarrow Property Temex has the option to acquire a 100% interest in the Yarrow Property, which is prospective for copper and gold. The Property comprises three claims for a total of 1,080 acres. It is located in Yarrow Township approximately 10 kilometres southwest of Matachewan, Ontario. Temex must incur a total of $150,000 in exploration expenditures and issue a total of $30,000 and 50,000 shares over four years to earn a 100% interest in the Property. All commitments have been completed. The agreement is subject to a 2% NSR royalty to be retained by the Optionor. Temex has the right to purchase not more than one half of the NSR royalty by paying $500,000 for each 0.5% portion. Drilling of 23 shallow holes by previous operators outlined a mineralized zone that yielded assays of up to 11.49% copper over 1.30 metres including 19.42% copper over 0.6 metres. The Property is underlain by Proterozoic sediments proximal to a major fault, which appears to localize widespread iron-oxide alteration in the region as reported on OGS maps. This type of alteration is considered favourable for gold mineralization in the region. In 2004, Temex completed line cutting, magnetometer and induced polarization geophysical surveying, and soil geochemical surveying. In September 2007, Temex entered into an Option and Joint Venture Agreement which granted Uranium Star Corp. the option to earn a 50% interest in the Merico Ethel and Yarrow Properties. A $950,000 exploration program on the two Properties was initiated which to date has included line cutting, magnetic and induced polarization geophysical surveying and 2,873 metres of diamond drilling in 14 holes. Additional drilling is ongoing on both Properties testing a variety of geophysical and geological targets. Mattawapika Property Temex entered into an option agreement to acquire a 100% interest in the Mattawapika Property and staked additional claims to bring the current total to 12 claims covering an area of 1,880 acres. Under the terms of the agreement, Temex must pay the vendors $20,000, issue 50,000 shares of Temex and complete $250,000 in exploration expenditures over a 3 year period. All commitments have been completed. The vendors retain a 2% NSR royalty, one-half of which may be purchased by Temex for $1.0 million. Previous work on the Property included prospecting, RealSection induced polarization geophysics, and six diamond drill holes totalling approximately 500 metres. One historical drill hole is reported to have intersected 3.05 g/t gold over 0.40 metres. This intersection partially tested the margin of a RealSection induced polarization chargeability anomaly, which remains open at depth and along strike. Several other induced polarization anomalies remain untested on this Property. Temex conducted linecutting and soil geochemical surveying on the Property which identified several anomalies for follow-up work. Other Properties The Ram, Castle, and Caniptau Properties, contiguous to the Brett Property, were acquired primarily by staking. The Properties cover favourable geology and are considered highly prospective for gold and copper mineralization. Work by Temex on these Properties consisted of reconnaissance mapping, prospecting, line cutting, soil geochemical surveying, magnetometer and induced polarization geophysical surveying. The Caniptau Property is located southeast of the Brett Property along similar stratigraphy; portions of the Property had previously been acquired through staking and option agreements but the group has since been expanded as part of the Latchford Gold Project and now includes 20 claims totalling 3,240 acres. In addition to precious and base metal occurrences, the claims host a high purity silica deposit and an aggregate resource. Previous exploration by Temex in 2001 returned high grade values, ranging up to 3 g/t gold, 1.9 g/t platinium, 6 g/t palladium, 10.85% copper and 1.6% nickel. This sampling focused on sulphide (pyrrhotite-pyrite-chalcopyrite) mineralization at the sheared contact of northwest trending gabbro dykes. The Caniptau Silica Deposit claims were acquired by Temex late in 2000. The claims occur at the site of the Danlou occurrence, which consists of auriferous quartz veins in granite batholiths. In 1995, the Ontario Geological Survey (McAuley, 1996 OGS Open File Report 5948) completed mapping and preliminary sampling on the Property to investigate the quality of the silica deposit and the potential detrimental impact of impurities related to sulphide mineralization. The study concluded that a portion of the showing may host a high purity silica deposit due to normalized SiO2 values greater than 99%. Other portions of the showing with normalized SiO2 values less than 99% may be suitable as non-ferrous smelter flux. No tonnage was determined during this work. Temex optioned the claims covering the aggregate resource on the Caniptau group in 2001. Prior to that, the Property vendor completed work to bring the Temagami Traprock Project to official Quarry Permit status. This work, conducted between 1996 and 1999, included market research study, operational cruise timber assessment, stage one archaeological and heritage impact assessment, blast impact analysis, public information campaign, quarry site plan and maps, and assay tests. The material investigated is flat-lying Nipissing diabase sill, which could be used as a high strength aggregate in the construction industry.
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