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Message: Temex Numerous High Priority Dril Targets.

Temex Numerous High Priority Dril Targets.

posted on Apr 15, 2008 06:28AM

 

Temex and Mill City identify numerous high priority drill targets

TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

TORONTO, April 15 /CNW/ - Temex Resources Corp. (TSX Venture

Exchange:TME, Frankfurt:TQ1) ("Temex") and partner Mill City Gold Corp.

("Mill City"), (collectively "the Companies"), announce that airborne

geophysical surveys have been completed over nine separate claim blocks

comprising the Northern Star Eagle and the Southern Star Eagle Claims (the

"Claims") in the general area of the Noront Resources Ltd. high grade

nickel-copper-platinum group element ("Ni-Cu-PGE") discoveries located near

McFaulds Lake in northern Ontario. 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.

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Survey Highlights:

- 2,200 line-km of state of the art helicopter-borne magnetic ("Mag")

and electromagnetic ("EM&quot;) surveying was completed.

- Mag and EM data was collected along 100-metre spaced flight lines,

thereby virtually eliminating the need for significant follow-up

ground geophysical programs; there is no known history of exploration

on any of the Claims.

- Many conductive zones have been outlined, a majority of which have

associated, direct correlation with magnetic highs that may be caused

by the presence of ultramafic rocks with or without accompanying

sulphide mineralization.

- Diamond drilling is expected to commence after the spring thaw and

once suitable drilling equipment is available.

>>

Mill City has the option to earn a 50% interest in the Claims by spending

$2.5 million on exploration over a 3 year period, and is funding 100% of the

program; Temex is the operator (news release Dec 12, 2007). The Companies view

the geophysical data as the most significant portion of the exploration

process to define targets prior to diamond drill testing for the presence of

sulphide mineralization because Ni-Cu-PGE mineralization, like that discovered

by Noront, produces geophysical signatures that can be detected by airborne

geophysical surveys, and because there is very little rock exposure in the

area. The Companies expect to be in a position to fully evaluate the data sets

over the next month and are in the process of arranging logistics so that a

diamond drill program can be commenced in the early part of the summer. The

drill program will be fully helicopter-supported so it is necessary that a

significant effort be made to streamline the logistics prior to the start of

drilling operations. These arrangements are currently in the planning stages

and will be implemented over the coming weeks.

Bruce Durham, Executive Chairman of Temex commented, "We are really

excited to have outlined so many targets in this completely unexplored area

that reaches as far as 100 km to the northwest and 60 km to the southwest of

the Noront discovery. It is certainly possible that we will discover

significant mineralization at more than one of these targets in the near

future.&quot;

Follow-up Program

The Companies expect to be in a position to evaluate a number of the best

targets over the summer months using a combination of limited ground

geophysical surveying and cursory field investigations followed shortly

thereafter by initial diamond drill testing. A number of targets occurring on

about half of the blocks are currently being planned as drill targets in the

first round of drilling slated to begin this summer. The Companies plan to

post some of the pertinent geophysical data on their respective websites once

the final data has been received and fully evaluated.

Geophysical anomalies that result from the presence of magmatic massive

sulphide mineralization (Ni-Cu-PGE bearing sulphides) are typically short

length (generally one hundred to several hundred metres long) EM anomalies

that have coincident or even significantly larger associated magnetic highs

that reflect the presence of a combination of magnetite in the ultramafic

rocks (resulting from the process of serpentinization or alteration of the

ultramafic host rock) and the sulphides that cause the conductive response.

While these characteristics are significantly less obvious as sulphide

concentrations decline in a mineralized zone, the best targets, as described

above, are the primary targets and would be expected to be the higher grade

portions of any mineralized zone.

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. 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 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&quot;

Ian Campbell

President and CEO

(x)The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this news release(x)

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