Temex Resources (CVE:TME, FRA:TQ1) is a Canadian gold explorer focusing on properties within the world class Abitibi greenstone belt in Ontario. Temex’s key projects include Whitney Gold in the Timmins Gold Camp, and Juby Gold in the Shining Tree Gold District, where resource drilling is ongoing. Early stage exploration is also underway on several nearby projects. Temex holds a 60% interest in Whitney, with Goldcorp (NYSE:GG, TSE:G) holding 40%, and has a 5 year development plan of $8.3 million. Whitney covers 2,155 acres and includes the historic Broulan Reef, Bonetal and Hallnor mines, with Hallnor having produced 4.23 million tonnes at a grade of 0.40 opt (ounces per tonne) or 13.7 g/t Au (grams per tonne gold), making it one of the highest grade past-producing mines in the Timmins Camp. Total production at Hallnor amounted to 1.7 million ounces of gold. Whitney carries a 4,000 m mineralized strike extent that runs along the Porcupine Destor Fault, with the Hallnor mine located at the eastern end of the claim block, and containing potential targets that may exceed 1 million ounces of gold. Additional near surface high grade targets are located over 3,000 m of strike at Reef Pit, and C Zone, and on a parallel line at Hugh Pam, Q Zone, and between the Bonetal and Hallnor mines at 1-55, Main, and South Veins. All of these multiple gold zones and targets are nestled within a 10 million ounce gold trend that is surrounded by extensive mining infrastructure, which includes a large operating gold mill located 5 km away, owned by joint venture partner Goldcorp. Temex completed 15,000 m of drilling in December and launched into a second round of 12,000 m in March. Recent drilling on near surface gold in the upper portions of Hallnor (Upper Hallnor) included testing the Main and South veins where high-grade gold was encountered including 21.2 g/t Au over 4.10 m and 33.60 g/t Au over 2.4 m in holes TW10-111 and TW10-122. The adjacent Hallnor 1-55 vein system was drilled with 13 holes over a strike length of 500 metres all of which cut gold mineralization including 50.10 g/t Au over 0.70 m in TW10-102, 24.75 g/t Au over 0.70 m in TW10-96, and 3.32 g/t Au over 7.00 m in TW10-97. Holes into the footwall #6 Vein area of Hallnor encountered broad intervals of quartz veining and visible gold with intersections of 9.97 g/t Au over 6.70 m, including 66.00 g/t Au over 0.8 m in hole TW10-112 and 5.81 g/t Au over 11.40 m in hole TW10-119. The Q Zone is another prime target on the Hallnor side with prior drill intersections of 17.71 g/t over 2.90 metres, 90.35 g/t over 0.50 metres and 29.91 g/t over 1.40 metres, and 180.00 g/t Au over 0.50 m in TW10-94. The Q Zone is interpreted by the Company to represent the down-dip extension of the Upper Hallnor vein structures and wide open for expansion, potentially extending west into the Hugh Pam area, where shallow drilling intersected values up to 8.41 g/t Au over 27.5 m. To the west, Broulan Reef, with historic production of 490,000 ounces of gold at 0.23 opt or 7.88 g/t Au, also contains near-surface gold at Reef West Pit, where drilling intersected up to 33.50 g/t Au over 5.40 m. Current drilling in underway to outline potential near-surface resources. Ongoing drilling at Whitney continues to find significant gold mineralization near surface and combined with deeper high-grade gold targets at Hallnor, validates the million ounce gold potential at Whitney. The Juby Gold Project covers 9,223 acres at the east end of the Shining Tree Gold District. The 100% owned Juby Main Zone hosts a NI 43-101 Compliant Indicated Resource of 14.1 million tonnes of 1.36 g/t Au for 614,000 ounces of gold, and an Inferred Resource of 18.3 million tonnes at 1.14 g/t Au for 602,000 ounces of gold, at 0.50 g/t cutoff. Current drilling at Juby Main Zone is focused on expansion of these resources. The Juby Main zone has a potential strike extension exceeding 2.5 km. The surrounding ground to Temex’s 100% Juby Main Zone gold deposit, known as Juby Joint Venture is held 60% by Temex and Goldeye Exploration (CVE:GGY) with 40%. The Joint Venture ground covers the extreme western strike extent of the Juby Main Zone where prior drilling has intersected 1.26 g/t Au over 61.60 m and 3.31 g/t Au over 6.76 m, as well six newly defined priority targets, including a 2 km gold trend that runs parallel to the Juby Main Zone, with historic drill intersections and trench sampling up to 2.23 g/t Au over 18.2 m and 3.20 g/t Au. A scout hole testing one of the six new targets intersected 10.60 m grading 2.04 g/t Au, including 4.00 g/t Au over 4.25 m and 10.42 g/t Au over 0.75 m, located on a 500 m long gold anomaly north of Juby Main Zone representing a new parallel gold-bearing structure. This new gold discovery is wide open in all directions and will be further drill tested along with other priority targets. Other projects include the Gowganda Silver Prospect, where the Miller Lake O’Brien silver mine produced 40.7 million ounces, at 22 opt silver, and hosts an un-mined high grade 600 m long silver vein system, and tailings containing a non compliant 1.827 million tons of 1.43 opt silver for 2.61 million ounces. Additional properties include Latchford, and Springer in the Ring of Fire area of northwestern Ontario which abuts the TPK Project held by Northern Superior and Rainy River. Temex is capitalized at just $32 per ounce of Indicated and Inferred gold ounces, whereas its peer group of gold explorers is capitalized at $245 per ounce. This does not include Whitney, with excellent potential for high-grade gold resources in close proximity to its partner’s (Goldcorp) mill.

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