cnw






TSXV:TME; FWB:TQ1


TORONTO, Oct. 19, 2011 /CNW/ - Temex Resources Corp. (TSXV: TME) (FWB:
TQ1) ("Temex" or "the Company") reports that a second drill rig has
been mobilized to the Whitney Property. The drilling program is
intended to provide sufficient data to establish initial National
Instrument 43-101 ("NI 43-101") resources on several near surface areas
of the Property further described below. In addition, the program is
testing targets in the upper areas of the Broulan Reef Mine and other
high priority exploration targets.


The drill campaign is focusing on evaluating several targets with the
primary objective being to delineate NI 43-101 compliant gold resources
at the Hallnor 6 Vein area and the 1-55 North and South Veins in the
Upper Hallnor Mine based on excellent results obtained during a first
phase program completed by Temex earlier this year. The program will
also test the C Zone, which the Company views as a target for
delineation of a potentially open pittable gold resource located
between the Hallnor and Broulan Reef Mines as follow up on the high
grade intercepts received to date from the Upper Broulan Reef veins.




Upper Hallnor 6 Vein Area

The Hallnor 6 Vein area is located in the footwall of the Hallnor
deposit north and northeast of the Hallnor shaft and has been
identified to date over a strike length of approximately 230 metres at
depths ranging from approximately 150 to 300 metres from surface. An
initial phase of drill testing yielded excellent results with all nine
holes cutting broad intervals of north and south dipping quartz veins,
highly anomalous gold, with occasional fine-grained visible gold (news
release March 2, 2011). The gold mineralization in the 6 Vein area is
open for expansion and is viewed as a potential bulk tonnage
underground target. Highlight drill results include:



6.47 g/t gold over 5.70 metres including 8.06 g/t gold over 4.20 metres


9.97 g/t gold over 6.70 metres including 66.00 g/t gold over 0.80 metres


3.72 g/t gold over 14.40 metres including 8.55 g/t gold over 3.10 metres


4.12 g/t gold over 19.30 metres including 5.81 g/t gold over 11.40
metres


2.03 g/t gold over 20.90 metres including 3.04 g/t gold over 10.00
metres



Upper Hallnor 1-55 Zone

The 1-55 veins occur in the footwall of the main Hallnor deposit and
have both open pit and underground mining potential. The veins have
been identified over a strike length of 350 metres and extend from
surface to approximately 150 metres vertical depth where the
gold-bearing structures pass into Timiskaming sediments and then
re-emerge in the Q Zone quartzite. Additional drilling is designed to
confirm continuity, expand the gold mineralization and also provide
grade verification in stope sized blocks. Highlight drill results
include:



3.32 g/t gold over 7.00 metres including 10.63 g/t gold over 1.60 metres


2.28 g/t gold over 12.00 metres including 5.46 g/t gold over 4.90 metres


18.74 g/t gold over 2.10 metres including 50.10 g/t gold over 0.70
metres



C Zone

The C Zone is potentially open pittable gold mineralization located
east-northeast of the former Broulan Reef Mine and appears to represent
classic hook vein geometry similar to the high grade veins mined in the
volcanic rocks at Lower Hallnor. Drilling will test for continuity.
Highlight drill results include:



3.64 g/t gold over 13.50 metres including 10.13 g/t gold over 4.50
metres


8.24 g/t gold over 4.00 metres including 21.16 g/t gold over 1.00 metres


4.47 g/t gold over 22.20 metres including 5.79 g/t gold over 11.00
metres



Upper Broulan Reef

Drilling is designed to confirm continuity and expand gold
mineralization (news release September 28, 2011) intersected by testing
of shallow targets and the hanging wall and footwall areas of the
former Broulan Reef Mine workings to explore for additional near
surface flat vein and quartz stockwork zones outside areas where
remaining historical, non-compliant with National Instrument 43-101
("NI 43-101") resource blocks defined by previous operators exist.
These types of zones have historically had nugget-type gold
mineralization that were successfully bulk mined from underground with
significantly higher grades being obtained from mining than those
indicated by drilling. Highlight drill results include:



4.51 g/t gold over 3.00 metres including 13.37 g/t gold over 1.00 metre


3.97 g/t gold over 6.80 metres including 10.53 g/t gold over 2.10 metres


37.90 g/t gold over 8.80 metres including 648.13 g/t gold over 0.50
metres


5.44 g/t gold over 6.00 metres including 13.65 g/t gold over 0.90 metres


8.79 g/t gold over 2.30 metres including 38.01 g/t gold over 0.50 metres


13.55 g/t gold over 4.00 metres including 44.04 g/t gold over 0.50
metres


33.46 g/t gold over 5.40 metres including 62.99 g/t gold over 2.80
metres



The Property, located in the centre of the Timmins gold camp, hosts
three past producing mines including the high grade Hallnor Mine which
produced 1.7 million ounces of gold at an average grade of 0.40 oz/ton
(13.7 g/t) gold. The exploration program is being conducted under the
terms of the joint venture agreement between Temex (60%) and Goldcorp
Canada Ltd. (40%, "Goldcorp"). During the option period prior to
earn-in, the Company completed 88 drill holes for 20,574 metres. Upon
forming the joint venture with Goldcorp and approving the initial
budget of $1.5 million in June 2010, 46 drill holes for 14,205 metres
were completed in 2010. The Company has thus far in 2011 completed an
additional 38 drill holes for 8,097 metres of an approved 12,000 metre
program; the remainder of this approved $1 million program is currently
in progress. The Company is also planning an additional $1.5 million
drill program to commence before the end of the year.


Ian Campbell, P. Geo., President and CEO of the Company, is the
designated "qualified person" (within the meaning of National
Instrument 43-101) 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 its Timmins Whitney Property, in
partnership with Goldcorp, and expanding its NI 43-101 gold resource at
the Juby Gold Project (Note 1) with an updated resource estimate
planned for fall 2011. The Juby Main Zone has a resource of 14.1
million tonnes at a grade of 1.36 g/t gold for 614,000 ounces of gold
in the Indicated category and 18.3 million tonnes at a grade of 1.14
g/t gold for 602,000 ounces of gold in the Inferred category, both at a
cut-off grade of 0.50 g/t gold. Temex also has a NI 43-101 compliant
resource for tailings material on its Gowganda Silver Project (Note
2). The tailings piles contain 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.


Notes:



Information regarding the mineral resource estimate on the Juby Main
Zone is in the Company's news release dated June 15, 2010 and the
technical report filed on SEDAR July 30, 2010. The Mineral Resource
Statement was prepared for Temex by GeoVector Management Inc., Ottawa,
Ontario according to the "CIM Standards on Mineral Resources and
Reserves: Definition and Guidelines" (December, 2005), by Allan
Armitage, Ph.D., P. Geol., and Joe Campbell, B.Sc., P.Geo.,
"independent qualified persons" as defined by NI 43-101.






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 according to the "CIM
Standards on Mineral Resources and Reserves: Definition and Guidelines"
(December, 2005), by Allan Armitage, Ph.D., P. Geol., Alan Sexton,
M.Sc., P.Geo. and Joe Campbell, B.Sc., 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.




For further information:

For more information please visit http://www.temexcorp.com/">www.temexcorp.com or email: [email protected] or phone: 416-862-2246 toll free: 866-373-6287