Temex and Nuinsco report uranium exploration results diamond drilling underway

Temex and Nuinsco report uranium exploration results diamond drilling underway

Temex Resources Corp. and partner Nuinsco Resources Limited announce results from the fall surface exploration program conducted on the Marijane Lake and Huston Lake Uranium Properties (the “Claims”) and that drill testing of select anomalies is underway.

Commented Ian Campbell, President and CEO, “We are very encouraged by the results of the fall program conducted to follow-up on the numerous airborne radiometric anomalies. The analytical results of this program are up to three times as high as those from reconnaissance prospecting conducted in 2007 and we have identified several targets for immediate drill testing.” “These are excellent preliminary results from an exciting project with the potential to host a large, bulk tonnage uranium resource,” added Paul Jones, President of Nuinsco.

Detailed geological evaluation and prospecting of radiometric anomalies identified from the May 2008 airborne radiometric survey was completed in October and November. Airborne radiometric anomalies are located within and around the western margins of the 30 km by 10 km east-west trending Marijane Lake Batholith, a pink to white, 2-mica (alaskite) granite similar in mineral composition to that which hosts the large tonnage, low grade Rössing Uranium Mine in Namibia.

In the Marijane Lake area, scintillometer counts measured on the ground ranged from several hundred counts per second (“cps”) to 5,000 cps. Anomalous uranium mineralization exceeding 200 ppm U in granitic and pegmatitic granite outcrops occurs over areas of up to 0.5 km by 1.5 km with individual grab samples reporting as high as 1360, 1450 and 1890 ppm U.

Approximately 10 km to the northeast, radiometric anomalies occur within dykes or apophyses thought to be related to the Marijane Lake Batholith interspersed within country rock consisting of migmatite and metavolcanic sequences. Scintillometer counts along a 4 km long anomalous trend are several times background with local hot spots in the thousands of cps, and up to the limit of the hand-held scintillometer of 9999 cps. Grab samples returned as high as 2140, 2900 and 3240 ppm U.

Outcrops in both areas often exhibit yellow staining previously identified in the Marijane Lake area by electron microprobe analyses as the secondary uranium minerals, uranophane and boltwoodite. Mineralogical work has also identified the primary uranium-bearing minerals uranothorite and coffinite. During the course of the program scintillometer counts were measured at 900 separate sites, while 336 grab samples have been analyzed by ICP multi-element methods with re-analyses of samples reporting over 500 ppm U pending.

The Claims are located in northwestern Ontario and in eastern Manitoba 75 km east of Lac du Bonnet, and were staked in spring 2007 to cover a large and locally intense airborne radiometric anomaly detected by government surveys. Nuinsco has the option to earn a 50% interest in the Claims by spending a total of $750,000 over a two year period and by making cash payments and share issuances to Temex (news release May 15, 2008). The current program budget of $500,000 is funded 100% by Nuinsco with Temex acting as the operator.

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