Exploration drilling on the 6 Vein area of the Upper Hallnor mine in Ontario’s Timmins camp has returned wide core lengths of gold mineralization, Temex Resources (TME-V) says, with 9.97 grams gold per tonne over 6.7 metres including 66 grams gold over 0.8 metre (hole 112), 6.47 grams gold over 5.7 metres (hole 110), and 5.81 grams gold over 11.4 metres (hole 119).
The results are part of a 15,000-metre drill program testing targets in the Upper Hallnor mine on the Whitney property, Temex’s joint-venture with Goldcorp (G-T, GG-N), with ownership split 60-40, respectively.
The property hosts three past-producing mines including the high-grade Hallnor mine, which produced 1.7 million oz. gold at a grade of 13.7 grams gold.
Other highlights from the drilling completed in December 2010 include: hole 120, which returned 2.03 grams gold over 20.9 metres including 10 metres of 3.04 grams gold; 14.4 metres of 3.72 grams gold including 3.10 metres of 8.55 grams gold in hole 116; and 10.60 metres of 2.82 grams gold in hole 109.
All nine holes struck broad intervals of quartz veining with occasional fine-grained visible gold with up to 80 metres of highly anomalous gold mineralization.
Drilling tested for extensions of the Hallnor 6 Vein zone in the footwall of the Hallnor deposit northeast of the Hallnor shaft and over a 100-metre strike length.
In addition to Whitney, Temex is advancing its 100%-owned Juby gold project in Gowganda, in the Shining Tree gold district situated about 100 km north of Sudbury, Ont. Juby has indicated resources of 614,000 oz. gold grading 1.36 grams gold and inferred resources of 602,000 oz. gold grading 1.14 grams gold, both at a cut-off grade of 0.50 gram gold per tonne.
On Feb. 3, Temex released additional drill results from the Juby project with highlights of 47 metres of 1.36 grams gold in hole 109, and 40.80 metres of 1.12 grams gold in hole 108. That deposit remains open at depth and 1.5 km along strike to the west.
At presstime in Toronto, Temex was trading at 39¢ per share. Over the last year it has traded between 17¢ (May 25) and 48¢ per share (Sept. 27).
Be the first to comment on "High-grade hits for Temex in Timmins"