Temex wraps up drilling at Juby project

Temex Resources (YTM-V) has completed an initial 4-hole, 698-metre drill program on the Juby gold project, 22 km west of Gowganda, Ont.

Three of the holes were performed infilling on the eastern portion of the Juby Main zone; the fourth tested zone 13, about 1.6 km along strike to the west. Assay results are pending.

The property hosts an inferred resource of 34 million tonnes running 1 gram gold, based on drilling on 200-metre centres over a strike length of 2.5 km. The deposit remains open along strike and at depth.

Temex recently acquired Juby from Inmet Mining (IMN-T) for $250,000 in cash plus 100,000 common shares (subject to a 12-month hold period). The property’s original vendors retain a 2.8% net smelter return royalty.

Juby is in the area of the Kirkland Lake and Matachewan gold mining camps.