Temex drills Juby

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 aimed at infilling on the eastern portion of the Juby Main zone; the fourth tested zone 13, 1.6 km along strike to the west. Assay results are pending.

The property is host to 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 2.85% net smelter return royalty.

The Juby property is situated along trend from the Kirkland Lake and Matachewan gold mining camps.