TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex" or the "Company") and partner Mill City Gold Corp. ("Mill City"), (collectively "the Companies"), have been advised that the recent information announced by Arctic Star Diamond Corp., WSR Gold Inc. and Metalex Ventures Ltd. (the "Joint Venture") regarding mineralization intersected while drill testing on anomaly 5.01, James Bay Lowlands, Ontario, is of interest to Temex and Mill City as the drilling operations are taking place on a property that is adjacent to one of the Temex/Mill City Northern Star Eagle claim blocks. In a news release dated June 4, 2008, the Joint Venture reported that "Hole 5.01-06 on north south Section 1+50 East, a 50 meter step out from the previously reported Hole 5.01-01 (see Arctic Star/WSR/Metalex press release dated May 25, 2008), encountered, in highly altered felsic volcanics, a strong sulphide zone from 72.7 meters to 167.7 meters (95.0 meters) containing visible copper, zinc, lead and iron sulphide mineralization in semi to near massive sulphides".
Mill City is focusing its exploration efforts on its option from Temex Resources Corp. to acquire a 50% interest in approximately 16,000 ha located in the James Bay Lowlands near the Noront Ni-Cu-PGE discovery. As announced on April 15, 2008, the airborne geophysical surveys have been completed. Preliminary data has been received and initial evaluation suggests the presence of a number of high priority exploration targets similar to the one that highlights the location of the original Noront Eagle One discovery. These targets, along with a number of targets that might be caused by mineralization similar to mineralization reported by the Joint Venture are also currently being planned as drill targets in the first round of drilling slated to begin by July 2008.
Bruce Durham, P. Geo., is the designated qualified person responsible for the preparation of this news release. Temex is a well-funded Canadian exploration company advancing its precious metal, nickel, diamond, and uranium projects in Ontario. For further information, contact Ian Campbell or Bruce Durham at 416-862-2246 or visit www.temexcorp.com. Investors are invited to visit the Temex IR Hub at http://www.agoracom.com/ir/Temex where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to mailto:TME@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
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*
5 members recommend this.
Executive Chairman Bruce Durham updates investors on events at Temex
