Temex Resources Corp Increases Inferred Gold Resource at Juby Gold by 140 Percent

Temex Resources Corp. (TSX: TME) announced updates to the resource estimate for the Juby Gold Project and assay results.

As quoted in the press release:

The drill campaign focused on expanding the inferred resource, which increased by 140% to 2.2 million ounces of gold at a 0.4 g/t cut-off (74.2 million tonnes at 0.91 g/t gold) compared to the previous estimate published in January 2012and within which the Core Zone contains 1,059,939 ounces within 21,502,000 tonnes at a weighted average grade of 1.53 g/t gold.  The indicated resource increased by 11% to 1.04 million ounces (25.3 million tonnes at 1.28 g/t gold) compared to the previous estimate.

Temex’s President and CEO, Ian Campbell, said:

The resource remains wide open where it strikes onto the newly consolidated ground to the northwest where numerous high-grade intercepts occur 3 kilometres away directly along trend and with no drilling in between.  With this new model in hand we’ll now develop our plans and objectives for the next phase of work on the property which will include resource expansion drilling and evaluation of the numerous gold occurrences.

To view the whole press release, click here.