Temex initiates IP geophysical survey Latchford Gold Project
TSX Venture Exchange: TME,
The purpose of the survey is to: a) define specific drill targets within the gold in bedrock trend; b) establish a potential IP and resistivity template for the structural setting and the gold mineralization; and c) detect the unconformity between Proterozoic and Archean rock sequences at depth. The unconformity has been targeted as a high potential zone for the formation of high grade precious metals veins and is a similar geological environment to the Cobalt Silver Camp just to the north.
The new gold in bedrock trend was initially discovered late in 2008 when grab samples returned gold assays of 4.08 g/t, 4.78 g/t, 5.52 g/t and 11.97 g/t gold (news release
The LGP was initiated following the discovery of vein-style bonanza gold mineralization ((greater than) 6,000 g/t gold) located 5 km to the south when detailed geochemical analyses demonstrated that the abundant visible gold in the sample was associated with cobalt-nickel-arsenide minerals in calcite veins and was determined to have an origin similar to that of the ultra high grade silver veins from the world-famous Cobalt and Gowganda silver districts from which past production has exceeded 500 million ounces of silver.
On behalf of the Board of Directors,
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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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For further information: Ian Campbell, President and CEO or Bruce Durham, Executive Chairman at (416) 862-2246 or visit www.temexcorp.com
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