NORTHERN ONTARIO There may be at least half-a-million ounces of gold on the Juby property, reports owner TEMEX RESOURCES CORP. The project is located about 50 km south of Timmins in the Larder Lake camp. Temex released figures on July 20 for drill-indicated resources (1.20 million tonnes grading 2.33 g/t Au with a cut-off grade of 1.5 g/t) and inferred resources (4.54 million tonnes grading 2.14 g/t Au at the same cut-off grade).
Temex says the Juby Main zone consists of two mineralized areas. There is a higher-grade core zone with an associated lower-grade halo and an upper porphyry zone in the hanging wall of the higher-grade zone. The core zone is defined by equal amounts of feldspar and hornblende porphyry dikes and Timiskaming sediments that grade 0.75 g/t or greater gold. The gold halo is defined by Timiskaming sediments with lesser amounts of feldspar porphyry and hornblende porphyry dikes with grades of 0.25 to 0.75 g/t gold. The Upper Porphyry Zone is defined by a feldspar porphyry dike with lesser amounts of Timiskaming sediments which grades 0.75 g/t or greater gold.
Temex purchased the Juby property from INMET MINING in July 2002 for $250,000 and 100,000 common shares. Temex believes that it may eventually uncover a multi-million-ounce gold deposit. Learn more at www.TemexCorp.com or read the company’s news releases at www.newswire.ca.