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Message: Re: Run out of gas?

Mar 19, 2008 08:46AM

re news from the area:

NEWS - - Temex and East West detect airborne EM conductors south of Noront Double Eagle discoveries

Posted by: AGORACOM on March 19, 2008 09:07AM

TORONTO, March 19 - Temex Resources Corp. (TSX Venture Exchange: TME, Frankfurt: TQ1) ("Temex" or "the Company") announces that helicopter borne VTEM electromagnetic and magnetic surveys have now been completed and preliminary data has been received covering a 30 kilometre strike length on its claims subject to an Option and Joint Venture Agreement with East West Resource Corporation ("East West"), in the McFaulds Lake area.

Highlights:

- Helicopter borne VTEM survey locates several discrete EM conductors

- Ground geophysical surveys set to commence

- Diamond drilling of priority targets being planned

- 333 claim units held under an Option and Joint Venture Agreement with

East West

- 238 new claim units staked under 50:50 staking syndicate with East

West

The preliminary data reveals several discrete airborne EM conductors and Temex and East West are currently reviewing this data in order to prioritize up to 10 potential drill targets. Ground geophysical surveys will be conducted where warranted and diamond drilling is planned to test the new targets. The priority airborne targets to be tested resemble targets similar to the Noront nickel-copper-platinum group element discoveries (Eagle One and Eagle Two) however a number of targets also resemble volcanogenic massive sulphide (VMS) deposits similar to the discoveries near McFaulds Lake made since 2003.

Temex also announces that in addition to the 333 claim unit property subject to the terms of an Option and Joint Venture Agreement with East West announcedFebruary 19, 2008 , an additional 238 claim units were staked on a syndicated 50:50 basis to extend coverage based on the results of the airborne survey and to extend coverage on a number of other magnetic features. These features are believed to represent geological environments favourable for the formation of magmatic nickel-copper-platinum group element deposits.

The claims, which are located in the Sachigo Greenstone Belt in the James Bay Lowlands region of northern Ontario, are situated approximately 45 kilometres south and east of the high-grade Noront Eagle One and Eagle Two discoveries. The program is being supervised by a management committee comprised of personnel from Temex and East West.

Bruce Durham, P. Geo., is the designated qualified person responsible for the preparation of this news release.

Temex is a well-funded Canadian exploration company advancing its precious metal, nickel, diamond and uranium projects in Ontario.

Investors are invited to visit the Temex IR Hub athttp://www.agoracom.com/ir/Temex where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to mailto:TME@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell

President and CEO

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Mar 19, 2008 09:35AM
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