Key points...
that a 15,000 metre deep diamond drilling program is underway on the Whitney Township Property
Historical production totalled more than 1.65 million ounces of gold at an average grade of 0.40 opt (13.71 g/t).
Assay results are pending from a recent 3,325 metre shallow level
diamond drill program which tested near surface targets in the Broulan Reef Mine area.
Temex has the option earn a 60% interest in the entire Broulan Reef portion of the Property and below the 1,000 foot level on the contiguous Hallnor Mine Property by making expenditures of $4.0 millionover 4 years.
As of May 26, 2008, Temex has completed $2.0 million of exploration expenditures as required prior to the third anniversary of the Agreement.
Modeling by Temex indicates that at the time the mine ceased operations in 1971, several other vein systems were either partially mined or drilled but not fully developed or mined.