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The company has announced 2011 plans calling for exploration expenditures of $3,000,000 for the its portfolio of precious metals projects: Timmins Gold, Juby Gold, Latchford Gold and Gowganda Silver. The exploration expenditures are intended to be directed primarily to diamond drilling.
The Temex Resources Corp. website is at www.temexcorp.com.
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This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2010-09-16.
The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.
| General Metric | Value on 2013-06-17 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$8.26 |
| Average Ore Value per Tonne | US$50.30 |
| Metal Value Leverage (MVL) | -no stock price- |
| Market Capitalization as a Percentage of Metal Value | - price unavailable |
| Recent Closing Stock Price | C$ [note 1] |
| Fully Diluted Share Count | 100.53 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 0% |
| Percentage In Situ Inferred Resource | 100% |
| Metric | Value on 2013-06-17 |
|---|---|
| Gold Reserves + Resources | 599.45 K oz |
| Average Gold Ore Grade | 1.1 g/t |
| Market Capitalization per oz of Gold In Situ | US$0.00 ( C$0.00 ) |
| Gold Equivalent Ounces Estimate | 599.45 K oz |
| Market Capitalization per oz of Gold Equivalent | US$0.00 ( C$0.00 ) |
Note 1: Conversion rate used: 1 Cnd$ = 0.982273 US$
Note 2: Fully diluted share count taken from Share Structure webpage (viewed online September 2010).
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | ||
|---|---|---|---|
| Total Counts (reserves + resources) | 599.45 K oz | ||
| Metal Prices in US$ (from 2013-06-17) | $1,384.50 / oz | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $8.26 | ||
| Percentage of Total Metal Value | 100.00% | ||
| Metal Value Percentage Proven + Probable | 0% | ||
| Metal Value Percentage Measured + Indicated | 0% | ||
| Metal Value Percentage Inferred | 100% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|
| Juby | Ontario, Canada | $8.26 ( 100.0% ) | US$50.30 | 599.45 K oz | 0 | 0 | 100% |
| Gowganda Silver | Ontario, Canada | $0.00 ( 0.0% ) | 0 | 0 | 0 | ||
| Timmins Gold | Ontario, Canada | $0.00 ( 0.0% ) | 0 | 0 | 0 | ||
| Latchford Gold | Ontario, Canada | $0.00 ( 0.0% ) | 0 | 0 | 0 |
PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors
Property hosts the Miller Lake O’Brien silver mine operated by United Siscoe Mines which produced 40.7 million ounces of silver at a reported average grade of 22 opt silver from 1910 to 1972. [Source: company website]
Latest NI43-101 Report:
(0 pages).
Project Location: Ontario, Canada. View project on a Google Map.
The Juby Lease Property (the “Property”) is located 15 km west of Gowganda, in the Shining Tree area of the Abitibi greenstone belt, northeastern Ontario (Figs. 1 and 2). Temex purchased the Property from Inmet Mining Corporation in 2002. The Property previously had major drilling campaigns conducted on it by Teck-Hughes in 1938, Getty Mines in 1975, Pamour Porcupine Mines in 1984 and Inmet in 1999/2000. Temex conducted 16,281.64 m of further drilling from 2002 to 2004 in 74 drill holes. [Source: NI43-101 report dated July 2010]
Latest NI43-101 Report: TECHNICAL REPORT
ON THE
REVISED RESOURCE ESTIMATE ON THE
JUBY MESOTHERMAL GOLD PROJECT
2010-07-30 (30 pages).
Project Location: Ontario, Canada.
Average Ore Value (all estimate types): US$50.30
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $8.26 | 599.45 K oz | 1.130 g/t | 16.50 M t |
Estimate notes: See tableOrFigureTitle on p. xxOfyy in the NI43-101 dated July 2010.
0.5 g/t cut-off grade
The company discovered a block of rock containing vein material with very coarse gold. A representative chip sample assayed 6,222 g/t gold. [Source: company website]
Latest NI43-101 Report:
(0 pages).
Project Location: Ontario, Canada. View project on a Google Map.
Temex has a 60% interest from Porcupine Gold Mines in the Whitney Township Property. Temex owns 100% of the PAM Property, which lies within the boundaries of the Whitney Township Property. Temex has an option to earn a 100% interest in the Croxall Property located in Price Township in the West Timmins area. [Source: company website]
Latest NI43-101 Report:
(0 pages).
Project Location: Ontario, Canada. View project on a Google Map.