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Re: News Releases - Tuesday, June 12, 2007
Temex Acquires Nickel Exploration Property Adjacent To Gold
Chalice Nickel Discovery Property
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NEWS RELEASE 09-2007
TSX Venture Exchange:TME, Frankfurt Exchange:TQ1
TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME,
Frankfurt:TQ1) ("Temex" or "the Company") announces the acquisition of
a nickel exploration property adjacent to the Golden Chalice nickel
discovery property near Timmins, Ontario.
Based on the grade and width of the nickel mineralization announced by
Golden Chalice Resources Inc. ("Chalice") in late May, Temex initiated
a property acquisition program commencing on the day of the
announcement. On May 16, 2007, Chalice reported that drill hole
GCL07-06 intersected 1.14% nickel over 72.50 metres, including two
separate mineralized intervals of 2.23% nickel over 17.50 metres of
drill core, and 1.74% nickel over 13.10 metres of drill core with
higher values of up to 5.7% nickel occurring with sulphide
concentrations.
Since the announcement, Temex has staked 161 units covering 6,440 acres
in two claim groups adjacent to, or in proximity to the Chalice nickel
discovery. One of the claim groups of 29 units covering 1,160 acres is
adjacent to the southwest of the Chalice discovery and the other is
located further to the southwest and east-northeast of the historic
Texmont nickel mine. Both property positions were designed to cover
the known or interpreted location of under-explored ultramafic rocks
similar to those that host the new Chalice discovery and also the
nickel mineralization at Redstone Mine, the McWatters Deposit, the
Langmuir mine and the Texmont Mine.
Personnel of the Company have a proven history of having completed
exploration programs in the area dating back more than 30 years. The
intimate knowledge of the area is being utilized to assemble a
significant land package covering areas of under-explored favourable
geology similar to the host lithologies at the various nickel deposits.
The Company intends to initiate exploration on the claims once the
property position is finalized.
For further information please contact Ian Campbell or Bruce Durham at
416-862-2246. Graphics highlighting the new acquisitions will be
posted to the Company website at www.temexcorp.com. Temex is a
well-funded Canadian exploration company focused on advancing its
precious metal, diamond and nickel projects in Ontario.
On behalf of the Board of Directors,
"Ian Campbell"
Ian Campbell
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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Copyright (c) 2007 TEMEX RESOURCES CORP (TME) All rights reserved.
For more information visit our website at http://www.temexcorp.com/ or
send mailto:info@temexcorp.com
Message sent on Tue Jun 12, 2007 at 7:11:43 AM Pacific Time
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