Temex Drills 10.97 g/t Gold over 6.00 Metres, Hallnor Extension, Whitney Gold Project

Temex Drills 10.97 g/t Gold over 6.00 Metres, Hallnor Extension, Whitney Gold 
Project 
TORONTO, Oct. 29, 2013 /CNW/ - Temex Resources Corp. (TSX-V: TME, FWB: TQ1) 
("Temex" or "the Company") announces high grade gold intersections at shallow 
depths from step-out surface drilling, extending the Hallnor Mine 
mineralization west to the Bonetal Mine area. The Bonetal area is located 
800 metres west-southwest along mine trend from the Hallnor Mine shaft. 
Hallnor was the highest grade past producing mine in the Timmins gold camp 
which yielded 1.7 million ounces of gold at an average grade of 0.40 opt (13.7 
g/t) before closing in 1972. 
Highlights (see Table 1 for downhole depths of significant intersections and 
Table 2 for details on drill hole locations) 


    --  TW13-312: 10.97 g/t gold over 6.00 metres incl 94.20 g/t gold
        over 0.30 metres and 17.34 g/t gold over 0.80 metres
    --  TW13-315: 6.34 g/t gold over 2.50 metres including 13.00 g/t
        gold over 1.00 metre
    --  BON880-7: 6.09 g/t gold over 6.30 metres including 12.05 g/t
        gold over 0.60 metres
    --  BON891-2: 3.19 g/t gold over 14.40 metres including 16.21 g/t
        gold over 0.60 metres
    --  BON891-6: 3.92 g/t gold over 8.10 metres including 13.25 g/t
        gold over 0.80 metres

"We are very pleased with these preliminary results at the Bonetal mine area 
as they have demonstrated continuity and extended some of the high grade gold 
bearing structures west from the Hallnor Mine area and will be incorporated 
into our plans for advanced exploration work on the Upper Hallnor," stated Ian 
Campbell, President and CEO.

The drill holes released today tested gold bearing structures over strike 
lengths of 150 metres and 105 metres respectively, with mineralized zones 
remaining open along strike and at depth. The TW series holes tested the 
western extension of the 155 vein and stockwork zones from the Hallnor 
property along two sections, highlighted by hole TW13-312 which intersected 
10.97 g/t gold over 6.00 metres (81.00 to 87.00 metres downhole) including 
94.20 g/t gold over 0.30 metres and 17.34 g/t gold over 0.80 metres.

The BON880 and BON891 holes were geotechnical holes which tested the Upper 
Bonetal Mine. Gold mineralization is hosted in variolitic volcanic breccia, 
known as "chicken feed", veined zones and stockworks in intermediate volcanic 
rocks similar to the Lower Hallnor Mine. Highlights include hole BON880-7 
which intersected 6.09 g/t gold over 6.30 metres (23.40 to 29.70 metres 
downhole) including 12.05 g/t gold over 0.60 metres and hole. BON891-2 which 
intersected 3.19 g/t gold over 14.40 metres (24.30 to 38.70 metres downhole) 
including 16.21 g/t gold over 0.60 metres and 9.60 g/t gold over 1.00 metre.

During the current approved program, 93 holes were drilled for a total of 
9,895 metres. An additional 32 holes totalling 1,462 metres were drilled for 
geotechnical investigations of the crown pillar areas at the Bonetal and 
Broulan Reef past-producing mines.

Project Update
Drill data collected during the current program is being interpreted with the 
focus on underground resource optimization of high grade gold structures 
within the lower grade envelope reported in the NI 43-101 resource estimate. 
Several of the near surface, high grade vein targets such as the 110, VM, 
Main, 155, 155 North and 155 South zones have been the focus of this portion 
of the drilling campaign.

The immediate objective is to define a first phase, life of mine plan 
beginning with an advanced exploration program consisting of a starter pit and 
a near surface underground exploration program with low capital outlays and 
operating costs, and which generates high economic return and quick cash flow.

Engineering mine design work has commenced and is examining both open pit and 
underground mining scenarios for an advanced exploration mining program. 
Environmental and permitting activities have been initiated toward that 
purpose.

The Whitney Property is held under a joint venture in which Temex owns 60% and 
is operator, and Goldcorp Canada Ltd. ("Goldcorp") owns 40% (as manager and on 
behalf of the Porcupine Joint Venture, a joint venture between Goldcorp Inc. 
and Goldcorp Canada Ltd.). Goldcorp recently informed Temex that it has 
reduced its exploration spending and as a result notified the Company that it 
will not be contributing its full share to the current approved program. 
Therefore, as per the joint venture agreement, Temex has elected to make cover 
payments to complete the $2.2 million program as planned.

Karen Rees, P.Geo., Vice President, Exploration of Temex Resources Corp., is 
the designated qualified person responsible for the preparation of this news 
release.

Table 1. Significant results from drill holes reported in this release

 _____________________________________________________________
|      Hole  | From (m) | To (m) | Core Length (m) | Au (g/t) |
|____________|__________|________|_________________|__________|
|TW13-309    |    103.30|  105.70|             2.40|      5.90|
|____________|__________|________|_________________|__________|
|TW13-310    |    104.00|  109.50|             5.50|      1.13|
|____________|__________|________|_________________|__________|
|            |    118.00|  124.40|             6.40|      1.42|
|____________|__________|________|_________________|__________|
|TW13-312    |     81.00|   87.00|             6.00|     10.97|
|____________|__________|________|_________________|__________|
|   including|     81.00|   81.30|             0.30|     94.20|
|____________|__________|________|_________________|__________|
|            |     86.20|   87.00|             0.80|     17.34|
|____________|__________|________|_________________|__________|
|TW13-314    |     71.50|   75.00|             3.50|      1.47|
|____________|__________|________|_________________|__________|
|TW13-315    |     55.00|   56.30|             1.30|      4.35|
|____________|__________|________|_________________|__________|
|            |    104.00|  106.50|             2.50|      6.34|
|____________|__________|________|_________________|__________|
|   including|    105.50|  106.50|             1.00|     13.00|
|____________|__________|________|_________________|__________|
|BON880-3B   |     25.50|   45.60|            20.10|      2.42|
|____________|__________|________|_________________|__________|
|   including|     28.50|   36.00|             7.50|      3.55|
|____________|__________|________|_________________|__________|
|   including|     33.50|   35.30|             1.80|      9.90|
|____________|__________|________|_________________|__________|
|            |     40.00|   44.10|             4.10|      4.41|
|____________|__________|________|_________________|__________|
|BON880-7    |     21.00|   33.00|            12.00|      3.57|
|____________|__________|________|_________________|__________|
|   including|     23.40|   29.70|             6.30|      6.09|
|____________|__________|________|_________________|__________|
|   including|     23.40|   24.00|             0.60|     12.05|
|____________|__________|________|_________________|__________|
|BON880-8    |     24.70|   27.00|             2.30|      3.86|
|____________|__________|________|_________________|__________|
|BON891-2    |     24.30|   38.70|            14.40|      3.19|
|____________|__________|________|_________________|__________|
|   including|     24.30|   24.90|             0.60|     16.21|
|____________|__________|________|_________________|__________|
|   including|     37.00|   38.00|             1.00|      9.60|
|____________|__________|________|_________________|__________|
|BON891-2A   |     24.70|   33.00|             8.30|      3.42|
|____________|__________|________|_________________|__________|
|   including|     30.50|   31.50|             1.00|      9.00|
|____________|__________|________|_________________|__________|
|BON891-5    |     23.00|   39.00|            16.00|      1.25|
|____________|__________|________|_________________|__________|
|   including|     23.00|   24.00|             1.00|      6.31|
|____________|__________|________|_________________|__________|
|   including|     29.20|   30.00|             0.80|      8.59|
|____________|__________|________|_________________|__________|
|BON891-6    |     22.70|   30.80|             8.10|      3.92|
|____________|__________|________|_________________|__________|
|   including|     30.00|   30.80|             0.80|     13.25|
|____________|__________|________|_________________|__________|

Notes: Temex has implemented a quality control (QA/QC) program that includes 
insertion of blanks, commercial standards and duplicate core samples in order 
to ensure best practice in sampling and analysis. Drill core samples are cut 
at Temex facilities using a diamond saw with the samples transported by Temex 
personnel in securely sealed bags to a bonded freighting company and from 
there directly to facilities operated by SGS Canada in Sudbury and 
Mississauga, Ontario for preparation and analysis. Core samples are analyzed 
for gold using fire assay on a 30 gram split with an ICP finish. Where 
initial results exceed 3 g/t gold, a second assay is completed on another 30 
gram split using fire assay with a gravimetric finish. As part of in-house 
QA/QC SGS Canada inserted certified gold standards, blanks and pulp duplicate 
samples. Random additional repeats are also analyzed as required. Results from 
all internal QC samples and repeats are reported. Intervals reported are 
core lengths. True widths are unknown at this time.

Table 2. Location details for drill holes reported in this release

 _______________________________________________________________
|         | UTM Easting | UTM Northing | Length |         |     |
|   Hole  |             |              |        | Azimuth | Dip |
|         |  NAD27 Z17  |  NAD27 Z17   |  (m)   |         |     |
|_________|_____________|______________|________|_________|_____|
|TW13-309 |     488674  |     5373395  |     141|    155  | -54 |
|_________|_____________|______________|________|_________|_____|
|TW13-310 |     488674  |     5373396  |     180|    155  | -60 |
|_________|_____________|______________|________|_________|_____|
|TW13-312 |     488675  |     5373394  |     201|    155  | -85 |
|_________|_____________|______________|________|_________|_____|
|TW13-314 |     488702  |     5373287  |     102|    335  | -65 |
|_________|_____________|______________|________|_________|_____|
|TW13-315 |     488706  |     5373282  |     120|    335  | -65 |
|_________|_____________|______________|________|_________|_____|
|BON880-3 |     488578  |     5373339  |      46|    330  | -58 |
|_________|_____________|______________|________|_________|_____|
|BON880-3B|     488578  |     5373339  |      53|    330  | -49 |
|_________|_____________|______________|________|_________|_____|
|BON880-7 |     488597  |     5373346  |      42|    330  | -60 |
|_________|_____________|______________|________|_________|_____|
|BON880-8 |     488605  |     5373353  |      42|    330  | -51 |
|_________|_____________|______________|________|_________|_____|
|BON891-2 |     488341  |     5373457  |      42|    336  | -45 |
|_________|_____________|______________|________|_________|_____|
|BON891-2A|     488341  |     5373457  |      45|    336  | -49 |
|_________|_____________|______________|________|_________|_____|
|BON891-5 |     488336  |     5373455  |      39|    336  | -45 |
|_________|_____________|______________|________|_________|_____|
|BON891-6 |     488332  |     5373454  |      42|    336  | -45 |
|_________|_____________|______________|________|_________|_____|

About Temex Resources Corp.

Temex is a Canadian based exploration company focusing on its portfolio of 
precious metals properties in the world class mining district of northeastern 
Ontario. Temex (60% interest) is advancing the Timmins Whitney Gold Project, 
in partnership with Goldcorp Canada Ltd. (40% joint venture interest; no 
back-in rights), and exploring the Juby Gold Project (100% Temex).

The Whitney Property has open pit and underground 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 plus 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 at a cut-off grade of 0.30 g/t gold for open 
pit and 2.0 g/t for underground (Note 1).

The Juby Main Zone has NI 43-101 compliant resources of 25.3 million tonnes at 
a grade of 1.28 g/t gold for 1,041,343 ounces of gold in the Indicated 
category and 74.2 million tonnes at a grade of 0.91 g/t gold for 2,174,193 
ounces of gold in the Inferred category, both at a cut-off grade of 0.40 g/t 
gold (Note 2).

Temex also has a NI 43-101 compliant resource for tailings material on its 
Gowganda Silver Project. The tailings piles contain a NI 43-101 compliant 
resource 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 April 29, 2013
     and the technical report filed on SEDAR June 12, 2013.  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.Geo., and Duncan
     Studd, MSc, "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 Information:

This news release contains forward-looking information which is not comprised 
of historical facts. Forward-looking information involves risks, uncertainties 
and other factors that could cause actual events, results, performance, 
prospects and opportunities to differ materially from those expressed or 
implied by such forward-looking information. Forward-looking information in 
this news release includes, but is not limited to, mineral resource estimates, 
and the development of its projects as well as the timing related thereto. 
Factors that could cause actual results to differ materially from such 
forward-looking information include, but are not limited to, general business 
and economic uncertainties, future mineral prices, uncertainties in mineral 
resource estimates and adverse market conditions, as well as those risks set 
out in the Company's public documents filed on SEDAR. Although the Company 
believes that the assumptions and factors used in preparing the 
forward-looking information in this news release are reasonable, undue 
reliance should not be placed on such information, which only applies as of 
the date of this news release, and no assurance can be given that such events 
will occur in the disclosed time frames or at all. The Company disclaims any 
intention or obligation to update or revise any forward-looking information, 
whether as a result of new information, future events or otherwise, other than 
as required by law.

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.









SOURCE  Temex Resources Corp. 
For more information please visit www.temexcorp.com or 
email:info@temexcorp.com or phone: 416-862-2246 toll free: 866-373-6287 
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CO: Temex Resources Corp.
ST: Ontario
NI: MNG PCS FIELD  
-0- Oct/29/2013 12:00 GMT
 
 
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