Temex Commences Largest Drill Campaign Ever on Now Consolidated Juby Project, Ontario

Temex Commences Largest Drill Campaign Ever on Now Consolidated Juby Project, 
Ontario 
TORONTO, Nov. 28, 2012 /CNW/ - Temex Resources Corp. (TSX-V: TME, FWB: TQ1) 
("Temex" or "the Company") announces that the largest drill campaign ever has 
commenced on its 100%-owned Juby Gold Project ("Juby") located in Tyrrell 
Township in northeastern Ontario. 
Juby is located 100 kilometres south of Timmins, Canada's largest gold camp, 
and is situated along the southwestern extension of the Larder Lake-Cadillac 
Fault Zone between AuRico Gold Inc.'s Young Davidson gold mine and IAMGOLD 
Corporation's Cote Lake gold deposit. 
The Juby Main Zone (news releases January 16 and February 28, 2012) contains a 
National Instrument 43-101 ("NI 43-101") compliant resource of 22.3 million 
tonnes at a grade of 1.30 g/t gold for 934,645 ounces of gold in the Indicated 
category and 28.2 million tonnes at a grade of 1.00 g/t gold for 905,621 
ounces of gold in the Inferred category, both at a cut-off grade of 0.40 g/t 
gold and represents a target for large tonnage open pit mining operations. 
This resource was defined from surface along a strike length of 2,800 metres 
and is hosted in altered Timiskaming sediments and felsic intrusive rocks. 
"The recently completed major land consolidation which increases our land 
position more than ten-fold opens up an aggressive and exciting phase of 
exploration on the Juby Project," commented Karen Rees, Vice President, 
Exploration. "Two rigs have recently begun drilling to expand the Juby Main 
Zone gold deposit both at depth and along strike to the west trending onto the 
Golden Lake Property where we earlier this year extended gold mineralization 
typical of the Juby Main Zone a further 750 metres where it remains open. We 
expect to add a third rig in early 2013 to test some priority exploration 
targets further along strike for both bulk tonnage and higher grade gold 
deposits typical of the Kirkland Lake and Timmins gold camps." 
Land Consolidation Successfully Completed 
On November 23, 2012, the Company announced the completion of the acquisition 
of a large block of claims from Goldeye Explorations Limited ("Goldeye"). As 
a result, Temex increased its 100% ownership in the area by over ten-fold from 
1,343 acres to 14,423 acres. The acquired landholdings are contiguous and 
complementary to the existing Temex assets in Tyrrell Township and include a 
large block of claims in which Goldeye owned a 100% interest, as well as 
Goldeye's 40% interest in the claims comprising the Juby Joint Venture 
Property in which Temex held a 60% interest. 
Importantly, Temex has successfully consolidated promising exploration 
properties in the immediate vicinity of the Company's Juby Main Zone and at 
the same time extended Temex's 100% ownership of the important Tyrrell 
Structural Zone ("TSZ"), host to all of the major gold occurrences in the 
region, a further 5 kilometres along trend, doubling Temex's controlled strike 
length to over 10 kilometres. The TSZ is a major structural feature similar in 
many geological respects to the Larder Lake- Cadillac and Destor-Porcupine 
major faults zones host to the world class Kirkland Lake and Timmins gold 
camps in the region. 
Notable gold zones acquired from Goldeye along the TSZ include the Big Dome 
from which Goldeye has reported drill intersections including 217.50 g/t gold 
over 2.10 metres, 13.10 g/t gold over 3.00 metres and 80.70 g/t gold over 2.10 
metres and Hydro Creek which includes drill intersections of 5.89 g/t gold 
over 12.50 metres, 3.58 g/t gold over 20.20 metres and 4.28 g/t gold over 
14.00 metres. 
Big Dome and Hydro Creek are located 4 and 5 kilometres respectively directly 
on strike along the TSZ west of the Juby Main Zone NI 43-101 gold resources. 
Work Program 
The drill program has commenced with two rigs on the western portion of the 
Juby Main Zone and the projected extension onto the Golden Lake Property where 
drilling of 8 holes in spring intersected widespread gold mineralization 
typical of the Juby Main Zone a further 750 metres where it remains wide 
open. The objective of this program is to increase the Juby Main Zone NI 
43-101 gold resource and to test priority exploration targets proximal to the 
resource. 
Karen Rees, P.Geo., Vice President, Exploration of Temex Resources Corp., is 
the designated qualified person responsible for the preparation of this news 
release. 
About Temex Resources Corp. 
Temex is a Canadian based exploration company focusing on its portfolio of 
precious metals properties in Northeastern Ontario, a world class mining 
district. Temex is exploring the Timmins Whitney Property, in partnership 
with Goldcorp, and the Juby Gold Project. 
The Whitney Property has NI 43-101 compliant resources on the Upper Hallnor of 
3.0 million tonnes at a grade of 2.44 g/t gold for 234,300 ounces of gold in 
the Measured category, 8.8 million tonnes at a grade of 1.97 g/t gold for 
555,900 ounces of gold in the Indicated category, and 4.1 million tonnes at a 
grade of 1.82 g/t gold for 241,000 ounces of gold in the Inferred category, 
all at a cut-off grade of 0.30 g/t gold (Note 1). 
The Juby Main Zone has NI 43-101 compliant resources of 22.3 million tonnes at 
a grade of 1.30 g/t gold for 934,645 ounces of gold in the Indicated category 
and 28.2 million tonnes at a grade of 1.00 g/t gold for 905,621 ounces of gold 
in the Inferred category, both at a cut-off grade of 0.40 g/t gold (Note 2). 
The Gowganda Silver Project has a NI 43-101 compliant resource in tailings 
piles of 1.94 million tonnes grading 47.5 g/t silver for a contained resource 
of 2.96 million ounces of silver in the Indicated category (Note 3). 
Notes: 
1. Information regarding the mineral resource estimate on the Upper 


     Hallnor is in the Company's news release dated September 5, 2012
     and the technical report filed on SEDAR October 19, 2012.  The
     Mineral Resource Statement was prepared for Temex by P&E Mining
     Consultants Inc. of Brampton, Ontario in accordance with NI 43-101
     by Richard Sutcliffe, PhD, P.Geo., Eugene Puritch, P.Eng., David
     Burga, P.Geo., Yungang Wu, P.Geo., Tracy Armstrong, P.Geo., and
     Antoine Yassa, P.Geo., "independent qualified persons" as defined


 by NI 43-101.
  2. Information regarding the mineral resource estimate on the Juby 


     Main Zone is in the Company's news release dated January 16, 2012
     and the technical report filed on SEDAR February 28, 2012.  The
     Mineral Resource Statement was prepared for Temex by GeoVector
     Management Inc., Ottawa, Ontario in accordance with NI 43-101 by
     Joe Campbell, BSc, P.Geo., Alan Sexton, MSc, P.Geol., and Allan
     Armitage, PhD, P.Geol., "independent qualified persons" as defined


 by NI 43-101.
  3. Information regarding the mineral resource estimate in the 


     tailings piles located on the Gowganda Silver Project is in the
     Company's news release dated June 8, 2011 and the technical report
     filed on SEDAR July 21, 2011.  The Mineral Resource Statement was
     prepared for Temex by GeoVector Management Inc., Ottawa, Ontario
     in accordance with NI 43-101 by Allan Armitage, PhD, P.Geol., Alan
     Sexton, MSc, P.Geo., and Joe Campbell, BSc, P.Geo., "independent
     qualified persons" as defined by NI 43-101.

Forward Looking Statements:

This news release includes certain "forward-looking statements". Such 
forward-looking statements involve risks and uncertainties. The results or 
events predicted in these forward-looking statements may differ materially 
from actual results or events. The Company disclaims any intent or 
obligation to update any forward-looking statement, whether as a result of new 
information, future events or results or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release.

please visitwww.temexcorp.com or email:info@temexcorp.com or phone: 
416-862-2246 toll free: 866-373-6287

SOURCE: Temex Resources Corp.

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CO: Temex Resources Corp.
ST: Ontario
NI: MNG PCS FIELD 

-0- Nov/28/2012 14:31 GMT


 
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