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Last C$0.11 CAD
Change Today +0.005 / 4.76%
Volume 3.6M
TME On Other Exchanges
As of 3:52 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

temex resources corp (TME) Snapshot

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07/16/15 - C$0.13
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temex resources corp (TME) Details

Temex Resources Corp., a mineral exploration company, is focused on the acquisition and exploration of precious metals properties in Canada. It explores for gold and silver deposits. The company’s principal property includes the Whitney gold project located in the Timmins Gold Camp, northeastern Ontario. Temex Resources Corp. is headquartered in Toronto, Canada.

temex resources corp (TME) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$205.0K
Vice President of Exploration and Corporate S...
Total Annual Compensation: C$170.0K
Compensation as of Fiscal Year 2014.

temex resources corp (TME) Key Developments

Eagle Hill Exploration Corporation, Corona Gold Corp., Oban Mining Corporation, Ryan Gold Corp, Temex Resources Corp. - M&A Call

To discuss the details of the combination

Temex Resources Corp. to Increase Equity Interest to 85% of Whitney Joint Venture

Temex Resources Corp. announces that it has entered into a non-binding letter of intent with Goldcorp Canada Ltd. for Temex to increase its equity interest to 85% of the Whitney Joint Venture Gold Project. The letter of intent will culminate in definitive agreements (the 'agreement') within 90 days from the date of signing the Letter of Intent. The participating interests of Temex and Goldcorp upon signing the agreement, which is to be executed within 90 days, will be 85% and 15%, respectively. In order to obtain the additional 25% interest in the Whitney JV, Temex has elected to firstly dilute Goldcorp's interest to 30% via dilution mechanisms as provided for in the Joint Venture Agreement ('JVA') dated June 29, 2010. In conjunction with the equity dilution, Goldcorp has agreed to sell an additional 15% interest to Temex for CAD 1.5 million payable in three installments of CAD 500,000 with the first payment due within seven days of execution of the Agreement. The second payment is due six months after commencement of bulk sample activities (defined for these purposes as the collection of 2,000 tones of product) but no later than 12 months of signing the Agreement, and the third payment within six months of the second payment. Temex will achieve an 85% interest upon making the first payment to Goldcorp.

Temex Resources Corp. Receives Excellent Metallurgical Testwork Results from the Whitney Gold Project in Timmins, Ontario

Temex Resources Corp. announce that it has received excellent metallurgical testwork results from the Whitney Gold Project in Timmins, Ontario. The historic and prolific Hallnor mine, the centerpiece of the Whitney Project, was the high grade gold producer in the Timmins camp, having produced 1.7 M ounces of gold at 0.40 ounces (12.4 g) gold per tonne. Current NI 43-101 measured and indicated resources of the Whitney Property total 708,600 ounces contained in 3,219,000 tonnes grading 6.85 g/t gold and inferred resources of 170,700 ounces contained in 995,000 tonnes grading 5.34 g/t gold, at a cut-off grade of 3.0 g/t gold. Overall recoveries of 98% and 96% at head grade of 6.59 g/t gold were achieved from grind sizes of a P80=73 m at the finest size and at P80=149 m at the coarsest size respectively from conventional gravity concentration followed by high intensity cyanidation of gravity concentrate and cyanidation of gravity tailings by carbon-in-pulp (CIP) recovery methods. Activated carbon leach tests demonstrated that no deleterious elements in the feed were present to compete with gold extraction. Very high gravity separation was achieved, with rates between 51% and 66% depending on the weight recovered. Intensive cyanidation of concentrate (both gravity and flotation) resulted in high levels of extraction of 99% and 97% respectively; the cyanide leach reagent consumption was low. Conventional froth flotation on gravity tailings was also tested as a comparable alternative to CIP/CIL extraction. Combined with gravity recovery, overall gold recoveries were as high as 96% before cyanidation and 95% subsequent to cyanidation. Modified ABA (acid/base accounting) testing clearly identified CND (cyanide destruction) tailings as non-acid generating (NAG) with most of the neutralization potential related to fast-reacting carbonate mineralization. NAG testing confirmed the results of the ABA test, also clearly identifying the CND tailings as non-acid forming. Testwork results suggest that gravity separation followed by cyanidation/CIP of gravity tailings may be the optimum flowsheet. Additional testing could improve efficiencies and reduce milling costs.


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