President’s Message
Temex Resources Corp. is a Canadian exploration Company with an expanding portfolio of high-quality mineral exploration properties that covers the full range of risk-reward situations from proven mine trends to pure blue sky. All of our projects are located in politically stable and mineral rich Ontario.
We are experiencing the early stage of a long-term commodity uptrend, a “commodity supercycle” as Eric Sprott calls it, driven by increasing demand from emerging economies such as India and China. This trend should result in continued upward pressure on the supply-demand fundamentals of all metals, most particularly those of the base metals nickel and copper, and of uranium. Exposure to these commodity sectors therefore provides our investors with the opportunity to share in the upside.
Gold and silver are the foundation of the Company, and we believe that the bull market trend will continue based on a combination of supply and demand fundamentals and the ongoing currency debasement by governments worldwide. Current circumstances suggest that this upward trend will continue for several years, and even accelerate, resulting in tremendous benefits for our shareholders.
Temex operates with the highest degree of industry standards and we make every possible effort to both inform and support the local communities in which we operate. Local stakeholders and First Nations communities in proximity to our projects are actively engaged, and we welcome community members as part of our team, which demonstrates our commitment to building long-standing mutually beneficial relationships.
We define real success by our commitment to excellence, persistence and conscientiousness in all endeavors and our number one goal is to ensure that our share price is reflective of the real value built into the Company. Growth results from increasing our gold resources on the Juby Gold Project and drilling for high-grade gold mineralization on the Timmins Gold Project, while high impact growth is possible from discovery on any one of our other exploration projects, most notably the extensive targets on the McFaulds Lake “Ring of Fire” properties. We also have potential silver production from the Gowganda Silver Project providing an exceptional opportunity to take us to a level of independence on the financing front.
I welcome you to our website.
Yours truly,
Ian Campbell
President and Chief Executive Officer
July 29, 2008
Built To Succeed
• Well financed with $ 8 million cash on hand.
• $ 2 million exploration program on Timmins Gold Project focused on new discoveries and identifying gold resources around high grade Hallnor Mine.
• Gold and silver with in-ground resources and discovery potential in area with established infrastructure.
• Excellent exposure in area of the Noront high grade nickel copper- platinum group element discovery; direct interests range from 100% interest to residual royalties in over 300,000 acres.
• Completion of drill programs on several projects in 2008 for gold, silver, nickel, copper, uranium and diamonds.
Exploration Targets
1. Bonwhit – C Zone – Hallnor Corridor
- major deep high grade exploration target including multiple stacked high grade hook veins up to 40.84 opt over 9.5 feet - near surface C Zone resources; 10.13 g/t over 4.5 metres
2. Pamour – Hallnor – Broulan Reef Mine Trend to Southwest
- intersection of Vipond Formation which hosts 15 million + ounces at Dome Mine
3. Central Formation Trend
- along Hollinger-McIntyre-Coniaurum (“HMC”) chicken feed horizon - host to 33 million ounce HMC complex - basal till anomalies and drill hole 0.90 opt over 2.0 feet
4. Broulan Reef West End
- resources outlined from previous operators
Solid Fundamentals
Our Team
Management - history of exploration success:
Ian Campbell, P.Geo. - President and CEO, Bruce Durham, P.Geo. - Executive Chairman,Edward Badida, CA - Chief Financial Officer and Karen Rees, P.Geo. - General Manager
Board of Directors - 200 years experience:
Peter Akerley, Nelson Baker, Ian Campbell, Bruce Durham, Angus Footman and David Wahl
Exploration - 150 years of experience:
Karen Kettles, P.Geo. - GIS Specialist, Henry Hutteri, P.Geo. - Senior Geologist, Christine Hann - Project Geologist, Roman Tykajlo, P.Geo. - Consulting Geophysicist, Richard Brett - Senior Technician and Ed Korba - Senior Technician
Executive Chairman Bruce Durham updates investors on events at Temex