| TEMEX RESOURCES CORP : http://www.temexcorp.com/ : QwikReport |
| Webequie Nickel-Copper-PGE Project |
| Location: | James Bay Lowlands / McFaulds Lake / "Ring of Fire", 500 kilometres north northeast of Thunder Bay, Ontario. |
| Ownership: | Temex has direct interest in 9,385 claim units, ranging from residual royalties to 100% interest. |
| Size: | 9,385 claim units totalling 375,400 acres. Temex is one of the largest landholders in the "Ring of Fire". |
| High Note: | Claim blocks are located adjacent and proximal to the Noront Resources Ltd. Ni-Cu-PGE Eagle One and Eagle Two, Probe Mines Limited Ni-Cu-PGE and WSR Gold Inc. Cu-Zn discoveries. |
| Mineralization Setting: | The claims cover features thought to represent geological environments similar to the geological environment near the Noront Ni-Cu-PGE and WSR Cu-Zn discoveries. Mineralization styles documented in the area include: i) magmatic Ni-Cu-PGE mineralization associated with mafic and ultramafic intrusive rocks; ii) volcanogenic massive sulphides Cu-Zn; iii) kimberlitic rocks prospective for diamonds; and iv) mesothermal gold mineralization in greenstone rocks. |
| Exploration Plan: | Land acquisition, partnership development, contact with First Nation communities, helicopter-borne magnetic and electromagnetic geophysical surveying, airborne data evaluation, ground geophysical surveying, camp logistics, prioritize conductive EM anomalies and diamond drilling. |
CURRENT ACTIVITY
| Wed Aug 18, 2010 Temex Agrees to Sell Minority Stake in Hornby and Pender Properties News Release NR15-2010 TSX Venture Exchange: TME, Frankfurt Exchange:TQ1 August 18, 2010 (TORONTO, ONTARIO): Temex Resources Corp. (TSX-V: TME, FWB: TQ1) ("Temex" or "the Company") announces that it has negotiated terms for the sale of its minority interest in the Hornby and Pender Properties ("the Properties") in the "Ring of Fire" area of northern Ontario to MacDonald Mines Exploration Ltd. ("MacDonald", TSX-V: BMK). In return for its 45.59% interest in the Properties, Temex will receiv... (5 KB) |
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| Tue Nov 25, 2008 Temex Intersects Copper-Nickel and VMS Mineralization on GP2 Property, Ring of Fire NEWS RELEASE NR27-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex") provides results on an eight-hole 1,280 metre diamond drill program completed on its GP2 Property (the "Property") located in the McFaulds Lake "Ring of Fire" area of northwestern Ontario and located approximately 50 kilometres southwest of the Noront Resources Ltd. ("Noront") Double Eagle copper-nickel-platinum group element ("Cu-N... (5 KB) |
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| Wed Oct 22, 2008 Temex Provides Exploration Update NEWS RELEASE NR24-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex") is pleased to provide an update on its exploration activities. The Company is active on several projects including the Ring of Fire, the Timmins and Latchford Gold Projects and the Huston Lake Uranium Project. Drilling continues on the Whitney Township Gold Project located in the Timmins gold camp and the Company is anticipating ... (10 KB) |
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| Wed Sep 24, 2008 Temex and Partners Commence Drill Program in McFaulds Lake Area NEWS RELEASE NR23-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex") and partners Canadian Orebodies Inc. (TSXV:CO) ("Orebodies") and MacDonald Mines Exploration Ltd. (TSXV:BMK) ("MacDonald") announce that a drill program has commenced on its Joint Venture ("JV") properties in the Noront-McFaulds Lake Area. Beginning next week, the drill program will test several high priority targets on its ... (2 KB) |
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| Tue Sep 16, 2008 Temex Partners with Gee-Ten in Noront-McFaulds Lake Area NEWS RELEASE NR22-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex") announces that they and partner East West Resource Corporation (TSXV: EWR), ("East West"), (collectively "the Companies") have entered into a Letter of Intent ("LOI") with Gee-Ten Ventures Inc. (TSXV:GTV) ("Gee-Ten") whereby the Companies grant to Gee-Ten the option to earn up to 65% interest in the North Trap Property (the "Prop... (4 KB) |
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| Tue Sep 2, 2008 Temex Partners with Mill City in McFaulds Lake Area Diamond Drilling to Commence Immediately NEWS RELEASE NR21-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex") and partner East West Resource Corporation (TSXV: EWR), ("East West"), (collectively "the Companies") announce that they have entered into an Option and Joint Venture agreement (the "Agreement") with Mill City Gold Corp. ("Mill City") whereby Mill City can earn a 50% interest in the GP2 Property in the Noront-McFaulds Lake area. ... (3 KB) |
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| Thu Aug 21, 2008 Temex Commences Drilling On Fishhook Joint Venture in the Noront-McFaulds Lake Area NEWS RELEASE NR20-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex") and partner East West Resource Corporation (TSXV: EWR), ("East West"), (collectively "the Companies") announce that a 12 hole, 2,000 metre diamond drilling program has commenced on the Fishhook Joint Venture Property. The Companies also announce that Noront Resources Ltd. ("Noront") has entered into an option and joint ventu... (4 KB) |
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| Mon Jul 28, 2008 Temex Set to Drill in Ring of Fire - McFaulds Area - Investor Relations Services Engaged NEWS RELEASE NR19-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1)("Temex" or the "Company") announces the acquisition of 428 additional claim units covering some 17,000 acres, 12 km southwest of a base metal discovery recently announced by WSR Gold Inc. ("WSR") and approximately 50 km to the north-northwest of the three Noront Resources Ltd. ("Noront") Ni-Cu-PGE discoveries in the McFaulds Lake area of n... (8 KB) |
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| Fri Jun 6, 2008 Arctic Star/WSR/Metalex Anomaly 5.01 Located on Property Adjacent to Mill City/Temex Property NEWS RELEASE NR13-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex" or the "Company") and partner Mill City Gold Corp. ("Mill City"), (collectively "the Companies"), have been advised that the recent information announced by Arctic Star Diamond Corp., WSR Gold Inc. and Metalex Ventures Ltd. (the "Joint Venture") regarding mineralization intersected while drill testing on anomaly 5.01, James Bay Lowlands... (3 KB) |
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| Tue Jun 3, 2008 Drill Targets Prioritized on Fishhook Ni-Cu-PGE Property NEWS RELEASE NR12-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex" or the "Company") and partner East West Resource Corporation ("East West"), (collectively "the Companies"), announce that a 2,233 line kilometre helicopter-borne magnetic and electromagnetic geophysical survey utilizing the Geotech Ltd. VTEM system has detected numerous favourably located high priority conductors on the Fishhook Propert... (5 KB) |
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| Tue May 20, 2008 Temex and East West Identify Several High Priority Drill Targets NEWS RELEASE NR11-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex") and partner East West Resource Corporation ("East West"), (collectively "the Companies"), announce that airborne geophysical surveys have been completed over contiguous properties GP and GP2 and several high priority drill targets have been identified. The Properties are located 45 km to the southwest of the Noront Resour... (6 KB) |
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| Tue Apr 15, 2008 Temex and Mill City Identify Numerous High Priority Drill Targets NEWS RELEASE NR09-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex") and partner Mill City Gold Corp. ("Mill City"), (collectively "the Companies"), announce that airborne geophysical surveys have been completed over nine separate claim blocks comprising the Northern Star Eagle and the Southern Star Eagle Claims (the "Claims") in the general area of the Noront Resources Ltd. high grade nickel-cop... (6 KB) |
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| Tue Apr 1, 2008 Temex and East West Acquire Nickel-Copper-PGE Property South of McFaulds Lake and Noront Discovery NEWS RELEASE NR08-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") announces that it has expanded its land position in the area of the Noront Resources Eagle One and Eagle Two nickel-copper-platinum group element (Ni-Cu-PGE) discoveries in the McFaulds Lake area, Ontario. The latest land acquisition, referred to as the Fishhook Property (the "Property"), includes one contiguo... (5 KB) |
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| Wed Mar 19, 2008 Temex and East West Detect Airborne EM Conductors South of Noront Double Eagle Discoveries NEWS RELEASE NR07-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") announces that helicopter borne VTEM electromagnetic and magnetic surveys have now been completed and preliminary data has been received covering a 30 kilometre strike length on its claims subject to an Option and Joint Venture Agreement with East West Resource Corporation ("East West"), in the McFaulds Lake a... (4 KB) |
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| Sat Mar 1, 2008 Temex Provides Exploration Update NEWS RELEASE NR06-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") provides this exploration and project update on its mineral properties. The Company currently has two active drill programs in progress, one on its Whitney Township Gold Property located in the Timmins Gold Camp, and another on its Juby North Property, 100 kilometres south of Timmins. A third drill is to be ... (12 KB) |
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| Fri Feb 29, 2008 Temex Provides Update on Webequie Noront Area Activities NEWS RELEASE NR05-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") provides the following update on its activities on the Webequie Project in the area of the Noront Resources Ltd. Double Eagle Project. Since Noront Resources Ltd. ("Noront") first released its initial assessment of the discovery drill holes into its Eagle One nickel-copper-platinum-palladium ("Ni-Cu-PGE")... (7 KB) |
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| Tue Feb 19, 2008 Temex Sets Terms for East West Earn In on Claims Near Noront Ni-Cu-PGE Discovery NEWS RELEASE NR 02-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") announces that it has entered into a binding letter of intent ("LOI") with East West Resources Corporation ("East West") whereby Temex has granted East West the option to acquire a 50% interest in 25 staked mining claims (the "Claims") totaling 333 units (13,320 acres), in the general area of the Noront Resou... (5 KB) |
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| Thu Feb 14, 2008 Temex and Mill City Receive Final Approval Airborne Geophysical Survey Underway Near Noront Discovery NEWS RELEASE NR 01-2008 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") announces it has completed all documentation in relation to its Option and Joint Venture Agreement ("the Agreement") with Mill City Gold Corp. ("Mill City"). The Agreement, announced on December 12, 2007 covers nine properties encompassing more than 40,000 acres ("the Claims") in the vicinity of the Noront R... (4 KB) |
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| Wed Dec 12, 2007 Temex Sets Terms for Mill City Earn-In on Certain Claim Groups Near Noront Ni-Cu-PGE Discovery NEWS RELEASE NR 24-2007 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") announces that it has entered into a binding letter of intent with Mill City Gold Corp. ("Mill City") whereby Temex has granted Mill City the option to acquire a 50% interest in 64 staked mining claims (the "Claims") totaling 1012 units (40,480 acres), in the general area of the Noront Resources Ltd. ("Noront... (5 KB) |
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| Tue Dec 11, 2007 Temex, Noront and Baltic Expand Property Position Via Staking Syndicate NEWS RELEASE NR 23-2007 TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 TORONTO, ONTARIO: Noront Resources Ltd. ("Noront"), Baltic Resources Inc. ("Baltic") and Temex Resources Corp. ("Temex", TSX Venture Exchange TME, Frankfurt Exchange TQ1) announce that they have completed a significant land acquisition campaign in the McFaulds Lake area in the James Bay Lowlands region of northeastern, Ontario. The new properties, located in the general area of Noront's Double Eagle Ni-Cu-PGE di... (3 KB) |
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BACKGROUND
Background information on this Project
BACKGROUND
In September 2007, Temex initiated a program of land acquisition with partner MacDonald Mines Exploration Ltd. ("MacDonald") in the area of the nickel-copper-platinum group element discovery on the Noront Resources Ltd. ("Noront") Double Eagle Project. Noront has reported several significant drill hole intersections including NOT-07-05 grading 4.1% nickel, 2.2% copper, 2.1 g/t platinum and 7.1 g/t palladium over 117.40 metres (www.norontresources.com corporate presentation January 2008).
Temex continued to acquire claims with various partners including MacDonald, Noront, Canadian Orebodies Inc. ("Canadian Orebodies") formerly Baltic Resources Inc. and East West Resource Corporation ("East West"). By September 2008, 9,395 claim units totalling 375,400 acres had been acquired. Temex interests range from residual royalties to 100% interest. Land acquisition focused on acquiring ground that covers regional airborne magnetic signatures interpreted to represent favourable geological units for magmatic sulphide deposits hosted in mafic and ultramafic intrusives, as well as volcanogenic massive sulphide mineralization. Furthermore, data compilation allowed Temex to acquire ground with untested direct targets from previous workers. The geological environment is also favourable for mesothermal gold deposits and diamondiferous kimberlites.
In the fall of 2007, MacDonald, operator for the Temex / MacDonald partnership, began exploration work on the joint venture claims. This work included line cutting, ground and airborne geophysical surveying. Diamond drilling of two holes commenced in December 2007 and the program is planned to resume in summer 2008.
In the winter of 2008, Temex conducted airborne magnetic and electromagnetic geophysical surveying on most of its 100% claims and certain claims subject to earn-ins by partners. Data is being evaluated and will be followed up by ground geophysicsal surveying where warranted and priority targets will be drill tested beginning summer 2008.
The area of the Project is part of the traditional land use areas of the communities of Webequie, Marten Falls and Neskantaga First Nations. Contact with these communities is at different stages and Temex is looking forward to advancing mutually beneficial relationships.
Summary of Agreements for the Webequie Nickel-Copper-PGE Project
2007 September. 50% Temex / 50% MacDonald Mines Ltd. Joint Venture Agreement on York, Howe, Bay, Duncan, Hornby, Pender and King Properties. An initial exploration program of not less than $1.0 million is to be conducted on or before the first anniversary date; MacDonald Mines is the initial operator.
2007 September. 25% Temex / 25% MacDonald Mines Exploration Ltd. / 50% Canadian Orebodies Inc. (formerly Baltic Resources Inc.) Joint Venture Agreement on Wellington, Richmond and Adelaide Properties. An initial exploration program of not less than $1.0 million is to be conducted on or before the first anniversary date; MacDonald Mines is the initial operator.
2007 December. Temex / Noront Resources Ltd. / Canadian Orebodies Inc. (formerly Baltic Resources Inc.) Staking Syndicate Agreement. The agreement is subject to a 2% NSR royalty and, in the event of diamond production, a 2% GOR royalty on each of the other party's claims. Each party is responsible for operating on their 100% owned claims.
2007 December. Temex / Mill City Gold Corp. Option and Joint Venture Agreement on Northern Star Eagle and Southern Star Eagle Properties. Mill City was granted the option to earn a 50% interest in the claims provided that Mill City makes a cash payment of $300,000 (completed), issues an aggregate of 500,000 shares (250,000 issued) by December 12, 2008 and incurs not less than $2.5 million in exploration expenditures in staged amounts on or before December 12, 2010. Certain of the claims covered by the agreement are subject to a 2% NSR royalty or a GOR royalty under the Temex / Noront Resources / Canadian Orebodies Staking Syndicate Agreement.
2008 January. Temex / East West Resource Corporation Option and Joint Venture Agreement on GP Property. East West was granted the option to earn a 50% interest in the claims provided that East West makes a cash payment of $100,000 (completed), issues an aggregate of 500,000 shares (250,000 issued) by January 29, 2010 and incurs not less than $1.0 million in exploration expenditures in staged amounts on or before January 29, 2011. The Company is the operator.
2008 January. 50% Temex / 50% East West Resource Corporation Joint Venture Agreement on GP2 Property. An initial exploration program of not less than $1.0 million is to be conducted; the Company is the operator.
2008 January. 50% Temex / 50% East West Resource Corporation Joint Venture Agreement on Fishhook Property. An initial exploration program of not less than $1.0 million is to be conducted; East West is the operator.
2008 August. Noront Resources Ltd. entered into an Option and Joint Venture Agreement to earn a 10% interest in 916 claim units of the 1,123 claim units Fishhook Property by paying $100,000 upon execution of the Agreement and by spending $500,000 in exploration in the first year. Noront can earn up to a 60% interest by making payments totalling $600,000 and spending $4.5 million over three years.
2008 September. Gee-Ten Ventures Inc. entered into a Letter of Intent granting Gee-Ten the option to earn a 50% interest in 208 claim units of the 1,123 claim units Fishhook Property (the North Trap Property) by making cash payments totalling $150,000, including an initial cash payment of $60,000, issuing 200,000 shares over the next four years, including an initial issuance of 50,000 shares, and by spending $600,000 in the first year and an aggregate of $3.0 million over the earn-in period of three years. When the terms have been met, a Joint Venture will be formed to further explore and develop the North Trap Property. Gee-Ten will have the option to earn an additional 10% interest by spending an aggregate of $4.0 million in exploration expenditures, and a further 5% interest following the preparation of a feasibility study. East West is acting as operator of the exploration programs during the earn-in period.
2008 September. Mill City was granted the option earn a 50% interest in the GP2 Property by issuing an aggregate of 1,000,000 shares to Temex and East West, of which 750,000 are due on signing, and by spending an aggregate of $5.0 million in exploration on the Property over three years. During the earn-in period, Mill City has appointed Temex as the Agent to carry out the exploration programs, which will be managed in the field by East West. Once Mill City has exercised the option to earn a 50% interest, Temex has the option to participate in the Joint Venture at 25% interest or to revert to a 7.5% interest carried to production.
Other Properties: Temex 100%. The Company has acquired an additional 195 claims totalling 2,704 units that are not presently subject to any other agreements.
![]() Webequie Land Position |
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