Drilling by Temex Resources (TME-V) at its Juby joint venture property, 20 km west of Gowganda, Ont., has discovered new gold mineralization on the deposit.
A drill hole 50 metres west of another drilled in 2004 intersected multiple gold zones, one of which was a 2.2-metre interval grading 15 grams gold per tonne. The intersection does not appear to be an extension of the mineralization intersected in the older hole; the extensions along strike appear to be deeper in the hole, and include a 2.9-metre core length grading 3.4 grams gold per tonne.
Juby is a joint venture between Temex, which is the project operator, and Goldeye Exploration (GGY-V). A resource estimate on Juby puts the known size of the deposit at 8.6 million tonnes grading 1.8 grams gold per tonne in measured and indicated categories, plus 1.8 million tonnes grading 1.8 grams gold per tonne in inferred resources.
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