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| | Mon Nov 2, 2009
Temex Provides Exploration Update Croxall Gold Property, West Timmins
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| | News Release NR19-2009
TSX Venture Exchange: TME, Frankfurt Exchange:TQ1
TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex" or "the Company") announces that follow up drilling on the Croxall Gold Property within the West Timmins Gold District continues. To date, Temex has completed 5 holes and 1869 metres of diamond drilling on various high priority targets selected from across the property and a further 1000 metres of drilling is being completed. The Property comprises 60 mining claim units of which Temex has the option to earn a 100% interest.
The first phase of drilling completed in September intersected significant gold mineralization including visible gold within an altered porphyry which yielded 7.81 g/t gold over 1.10 metres and 5.28 g/t gold over 1.90 metres down-dip of historical intersection of 2.88 g/t gold over 0.60 metres (news release September 17, 2009). The drilling has confirmed the presence of widespread alteration, local quartz-ankerite veining within shear zones, significant sulphide mineralization, and the presence of variably mineralized red hematite altered felsic porphyry units and gold mineralization. This sequence of strong alteration, felsic porphyry intrusions and sulphide mineralization represents the eastern continuation of the Golden River Trend on the West Timmins Mining property, located immediately adjacent to the west.
This second phase of drilling is testing the depth potential of the gold intersection from the first drill campaign in hole TC-09-01 and will also test some additional targets to the west which appear to be extensions of gold mineralized zones located on adjacent ground.
Ian Campbell, President and CEO commented, "The Timmins Mining Camp and the West Timmins Gold District is seeing an increasing number of acquisitions and heightened exploration activity which continues to underscore the importance of the Company's strategic land package. Reported earlier this week, West Timmins Mining intersected multiple high grade zones in the North Zone of the Golden River Trend on their property adjacent to the west of the Croxall Property. At the Timmins Mine property located approximately 6 km northwest of the Croxall Property, Lake Shore Gold continues to intersect high grade gold over wide intervals in underground drilling and has indicated the potential to expand the resource, which is slated for commercial production in late 2010. These results are all very encouraging and Temex is favourably situated in the district."
To see a location map of the Croxall Property, please see URL:
http://files.newswire.ca/322/TemexCroxallProperty.pdf or on the Company website www.temexcorp.com.
Ian Campbell, P.Geo., is the designated Qualified Person responsible for the preparation of this news release. Temex is a Canadian exploration company advancing its precious metals projects in Ontario. For further information, contact Ian Campbell, President and CEO or Bruce Durham, Executive Chairman at 416-862-2246 or visit www.temexcorp.com.
On behalf of the Board of Directors,
"Ian Campbell"
Ian Campbell
President and CEO
*The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release*
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You can view the Previous News Releases item: Tue Oct 6, 2009, Temex Provides Exploration Update on Latchford Gold Project
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